Binance supports Fantom (FTM) swap and renames it Sonic (S)

Binance has announced that it will support the conversion of Fantom (FTM) tokens to Sonic (S). This includes delisting all existing FTM spot trading pairs on Binance on January 13, 2025 at 10:00 (UTC), and opening trading for Sonic (S) trading pairs. on January 16, 2025 at 15:00 (Vietnam time). The conversion rate is 1 FTM = 1 S. Binance will also suspend FTM deposits/withdrawals from 10:30 on January 13, 2025 and open S token deposits from 14:00 on January 16, 2025. Margin and futures activities related to FTM will also be affected, with the suspension of margin borrowing, automatic liquidation and order closing taking place between December 24, 2024 and January 8, 2025. After changing its name to Sonic (S), Fantom will deploy Sonic Rollup, support Staking and Liquid Staking, and have many other activities such as token airdrop, sponsorship program, Superset introduction, network expansion through public companies. new technologies like ZK, and launching stablecoins.