Sonic, an advanced blockchain for decentralized applications, will officially launch its native token, Sonic S (S), in January 2025. Token S will be listed on 13 major exchanges, including Binance and Bybit, with the ability to support automatic upgrades through integration with the Sonic network.
Sonic launches token S with a 1:1 conversion rate to FTM
Token Sonic S will replace Fantom's FTM token at a 1:1 ratio. This conversion promises to provide a stable and high-performance platform for the Sonic ecosystem, while offering compatibility between popular blockchain platforms like Solana and Ethereum.
Sonic Blockchain is developed by Sonic Labs, co-founded by Andre Cronje, and its mainnet officially launched on December 13, 2024. Sonic is a multi-functional blockchain, compatible with both Solana Virtual Machine and Ethereum Virtual Machine, with the ability to process 10,000 transactions per second and block finality* in less than one second, providing superior performance for decentralized applications.
Token S: A new infrastructure for the ecosystem
Token S will power the entire Sonic ecosystem, with a total supply of 3.175 billion tokens shared between Sonic and Fantom. Of this, Sonic Labs has allocated 190.5 million tokens to incentivize participation and expand the network.
Although transitioning to the Sonic network, Fantom will still remain operational and will not shut down. Currently, the total value locked (TVL) of the Fantom network is still over 168 million USD, according to data from DefiLlama.
Fantom TVL | Source: DefiLlama
Additionally, Sonic Gateway has gone live, supporting cross-chain transfers, expanding interoperability between blockchains and providing many opportunities for users and developers within the ecosystem.
https://tapchibitcoin.io/sonic-ra-mat-token-s-tren-13-san-giao-dich-vao-thang-1-2025.html
