Community members of Sonic, the rebranded Fantom blockchain, approved a large bet on institutional adoption with a vote to fund a U.S. expansion strategy that includes the creation of a $50 million ETF initiative, a $100 million investment program and the creation of a Delaware-registered company.

The vote found support from 99.99% of participants. The community rejected the alternative “no-change” option almost unanimously, with just 51,200 votes against the plan and 860.6 million in favor.

STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

Coindesk

Coindesk

BTC NewswireAuthor posts

BTC Newswire Crypto News at your Fingertips

Related Posts ...

Comments are disabled.

BTC-Newswire
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.