TechFlow reports that on January 16, Binance announced the completion of the Fantom (FTM) token swap and brand upgrade at 16:00 (UTC+8) on January 16, officially renaming it to Sonic (S). The exchange has launched eight new spot trading pairs: S/BTC, S/BNB, S/ETH, S/EUR, S/FDUSD, S/TRY, S/USDC, and S/USDT.
The new tokens have been distributed on a 1:1 basis. Users can use Binance's Simple Swap feature to exchange their old FTM (BEP20) tokens for the new S tokens. Binance has ceased support for deposits of old FTM (ERC20) and Fantom mainnet tokens, and no longer supports withdrawals of the old FTM tokens.
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