what's Sonar?
Sonar is a self-hosted public token sale platform built by Echo to facilitate internet capital markets. It allows crypto projects to run their own token sales directly to communities, offering configurable formats, compliance integrations like Echo's eID, and tools for on-chain fundraising without relying on traditional launchpads. This empowers founders with control over marketing and distribution while ensuring modern regulatory features for tokenized assets. Following its integration into Coinbase via the Echo acquisition, Sonar aims to bridge traditional finance and crypto by enabling seamless, democratized access to early-stage investments. It supports diverse sale structures, from fixed-price offerings to dynamic auctions, fostering innovation in decentralized capital formation.
Sonar launches spot trading pairs on Binance on Jan 15, 2026.
Launches spot trading pairs on Binance on 2026-01-15 at 14:00 UTC.
Postponed a planned token sale due to integration difficulties, with a new date to be announced.
Experienced KYC process issues for users in China and other countries due to incorrect redirection to a test sale, requiring users to re-register.
Octra token sale on the platform runs Dec 18-25 with 10% of total supply offered at fixed price of $0.20 ($200M FDV).
Aztec Network raises $60M through CCA (Continuous Competitive Auction) mechanism with 17k bidders, trading 60% above floor price in the first auction using this format.
Octra ICO valuation on the platform increases to $250M FDV, up from the previously announced $200M FDV.
Gensyn ($AI) public sale uses Sonar Authentication with an English auction format ranging from $1M to $1B FDV, accepting USDC/USDT payments on Ethereum Mainnet with token distribution on Gensyn Network L2.
Octra, an FHE-based privacy blockchain, launches a $20M public token sale on Sonar on December 18 at $200M valuation with 100% token unlock at TGE, following Ethereum's 2014 ICO model.
Fogo TGE proceeds without using Sonar platform, allocates 80% of tokens to insiders (36% team, 30% foundation) and excludes US/UK/Canada participants from the presale.
A Sonar-led deal with partner Fogo features community ownership exceeding VC ownership, which Cobie states is a first for deals he has led.
MegaETH ICO conducted on the platform (October 27-30, 2025) achieved 27.8x oversubscription with $1.4 billion demand for $50 million raise across 14,491 participants, described as the most successful ICO of 2025.
USA participants in the Harmonix sale receive 1-year vesting with 20% additional tokens, while non-USA participants get regular automatic unlocks via Hypercore.
The first HyperEVM public sale on Sonar goes live with Harmonix's HAR token at $25M FDV with 100% unlock and registration open until December 3. Sale participants receive downside protection through a Protection Vault that compensates with additional HAR and HYPE if price falls below the 0.025 USDC sale price.
The Sonar sale introduces a lottery mechanism for newcomers, capped at $5K per participant.
The Sonar sale has a $15M fundraising target, with early unlock available through a linear decay mechanism from the $1B valuation tier.
Infinex ICO offers two tiers: 5% of INX at $300M FDV with 1 year lockup, or fully liquid tokens at $1B FDV.
Mainnet launches in a few days.
Refunds are being processed for the MegaETH sale following a change by the team based on demand levels.
Patronage program opens to all users, expanding beyond previous limitations while Patrons maintain priority access in upcoming sales.
Infinex sale goes live on Sonar offering 5% of INX at $300M FDV ahead of 2026 TGE, following $67.7M Patron NFT round.
Harmonix public sale goes live on Sonar as the first Hyperliquid ecosystem project on the platform, with registration closing December 3rd at 11AM UTC and TGE expected mid-December.
US and certain other countries are restricted from the $MEGA sale, which requires prior Sonar registration for eligibility.
Incentive program launches in January with 2.5% of $MEGA token supply allocated, offering multipliers to early Frontier depositors.
Pre-deposit opens at exactly 9am EST on Nov 25 (coded in contract), with deposits non-withdrawable once made and converting 1:1 to USDm on MegaETH mainnet day 1.
$2.3M in forfeited $MEGA tokens will be redistributed on top of current allocations, with unused USDT from the pre-sale automatically refunded to wallets today, and pre-deposit bridge confirmed to have no individual deposit cap (only $250M global cap).
MegaETH pre-deposit campaign goes live Nov 25 with $250M cap, open FCFS to users who completed Sonar KYC for $MEGA sale, accepting USDC on Ethereum mainnet with rewards eligibility for pre-depositors.
Craterun campaign details six eligibility paths: Top 1000 BullRun players, historical Infinex activity and Patronage, XGP holders, historical and forward-looking perp volume on Infinex, and CT Mafia bonus crates. Crates contain cash prizes up to $10k, NFTs (Pudgy Penguins, Punks, Hypurrrrrrs), and $INX vouchers with FDV ranges from $1m to $500m that expire one year after TGE, while each Patron receives 100,000 $INX with team holding 30% of Patron supply.
Sonar sale launches alongside Infinex craterun, with top ~5k Crypto Twitter accounts eligible for 1-100 bonus crates based on influence and onchain track record.
MegaETH sale concludes with $1.39B raised, while $1.25M of allocations are cancelled and redistributed among eligible participants, and current pre-market prices estimate ~4.8x the public sale valuation.
Jupiter acquired Sonar (along with Drip and Moonshot), integrating the platform into Jupiter's ecosystem.
MegaETH sale expected to reach ~10X oversubscription (higher than initial 2x-4x estimate). Mainnet campaign capped at 5,000 wallets, with participants eligible for tradeable Fluffle 2 NFTs on MegaETH mainnet.
Sale goes live with 2x-4x oversubscription in first hour, bids now only accepted at ~$1B FDV. Mainnet launches November 15, 2025, with staking via EigenLayer offering 20% fee shares to token holders. Hyperliquid pre-markets price the project at $5B FDV, while Polymarket shows 89% odds of exceeding $2B FDV within 24 hours. New partnerships include Chainlink real-time data streams and Ethena's USDm stable offering 10% APY.
MegaETH ICO goes live this week on Sonar platform, offering 10M tokens at $0.10 per token with $6M hard cap.
Public sale runs October 27-30 with starting FDV of $1M and max FDV of $999M, minimum bid $2,650 and maximum bid $186,282. US accredited investors receive 10% discount with 1-year lockup, and oversubscription uses U-Shaped allocation prioritizing DeFi protocol participants, specific NFT holders, and social advocates via Kaito dashboard.
MegaETH ICO launches on Sonar platform next week.
Post-sale rewards campaign announced after mainnet launch exclusively for fluffle holders, echo participants, and public sale participants, excluding new users who did not participate in these prior events. Original 5,000 fluffles hold 2.5% of total supply.
MegaETH TGE scheduled for January 26, 2026 with 100% unlock (except US investors who face 1-year cliff), and bonus campaign offers 2x allocation for participants active on-chain for 30 days after mainnet launch in December 2025.
Monad airdrop confirmed for Echo users, while past Sonar sale participants (XPL) received $10k bonus drops even with small allocations.
Infinex will launch a token sale on the platform to maximize distribution before their TGE scheduled for late December or early January.
Infinex token distribution allocates 100% of supply to Patron NFT holders, with public sale happening through Sonar in December.
Infinex announces they will conduct a token sale on the Sonar platform before their TGE scheduled for Dec/Jan 2025.
Sonar was recently acquired by Coinbase.
MegaETH pre-market valuation reaches $5B (5X the sale FDV), while the auction sets minimum bid at $2,650, maximum at $186,282, and offers 10% discount for 1-year lockup option.
The MegaETH ICO English auction on Sonar allocates 5% of MEGA token supply starting at $1M fdv with a maximum price of $999M.
The MegaETH sale bidding period runs for 72 hours starting at 1pm UTC on October 27 and requires KYC. Allocation adjustments favor holders of MegaETH culture NFTs, punks, pudgys, miladies, and KaitoAI leaderboard members.
Registration for the MegaETH ICO on Sonar is now live ahead of the October 27 launch.
The MegaETH ICO through Sonar includes a 1-year token lockup period for participants and has a $900M valuation cap specifically for US-citizen participants.
Coinbase acquires Echo for approximately $375 million in cash and stock, with Sonar to be integrated into the Coinbase platform while Echo remains standalone. Echo has facilitated over $200 million across approximately 300 deals, and the integration will eventually expand to support tokenized securities and real-world assets.
The MegaETH Sonar sale has a maximum allocation of $186,282 per participant and grants priority allocation to Fluffle NFT holders, with KYC restrictions blocking US participants.
Coinbase owns Echo (the platform operating Sonar), and the MegaETH public sale launches October 27.
MegaETH runs its ICO on Sonar using an English auction for 5% of MEGA token supply, with $1M starting FDV, $999M maximum, and $186,282 per-user commitment limit.
Coinbase acquires Echo for approximately $375 million and will integrate Sonar's public sale product directly into the Coinbase platform to provide customers with new token access opportunities.
MegaETH Labs buys back 4.75% of the company from early investors.
MegaETH Labs and Chainlink are launching the first native real-time DeFi oracle.
Ultra announces he is max bidding on the MegaETH Sonar sale, calling it his first crypto fanboy moment and expressing strong conviction that it will do great.
MegaETH Labs bought back a Fluffle NFT for 69 ETH ($258,750) using Arbitrum pre-markets.
MegaETH ICO targets $550M FDV valuation, with US residents facing a compulsory 1-year token lockup period.
Registration for MegaETH sale closes October 27th, with sale structured as English auction accepting USDT on Ethereum and offering 10% discount for 1-year token lockup. Flying Tulip will be another project hosting a public sale on the platform this year, and KYC system experiences technical issues.
Registrations have opened for the MegaETH public sale on Sonar portal, with priority allocation based on social media activity, GitHub contributions, Fluffles NFT ownership, and on-chain activity.
MEGAETH will conduct a public ICO on the Sonar platform (associated with Cobie).
Developer actively conducting token buybacks while continuing project development despite recent price pullback to $40k market cap.
Trader reports ~$10k profit on $BIDS following successful trades on other curated launches, identifies SONAR as next target in the sequence.
Multiple acquisition offers rejected due to team retention requirements. New concerns emerge about potential Windsurf deal.
KYC verification required for Plasma deposit campaign participants; completion recommended before public sale to avoid delays.
Plasma token sale launches with $250M cap, accepting stablecoin deposits, backed by Tether CEO and Founders Fund.
Protocol implements 25% revenue buyback program, raising concerns about platform liquidity drainage.
Echo platform designates Sonar as their new ICO launchpad platform.
New platform launches with permissionless token sale hosting and KYC-free investment capabilities.
Backend ICO technology platform positions for market synergy with Launchcoin for early project discovery and public sales, while competing with Echo platform.
ICO platform Sonar debuts with Plasma token sale targeting $50M raise at $500M valuation