Fantom (FTM) Price Climbs Amid New Token Strategy

Fantom (FTM) price has rebounded impressively after a week of bearish trends. The value of FTM is climbing, with the potential for further increases.

**1. What triggered Fantom's recent price surge?**

The recent price surge of Fantom (FTM) is largely attributed to an airdrop announcement by Sonic Labs, a blockchain development studio focused on the Fantom ecosystem. They will be distributing 200 million $S tokens to FTM holders at a rate determined by their holdings at the time of the snapshot, which occurred on March 1st, 2023.

As per the announcement, the airdropped $S tokens will be available for claim on April 24th, 2024. Upon claiming, 25% of the total $S tokens will be credited instantly to the recipients. The remaining 75% will be subject to a gradual nine-month distribution period.

Additionally, there is a burn mechanism in place for those who claim their tokens early. If they claim within the first month, 10% of their $S tokens will be burned. This burn rate decreases over time, down to 1% for those who claim in the ninth month.

**2. What is the deflationary model introduced by Sonic Labs?**

Sonic Labs, known for their contributions to the Fantom ecosystem, have unveiled a deflationary approach that will accompany the airdrop of 200 million $S tokens. This model is designed to boost the value of FTM holdings among the community.

The distribution of these airdropped tokens will be influenced by the snapshot of FTM holdings taken on March 1st, 2023. Notably, a portion of these tokens will be burned based on the time frame within which they are claimed.

Those who claim their tokens promptly, within the first ten days, will have a significant amount burned, contributing to a reduction in the overall circulating supply of $S tokens. This burn rate will gradually decrease as more time passes before claiming the tokens.

**3. How are the airdropped tokens distributed?**

The upcoming airdrop will see 200 million $S tokens being distributed to FTM holders. Notably, the distribution is not uniform, and the amount each holder receives will vary based on their FTM holdings at the time of the snapshot, which occurred on March 1st, 2023.

Upon claiming the airdropped tokens on April 24th, 2024, recipients will instantly receive 25% of their total $S tokens. The remaining 75% will be subject to a gradual distribution over a nine-month period following the claim date.

This staggered distribution aims to encourage early claiming of the airdropped tokens, as a burn mechanism is in place. Those who claim within the first month will have 10% of their $S tokens burned, while this rate decreases to 1% for those claiming in the ninth month.

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