Announcement on Fantom (FTM) Token Swap and Rebranding to Sonic (S)

Dear Users,

Pionex will support the token swap and rebranding of Fantom (FTM) to Sonic (S). Accordingly, the following adjustments will be made to FTM-related features:

1. Suspension of Deposit and Withdrawal Services
At 02:00 (UTC) on January 3, 2025, deposits and withdrawals for FTM will be suspended.

2. Delisting of Contract/Spot Trading Pairs

- At 09:00 (UTC) on January 3, 2025, FTM contract trading pairs, along with their associated leveraged token trading pairs, will be discontinued and delisted. All open orders and related bot orders will be canceled.

- At 03:00 (UTC) on January 12, 2025, FTM/USDT and FTM/BTC spot trading pairs will be discontinued and delisted. All open orders and related bot orders will be canceled.

3. FTM Earn Products
Due to the delisting of FTM spot trading pairs, Pionex will stop offering FTM flexible earn products at 03:00 (UTC) on January 12, 2025. Interest will be distributed as usual before this date, and FTM assets will be automatically redeemed to the main account thereafter.

4. FTM Structured Products
Pionex will delist FTM-related structured products on December 27, 2024. Any unsettled orders will be settled at the delisting price, and the details can be viewed in the order history. Pionex will initiate a reissuance process to compensate users for related assets.

5. FTM Position Snapshot and Token Swap
After the trading pairs are delisted, a snapshot of users holding FTM will be taken. Eligible users will receive Sonic (S) tokens at a 1 FTM = 1 S ratio.

6. Reopening of S Trading
The trading of S will be reopened at a later date, which will be announced separately. Please stay tuned for further updates.

Risk Warning:
Trading in the crypto market carries a substantial risk and the possibility of making both significant profits and losses. Please trade cautiously. Though Pionex will try its best to choose high-quality assets, Pionex cannot assure any profit and will not be responsible for your trading loss.

Thank you for your continued support of Pionex!

Pionex Team
December 27, 2024