CoinCatch Supports the Fantom (FTM) Token Swap and Renaming to Sonic (S)
The schedule is as follows:
-
CoinCatch will delist the FTM/USDT spot trading pair and cancel all open spot orders on January 10, 2025, at 03:00.
-
FTM deposit and withdrawal services will be suspended on January 10, 2025, at 03:30.
-
After the token swap is completed, we will announce the opening time for S deposits, withdrawals, and spot trading separately.
-
Following the token swap, CoinCatch will no longer support deposits of the old FTM tokens.
-
Token Swap and Renaming Details
-
After the token swap, the FTM token will be renamed as S on CoinCatch (1 FTM = 1 S).
-
All FTM balances will be reclaimed, and S tokens will be distributed to eligible users at a 1:1 ratio.
CoinCatch will handle all related technical requirements for all users.
Please refer to the project team’s announcement for more information.
Please note the following significant changes to tokenomics:
-
The initial circulating supply of S is approximately 2.88 billion tokens, with an initial total supply of 3.175 billion tokens, matching the supply of FTM at the time of issuance on the Sonic chain.
-
Total supply of S:
-
The maximum increase will be capped at 15% by 2031 (excluding block rewards).
-
Four years after issuance of the Sonic chain, the annual inflation rate will be 1.75%.
-
-
Click here for more information.
Futures
CoinCatch Team
Disclaimer:
Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.
Comments
0 comments
Article is closed for comments.