#Binance is excited to announce the upcoming token swap and rebranding of Fantom $FTM to Sonic $S, marking a new chapter for this innovative project. This transformation will take place on January 13, 2025, with $FTM tokens being swapped 1:1 for $S tokens.
Key Dates to Remember:
January 13, 2025 (03:00 UTC): Binance will delist all FTM trading pairs and suspend FTM deposits and withdrawals.
January 16, 2025 (07:00 UTC): Deposits of S tokens will open, and new $S trading pairs (S/BTC, S/BNB, S/ETH, etc.) will go live at 08:00 UTC.
The total supply of Sonic $S will be capped at 15% growth until 2031, with a sustainable annual inflation rate of 1.75%, ensuring long-term stability and growth.
For seamless transition, Binance will handle all technical requirements, and users need not take additional action. The swap process will be automatic, and once completed, FTM withdrawals will no longer be supported.
Stay ahead of the curve with Sonic – the future of decentralized finance is now in your hands! For more details, visit the official announcement on Binance.
If you are holding $FTM in Binance you don't need to take any action. Your $FTM will be automatically upgraded to $S.
#FTM #FTM/USDT #SONIC #SonicUpgrade