Fantom's Rebranded Layer 1 Sonic Goes Live

Fantom’s rebrand to Sonic is complete, with Sonic mainnet launching to the public today. FTM holders can migrate to Sonic and convert their FTM tokens into the new chain’s native token, S, and get started with its ecosystem. S token staking is available, with governance “coming soon” according to Sonic Labs’ blog post . There will also be an upcoming airdrop of S to users, with 190 million S, 6% of the total supply, worth $260 million at the time of writing. The S airdrop is set to be distributed based on “Sonic Points” for both passive and active users. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io