How to Buy $SONIC Tokens on Phemex

In this guide, we’ll walk you through how to buy $SONIC tokens using the Phemex exchange. With over 5 million active users, Phemex is known for its intuitive interface, support for more than 350 cryptocurrencies, and strong security measures. We selected Phemex because it offers advanced trading tools, responsive customer service, KYC compliance, a strong security track record, and competitive fees of 0.10% for both maker and taker orders. New users can also unlock rewards of up to $8,800 upon signing up, along with extra discounts for holding the platform’s native token, $PT.

Buy $SONIC!

Phemex also features advanced trading capabilities such as bot and copy trading, making it easier to optimize strategies with less manual input. It’s especially suited for futures trading and allows up to 100x leverage for users comfortable with higher risk exposure.

Below, we have listed all the steps you should follow for buying $SONIC tokens on Phemex:

Step 1: Open your browser and go to the official website of Phemex. Sign up for an account to start trading.

Step 2: Once you’re logged in, navigate to the Phemex homepage. Hover over the “Trade” tab in the toolbar, two dropdown menus will appear.

Step 3: In the right dropdown menu, type “Sonic” in the search bar and select the “SONIC/USDT” pair.

Step 4: On the right-hand side, locate the Buy/Sell panel where you can place either a Market or Limit order.

Step 5: In the “Amount” field, enter how much USDT you want to spend. You can also use the slider for quick adjustments.

Step 6: Once your order details are confirmed, click “Buy SONIC” to place your Market or Limit order.

Fees When Buying Sonic SVM Token on Phemex

Phemex applies a 0.10% fee on both maker and taker orders. For a $100 purchase of $ZEREBRO, this means a $0.10 fee, leaving you with $99.90 in tokens. If you hold Phemex’s native token ($PT), you’ll receive a 20% discount, lowering the fee to 0.08%, or just $0.08 for the same transaction.

How to Transfer $SONIC to a Web3 Wallet (Phantom)

To explore Sonic’s high-performance smart contract environment, users generally move their tokens into a compatible Web3 wallet after purchasing from an exchange. Sonic SVM operates on its own architecture, so it’s not compatible with EVM wallets like MetaMask. You’ll need to use a wallet that natively supports Sonic SVM, like Phantom, to store and manage its native token.

Once your wallet is ready, you can send, receive, and interact with Sonic’s dApps securely while retaining complete control over your tokens.

Step 1: Click on the “Assets” icon (wallet symbol) to view your balances. Then, from the dropdown, click on “Withdrawal”.

Step 2: In the “Select a coin to withdraw” section, search and select “SONIC”. The network will automatically be set to Solana.

Step 3: In the “Address” field, open your Sonic SVM-compatible wallet, copy your receiving address, and paste it here.

Step 4: Scroll down to the “Withdrawable Amount” field, enter the amount of SVM to transfer, and then click “Withdraw” to proceed.

You can track the transfer by entering the transaction ID (TXN ID) on Sonic Explorer. After the transaction is confirmed on the blockchain, your $SONIC tokens will appear in your connected Web3 wallet.

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Sonic SVM Explained

Sonic SVM is built on Solana and focuses on enhancing scalability and performance for decentralized applications (dApps) and blockchain games. As a Layer 2 solution, it leverages the HyperGrid framework, which provides a customizable and scalable infrastructure while remaining compatible with Solana. Sonic enables the creation of sovereign game economies, allowing for transaction rollups and settlements on Solana.

The platform’s utility token, $SONIC, powers transactions within its ecosystem, particularly in gaming and dApp environments. By bridging Ethereum and Solana, Sonic enables interoperability, taking advantage of Solana’s low fees and high transaction speeds.

Bottom Line

Sonic SVM blends speed, performance, and smart contract compatibility in a unique way that’s meant to serve the next generation of decentralized applications. It’s still early days, but if you’re looking to gain exposure to an experimental and performance-driven environment, this is one to watch. Make sure your wallet setup aligns with Sonic SVM’s ecosystem so you’re prepared to safely interact as it matures.

FAQs

1. What are Sonic SVM tokens used for?

Sonic SVM tokens (likely ticker: $SONIC) will serve as the native gas and governance token for the Sonic Layer-2 network, enabling ultra-fast smart contract execution and decentralized coordination.

2. Will I be able to buy Sonic tokens on Solana DEXs?

Yes, once launched, the token will likely be tradable on Solana-based DEXs like Jupiter, Raydium, or Meteora, given its SVM compatibility.

3. Can I use MetaMask to buy Sonic tokens?

No, MetaMask is Ethereum/EVM-focused. To interact with Sonic, you’ll need a Solana-compatible wallet like Phantom or Solflare.

4. What makes Sonic SVM different from other rollups?

Unlike Ethereum rollups, Sonic is a high-speed, Solana-native rollup that uses the SVM (Solana Virtual Machine), enabling sub-second finality and native composability with the Solana mainnet.

5. Is Sonic a Solana-based Layer 2?

Yes, Sonic is a Layer-2 (L2) rollup that runs on top of Solana. It’s being developed by Zeta Labs, the team behind Zeta Markets, and is the first high-speed, general-purpose rollup built using the Solana Virtual Machine (SVM).