OKX Completes Fantom Token Migration and Lists Sonic (S) for Trading

OKX has successfully completed the token migration of Fantom (FTM) to Sonic (S), marking a significant update for users of the platform. The new Sonic (S) assets can now be accessed under the ‘Assets’ section, specifically in the ‘Funding Account’ area.

The exchange has also announced the listing of Sonic (S) on its spot trading market. This development is accompanied by a detailed schedule for the availability of Sonic (S) deposits, trading, and withdrawals.

Trading Schedule for Sonic (S)

According to OKX, Sonic (S) deposits will open at 3:00 am UTC on January 21, 2025. Following this, a call auction for the S/USDT trading pair will take place from 6:00 am to 7:00 am UTC on the same day. The spot trading for S/USDT is set to commence at 7:00 am UTC.

Withdrawals for Sonic (S) will be available starting at 11:00 am UTC on January 21, 2025. These timings are crucial for traders planning to engage with the new asset on the platform.

Tokenomics and Risk Considerations

OKX has advised users to take note of the changes in tokenomics following the migration and listing event. Detailed information regarding these changes can be found here.

The exchange has also issued a risk warning, emphasizing that the information provided is for educational purposes only and does not constitute financial advice. OKX highlights the speculative nature and high volatility of digital assets, urging investors to conduct their own research and assess their risk tolerance before engaging in trading activities.

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