Sonic SVM, a Solana Virtual Machine-based Layer 2 network, has announced the launch of its native token, $SONIC, which will play a key role in the Sonic ecosystem. The Token Generation Event (TGE) is scheduled for January 7, 2025. The $SONIC token has a total supply of 2.4 billion, with 15% of the supply tradable at launch and 7% allocated for an airdrop to eligible users, including TikTok game participants. The token will power applications built on the Sonic SVM and HyperGrid framework, which focuses on gaming, decentralized applications, and Web3 platforms, including the TikTok App Layer. The Sonic HyperGrid framework enables horizontal scaling, enhancing the performance and scalability of Solana-based applications. $SONIC will also be used for governance, staking, and payments within the ecosystem. HyperGrid Validators will play a role in securing the network. The token will be listed on KuCoin and other exchanges starting January 7, 2025. The airdrop eligibility checker is already live, allowing users to verify their eligibility for the initial claim, following the Initial Claim Snapshot completed on December 31, 2024.