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I’ve moved on from my role with Sonic Labs. While my time there was brief, I’m grateful for the experience and wish the organization all the best.
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Mitchell Demeter
1.4K posts
Mitchell Demeter
@MitchellDemeter
Launched the world's first Bitcoin ATM. 13 years building companies across crypto and capital markets. Builder. Investor. Advisor.
Beigetreten Mart 2013
2.4K Folgt7.3K Follower
The digital asset treasury (DAT) market has softened alongside broader crypto markets. That’s industry-wide, not unique to Sonic, and not permanent.
DATs remain an important bridge between traditional capital and on-chain ecosystems, particularly in the absence of a Sonic ETF, where a regulated public-market structure can provide compliant access.
@sonic_strategy is our chosen DAT partner. Given current market conditions, we extended the agreement to allow the structure to mature responsibly, rather than forcing timelines that don’t reflect today’s environment.
Importantly, the tokens associated with this structure are contractually locked. SonicStrategy has never sold $S, and its dedicated to growing $S per share through long-term accumulation, not distribution.
Markets move in cycles. We’re focused on building the infrastructure that endures across them.
Sonic@SonicLabs
Transparency Update on Sonic Labs' DAT. @sonic_strategy, a publicly listed company on the Canadian Securities Exchange (CSE), is being built as a regulated bridge to the Sonic ecosystem, giving traditional investors compliant exposure without wallets, private keys, on-chain interaction, or complex tax reporting. 🧵
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Earlier this year, when $S was trading at higher levels, governance gave the green light to an ETF allocation. As the market cooled, we held off on minting those tokens, and no ETF tokens have been issued. When I came on board as CEO in late September, I chose to keep it paused.
At current prices, moving forward as originally proposed would require issuing a substantial number of tokens. That didn't feel right to me. Markets evolve, and it made sense to pause and reassess rather than follow a plan that no longer fit.
I remain convinced that institutional access is important for long-term growth, but timing matters. We’ve refined the approach to better reflect current market conditions, and the updated path forward and conditions for moving ahead are outlined in the blog linked below.
Sonic@SonicLabs
Transparency update on Sonic Labs’ $S ETF allocation. Earlier this year, governance approved a proposal authorizing up to $50M worth of $S to seed a potential US-listed ETF with the expectation that execution would follow shortly thereafter. 🧵
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Season 1 did exactly what it was meant to do. It bootstrapped Sonic at launch, drove real usage, brought in infrastructure partners, and helped establish the network quickly. It worked.
It also came with an unavoidable tradeoff: meaningful sell pressure. Large, broad airdrops optimize for short-term behavior as much as long-term participation. That’s not a mistake, it’s a lesson. And good networks evolve based on lessons, not narratives.
After reviewing Season 1 outcomes and the broader market response, we made the deliberate decision to cut Season 2 short and materially reduce distributions. We know that wasn’t popular for everyone, but we believe it was the right call for the long-term health and alignment of the Sonic ecosystem.
Going forward, we’re moving away from broad participation-based airdrops and toward targeted, usage-driven incentives that reward real activity: builders shipping, users creating demand, and teams contributing to sustainable growth. In parallel, we’re re-evaluating tokenomics and burn mechanisms so value accrues to those who participate meaningfully as the network grows.
This is a shift from bootstrapping to optimization. From growth at any cost to discipline, alignment, and durability. We’re building Sonic for the long haul, and every decision from here forward will reflect that. $S
Sonic@SonicLabs
Transparency Update on Sonic Labs Airdrop Economics. Per a community governance vote, we originally minted 190,500,000 S for airdrops and ecosystem incentives on June 19th, 2025. 🧵
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This is correct.
We’re doing a real reset at Sonic. Not surface-level changes, a full internal restructuring from the inside out. Leadership, strategy, BD, comms, marketing, community, and how we operate day to day.
This stuff takes time. We’re going through the business issue by issue and fixing things properly, not rushing it or papering over what needs work.
When this is done, Sonic will look very different from what it was before I stepped in.
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What we are witnessing is not normal, it is a full top down restructuring at $S @SonicLabs.
From the CEO level all the way through BD, communications, marketing, and community.
How often do you see a reset like this? It tells me the founders are hungry for change and serious about getting it right.
The easy way out would have been to let things keep running as they were.
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@Jackcrypto4life @SonicLabs Thanks for being a supporter of Sonic. Our team is motivated by community members like you who are persistently advocating for our ecosystem.
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I don't know why people are still negative on @SonicLabs.
It may be quiet, like many, but it's clear the team are working and making changes for the good of the chain.
The ecosystem is so vibrant with so many great platforms, NFT's, memes and communities.
Continue buying, trading and get back to having fun - that's when the magic happens.
Ticker is $S. 🥽
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Mitchell Demeter retweetet
So you want to learn how to build on the fastest, most secure, and builder aligned EVM chain?
@HackQuest_ has an easy, 8 phase course on all things Sonic:
Learn the basics of Solidity, deploy secure smart contracts, build guided projects, and more!
🔗 Start learning today: hackquest.io/learning-track…
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Every ecosystem goes through quiet moments.
What matters is who’s still building when the noise fades.
Hard times pass. Infra stays ✊
-penny_@swappenny
it’s Day 51 of Shilling and Pushing @SonicLabs $S until we see $S at $1! Just trying to keep everyone in the community alive at this point seems like everyone left 💔🧡🧡!!!
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Mitchell Demeter retweetet
Make sure to give @ResonanceFund a follow 📱
Resonance was launched by @CMCC_Global, one of Asia’s most established crypto-focused venture firms.
Learn more by watching their keynote from Sonic Summit Singapore below 👇
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I’ve been building in crypto for 13 years and have started several businesses along the way. Renno Global, my fCEO and Director services firm, is fully operated by my partners and their team. While I still hold ownership stakes in various companies I’ve helped build, I’m not involved in their day-to-day operations. My sole daily focus is Sonic Labs, where I serve full-time as CEO.
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@cryptohokio @chud_eth @MitchellDemeter He literally has a "Rent a CEO" company: #Meet-mitch" target="_blank" rel="nofollow noopener">renno.global/#Meet-mitch
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>we have 30 years runway without *having* to touch the token
>proceeds to sell the token after -90% drawdown via obfuscated 1 tick concentrated LP anyway
we don't *have* to do it, we just hate tokenholders THAT much
@MitchellDemeter can we have some clarity on which of these 3 applies:
1) the treasury situation is now much, much weaker than when Andre made these statements
2) there has been a mistake with the liquidity provision (it's currently a limit order to sell S at current market price, -50% from where you bought less than 2mo ago)
3) you guys just give 0 fucks and are going to extract and pillage from tokenholders any which way you can
Can't see how it's anything other than those 3 options. Please advise.
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Follow @ResonanceFund for future updates!
Resonance@ResonanceFund
We’ve seen questions about recent $S activity on-chain and want to clarify what you’re seeing. These transactions belong to us at the Resonance Fund. We are an independent ecosystem fund created to support builders, liquidity, and long-term growth on Sonic. The fund was initially capitalized in part by Sonic Labs, and we’ve since added outside investors. Our fund now includes onchain and offchain assets which will be used to benefit the Sonic ecosystem. This is a standard part of fund management and enables us to support the ecosystem in practical ways. We’re committed to the Sonic ecosystem and are in active discussions with existing projects as well as new projects coming to Sonic. As a transparent look at what is nearing completion, we are currently in the process of: • an early-stage seed investment • a later-stage venture investment • several liquidity agreements across S and non-S pools In the last few weeks we’ve met with more than 20 teams across the ecosystem, both active liquid projects and builders in the ventures stage, and hope these engagements have been constructive and value-adding. If our work together has been helpful we’d appreciate a quick reply to help boost this new account as we become more active in communications!
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Mitchell Demeter retweetet
We’ve seen questions about recent $S activity on-chain and want to clarify what you’re seeing. These transactions belong to us at the Resonance Fund. We are an independent ecosystem fund created to support builders, liquidity, and long-term growth on Sonic. The fund was initially capitalized in part by Sonic Labs, and we’ve since added outside investors. Our fund now includes onchain and offchain assets which will be used to benefit the Sonic ecosystem.
This is a standard part of fund management and enables us to support the ecosystem in practical ways. We’re committed to the Sonic ecosystem and are in active discussions with existing projects as well as new projects coming to Sonic.
As a transparent look at what is nearing completion, we are currently in the process of:
• an early-stage seed investment
• a later-stage venture investment
• several liquidity agreements across S and non-S pools
In the last few weeks we’ve met with more than 20 teams across the ecosystem, both active liquid projects and builders in the ventures stage, and hope these engagements have been constructive and value-adding. If our work together has been helpful we’d appreciate a quick reply to help boost this new account as we become more active in communications!
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Without discriminating, we, as the last standings of @SonicLabs community, should stand for every project, protocol, and idea we can.
It doesn’t matter if you didn’t like one before:
> Do swaps
> Provide liquidity
> Bet on things
> Be testers of new projects
> Trade memes even with a small size
> Be loud for them
Just remember how we rallied GOGLZ all together.
Just remember how we supported EQUAL all together.
Just remember how high we were behind SHADOW all together.
Just remember how we were simping for Aria by Metropolis all together.
Just remember when we basically derped all together.
Get together.
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EP 1: Migration – Finding Hope in a New Realm
I’ve personally launched a small side project in collaboration with VIIM Studios in Korea. Nothing huge. Just a fun experiment combining A.I. and storytelling.
@gosodax team is obviously obsessed with crypto. But here’s a fun fact: a lot of us are also big anime fans. So I thought… why not mix the two?
As the title suggests, the theme of this first episode is $SODA Token Migration. The 'New Realm' is @SonicLabs, of course! Can you spot other metaphors in the vid?
If you enjoy this kind of content, please Like, Share, and Follow. I’d also love to hear your ideas for future episodes — drop your thoughts in the comments!
Sodie has just arrived in the New Realm — a dazzling, neon-lit world where night and light blur together. Lost and disoriented, she stumbles a mysterious vending machine called SODAX. Hesitant, she inserts a foreign coin called ICX, unsure if it will be accepted. The moment the machine whirs to life, everything changes. Shadows give way to light, uncertainty transforms into wonder, and a new possibility emerges.
This encounter marks the beginning of Sodie’s journey as a ‘Solver’ — a rare courier capable of traversing realms and keeping humanity connected.
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@DoctorDeFi @SonicLabs Relaying this to the tech team now. We have been exploring some other interesting EIP implementations that can make Sonic stand out.
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While building, I could not find a workaround for this. Had to rely on third party for better UX. (Or lack of)
Hopefully this will be implemented on $S @SonicLabs as well!
Jarrod Watts@jarrodwatts
6/ EIP-7951 - secp256r1 (P-256) precompile Adds native support for the same signature system used by iPhones, Androids, and most modern devices to Ethereum. This makes new wallet experiences possible; such as Face ID wallets that give similar user-experiences to Apple Pay.
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Even during periods of low retail user activity, the network isn’t “empty.” Builders and protocols still benefit from arbitrage bots, liquidators, keepers, and market-making activity that continuously interacts with smart contracts. These actors generate real transaction flow as they rebalance pools, enforce peg stability, execute liquidations, and close pricing inefficiencies across chains.
FeeM reflects this constant underlying economic activity. There are always opportunities for those who look for them, even before the next wave of users arrives.
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Dear @SonicLabs what’s really the lore behind feeM when there’s no user on the chain?
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I do love seeing @MitchellDemeter, the CEO, the very top person at Sonic, engaging with community members for crucial questions.
Without crossing any lines and making other people feel like shit, Mitch gave the best explanation in the kindest way possible.
This approach, and the new emerging @SonicLabs marketing guy/intern, shows that the shift from old to new is coming to an end, and we’ll start seeing some real progress towards our mutual goal.
Making generational money.
Mitchell Demeter@MitchellDemeter
Hey @chud_eth Appreciate you flagging this. I’ve asked the team to update the Discourse settings immediately so posts aren’t held for approval. This was an over-sensitive filter, not intentional moderation, and we’ll make sure the process is smooth and open for everyone going forward. This is only the second community proposal, so we’re still refining the workflow and genuinely want governance to be permissionless and transparent. On the proposal itself: it wasn’t submitted by Sonic Labs, and Sonic Labs will be abstaining from the vote. Just to be clear, we’re not seeking any reimbursement from the governance, we never have. Thanks for being part of the $S community.
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