Sonic

Sonic is an open internet service providing a suite of decentralized finance (DeFi) products for the blockchain. The platform operates on a gasless automated market maker (AMM). Users are able to add tokens, create swap pairings, and earn fees by offering liquidity to pools.

Barring enough liquidity, traders can swap their tokens with the formerly created swap pairings. The platform enables gasless transactions, and users pay fees to liquidity providers. Sonic also has plans to transform from a DEX to a decentralized organization (DAO).

SonicX is the decentralized exchange's token launched via LBP. Following its Service Nervous System (SNS) launch, SonicX holders will get the chance to convert their SonicX tokens into SOC tokens. These are the official tokens of the Sonic platform.