WOO X will support the token swap of Fantom (FTM) to Sonic (S).
Below are the details of the migration process and key dates to ensure a smooth transition:
General Information
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FTM Deposits & Withdrawals:
Deposits and withdrawals for FTM (both ETH and FTM networks) will be suspended on January 13th at 2:00 AM (UTC).
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Token Swap Details:
- After January 16th, all FTM tokens held by users will be automatically converted to Sonic (S) on a 1:1 basis.
- Balances below 1 FTM will not be included in the migration. Users with smaller balances are encouraged to use the "Convert Dust" feature on the Wallet page before trading suspension.
- Additional Information:
For further details, please refer to the official announcement from the project team.
A separate notification will be issued once deposits and withdrawals for Sonic (S) are enabled.
Spot & Margin Trading
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Collateral Adjustment:
The collateral factor for FTM will be adjusted as follows:- Reduced to 0.4 on January 5th at 2:00 AM (UTC).
- Reduced to 0 on January 8th at 2:00 AM (UTC).
- Trading Suspension:
WOO X will suspend spot trading for the FTM/USDT pair on January 13th at 2:00 AM (UTC).
- All open orders will be cancelled, and FTM tokens will no longer be eligible as collateral.
- Sonic (S) Trading:
Trading for the S/USDT will be announced at a later date.
Futures Trading
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FTM-PERP Suspension and Delisting:
- Trading for FTM-PERP will be suspended on January 6th at 2:00 AM (UTC).
- The pair will be delisted at 3:00 AM (UTC) on the same day.
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Settlement Details:
- All pending orders will be automatically cancelled at the delisting time.
- Outstanding positions will be settled based on the average index price (updated every second) over the last 60 minutes before delisting.
- Unrealized PnL from FTM-PERP positions will be converted into realized PnL upon delisting.
- Sonic (S) Futures Trading:
Further updates regarding S-PERP trading will be shared in due course.
Important Note
Users should be aware of the associated risks before trading. WOO X is not responsible for any losses resulting directly or indirectly from trading.
Thank you for your continued support of WOO X.
WOO X Team