Golden Finance reported that Binance announced that it will complete the token replacement and brand upgrade of Fantom (FTM) at 16:00 on January 16 (UTC+8), and officially change its name to Sonic (S). The exchange has opened a total of 8 spot trading pairs: S/BTC, S/BNB, S/ETH, S/EUR, S/FDUSD, S/TRY, S/USDC and S/USDT. The new tokens are distributed at a 1:1 ratio, and users can exchange old FTM (BEP20) for new S tokens through Binance flash swap. Binance has stopped supporting deposits of old FTM (ERC20) and Fantom mainnet tokens, and no longer supports withdrawals of old FTM tokens.