PANews September 1st news, the Snapshot voting page shows that the proposal “US Expansion and TradFi Adoption Plan (including Nasdaq PIPE tool and S Token acquisition)” put forward by Sonic Labs has been approved by community vote. The preliminary goals of the proposal are: 1. Support for US ETP/ETF, Nasdaq Private Equity Investment listed companies (“PIPE”) tools and other institutional S Token buyers; 2. Establish Sonic USA LLC, add Sonic USA CEO and a domestic team across the US, and establish a business base in New York City to provide performance-based compensation plans for new employees; 3. Increase the consumption rate of the gas fee mechanism to strengthen long-term Deflation. The proposal achieves the above goals through the following parameter adjustments, authorizing the issuance of S Tokens equivalent to $150 million for ETP/ETF empowerment and Nasdaq PIPE, and additionally launching the issuance of 150 million S Tokens for Sonic USA.
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