Hi, I'm holding Fantom (FTM) From 18 December 2024, the Fantom Foundation has been migrating the Fantom token to the Sonic (S) token on the Sonic network. I have seen conflicting advice as to what to do, do I need to switch my FTM to Sonic or can I just leave it in my cold wallet as is?
Thanks for any info.
PS as an after thought, your opinions regarding this project would also be appreciated.
Since they’re migrating to the Sonic network, it’s important to follow the process to ensure you can take advantage of the staking opportunities on the new network. However, it’s best to read the
full guide and understand the benefits of transferring. According to the details, there’s a 90-day window to migrate, and after that, here’s what will happen.
https://docs.soniclabs.com/migration/ftm-to-sFTM to S
FTM holders on Opera can upgrade to S on a 1:1 basis using the upgrade portal on MySonic.
For the first 90 days after Sonic’s mainnet launch, you can freely swap between FTM and S through this portal. After that, upgrades will be from FTM to S only.