How to Migrate from Fantom (FTM Tokens) to Sonic (S Tokens) Using D’CENT Wallet

How to Migrate from Fantom (FTM Tokens) to Sonic (S Tokens) Using D’CENT Wallet

In mid-December, Sonic Labs unveiled the mainnet of Sonic, an EVM-compatible Layer-1 (L1) blockchain platform. Sonic provides developers with robust infrastructure and enhanced incentives, delivering a blockchain environment optimized for scalability and efficiency.

 

 

D’CENT Wallet Completes Integration with Sonic Mainnet

 

Sonic aims to be an EVM-based L1 platform that supports the next generation of DeFi applications by combining speed, incentives, and world-class infrastructure. Notably, it boasts the ability to process 10,000 transactions per second (TPS). With the launch of the Sonic mainnet, Fantom (FTM) tokens are officially migrated to Sonic and the newly introduced S token.

 

S Token serves as Sonic's native token and can be used for various purposes such as paying transaction fees, staking, validator operations, and participating in governance.

 

Sonic Labs provides a seamless process to upgrade FTM tokens to S tokens at a 1:1 ratio through the MySonic Upgrade Portal.

 

In line with this, D’CENT Wallet has also completed its integration with the Sonic mainnet.

 

This post explains in detail how users holding Fantom tokens in their D’CENT wallets can seamlessly migrate to S tokens.

 

Migrating FTM Tokens to S Tokens with D’CENT Wallet

 

The simplest and most efficient way to migrate FTM tokens from the Fantom network to the Sonic network is by using the D’CENT Wallet.

 

The D’CENT Wallet supports both the Fantom and the newly integrated Sonic networks, eliminating the need for additional wallets like MetaMask during the migration process.

 

Here’s how to complete the migration:

(Screenshots are taken from a test version of the app and may differ from the actual app interface.)

 

Step 1: Create a Sonic Account

  • Open the D’CENT app.
  • Press the "+" button to add a new account.
  • Search for "Sonic" and follow the prompts to create a Sonic account.

 

 

Step 2: Access the Migration Portal

  • Navigate to the “Discovery” tab in the bottom menu of the D’CENT app.
  • Tap the globe icon in the top-right corner and select the Phantom (Opera) network.

 

 

Step 3: Connect Your Wallet

  • When you arrive at the migration site, a pop-up will prompt you to approve the wallet connection. Click "Approve" to proceed.

 

Step 4: Swap FTM for S Tokens

  • Enter the amount of FTM tokens you wish to migrate.
  • Check the deposit fee and the amount of S tokens you will receive.
  • If all information is correct, click the "Upgrade" button.
  • Verify and execute the transaction for the swap process.

 

 

The entire process takes only a few minutes, allowing you to easily receive S tokens on the Sonic network.

 

 

Key Dates and Timeline

 

Remember the following timeline for a smooth transition:

  • Sonic Mainnet Launch Date: December 18, 2024
  • Migration Period: Ongoing from the launch date
  • Bidirectional Swap (FTM ↔ S): Available for 90 days post-launch
  • One-Way Swap (FTM → S): Begins after the initial 90 days

 

 

Overview of $200M S Token Airdrop

 

To boost liquidity and support the Sonic network ecosystem, Sonic Labs is introducing a $200 million S token airdrop along with a point system. Participants can earn Sonic points by holding whitelisted assets or participating in liquidity pools within the ecosystem. These points are distributed as NFT positions across multiple seasons, ensuring long-term sustainability.

 

The first season started with the launch of the Sonic network and will run until June 2025. Passive points can be earned by holding eligible assets in a D’CENT Wallet.

 

For more details on earning points and participating, refer to Sonic Labs’ official blog.

 

 

Conclusion

 

With the user-friendly D’CENT Wallet and the steps outlined above, you can easily participate in the Sonic network ecosystem. The transition to the Sonic mainnet and S tokens marks a significant advancement in blockchain technology, providing a solid and dynamic platform for both developers and users.

 

Experience the Sonic mainnet with your D’CENT Wallet today!

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