Following a period of significant transformation, Fantom ($FTM) is now rebranding to Sonic ($S), an EVM (Ethereum Virtual Machine) layer 1 chain with the ability to handle up to 10,000 TPS (transactions per second) and compatible with reputed wallets such as MetaMask and OKX.
For BitDelta users, this change is simple and automatic. If you hold FTM tokens on the BitDelta exchange, the swap will be completed for you without any hassle. Here are the details you need to know:
Key Dates and Timelines
Delisting of FTM
- All pending FTM spot trading orders will be cancelled.
- Deposit, withdrawal, and trading services for FTM will close at 3:00 UTC on 13th January 2025.
Token Swap Details
- FTM tokens will be converted to Sonic (S) tokens at a 1:1 ratio.
- ERC-20 FTM tokens will be swapped to mainnet S tokens.
- A minimum holding of 1 FTM is required for eligibility.
Post-Swap Updates
- Deposit and withdrawal services for Sonic (S) tokens on the Sonic network will be available after the swap.
- Trading services for the S/USDT pair will also open shortly after the swap.
- Announcements on BitDelta’s social media will confirm when these services go live.
NOTE: Once the swap is finalised, FTM tokens will no longer be supported on the BitDelta exchange.
Next Steps for FTM Holders
To ensure a seamless trading experience:
- Keep an eye on announcements from BitDelta for updates on the swap and post-swap services.
- If you have active FTM trades, manage them before 13th January 2025.
- For any questions or assistance, contact our support team at [email protected].
About Sonic
Sonic is the next-generation layer-1 blockchain with Ethereum Virtual Machine (EVM) compatibility that offers developers a secure foundation to build decentralised applications (dApps).
Key Features
- Up to 10,000 transactions per second
- Lightning-fast completion of transactions
- EVM compatible
- Support for smart contracts programming languages
About BitDelta
BitDelta is a global trading exchange that provides services in 130+ countries. With a mission to revolutionise the financial landscape, BitDelta empowers users to achieve their trading ambitions through various innovative features such as Spot Trading, MT5, Derivatives Trading, Card Crypto Purchases, OTC Leverage, Token Launchpad Services, and more.
Along with these features, BitDelta users can diversify their portfolios into various assets like cryptocurrencies, commodities, indices, stocks, and forex, all while using a highly secure asset custodian. With a steadfast commitment to making trading accessible, BitDelta aims to create a sophisticated and engaging trading experience where every trade counts.
