Remitano Announces Rebranding of FTM to Sonic (S): A Smooth Transition for Users

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Update progress on 14/01/2025

Due to the large number of users holding FTM, Remitano announces changes & updates the schedule as follows:

• Complete closing of all FTM deposits and withdrawals
• The FTM balance held by users will be kept in the Remitano wallet, awaiting the rebranding process.
• Remitano will rename FTM to Sonic, expected to reopen deposit and withdrawal feature no later than 20/01/2025

Phase 1: Preparation for FTM Token Delisting (6 January 2025)

• Trading of FTM swaps and other related trading products will be blocked.
  
• Closure of all liquidity positions associated with FTM.
  
• Closure of FTM-related limit orders (LOs) and disabling FTM records in Recurring Buy products.
  
• Verification of frozen FTM amounts during liquidity additions and suspension of limit orders.
  

Phase 2: Suspension of FTM Deposits and Withdrawals (8 January 2025)

• Deposits and withdrawals of FTM tokens on the Binance Smart Chain (BSC) network will be halted.

Phase 3: Re-Introduction of Sonic (S) Token

The re-listing of the new Sonic (S) token will be announced at a later date, along with details regarding deposits, withdrawals, and trading.

Upcoming Actions

The rebranding from FTM to Sonic (S) underscores Remitano’s commitment to staying aligned with industry changes while safeguarding user interests. The proactive steps taken during this transition ensure that users experience minimal disruption.

Stay updated on further announcements regarding the Sonic (S) token re-listing and other related developments by visiting Remitano’s Announcements.