Hi Tokonauts,
We're excited to announce that Tokocrypto has successfully completed the swap, redenomination, and rebranding of Fantom (FTM) tokens to Sonic (S) tokens. Deposits and withdrawals for the new S tokens are now open.
Trading Updates:
- Trading for S/USDT and S/BNB trading pairs opened on January 16, 2024, at 3:00 PM WIB.
Important Notes:
- The token distribution ratio is 1 FTM = 1 S.
- Withdrawals for the old FTM tokens will no longer be supported.
-
Tokenomics Changes:
- The initial circulating supply of S tokens will be approximately 2.88 billion, with a total initial supply of 3.175 billion, matching FTM at the launch of the Sonic chain.
- The total supply of S tokens will increase and be capped at 15% until 2031 (excluding block rewards).
- The annual inflation rate will reach 1.75% four years after the launch of the Sonic chain.
For more information, please refer to Sonic Labs web.
Happy trading! To the Moon!
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