A Radical Change is Happening in the Popular Altcoin: Here are the New Token and Details!

Fantom Foundation shared details of its new blockchain Sonic Network.

Fantom Foundation, which exports FTM, announced the details of the Sonic Network, which has been awaited for a while. In addition to sharing the details, a community vote was initiated to bring Sonic Network to life.

According to the statement made by the team, Sonic Network will be connected to Ethereum and other networks through a local cross-chain. Sonic Network's native token will be "S" and FTM holders will be able to convert their holdings into S with a 1:1 ratio:

FTM holders will have the opportunity to move their tokens at a 1:1 ratio for the S token, pending the results of the first governance vote.

Stating that a series of community votes will be held in the future to make important decisions for Sonic Network, the team included the following statements in the details of the statement:

A series of governance votes will be held to ensure there is strong community support to implement proposed changes and shape the future, including airdrops, liquidity, additional grants, and more.

Thanks to the Sonic update, it is aimed to increase the number of transactions per second on the network to 2,000.