[Breaking News] Golden Finance reported that the Fantom Foundation announced on the X platform that its first proposal for the upcoming Sonic chain has been voted through by the community with a support rate of 99%. The new token S will be compatible with FTM and will be exchanged 1:1 when released. According to the Fantom governance forum, community members have initiated a series of governance proposals on the Sonic network and are soliciting community feedback on proposed changes, plans and initiatives. The proposal states that Sonic will be a brand new L1 chain and will be connected to chains such as Ethereum through native L2 cross-chain bridges. According to the results of the first governance vote, FTM holders will be able to migrate to Sonic's native token S at a 1:1 ratio when Sonic is created.