Token Generation Event (TGE): SonicSphere Fair Launch

SonicSphere will launch through a Fair Launch Token Generation Event (TGE) designed for fairness, sustainability, and strong product-market validation.

Launch Structure:

  • Raise Goal:

    • Minimum Cap: 5,000,000 SONIC

    • Maximum Cap: 10,000,000 SONIC

  • Funds Allocation:

    • 100% used to prime the Bonding Curve, raising SPHERE’s floor price immediately.

    • $50,000 reserved from raise for third-party audits, Initial legal retainer & DAO incorporation in a relevant jurisdiction as recommended by legal representation.

Participation Stages:

  1. Incentivised Testnet:

    • Engage with the test-net, earn whitelist access for early participation.

  2. Fair Launch Whitelist Window:

    • Whitelisted wallets get a 2-week head start.

  3. Public Access:

    • Opens to all after whitelist phase if cap not yet met.

Outcomes:

  • Minimum Cap Met:

    • SonicSphere commits to launch, audit begins.

  • Maximum Cap Met:

    • Launch immediately after audit completion.

  • Minimum Cap Not Met:

    • Full refunds to participants.

Strategic Benefits to Participants:

  • Access SPHERE close to its floor price.

  • Maximize Intrinsic Borrowing Value (IBV).

  • Front-run later entry costs (post-TGE price up to 46% higher).

  • Early access to oSPHERE farming for enhanced participation benefits.

Hypothetical Raise Parameters - Based on Min & Max Cap's

Item
Min Cap (5,000,000 $SONIC)
Max Cap (10,000,000 $SONIC)

User Acquisition Cost

1.52 $S

2.01 $S

SPHERE on bonding curve priced at

2.22 $S

3.96 $S

Circulating SPHERE

3,288,590.60 SPHERE

4,974,874.37 SPHERE

IBV (Intrinsic Borrowing Value)

65.78%

49.75%

oSPHERE Valued At

1.22 $S

2.96 $S

IBV = Intrinsic Borrowing Value: This represents the percentage of your Fair Launch investment that you will be able to require should you lock gSPHERE borrow $SONIC against that position (liquidation & interest free). FOR EXAMPLE:

  • At min raise cap average cost of SPHERE to the user is 1.52 $S / SPHERE.

  • If this user locked their SPHERE for gSPHERE and leveraged it to borrow $SONIC back they would receive 1 SONIC for every gSPHERE.

  • 1 (Max Sonic Borrow Rate per gSPHERE) /1.55 (Sonic cost per user acquisition of SPHERE at TGE) * 100 = 65.78% IBV. This effectively lowers the acquisition cost of SPHERE to 0.52 SONIC / SPHERE, during the TGE given the users ability to borrow $SONIC against gSPHERE 1:1.

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