SONAR meaning in Cryptocurrency ?

Answer:

What Is SonarWatch ?

SonarWatch is a tracking dashboard on Solana blockchain that allows you to track all your assets on Solana DeFi but also to explore the ecosystem.

$SONAR is the utility token that is used to:

Access PRO features on sonar.watchReduce fees on every transaction made on sonar.watch

PRO Features are part of the following list:

• Token, pools, farms, staking & lending tracking • Multi wallets support • Historical chart of your portfolio’s value • Floor price evaluation of your collection • Currency selector • Statistics on all assets (Price, APR, TVL, Supply) • Top gainers and losers • IL Calculator • Eco-system overview

How many SONAR coin are in circulation?

100 million SONAR tokens have been generated. 40% for mining reserves which will be diluted over many years with 40% of the remaining reserve diluted each year. 20% goes to the team (fully locked for 2 years). 20% goes to the investors for the seed and private sale (locked for 1 year and vested over 6 months after). 10% goes for the treasury/liquidity. 5% for IDO/IEO. 3% for marketing and 2% for airdrops. At launch, 22M tokens will be circulating (10M from treasury/liquidity, 5M from IDO/IEO and 7M from others).

Who are the founders of SonarWatch?

Olivier, the lead dev of Sonar, has 6 years of experience as a full-stack web developer. In the last few years he has focused on blockchain development with Ethereum and then with Solana. SonarWatch was a personal project at first, to help him track his funds on Solana DeFi, he then shared the tool to the public which is now the most used tracking tool on Solana.

Guillaume has been working in Finance for 3 years, first as a developer and then as a project manager in a company which provides solutions for Technical Analysis and trading for end-users and for institutions. Guillaume is in charge of project growth and evolution at Sonar.

Victor is the community manager he also heads up marketing playing a key role in strategy and product direction to create a powerful community but also taking the tool in the right direction.

reference

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