PANews reported on September 1st that the Snapshot voting page indicated that Sonic Labs' proposal, "US Expansion and TradFi Adoption Plan (Including Nasdaq PIPE Vehicle and S Token Acquisition)," had been approved by the community. The proposal's initial objectives were: 1. Support US ETPs/ETFs, Nasdaq Private Equity Investment in Public Companies ("PIPE") vehicles, and other institutional S token buyers; 2. Establish Sonic USA LLC, add a CEO and national team, establish a New York City presence, and provide performance-based compensation packages to new employees; and 3. Increase the gas fee mechanism's consumption rate to enhance long-term deflation. The proposal achieves these goals through the following parameter adjustments: authorizing the issuance of $150 million worth of S tokens for ETP/ETF enablement and Nasdaq PIPE, in addition to the initial issuance of 150 million S tokens for Sonic USA.PANews reported on September 1st that the Snapshot voting page indicated that Sonic Labs' proposal, "US Expansion and TradFi Adoption Plan (Including Nasdaq PIPE Vehicle and S Token Acquisition)," had been approved by the community. The proposal's initial objectives were: 1. Support US ETPs/ETFs, Nasdaq Private Equity Investment in Public Companies ("PIPE") vehicles, and other institutional S token buyers; 2. Establish Sonic USA LLC, add a CEO and national team, establish a New York City presence, and provide performance-based compensation packages to new employees; and 3. Increase the gas fee mechanism's consumption rate to enhance long-term deflation. The proposal achieves these goals through the following parameter adjustments: authorizing the issuance of $150 million worth of S tokens for ETP/ETF enablement and Nasdaq PIPE, in addition to the initial issuance of 150 million S tokens for Sonic USA.
Sonic Labs' proposal to "promote the entry of S tokens into traditional U.S. capital markets" has been approved by the community vote.
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PANews reported on September 1st that the Snapshot voting page indicated that Sonic Labs' proposal, "US Expansion and TradFi Adoption Plan (Including Nasdaq PIPE Vehicle and S Token Acquisition)," had been approved by the community. The proposal's initial objectives were: 1. Support US ETPs/ETFs, Nasdaq Private Equity Investment in Public Companies ("PIPE") vehicles, and other institutional S token buyers; 2. Establish Sonic USA LLC, add a CEO and national team, establish a New York City presence, and provide performance-based compensation packages to new employees; and 3. Increase the gas fee mechanism's consumption rate to enhance long-term deflation. The proposal achieves these goals through the following parameter adjustments: authorizing the issuance of $150 million worth of S tokens for ETP/ETF enablement and Nasdaq PIPE, in addition to the initial issuance of 150 million S tokens for Sonic USA.
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