The Fantom Foundation is undertaking a significant upgrade and rebranding. Fantom (FTM) tokens on the Fantom Opera network will migrate to Sonic (S) tokens on the new Sonic Chain, bringing enhanced performance and functionality.

What is the Sonic Chain and S Token?

Sonic represents over two years of technical development by Fantom’s team, delivering a robust, next-generation blockchain.

 Key Features of Sonic Chain:

• EVM Compatibility: Full backward compatibility with Ethereum Virtual Machine.
• High Performance: Over 10,000 transactions per second (TPS) with sub-second confirmation times.
• Enhanced Security: Strengthened network resilience and data protection.
• Advanced Infrastructure: Optimized for next-gen decentralized applications (dApps).

The new S token will replace FTM as the platform’s utility token, used for:

• Transaction fees
• Staking
• Running validators
• Governance

What This Means for HODL OTC Clients

Your FTM holdings on HODL OTC will automatically migrate to Sonic (S) at a 1:1 ratio.

No action is required on your part.

Here’s What to Expect:

1. Automatic Conversion: All FTM holdings will seamlessly convert to S during the migration.
2. Temporary Pause: FTM trading will be paused during the migration period.

3. Effortless Upgrade: HODL OTC will manage the entire migration process, ensuring your holdings are upgraded without interruption.

Migration Timeline

Start: 12 January 2025, 12:00 UTC
End: 16 January 2025, 12:00 UTC

FTM trading on the platform will resume immediately after the migration is complete.

Need Help?

If you have any questions or need assistance, our support team is here to help. Contact us at:

support@hodlotc.com

0665601607

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