The digital asset landscape continues to evolve, and the introduction of new tokens provides exciting opportunities for traders and investors. SONIC (Sonic SVM) is the latest project to be listed for spot trading on major exchanges, bringing innovative applications to the Solana blockchain. This guide provides a detailed overview of SONIC, its trading schedule, key mechanisms, and the unique value it offers to the Web3 ecosystem.
Key Trading Timeline for SONIC
To ensure a smooth trading experience, it is essential to be aware of the following critical dates and times. All times are listed in UTC+8.
- Deposits Open: January 2, 2025, at 8:30 PM
- Withdrawals Open: January 7, 2025, at 12:00 PM
- Spot Trading Begins: January 7, 2025, at 8:00 PM for the SONIC/USDT pair.
A dedicated one-hour accumulation period will precede the official start of spot trading, allowing users to place orders at their desired prices.
Understanding the Opening Risk Control Rules
To protect investors from the high volatility typically associated with new token listings, specific risk control measures will be in place during the initial trading phase.
Initial Order Restrictions
For the first five minutes after spot trading begins, the following restrictions will be active:
- Market order trading will be disabled.
- The maximum amount for any single limit order is set at $10,000.
These restrictions are automatically lifted after the initial five-minute period concludes.
Price Limit Mechanism
If an index price is available for the trading pair, a price limit mechanism will be activated to maintain market stability. The rules are structured in two phases:
First 10 Minutes After Listing:
- Buy Order Price Cap: Index Price * (1 + X)
- Sell Order Price Floor: Index Price * (1 - X)
After the Initial 10 Minutes:
- The calculation becomes more dynamic, incorporating the average premium from the previous two minutes to determine acceptable price ranges for buy and sell orders, using parameters Y and Z.
The specific values for parameters X, Y, and Z are adjusted based on prevailing market conditions to ensure they remain effective.
The Accumulation Period Explained
The SONIC/USDT listing will feature a one-hour accumulation period before trading goes live. This mechanism allows participants to submit limit orders based on their valuation expectations before the market officially opens. The trading system aggregates all these orders to calculate a single, consensus-based reference opening price, which helps establish initial market equilibrium.
It is important to note that while this process generates a reference price, the official starting price for trading is provided by the project team. This price, often based on the project's internal valuation, serves as a starting point but does not override the prices at which users have chosen to place their orders during the accumulation phase.
An Introduction to the Sonic SVM Project
Sonic SVM stands out as a pioneering project built on the high-performance Solana Virtual Machine (SVM). Its core mission is to bridge the gap between mainstream social media and the decentralized world of Web3.
- Project Name: Sonic SVM
- Ticker Symbol: SONIC
- Total Supply: 2,400,000,000 SONIC
- Smart Contract Address: SonicxvLud67EceaEzCLRnMTBqzYUUYNr93DBkBdDES
Sonic SVM is building the first Web3 application layer integrated with a TikTok-like experience, aiming to onboard millions of users from the popular social platform onto the Solana blockchain. Beyond social media, it has also established itself as a leading gaming ecosystem within the Solana network, offering a diverse range of play-to-earn and immersive game experiences. This dual focus on social and gaming applications positions SONIC as a versatile token with multiple utility drivers.
For those looking to participate, you can explore more strategies for trading new digital asset listings. Ensuring you have USDT ready in your account is the first step to seizing this opportunity when trading begins.
Frequently Asked Questions
What is the most important date for a trader?
The key date for traders is January 7, 2025, when the SONIC/USDT spot trading pair goes live at 8:00 PM (UTC+8). This is when active buying and selling begins on the open market.
Why are there trading restrictions in the first few minutes?
The initial five-minute order restrictions are a protective measure. By disabling market orders and capping limit order sizes, the exchange helps prevent extreme price swings caused by large, rapid trades that are common when a new token is first listed, thereby protecting investors.
How does the accumulation period benefit me?
The accumulation period allows you to place a limit order at your chosen price before trading officially starts. You are not forced to react instantly to the opening price volatility, giving you more control over your entry point based on your research.
What makes Sonic SVM a unique project?
Sonic SVM’s uniqueness lies in its focus on merging a TikTok-like social media experience with Web3 on the Solana blockchain. Its goal of bringing a massive existing user base into crypto, combined with a strong presence in the gaming sector, differentiates it from many other tokens.
Where can I find the official SONIC contract address?
The official smart contract address for the SONIC token on the Solana blockchain is: SonicxvLud67EceaEzCLRnMTBqzYUUYNr93DBkBdDES. Always verify contract addresses from multiple official sources before conducting any transactions.
How can I prepare for the SONIC listing?
The best preparation is to ensure you have USDT in your exchange wallet ready for trading. You can view real-time tools to monitor market sentiment and set up price alerts to stay informed as the listing approaches.