Sonic Labs CEO announces long-term growth strategy based on real-world utility

Mitchell Demeter, CEO of Sonic Labs (formerly Fantom), has outlined the company's future plans, which center on a long-term growth strategy based on real-world utility. He said that Sonic will build a sustainable business model to return tangible value to S token holders, validators, and builders to ensure a sound financial structure. To achieve this, Demeter explained that the company plans to introduce a fee reward system, enhance token deflation, and restructure its reward system for builders and validators. The strategy also includes opening an office in New York and expanding its content hub.