Announcement on the Token Swap, Increment, and Rebranding of Fantom (FTM) to Sonic (S)

Dear users,

We are pleased to inform you that the platform will support the token swap, increment, and brand upgrade from Fantom (FTM) to Sonic (S). All Fantom (FTM) tokens will be exchanged for S tokens at 1:1 (1 FTM = 1 S).

Specific Arrangements

Spot Trading

1、At 02:00 on January 13, 2025 (UTC), all FTM orders will be canceled, and the FTM/USDT liquidity service will be terminated.

2、At 02:00 (UTC) on January 13, 2025, a snapshot of FTM account assets will be taken.

3、At 09:00 (UTC) on January 16, 2025, S/USDT spot trading will be available.

Futures Trading

Futures will close all positions and automatically settle the FTMUSDT Perpetual Contracts at 7:00 on January 6 (UTC). The contracts will be delisted after the settlement is complete.

The snapshot will include funds in asset accounts and trading accounts. After the token swap is completed, users' FTM holdings will be converted into S tokens and credited to their funds accounts.

After the completion of the token swap, increment, and rebranding, the platform will no longer support deposit and withdrawal services for FTM tokens.