Binance To Support Fantom’s Sonic Rebrand, FTM Delisting & New Sonic Trading Pairs Launch

Binance has officially announced its support for Fantom’s significant transformation from FTM to Sonic (S), marking a major development in the cryptocurrency ecosystem. 

The transition process has been carefully structured with key dates: January 13, 2025, will see the delisting of all existing FTM trading pairs, while the new Sonic (S) trading pairs will commence operations on January 16, 2025. 

The comprehensive rebrand represents a fundamental shift in the project’s identity and trading infrastructure, with Binance’s support lending significant credibility to the transition process.

Technical Implementation and Trading Specifications

The transition process involves extensive technical changes across Binance’s trading infrastructure. 

All existing FTM trading pairs, including FTM/BTC, FTM/BNB, FTM/ETH, FTM/EUR, FTM/FDUSD, FTM/TRY, FTM/USDC, and FTM/USDT, will be delisted at 06:00 on January 13, 2025. 

Simultaneously, all pending FTM orders and Trading Bot operations will be cancelled. The new Sonic (S) trading pairs will launch at 11:00 AM on January 16, 2025, mirroring the previous FTM trading pairs. 

Additionally, FTM deposits and withdrawals will be suspended at 06:30 on January 13, 2025, to facilitate a smooth transition.

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Tokenomics and Supply Mechanics

The new Sonic token introduces a carefully planned tokenomics structure. The initial circulating supply will be approximately 2.88 billion tokens, with a total supply of 3.175 billion at launch on the Sonic chain, maintaining parity with the previous FTM supply. 

The token’s economic model includes a controlled supply increase capped at 15% until 2031, excluding block rate rewards. 

A notable feature of the new tokenomics is the stabilization of the annual inflation rate at 1.75% after four years, ensuring long-term economic sustainability.

Broader Binance Ecosystem Developments

This transition coincides with several significant initiatives from Binance. The exchange has launched the “NEXT WAVE” campaign featuring a Lamborghini giveaway and a substantial $245,000 prize pool, aimed at enhancing trader engagement and maintaining its position in derivatives trading. 

Furthermore, Binance has introduced the ‘Binance Alpha’ platform, designed to identify and promote promising early-stage cryptocurrency projects. 

These developments demonstrate Binance’s commitment to ecosystem growth while supporting major transitions like the Fantom-to-Sonic rebrand, reinforcing its position as a leading cryptocurrency exchange focusing on both established projects and emerging opportunities.

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