Sonic Labs CEO Change A new representative has been appointed at @SonicLabs. == Key Summary == Mitchell Demeter has been appointed as the new CEO of Sonic Labs. He is a pioneer in the blockchain industry and a serial entrepreneur who introduced the world's first Bitcoin ATM and co-founded the Canadian early exchange Cointrader Exchange. Key Roles and Vision - Expand global developer and ecosystem adoption - Strengthen relationships with U.S. and global institutional investors - Build a bridge between traditional finance and blockchain - Position Sonic as a core part of the global financial infrastructure Future Strategy - Strengthen business development and talent acquisition centered in the U.S. - Expand strategic partnerships with institutions and large corporations - Capture a market where over 10% of global GDP (approximately $10 trillion) is expected to be transacted on blockchain within the next 10 years Given this background, it is clear that Sonic Labs is solidifying its direction with the recent public announcement of its entry into the U.S. market, alongside the blockchain-friendly movements in the U.S. Moving forward, it will be interesting to see how they grow through ecosystem expansion in the U.S. and various partnerships or onboarding of institutions. For now... it would be nice to raise the price a bit... and also adjust the Korean Yapper allocation... that would be great. For reference, Sonic will also start a new Yapping based on Dash from October 1, planning to distribute a total of 300K $S to the top 250 ranks. Given that Sonic has previously distributed unevenly rather than equally, it seems that higher rankings will be more advantageous.
Show original
4.54K
19
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.