IXFI is pleased to announce support for the Fantom (FTM) token swap and its rebranding to Sonic (S). Here’s everything you need to know about this transition.
Key dates and actions:
• January 13, 2025, at 03:30 (UTC):
• All existing FTM spot trading pairs will be delisted, and any open FTM trading orders will be canceled.
• Affected trading pairs include:
• FTM/BTC, FTM/BNB, FTM/ETH, FTM/FDUSD, FTM/USDC, and FTM/USDT.
• Deposits and withdrawals of FTM tokens will be paused.
• January 16, 2025, at 07:30 (UTC):
• Deposits for the new Sonic (S) tokens will open.
• January 16, 2025, at 08:30 (UTC):
• Spot trading for Sonic (S) will begin with the following pairs:
• S/BTC, S/BNB, S/ETH, S/FDUSD, S/USDC, and S/USDT.
Token swap details
• Exchange ratio: 1 FTM = 1 S.
• Ticker update: FTM will be replaced by S as the new ticker across the IXFI platform.
• Tokenomics update:
• Initial circulating supply: ~2.88 billion S.
• Initial total supply: ~3.175 billion S (matching FTM’s supply at launch).
• Future supply changes:
• Capped at a 15% increase until 2031.
• Annual inflation of 1.75% starting four years after the Sonic chain launch.
Important notes
1. Withdrawals: After the transition, withdrawals of FTM tokens will no longer be supported.
2. User action required:
• Ensure all FTM deposits are completed before January 13, 2025, at 03:00 (UTC).
• Review and update any active trading strategies involving FTM.
3. IXFI’s commitment: IXFI will handle all technical requirements for users during this swap.
For additional details, please refer to the Sonic project announcement.
At IXFI, we’re committed to keeping you informed and supported during key changes in the crypto landscape. Stay tuned to our blog for the latest updates.
