Buy Sonic (S)

Follow the steps below to easily and securely buy Sonic.

You can securely store your Sonic in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your Sonic. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy Sonic with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in Sonic with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy Sonic through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying Sonic is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like Sonic involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Sonic, it is important to understand the risks.

Volatility: The price of Sonic can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of Sonic is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy Sonic through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy Sonic or other cryptocurrencies anonymously on a regulated crypto platform in Europe.

Sonic is a Layer-1 blockchain that operates independently from the Ethereum blockchain but is EVM-compatible. This means it utilizes Ethereum's infrastructure while being responsible for its own network security and transaction validation.

Sonic is designed for projects such as Web3 and Decentralized Finance (DeFi) and can process up to 10,000 transactions per second. This makes it significantly faster than the Ethereum mainnet, which can only handle 15 to 30 transactions per second.

Sonic is compatible with the Ethereum Virtual Machine (EVM), allowing developers to easily migrate decentralized applications (dApps) from Ethereum to Sonic. The network supports smart contracts written in Solidity, Ethereum’s programming language.

One key reason to switch to Sonic is the network’s speed. Sonic can process up to 10,000 transactions per second. Additionally, transactions achieve instant finality, meaning they cannot be reversed once consensus has been reached.

A unique feature of Sonic is the Fee Monetization (FeeM) Model. This allows developers to earn up to 90% of transaction fees, making Sonic particularly attractive to Ethereum dApp developers.

Tokenomics of Sonic

The native currency of Sonic is the S-token. This token is used to pay for transaction fees (gas fees) and can be staked. By staking S-tokens, users contribute to network security and help validate transactions. In return, they receive S-tokens as rewards. This mechanism is known as Proof-of-Stake (PoS), a widely used consensus algorithm in the crypto industry.

Stakers also gain an additional benefit: they receive voting rights on key network decisions.

DeFi and Web3

Thanks to its high speed and low transaction fees, Sonic is an ideal blockchain for DeFi and Web3 applications. The network is highly scalable and popular for:

- DeFi applications: Integration or development of decentralized exchanges (DEXs) and lending platforms.

- NFT marketplaces: Creation and trading of NFTs through decentralized platforms.

- Blockchain gaming: Development and hosting of blockchain-based games, where the S-token can be used as an in-game currency.

Sonic was founded by Andre Cronje, a prominent figure in the Decentralized Finance (DeFi) sector. He has contributed to multiple projects, including Fantom, the predecessor of Sonic.

On August 1, 2024, Fantom officially announced its rebranding to Sonic Labs. This was not just a name change but also a transition to a faster, cheaper, and more scalable blockchain.

The official launch of the Sonic network and the associated S-token took place on December 18, 2024. From that date, FTM holders (the native token of Fantom) could exchange their tokens 1:1 for S-tokens.

Do you still hold FTM tokens in an external wallet? You can easily swap them for S-tokens via Sonic’s official website. Here, you can connect your wallet and start migrating your tokens.