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.
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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