Hassan Maishera
On Saturday, Sonic Labs (formerly Fantom Foundation) announced via X that Michael Kong, Andre Cronje, and David Richardson are resigning from the Sonic Labs board.
Matt Visser steps in as Chief Executive Officer. Kosta Kourkoumelis joins as Chief Operating Officer. Under the new leadership, Sonic Labs intends to focus on;
-
Transparent governance. Decisions, and the reasoning behind them, will be visible. No black boxes, no quiet rooms.
-
A real risk and compliance function. Sonic Labs is standing up a dedicated risk and compliance committee so that the way the team operates matches the standard their holders deserve.
-
Community first, with respect. The people holding $S are retail investors, not a vanity metric. The leadership will treat them as stakeholders they answer to, not an audience to perform for.
-
Clear communication.
Sonic (previously Fantom) is building a programmable platform on a directed acyclic-graph-based distributed ledger.
It is the highest-performing EVM L1, combining speed, incentives, and world-class infrastructure, powering the next generation of DeFi applications. The chain provides 400,000 TPS and sub-second finality.
It operates as a high-performance platform capable of processing more transactions than leading blockchains combined, while maintaining robust security and user-friendly features.
The platform stands out by offering developers unprecedented rewards of up to 90% of their application fees and seamless integration with Ethereum's established ecosystem.
Sonic's Fee Monetization (FeeM) program rewards developers with up to 90% of the fees their apps generate, adapting the Web2 ad-revenue model to a decentralized framework. Developers now directly profit from their app's traffic and user engagement.
Furthermore, the Sonic Gateway provides developers and users with seamless access to vast liquidity through a native, secure bridge connected to Ethereum. With a unique fail-safe mechanism, it ensures your assets are protected in all circumstances.
Its S coin is down 3.1% in the last 24 hours and is currently trading at $0.02710.
