Fof_warner
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- Sonic is a new layer-1 platform with impressive transaction speeds (over 10,000 transactions per second) and one-second confirmation times.
- S token will be the native token for Sonic, used for transaction fees, staking, governance, and more.
- Migration process: FTM holders can exchange their FTM tokens for S tokens at a 1:1 ratio through a web interface, expected to happen in late 2024.
- No immediate action is required from FTM holders until Sonic launches.
- Centralized exchanges will support the new S token, making the transition smoother.
This migration promises faster transaction speeds, lower fees, and enhanced security, opening new opportunities for developers and users alike.
- S token will be the native token for Sonic, used for transaction fees, staking, governance, and more.
- Migration process: FTM holders can exchange their FTM tokens for S tokens at a 1:1 ratio through a web interface, expected to happen in late 2024.
- No immediate action is required from FTM holders until Sonic launches.
- Centralized exchanges will support the new S token, making the transition smoother.
This migration promises faster transaction speeds, lower fees, and enhanced security, opening new opportunities for developers and users alike.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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