Important Update
CoinSpot has completed the Fantom (FTM) Rebranding & Token Swap Plan to Sonic (S).
Please do not deposit Fantom (FTM) as the Token Swap & Rebranding Plan has been completed, doing so may result in loss of funds.
We only accept Sonic (S) deposits via Sonic Transfer Network.
Fantom (FTM) will be rebranded from Fantom (FTM) to Sonic (S).
CoinSpot will facilitate the changes on behalf of all users holding Fantom (FTM).
Fantom (FTM) will be rebranded to Sonic (S)
at a ratio of
1 Fantom (FTM) : 1 Sonic (S)
The Process
Trading
Fantom (FTM) Instant Buy - Disabled on 13th of January 2025 until completion.
Fantom (FTM) Instant Sell/CoinSwap - Disabled on 13th of January 2025 until completion.
Coin Withdrawals & Deposits
Fantom (FTM) Coin Withdrawals - Disabled on 13th of January 2025 until completion.
Fantom (FTM) Coin Deposits - Disabled on 13th of January 2025 until completion.
Ratio & Pricing
Each user will receive 1 Sonic (S) per 1 Fantom (FTM) they hold in their CoinSpot wallet. This means that if the price of 1 Fantom (FTM) is $1.44, it will then become $1.44, assuming the market value does not fluctuate.
Important Information
Please DO NOT deposit OLD Fantom (FTM) after the token swap has been completed, doing so may result in loss of assets and recovery is not guaranteed.
For further information on the recent changes, please have a read of the link provided below.
Any further updates surrounding the change will be communicated to our users via General Announcement & Updates or within this article.
Need more help?
Please submit your request via Zendesk - https://coinspot.zendesk.com/hc/en-us/requests/new
or start a conversation with us via Live Chat and our team will provide full instructions and advice.
Comments
0 comments
Article is closed for comments.