The prominent cryptocurrency exchange Binance has officially declared its backing for Fantom's (FTM) token swap and name transition to Sonic (S). Starting 12:00 p.m. (Korean Time) on January 13, 2023, all active FTM spot trading pairings will be taken down. On January 16, 2023, at 5:00 PM, new trading pairs for S/BTC, S/BNB, S/ETH, S/EUR, S/FDUSD, S/TRY, S/USDC, and S/USD will be introduced. At a 1:1 ratio, all current FTM tokens will switch over to S tokens. Binance's support for this move highlights Fantom's ongoing development and its dedication to offering cutting-edge blockchain solutions. As a significant player in the cryptocurrency ecosystem, Binance's endorsement gives S more legitimacy and makes it more accessible to a wider audience. Traders and investors can benefit from this development by exchanging their FTM tokens for S tokens on Binance. The rebranding to Sonic (S) aims to represent a new phase in Fantom's growth, and the exchange of tokens will ensure a smooth transition for all token holders.