Official Information: Sonic Will List $S Token on 13 CEXs in January 2025

Bittime - Sonic is an advanced blockchain focused on decentralized applications and gaming. Sonic has just announced that their native token, Sonic S(S), will soon launch on 13 leading exchanges in January 2025. 

Crypto investors and users are increasingly enthusiastic, especially because S tokens will replace Fantom's FTM tokens in a 1:1 ratio. So, what makes the S token and the Sonic ecosystem so interesting? Check out the full review below.

What is Sonic S Token?

Sonic is not just another blockchain. Built to support decentralized applications and a more efficient blockchain ecosystem, Sonic delivers incredible performance with the ability to process 10,000 transactions per second and block finality in less than one second. 

With these advantages, Sonic opens up huge opportunities for various applications, especially in the gaming and decentralized finance sectors.

The S token, which will be launched in January 2025, is a key foundation in the Sonic ecosystem. Interestingly, S tokens will be available on 13 major exchanges, including Binance and Bybit, two of the most popular crypto platforms in the world. 

This offering certainly provides wide access for crypto investors to buy and trade S tokens easily.

Read also: $S Coin Tokenomics of Sonic Airdrop

1:1 FTM to S Token conversion

For Fantom (FTM) users, the transition to Sonic S will be seamless. FTM tokens in the user's hands will be converted to S tokens at a 1:1 ratio. This means that every FTM token owned at the launch of the S token will be immediately replaced with the same number of S tokens. 

For the Sonic ecosystem, this step aims to maintain stability while providing a more sophisticated and high-performance platform.

Sonic S not only replaces FTM, but also brings new innovations in blockchain interoperability. Sonic is designed to be compatible with the Solana Virtual Machine (SVM) and the Ethereum Virtual Machine (EVM), making it a very flexible platform for various types of blockchain applications.

Read also: Sonic Labs Airdrop: Tutorial on How to Get Free Crypto!

Sonic Ecosystem Ready to Rock the Crypto World

Sonic Labs, founded by Andre Cronje, a leading figure in the crypto world, has worked hard to deliver Sonic as a better solution for users and developers. 

With a total supply of 3.175 billion tokens shared between Sonic and Fantom, the S token is expected to provide a huge incentive for users to participate in this ecosystem. 

A total of 190.5 million tokens have been allocated by Sonic Labs to encourage adoption and participation in their network.

However, even though Sonic is the main focus, Fantom will not be left alone. The Fantom Network will continue to operate and remain an important part of the DeFi world. 

Data from DefiLlama shows that the total value locked (TVL) on Fantom still stands at more than $168 million (around IDR 2.7 trillion), indicating the health and potential of its ecosystem despite the shift to Sonic.

Read also: Sonic Labs Launches Sonic Boom Rewards Program

When and Where Will S Token Be Listed?

The S Sonic token will officially launch in January 2025. Several leading exchanges, such as Binance and Bybit, have confirmed that they will support the listing of the S token. 

For interested users, they can follow further announcements via Sonic's official channels and related exchanges to ensure the exact schedule for this listing.

FAQs About Sonic

How to upgrade FTM to S?

FTM users on the Fantom network can easily upgrade their tokens to S at a 1:1 ratio via the upgrade portal on MySonic. 

Where can I buy or sell S tokens?

S tokens can be bought and sold on the decentralized exchange (DEX) on Sonic. Sonic is also working with major centralized exchanges (CEXs) to ensure S tokens are available on their platforms. 

How to upgrade FTM to S?

In the first six months after Sonic's launch, you can upgrade FTM to S at a 1:1 ratio via the upgrade portal. 

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Reference 

Binance Square, Sonic will launch token S on 13 exchanges in January 2025, with a 1:1 conversion to FTM, accessed 3 January 2025.

Coincident, Sonic S Tokens to Launch Across 13 Exchanges in January 2025, accessed January 3, 2025.

Author: Y