Poloniex to Support Fantom（FTM） Rebrand to Sonic（S）

Poloniex will be supporting the rebranding of Fantom（FTM） to Sonic（S） with the following arrangements:

• The withdrawals and deposits of token FTM will be unavailable at 03:00 (UTC) on January 13, 2025 . Please ensure that you leave sufficient time for your FTM deposits to be fully processed prior to this time.

• Disabling of all FTM spot trading pairs and cancellation of all pending FTM orders (FTM/USDT ) will take place at 03:00 (UTC) on January 13, 2025.

• Snapshots of users' positions will be taken at 16:00 (UTC) on January 13, 2025, after all orders are canceled. Users' FTM will be converted to S on a 1:1 basis.

• Opening of deposits, withdrawals, and trading of S will be subsequently announced, please stay tuned.

Project Official Announcement: https://blog.soniclabs.com/sonic-mainnet-launch-evm-compatible-verifiable-10-000-tps-and-sub-second-finality/ 

Please Note:

1. The system will cancel FTM orders at the specified time and return the assets involved to your Spot account automatically, please cancel all pending orders before 03:00 (UTC) on January 13, 2025 to avoid any risks.

2. The system will suspend the display of FTM  price once trading has been disabled. FTM will be excluded from the calculation of users' total balance, and your actual holdings will not be affected.

3. Poloniex reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Poloniex makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on Poloniex. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.

4. Anything contained in any of Poloniex promotions, announcements, banners, or other publications (hereinafter referred to as "Promotion") is for information purposes only and should not be construed as trading advice or recommendations. Poloniex makes no representations or guarantees in respect of any Promotion or any activity on Poloniex conducted by users as a Promotion is carried out at their own risk. Poloniex shall not be liable for any losses users may incur from such activities.

Poloniex Team

January 9, 2025