The Fantom Foundation is transitioning from Fantom (FTM) on the Fantom Opera network to Sonic (S) on the new Sonic network. You can swap your FTM for Sonic (S) at a 1:1 rate.ELLIPAL now supports the Sonic (S) token on the Sonic network in the latest app version, making migration secure and easy.
Migrate Your Fantom (FTM) to Sonic (S)
- Update Your ELLIPAL App and Cold Wallet's Firmware (if using a cold wallet).
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Add Support for the Sonic Network:
Ensure the Sonic network is added in both the ELLIPAL App and your cold wallet. -
Use the Sonic Upgrade Tool:
Click on the "Discover" page in the app, visit Sonic Labs in the FTM&S or Hot Dapp zone, and connect your ELLIPAL wallet using WalletConnect.
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Upgrade Your FTM:
a. Choose the amount of FTM you want to upgrade to Sonic (S) and click "Upgrade."
b. Ensure you have some FTM left to cover transaction fees.
Frequently Asked Questions
1. I hold FTM (ERC-20). How do I migrate?
Use Sonic’s official bridge tool in "Sonic Labs" to convert your assets.
2. I hold tokens on the Fantom network. What should I do?
Contact your token’s project team for migration details.
Alternatively, you can use a Dapp like SushiSwap to swap your FTM tokens for FTM (native), then upgrade them to Sonic tokens using the official migration tool.
3. Will my transaction history transfer to Sonic?
No, Sonic is a new chain with no previous transaction history.
4. When does the FTM-to-Sonic migration change from a two-way to a one-way swap?
Sonic (S) launched on December 18, 2024, enabling a two-way swap between FTM and Sonic. For 90 days (until March 17, 2025), users can freely swap between the two. After March 18, 2025, only FTM → Sonic swaps will be allowed.
There’s no deadline to migrate, as the Fantom Opera network and FTM token will remain operational for the foreseeable future. Upgrade now and enjoy the benefits of the Sonic network with ELLIPAL!