Sonic SVM (SONIC) is officially launching on the spot trading market, marking a significant milestone for the Solana ecosystem. This guide provides a comprehensive overview of the listing schedule, trading rules, project background, and essential details for traders and enthusiasts.
Key Listing Timeline and Schedule
The official listing follows a structured timeline to ensure smooth market entry and user participation. All times are based on UTC+8.
- Deposits Open: January 2, 2025, at 8:30 PM
- Call Auction Period: January 7, 2025, from 7:00 PM to 8:00 PM
- SONIC/USDT Spot Trading Begins: January 7, 2025, at 8:00 PM
- Withdrawals Open: January 7, 2025, at 12:00 PM (noon)
It is crucial to note these times to participate effectively in the initial trading phases.
Understanding the Opening Risk Control Rules
To protect investors from extreme volatility often associated with new token listings, specific risk control measures will be active during the initial trading period.
Order Restrictions (First 5 Minutes)
For the first five minutes after spot trading begins, the following restrictions apply:
- Market order trading will be disabled.
- The maximum amount for any single limit order is $10,000 USD.
These restrictions are automatically lifted after the initial five-minute window.
Price Limit Rules
If an index price is available for the trading pair, a price limit mechanism will be activated. The rules are designed to maintain market stability:
First 10 Minutes After Listing:
- Buy Order Maximum Price: Index Price * (1 + X)
- Sell Order Minimum Price: Index Price * (1 - X)
After the Initial 10 Minutes:
The limits dynamically adjust based on the index price and the average premium from the previous two minutes, bounded by parameters Y and Z.
The values for parameters X, Y, and Z are subject to adjustment based on prevailing market conditions to ensure they remain effective.
The Call Auction Mechanism Explained
The SONIC/USDT spot listing will utilize a one-hour call auction period before live trading commences. This mechanism allows participants to submit limit orders at their desired prices ahead of the official opening.
The system collects all orders during this period and uses them to calculate a reference opening price. This process helps discover an initial market price based on collective supply and demand.
For informational purposes, a suggested opening price from the project team will also be displayed. This price is typically based on project valuation and is for reference only. It does not determine the final execution price of user orders submitted during the call auction. 👉 Explore more trading strategies
Project Overview: What Is Sonic SVM?
Sonic SVM is a notable project launching on the Solana Virtual Machine (SVM). It aims to bridge the gap between mainstream social media and Web3 by building the first Web3 application layer integrated with TikTok, potentially onboarding millions of new users to the Solana blockchain.
Beyond social media, Sonic SVM is also positioning itself as a leading gaming ecosystem within the Solana network, offering a diverse range of blockchain-based gaming experiences.
- Full Name: Sonic SVM
- Ticker Symbol: SONIC
- Total Supply: 2,400,000,000 SONIC
- Contract Address: SonicxvLud67EceaEzCLRnMTBqzYUUYNr93DBkBdDES
Preparing for Trading: Deposit USDT
To ensure you are ready to trade the SONIC/USDT pair as soon as it goes live, depositing Tether (USDT) into your trading account in advance is highly recommended. This allows for immediate participation without any delays once the market opens.
Frequently Asked Questions
What is the total supply of SONIC tokens?
The maximum supply of SONIC tokens is fixed at 2.4 billion. This finite supply is a key economic characteristic of the token.
Can I use market orders as soon as SONIC trading starts?
No, market orders will be disabled for the first five minutes of trading to protect against high volatility. Only limit orders with a maximum value of $10,000 per order will be permitted during this brief initial period.
What is a call auction and how does it work?
A call auction is a period before continuous trading begins where users can place limit orders. The system aggregates all these orders to calculate a single opening price that maximizes the number of orders that can be executed, helping to establish a fair initial market price.
When can I withdraw my SONIC tokens after buying them?
The withdrawal functionality for SONIC tokens is scheduled to be enabled on January 7, 2025, at 12:00 PM (UTC+8), which is several hours after spot trading begins.
What makes Sonic SVM unique?
Its primary innovation is building a Web3 layer for TikTok, aiming to bring a massive existing user base from a traditional social platform into the Solana ecosystem. It also focuses on developing a robust blockchain gaming environment.
Where can I find the official contract address?
The official Solana contract address for the SONIC token is SonicxvLud67EceaEzCLRnMTBqzYUUYNr93DBkBdDES. Always verify contract addresses through official channels to avoid scams. 👉 View real-time tools