Binance will support Fantom (FTM) to Sonic (S) token swap and rename

Hi Binance,

Binance will support Fantom (FTM) to Sonic (S) token swap and rename.

On January 13, 2025 at 03:00 (UTC), Binance will delist FTM Spot trading pairs (FTM/BTC, FTM/BNB, FTM/ETH, FTM/EUR, FTM/FDUSD, FTM/TRY, FTM/USDC, and FTM/USDT) and cancel all pending FTM trading orders. On January 16, 2025 at 08:00 (UTC), trading of S/BTC, S/BNB, S/ETH, S/EUR, S/FDUSD, S/TRY, S/USDC, and S/USDT trading pairs will be enabled.

General

Deposits and Withdrawals

On January 13, 2025 at 03:30 (UTC), deposits and withdrawals of FTM tokens will be suspended. Please make sure to leave a significant amount of time so that FTM deposits can be fully processed before this date.

S token deposits will be enabled on January 16, 2025 at 07:00 (UTC).

Once this event is complete, Binance will release a new announcement to inform users when S withdrawals will be enabled.

Once the process is complete, FTM withdrawals will no longer be allowed.

Binance will handle all technical requirements for users involved in this process.

For more information, users can refer to the project team's announcement.

Don't forget to take note of these important changes to tokenomics following this event:

The initial circulating supply of S will be approximately 2.88 billion, with an initial total supply of 3.175 billion, matching that of FTM at Sonic Chain launch.

Total supply of S:

Will increase and be capped at 15% until 2031 (block rewards not included).

The average annual inflation will be 1.75%, four years after Sonic Chain launch.

#FTMUSD #FTM. #SONIC #Wallet #FTM $FTM

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