Sonic Arcade: an airdrop program worth 200 million dollars

The imperative of this weekend is to absolutely participate in Sonic's GameFi campaign and try to earn a share of the $S crypto airdrop.

Sonic Labs (previously Fantom) has allocated an impressive fund of 200,000,000 $S tokens (6% of the total supply) to support the migration and offer incentives to users and developers.

Considering that the new $S tokens will have a 1:1 ratio with the previous FTM tokens, the value of the fund allocated for the airdrop exceeds 200 million dollars.

A large portion of this fund will be distributed for free to players participating in the gaming initiative “Sonic Arcade.”

In practice, those who interact with free-to-play games developed by Sonic will earn points that can be later be converted into airdrop tokens.

To participate in Sonic Arcade, follow these steps:

Visit the official website and connect your wallet.

Enter a welcome code (e.g., 3tze3r) to proceed.

Request the $TOKEN trial resource for free by clicking on the faucet "Get some $TOKEN" and verifying your Twitter account.

Once you have completed these tasks, you will be ready to play the various free-to-play games available within Sonic Arcade.

Each game costs 1 coin, and the faucet will offer you 210 coins for free every week.

These assets have no monetary value and are used solely and exclusively to participate in Sonic Arcade.

Currently, there are 5 games available to interact with: Coin Flip, Rps, Plinko, Mines, and Wheel.

Every game is based on luck, thanks to a provably fair random function (VRF) that ensures everyone has the right chances to win or lose.

There are therefore no skills to learn nor particular strategies to implement: the more you play, the luckier you are, the more points you earn that are equivalent to airdrops.

Each point is represented as 1x, for example, 5x is equivalent to 5 points. The goal is to accumulate as many points as possible before the initiative ends.

Sonic offers its users an airdrop dashboard from which they can keep track of all the points won on Arcade.

From there it is also possible to generate a referral link to invite friends and earn 10% of the points they earn.

Snapshot and distribution of the airdrop

The airdrop will be distributed over time, with 25% available at the TGE and the remaining 75% locked in a financial NFT.

The value of the NFT will be gradually unlocked over 270 days (9 months) with a linear decay.

This means that users can choose to sell the airdrop in advance by burning the remaining portion.

Here are some examples of how the ratio of token $S requested and token $S burned varies based on the maturation of the vesting:

At day 0, users will receive 25%, while 75% will be enclosed in the form of a financial NFT .

The value of the NFT is unlocked over 270 days (9 months) with a linear decay.

This means that it will be possible to obtain the funds at any time at a higher ratio, but by burning the remaining part.

Here are some examples of how the ratio of token $S requested and token $S burned varies based on the maturation of the vesting:

To give an idea, on day 135 (being a linear distribution) you can request half of the airdrop by permanently burning the other half. Be careful, it can only be unlocked once.

The financial NFT was developed by the PaintSwap team using the ERC-1155 order book system. This approach allows for the optimization of gas costs, favoring the operations of market maker and traders with high orders.

This will ensure deep liquidity for both buyers and sellers.

Expectations and final opinions on the airdrop

The Sonic Arcade campaign presents an excellent opportunity for those who wish to earn cryptocurrencies but do not have starting capital.

The initiative is completely free and allows anyone to try to win a share of the prize pool, set at 200 million dollars.

However, it is important to note the vesting constraint, which requires users to wait 6 months to redeem the full reward.

At the launch, 50 million dollars will be distributed, which will be divided among hundreds of thousands of users who have been playing incessantly for several days now.

The expectations can only be low in economic terms, but also abundantly high on the bull/bear risk/reward front.

Playing is free and Sonic could reward you at best with a few hundred dollars.

As noted by “CryptoTeleguo” on X, if 1 million users participated in Sonic Arcade (all with the same points), each user would receive 150 dollars of airdrop.

In any case, the final prize depends on many factors, and it will still be necessary to observe what percentage of the airdrop the Arcade users will be rewarded