Binance has introduced its assist for the upcoming token swap and rebranding of Fantom (FTM) to Sonic (S).
Binance to Help Fantom (FTM) Token Swap and Rebrand as Sonic (S)
This transition will embrace delisting current FTM buying and selling pairs, changing all FTM tokens with S tokens, and introducing new Sonic (S) buying and selling pairs.
Token Swap and Buying and selling Modifications
FTM Buying and selling Pairs Are Being Delisted:
At 06:00 on January 13, 2025, Binance will delist all FTM buying and selling pairs, together with FTM/BTC, FTM/BNB, FTM/ETH, FTM/EUR, FTM/FDUSD, FTM/TRY, FTM/USDC, and FTM/USDT. Pending FTM orders and Buying and selling Bots may also be cancelled.
New Sonic (S) Buying and selling Pairs:
Buying and selling of the brand new Sonic (S) token will start on January 16, 2025 at 11:00 AM with pairs together with S/BTC, S/BNB, S/ETH, S/EUR, S/FDUSD, S/TRY, S/USDC, and S/USDT.
Deposit and Withdrawal
FTM Deposit and Withdrawal İşlemlerinin Askıya Alınması:
FTM deposits and withdrawals might be suspended at 06:30 on January 13, 2025.
Opening S Token Deposits:
Deposits for Sonic (S) tokens will start at 10:00 AM on January 16, 2025. Withdrawals for S tokens might be enabled after the swap occasion is totally accomplished.
Tokenomics Modifications
Provide Particulars:
The preliminary circulating provide of the S might be roughly 2.88 billion, with an preliminary complete provide of three.175 billion, mirroring the availability of FTM at launch on the Sonic chain.
The whole provide will enhance at a restricted charge of 15% till 2031, excluding block charge rewards.
After 4 years, the annual inflation charge for S will stabilize at 1.75%.
Change Fee:
All FTM tokens might be transformed to Sonic (S) at a 1:1 ratio.
*This isn’t funding recommendation.
