Binance has officially announced the delisting of Fantom (FTM) and the introduction of Sonic (S) tokens, with a 1:1 token swap ratio scheduled for early 2025. This strategic move aligns with Fantom’s rebranding to Sonic, marking a significant evolution in its ecosystem.
Key Dates and Actions
Token Swap and Trading Transition
- January 13, 2025 (3:30 UTC): Binance will halt FTM deposits/withdrawals and delist all FTM trading pairs (FTM/BTC, FTM/USDT, FTM/ETH).
- January 16, 2025 (8:00 UTC): Trading for Sonic (S) begins with new pairs (S/BTC, S/USDT, S/BNB).
👉 Learn more about token swaps
Automatic Conversion Process
Binance will handle the technical aspects of the swap:
- Users receive 1 Sonic (S) token for every 1 FTM held.
- No manual action is required.
- Post-swap, FTM withdrawals will no longer be supported.
Ecosystem Upgrades and Incentives
New Tokenomics and Supply
- Circulating supply at launch: ~2.88 billion S tokens.
- Inflation model: Capped at 15% yearly until 2031.
Developer and User Incentives
- Revenue sharing: Users earn up to 90% of app-generated funds.
- Airdrop: 190 million S tokens distributed.
- Innovator Fund: Supports projects on Sonic and Opera chains.
Compatibility and Future Use
- Opera Network: FTM tokens remain functional for non-upgraded users.
- Sonic Network: S tokens are required for transactions, governance, and network participation.
Proactive Steps for FTM Holders
Binance advises users to:
- Close open FTM-related positions (loans, margin trades, bots).
- Monitor updates from Binance and the Sonic team for further details.
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FAQs
1. Will my FTM tokens lose value after the swap?
No—FTM tokens convert 1:1 to Sonic (S), preserving their value.
2. Can I trade FTM after January 13, 2025?
No. FTM trading pairs will be delisted; only S tokens will be tradable.
3. What happens if I don’t swap my FTM tokens?
They remain usable on the Opera network but won’t function on Sonic.
4. How does the 90% revenue-sharing work?
Developers can distribute earnings to users based on app performance.
5. Where can I track updates about the swap?
Follow official announcements from Binance and Sonic Labs.
Conclusion
The Fantom-to-Sonic transition represents a pivotal upgrade, offering enhanced scalability and incentives. Binance’s streamlined swap process ensures a seamless experience for users. Stay informed and prepare for the 2025 migration to leverage Sonic’s new features.