Get Ready for Airdrop! Fantom Announces New Incentives for Opera and Sonic Users

Bittime - The Fantom Foundation has released its second Sonic governance proposal, outlining plans to incentivize users of the Opera and Sonic platforms. Check out some other details about this proposal in this article!

Increase Activity and TVL

This proposal aims to achieve two main objectives:

• Increased Platform Activity: By rewarding users for their participation, Fantom hopes to stimulate more activity on Opera and Sonic. This can involve more users engaging with the applications and services built on these platforms.
• TVL Growth: Total Value Locked ( TVL ) is a metric used to measure the amount of cryptocurrency locked in a DeFi (Decentralized Finance) platform. By attracting more users and activity, Fantom believes TVL will grow across Opera and Sonic.

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S Token Airdrop

Source: @FantomFDN/X

A key element of the proposal involves an airdrop of S tokens to existing and new Opera and Sonic users. The specific number of tokens each user receives will be determined by their level of activity and frequency of interaction on the platform. This approach is designed to encourage users to actively participate in the Fantom ecosystem.

Also Read How to Buy Crypto:

Conclusion

Details of Sonic's governance proposal are still being finalized. However, the focus on user rewards and platform growth shows that Fantom is committed to attracting and retaining a strong user base for Opera and Sonic.

The success of this proposal could have a significant impact on the overall adoption and growth of the Fantom ecosystem.

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How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via  Bittime .  Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Monitor price chart movements  of Bitcoin (BTC) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

Fantom Launches Sonic Technology to Increase Transactions

USDC.e: Circle-Backed Fantom Stablecoin Innovation

Fantom Community Supports 1:1 FTM to S Token Exchange on Sonic Chain

DISCLAIMER:  This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.