A Bridge to Infinity

Founders AMA 7/28

Another great weekly AMA from the Founders team! We cover many topics and answer more questions from the community. Most notably:

• Michael speaks on mitigating risk exposure while trading, as well as how to separate an investment portfolio from a trading portfolio.
• Cristiano announces a new addition to the development team — his former partner! This is exciting news as the two have many previous years experience working side by side.
• Michael explains technical details of the $PING Ethereum bridge, token tax, and LP pool.
• Why do we think CZ has his eye on Sonar? What are the implications of this?

These questions and more are answered here:

Ethereum Bridge

The $PING Ethereum Bridge is now deeply and fully under development. We are happy to announce that we have brought on another talented Full Stack Dev to the team, who shall be introduced soon!

The Ethereum Bridge will bring $PING & Sonar to the biggest and hottest DeFi market in Crypto. Ethereum is absolutely exploding right now. With the London Hard Fork just about to hit, Sonar is positioned nicely to make a splash at a near optimal time to enter the Ethereum space. New holders, new investors, and new volume are just the beginning. The Bridge represents the groundwork being laid for our plans for the future — and they are massive.

Blockchain Education Series

Our Community Lead, Eli, has launched a new series on YouTube and Twitch called The Blockchain Education Series. The series represents the first of educational materials for new investors provided by the Sonar team. Our platform isn’t the only method of navigating the complex world of Crypto. Our mission and goal is to have comprehensive resources available of all kinds, and for all levels of traders.

Watch the most recent episode here: (older episodes can be found on the Sonar YouTube channel)

Incorporation Approaches

The process of incorporation progresses steadily. Many are curious to know when it will be complete! We can only say… soon! We thank our patient Sonarians during this time of waiting for the good news. These things take time, Lawyers, paperwork, differences in various countries tax structures and other legal tape takes time to unwind. However we are working with the best in the business to assist us in this process — Grant Thornton!

The Mystery Announcement

Last but not least, the big announcement we have teased about for the better part of two weeks looms ever closer. There has been much speculation about what it could be, who it could be? The time is coming very close until we can reveal our new technology collaboration, and we promise you it is very exciting!

A quick look at the chart

Price action has remained steady, drawing a lazy sinewave accumulation pattern as we prepare for the next big leg up. Lows in the .0034 range, highs scraping just below ATH at .0051. Overall, nothing too volatile one way or the other. Just how we like it.

With all of these recent updates, the next couple of weeks promises to be quite an exciting time! Stay tuned Sonarians!

-The Sonar Team