Binance Will Support the Fantom (FTM) Token Swap and Rebranding to Sonic (S)

2024-12-27

Fellow Binancians,

Binance will support the Fantom (FTM) token swap and rebranding to Sonic (S).

At 13.01.2025 08:00 (UTC+5), Binance will delist all existing FTM spot trading pairs (i.e., FTM/BTC, FTM/BNB, FTM/ETH, FTM/USDC, and FTM/USDT) and cancel all pending FTM spot trading orders. At 16.01.2025 13:00 (UTC+5), Binance will open trading for the S/BTC, S/BNB, S/ETH, S/USDC, and S/USDT trading pairs.

General

  • Deposits and Withdrawals

  • At 13.01.2025 08:30 (UTC+5), deposits and withdrawals of FTM tokens will be suspended. Please ensure that you leave sufficient time for your FTM token deposits to be fully processed prior to this time. 

  • Deposits of S tokens will be opened at 16.01.2025 12:00 (UTC+5).

  • Binance will make a separate announcement after the event is completed to notify users when withdrawals of S tokens have opened.

  • After the event is complete, withdrawals of FTM tokens will no longer be supported.

  • Binance will handle all technical requirements for users who are involved in this event.

  • Users may refer to the announcement from the project team for more information.

 

Token Swap and Rebranding

  • FTM tokens will assume the ticker of S tokens on Binance. 

  • All FTM tokens will be swapped to S at a ratio of 1 FTM = 1 S.

Spot

  • At 13.01.2025 08:00 (UTC+5), Binance will delist and cease trading on all spot trading pairs for FTM. 

  • The exact trading pairs being removed are: FTM/BTC, FTM/BNB, FTM/ETH, FTM/USDC, and FTM/USDT.

  • All trade orders will be automatically removed after trading ceases in each respective trading pair.

  • Binance will terminate Trading Bots services for the aforementioned spot trading pairs at 13.01.2025 08:00 (UTC+5), where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.

  • Binance Spot Copy Trading will delist the aforementioned spot trading pairs on 12.01.2025 08:00 (UTC+5). After this time, any outstanding spot trading pairs will be moved to the Spot Wallet. Users are strongly advised to update or cancel their Spot Copy Trading portfolios prior to 12.01.2025 08:00 (UTC+5) to avoid potential losses.

Binance will open trading for the S/BTC, S/BNB, S/ETH, S/USDC, and S/USDT trading pairs at 16.01.2025 в 13:00 (UTC+5).

Auto-Invest

  • Binance Auto-Invest will delist FTM after 08.01.2025 08:00 (UTC+5). Users may choose to remove the plan(s) beforehand. Otherwise, the next recurring cycle of the aforementioned token(s) will fail.

Convert Low-Value Assets 

  • Convert Low-Value Assets will delist FTM at 12.01.2025 07:00 (UTC+5). Users may choose to convert the low-value assets beforehand. 

Buy & Sell Crypto

  • At 08.01.2025 08:00 (UTC+5), Buy & Sell Crypto will delist FTM and all associated pairs.

 

Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

Thank you for your support!

Binance KZ Team

2024-12-25 

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Binance Kazakhstan reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.

 

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