Don’t invest unless you’re prepared to lose all the money you invest. This is a high‑risk investment and you should not expect to be protected if something goes wrong.

Fantom to Sonic: What CoinJar Users Should Know

What is happening with Fantom? What is Sonic? Here is everything you need to know.

In this article...

Holders of Fantom can change their FTM to Sonic

CoinJar customers can keep their FTM for the forseeable future.

CoinJar customers can also swap their FTM to Sonic outside of CoinJar, here's how.

With the arrival of the new Sonic Labs brand, holders are eligible for a token swap. So what is happening when Fantom becomes Sonic?

Sonic Labs has introduced its next-generation blockchain network, the Sonic chain, which promises improved features and opportunities for digital asset enthusiasts. If you're a CoinJar user holding Fantom, here's everything you need to know about the upcoming changes and how you can make the most of this transition.

Sonic Chain and blockchain technology The chain is aiming to move to a higher level of blockchain performance. They claim that this new layer-1 platform will perform better. Here are some of the features that are promised.

Efficient transactions

Over 10,000 transactions per second (TPS) and sub-second confirmation times.

Ethereum integration

A seamless gateway to Ethereum for enhanced interoperability.

Incentives

Programs like airdrops, the Innovator Fund, and Gas Monetisation to support the ecosystem.

The launch of Sonic aims to bring a wave of innovation to the blockchain space. Developers and users can expect a network optimised for speed, scalability, and efficiency.

The S Token: Sonic’s native cryptocurrency

The S token will serve as the crypto of the Sonic ecosystem, with multiple uses: -Paying for transaction fees -Staking for rewards -Running validators -Participating in governance. Upon Sonic’s launch, Fantom holders will be able to exchange 1 FTM for 1 S token via Sonic’s .

S tokens will also be available for purchase on decentralised exchanges (DEXs) and major centralised exchanges (CEXs).

CoinJar users: What you need to do

CoinJar will not automatically convert FTM to S tokens. CoinJar will continue to support FTM for the time being.

However, you can still participate in the transition by following these steps:

-Visit the official Sonic platform after its launch.

-Use the provided web interface to exchange your FTM for S tokens at a 1:1 ratio.

-Stay updated with announcements from both CoinJar and Sonic Labs for additional guidance.

There’s no immediate action required, and you can continue holding your FTM on CoinJar until we let you know otherwise.

Frequently asked questions

What happens if I don’t exchange my FTM for S tokens?

The Fantom Opera network will remain operational, so your FTM will retain its value and utility. However, to take advantage of Sonic’s features — including governance, efficient transactions, and staking rewards — you’ll need to exchange your FTM for S tokens. Click for information.

Will my staked FTM be affected?

If your FTM is staked and locked when Sonic launches, you’ll still have the option to unlock and bridge it to the Sonic network. The will provide detailed instructions closer to the launch date.

Is there an airdrop for S tokens?

Sonic Labs plans to distribute 190,500,000 S tokens through an to incentivise both Opera and Sonic users. Keep an eye on to ensure you’re eligible.

Want to change from FTM to Sonic?

For the latest updates visit the Sonic platform and stay connected with CoinJar’s announcements.

CoinJarCoinJar is one of the longest-running cryptocurrency exchanges in the world. Since 2013, we’ve helped hundreds of thousands of people worldwide to buy, sell and spend billions of dollars in Bitcoin, Ethereum and dozens of other cryptocurrencies.

Browse by topic

Standard Risk Warning The above article is not to be read as investment, legal or tax advice and it takes no account of particular personal or market circumstances;

Standard Risk Warning In the UK, it’s legal to buy, hold, and trade crypto, however cryptocurrency is not regulated in the UK. It's vital to understand that once your money is in the crypto ecosystem, there are no rules to protect it, unlike with regular

Important Note for UK Residents: If you come across this article, remember that cryptocurrency investment is high-risk. Be prepared to lose your entire investment. No protection is guaranteed if things go wrong. Remember, this article does not constitute

CoinJar

Company

Support

Legal

Crypto on CoinJar

Your information is handled in accordance with CoinJar’s .

Cryptoassets traded on CoinJar UK Limited are largely unregulated in the UK, and you are unable to access the Financial Service Compensation Scheme or the Financial Ombudsman Service.

We use third party banking, safekeeping and payment providers, and the failure of any of these providers could also lead to a loss of your assets. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets. Capital Gains Tax may be payable on profits.

CoinJar’s digital currency exchange services are operated in the UK by CoinJar UK Limited (company number 8905988), registered by the Financial Conduct Authority as a Cryptoasset Exchange Provider and Custodian Wallet Provider in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (Firm Reference No. 928767).

Apple Pay and Apple Watch are trademarks of Apple Inc. Google Pay is a trademark of Google LLC.

This site is protected by reCAPTCHA and the and apply.

CoinJarGet the app.