Hey FAM,
Block off this information and the day! Fantom foundation is migrating from Opera network to Sonic network for a high throughput EVM compatible-layer blockchain platform. Following this upgrade, the native Fantom ($FTM) token of the Fantom foundation will be migrated and rebranded to Sonic ($S).
Flitpay will support this significant $FTM to $S token swap and as a part of this initiative, will delist $FTM and list $S.
Read on to understand what this means for all $FTM holders on Flitpay 👇
Following the upgrade, Flitpay will officially delist $FTM on January 13, 2025 and will list the new $S token on January 16, 2025.
At the time of relisting, all $FTM holdings in user accounts on Flitpay will automatically be swapped to $S tokens at a 1:1 ratio. This means for every $FTM token you currently hold, you will receive one $S token, ensuring a smooth transition without any additional action required from your side.
The following services will be affected during the $FTM-$S token swap event on January 13, 2024, 03:00 p.m. IST on Flitpay-
- $FTM will be delisted from both the Spot and Quick Buy/Sell (QBS) platforms and trading will be permanently paused on January 13, 3:00 p.m. IST.
- Any open or pending buy, sell, or trade orders involving $FTM tokens will be automatically canceled as part of the upgrade process.
- All other services, including staking, gift cards, deposits, and withdrawals of FTM tokens, will be permanently discontinued.
And Post Successful Upgrade on January 16, 2025
- All $FTM wallet balances will be updated to reflect $S tokens. The ticker symbol for your holdings will change from $FTM to $S.
- $FTM will no longer be supported on Flitpay. To continue trading or investing in the Fantom foundation token, you will need to search for Sonic ($S).
- All other services, including staking, gift cards, deposits, and withdrawals will be resumed for $S tokens.
What do FTM holders need to do during this update?
No further action is required from your end. Simply sit back, relax and watch FTM coming to your Flitpay wallets seamlessly.
Should you have any queries regarding this upgrade? Please contact support. Our team will be more than happy to assist you.