KuCoin Will Support the Token Swap and Rebranding of Fantom (FTM) to Sonic (S)
01/02/2025, 21:03:02
Dear KuCoin Users,
KuCoin will support the token swap and rebranding of Fantom (FTM) to Sonic (S). The FTM to S token swap will automatically be completed for FTM holders on KuCoin.
The arrangements are as follows:
1. The deposit and withdrawal services for FTM as well as the trading services for the FTM/USDT, FTM/USDC, FTM/BTC, and FTM/ETH trading pairs will be closed at 3:30:00 on January 13, 2025 (UTC);
2. To complete the swap, KuCoin will take snapshots of users’ FTM assets at 12:00:00 on January 13, 2025 (UTC). After the snapshot, we will convert the old FTM tokens to the new S tokens at a ratio of 1:1 (1 old FTM = 1 new S);
3. Deposit and withdrawal services of S tokens on Sonic network as well as the trading service for the S/USDT, S/USDC, S/BTC, and S/ETH trading pairs will be opened after the swap is completed. We will notify users in a further announcement.
Please note:
1. Minimum holding for eligibility: 1.2 FTM.
2. The snapshots will include FTM balances in Spot accounts (Funding Account + Trading Account).
3. FTM tokens that were in pending deposit or withdrawal at the time of the snapshots will not be counted towards your balance.
4. After the deposit, withdrawal, and trading services for FTM are closed, the FTM token will NO longer be supported on KuCoin. For users who deposit FTM afterward, KuCoin will NOT be able to cover users’ losses.
5. Users' ERC-20 FTM tokens will also be swapped into mainnet S tokens.
For further information on the rebranding and token swap, please refer to:
From Fantom to Sonic — What You Need to Know
Best regards,
The KuCoin Team
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