Binance has announced its support for the rebranding and token swap of Fantom (FTM) to Sonic (S).
The transition will involve delisting all existing FTM trading pairs, replacing them with Sonic (S) trading pairs, and swapping all FTM tokens for the new Sonic tokens on a 1:1 basis. The process begins on January 13, 2025, at 6:00 AM, when Binance will remove all FTM trading pairs, including FTM/USDT, FTM/BTC, and others. Pending orders and trading bot activities for these pairs will also be canceled. Deposits and withdrawals for FTM will be suspended starting at 6:30 AM on the same day.
The introduction of Sonic tokens will follow shortly after. Deposits for Sonic will open on January 16 at 10:00 AM, with trading starting at 11:00 AM. Binance will launch new trading pairs for Sonic, including S/USDT, S/BNB, and S/ETH. Withdrawals for Sonic will be enabled after the token swap is fully completed.
The new Sonic token will launch with an initial circulating supply of 2.88 billion tokens and a total supply of 3.175 billion, reflecting Fantom’s existing supply. The total supply is expected to grow at a controlled rate of 15% annually until 2031, excluding block rewards, and will stabilize at an annual inflation rate of 1.75% after four years. This rebranding and token swap represent a significant shift for the Fantom ecosystem, with Binance facilitating a smooth transition for its users as Sonic aims to redefine its vision and capabilities.