$SONA $0.001023, MC/FDV 1M$
Sonata is a decentralized launchpad that assists protocols in launching their projects/tokens. The network also aims to become a leading provider of decentralized services, ranging from marketing to development.
The protocol has two components:
- Lenders: They provide ETH to the pool so that borrowers (new protocols) can borrow and launch their LP with their tokens without investing their own money in liquidity. Since Sonata receives 100% of the new protocol’s token supply to ensure LP, there are no sellers who could sell against lenders below a certain floor (except for Sonata itself).
- ALR (Automated Liquidity Reserve): Sonata essentially implements lending without collateral. The launch through this process is called ALR, but projects can choose a regular launch with their funds in LP.
New protocols pay a small upfront fee to lenders and a small percentage of swaps. Sonata, besides creating a reliable platform for presale and launchpad, provides various services such as marketing, liquidity locking, development, staking & yield opportunities, fair launches, token generation, and borrowing & lending for initial LP.
Sonata offers some of the lowest fees in the industry and introduces innovative products to simplify and make crowdfunding liquidity more efficient.
$SONA Token:
- Utility: Services like marketing, advertising, presale creation fees, etc., are paid in $SONA tokens. The token is also used for emissions to lenders, airdrops from projects launched on Sonata, whitelisting for sales, and staking $SONA with the opportunity to earn tokens from other projects.
- Tokenomics:
- 50% added to LP.
- 24% distributed among holders of their previous project $OPERA.
- 26% distributed in various ways to stimulate growth.
Pros:
- Well-designed website (https://sonata.network/).
- Small MC/FDV.
- Quick responses from moderators in Telegram.
- Utility token with whitelist/airdrops.
- Six wallets with balances of $1,000 or more hold $SONA totaling $36.3k.
Cons:
- 30%+ of the supply belongs to the team.
- Their first protocol, Opera, which only offered Liquidity Borrowing services, was not successful.
- 5/5 tax on buy/sell goes to the team.