FTM Holders Can Migrate to New Sonic S Token
CryptoNewsTerminal Staff18 May, 2024
FTM Holders Can Migrate to New Sonic S Token
Blockchain.com recently announced that holders of FTM, the native token of the Fantom Opera network, will be able to migrate their tokens to the new Sonic S token. The new Sonic S token will be used to power the new Sonic Network, a high-performance blockchain that is being developed by the Fantom team. The Sonic Network is designed to be faster, more scalable, and more secure than the Fantom Opera network. The migration process will begin on [date] and will be completed by [date]. FTM holders will be able to migrate their tokens through a web portal that will be provided by Blockchain.com. Once the migration is complete, FTM holders will be able to use their Sonic S tokens to pay for transactions on the Sonic Network, stake their tokens to earn rewards, and participate in governance decisions.
