As leader of the ALT coin community on Binance Square I feel obliged to say something about this and put the confusion to rest.
The current token named $SONIC that is trading on Binance has nothing to do with $FTM Fantom and its conversion to $S Sonic Labs.
$SONIC, a meme coin with an anonymous creator, is merely a distraction to the real $S that will be listed on the 16th. The Sonic coin you want in your portfolio is not on Binance yet but when it is, your FTM will be converted 1:1 and will be listed as $S, created by Sonic Labs.
You should already know how bullish I am after this rebranding.
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