Sonic

Fantom (Migrated to Sonic)

Sonic (prev. FTM)

<p>Fantom (FTM) has officially rebranded to <strong>Sonic Labs</strong> on August 1st. However, the change from native token FTM to new native token $S will happen by the end of 2024, according to Fantom’s team.</p>
<p>Sonic will become a new layer-1 player in the market. Meanwhile, the FTM price, which is still the native token’s name, is on <a href="https://captainaltcoin.com/heres-why-fantoms-ftm-price-could-climb-higher-after-breaking-key-resistance/" target="_blank" rel="noopener noreferrer nofollow">an upward trajectory with another 8% pump today</a>. This could be welcome news for holders, considering most altcoins are either staying flat or correcting 5-15% as we enter Q4.</p>
<p>Existing FTM holders will convert their tokens to S at a 1:1 ratio during the migration process.</p>
<p>The rebranding of Fantom to Sonic Labs marks a significant shift in the project’s identity. As a layer-1 blockchain, Sonic aims to compete with established players in the market. The transition from FTM to $S tokens is expected to be a key milestone in this evolution.</p>
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   <p lang="en" dir="ltr">Travel back to the 80s and start earning points for the <a href="https://twitter.com/search?q=%24S&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$S</a> airdrop, currently worth ~$130 million!<a href="https://twitter.com/hashtag/SonicArcade?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#SonicArcade</a> features 3 play-to-earn games initially — Plinko, Mines, and Wheel — each offering airdrop points.<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f579.png" alt="🕹" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/YoUPmlKy9d" target="_blank" rel="noopener noreferrer nofollow">https://t.co/YoUPmlKy9d</a> <a href="https://t.co/nv8BMp4L50" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/nv8BMp4L50</a></p>— Sonic Labs (prev. Fantom) <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@0xSonicLabs) <a href="https://twitter.com/0xSonicLabs/status/1840886460884664600?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 30, 2024</a>
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<p>While many altcoins are experiencing a downturn, FTM has shown resilience with its recent price increase. This performance stands out in the current market landscape, where volatility remains a constant factor.</p>
<h2 class="wp-block-heading" id="the-differences-between-ftm-and-s">The Differences between FTM and S</h2>
<figure class="wp-block-table table1">
 <table class="has-fixed-layout">
  <thead>
   <tr>
    <th>Feature</th>
    <th>FTM</th>
    <th>S</th>
   </tr>
  </thead>
  <tbody>
   <tr>
    <td><strong>Token Type</strong></td>
    <td>Native token of the Fantom blockchain</td>
    <td>Native token of the Sonic blockchain</td>
   </tr>
   <tr>
    <td><strong>Functionality</strong></td>
    <td>Used for staking, governance, and fees</td>
    <td>Optimized for cross-chain capabilities and transaction processing</td>
   </tr>
   <tr>
    <td><strong>Transaction Speed</strong></td>
    <td>Up to 200 TPS</td>
    <td>Targeting over 10,000 TPS</td>
   </tr>
   <tr>
    <td><strong>Transaction Fees</strong></td>
    <td>Standard gas fees</td>
    <td>Lower and more efficient fees</td>
   </tr>
   <tr>
    <td><strong>Reward Structure</strong></td>
    <td>Fixed rewards for staking</td>
    <td>Dynamic rewards tied to network performance</td>
   </tr>
   <tr>
    <td><strong>Interoperability</strong></td>
    <td>Limited cross-chain support</td>
    <td>Designed as a bridge asset for seamless transfers across blockchains</td>
   </tr>
   <tr>
    <td><strong>Supply Dynamics</strong></td>
    <td>Existing supply maintained</td>
    <td>New supply introduced with community airdrop planned</td>
   </tr>
  </tbody>
 </table>
</figure>
<h2 class="wp-block-heading" id="which-low-cap-crypto-to-watch">Which Low-Cap Crypto to Watch?</h2>
<p>PandaWorld, represented by the token $PADW, is a new entrant in the <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coin sector that combines elements of gaming, community engagement, and profit-sharing to create a unique ecosystem. This project might be worth keeping an eye on in Q4.</p>
<p>The token is currently in presale and has raised $120,000 within weeks.</p>
<p>The project revolves around the adventures of six panda siblings and offers a turn-based RPG where players can embark on quests, collect cards, and build teams. Additionally, it features a casino platform. PandaWorld also plans to introduce a platform for users to create and share digital content.</p>
<p>The total supply of $PADW tokens is set at 88.8 billion, and the token can only be purchased <a href="https://thepandaworld.com/en" target="_blank" rel="noopener noreferrer nofollow">through the official presale website</a> before it hits exchanges later this year.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/massive-whale-activity-for-injective-inj-shiba-inu-shib-and-these-altcoins/" target="_blank" rel="noopener noreferrer nofollow">Massive Whale Activity for Injective (INJ), Shiba Inu (SHIB), and These Altcoins</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/comparing-fantom-and-sonic-whats-new-with-token-s-as-ftm-price-pumps-again/" rel="noopener noreferrer nofollow">Comparing Fantom and Sonic: What’s New with Token S as FTM Price Pumps Again</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Comparing Fantom and Sonic: What’s New with Token S as FTM Price Pumps Again

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