Binance has officially announced support for the Fantom (FTM) token conversion and rebranding to Sonic (S). This strategic move aligns with Fantom's next-generation layer-1 blockchain rollout. Below are the key details about the transition:
Key Conversion Timeline
1. FTM Trading Suspension
- 📅 Date: January 13, 2025, 10:00 (UTC+7)
⛔ Affected Trading Pairs:
- FTM/BTC, FTM/BNB, FTM/ETH
- FTM/EUR, FTM/FDUSD, FTM/TRY
- FTM/USDC, FTM/USDT
- 🔄 All open orders and trading bots will be automatically canceled.
2. Sonic (S) Trading Launch
- 📅 Date: January 16, 2025, 15:00 (UTC+7)
💱 New Trading Pairs:
- S/BTC, S/BNB, S/ETH
- S/EUR, S/FDUSD, S/TRY
- S/USDC, S/USDT
3. FTM Deposits & Withdrawals
- ⏸️ Pause FTM deposits/withdrawals: January 13, 2025, 10:30 (UTC+7)
- ↗️ S deposits open: January 16, 2025, 14:00 (UTC+7)
- ↘️ S withdrawals will be announced later.
4. Margin & Futures Impact
🔹 Margin Trading:
- 🚫 New borrowings stop: December 24, 2024, 18:00 (UTC+7)
- 💥 Auto-repay/liquidation: January 8, 2025, 13:00 (UTC+7)
🔹 Futures Trading:
- 🚫 New positions halted: January 6, 2025, 15:30 (UTC+7)
- 💥 Contracts liquidated: January 6, 2025, 16:00 (UTC+7)
Sonic (S) Tokenomics
- 🔄 Conversion Ratio: 1 FTM = 1 S
- 💰 Initial Supply: 3.175 billion S (mirroring FTM’s circulating supply)
- 📈 Annual Inflation: 1.75% (starting Year 4)
Sonic represents Fantom’s upgraded blockchain infrastructure, boasting:
- ⚡ 10,000 TPS throughput
- 🏎️ Instant transaction finality
- 🌐 Enhanced scalability for DeFi and dApps
Use Cases for S Token:
- 🗳️ Governance voting
- 🔐 Staking rewards
- 🛠️ Validator operations
- 💸 Transaction fee payments
👉 Explore more about Sonic’s upgrades
FAQ
❓ How long will FTM-to-S conversions be allowed?
- ✅ Users can swap FTM ↔ S freely for 90 days post-launch. Afterward, only FTM → S will be supported.
❓ Will my FTM holdings automatically convert to S?
- ❌ No. Holders must manually convert via Binance or the MySonic portal.
❓ What happens to FTM tokens after the 90-day window?
- 🔄 They remain convertible to S but not vice versa.
❓ Why is Fantom rebranding to Sonic?
- 🚀 To reflect technical upgrades (e.g., faster consensus, modular architecture).
👉 Stay updated on S token listings
Note: All times are in UTC+7 (Vietnam Time).
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