FAQ
Check out the most frequently asked questions about the FTM and S tokens and the Opera and Sonic chain.
FTM and S Tokens
When can I swap my FTM to S?
Upon the launch of Sonic later this year, you'll be able to exchange 1 FTM for 1 S through a web interface. We’ll share more details as we get closer to the launch of Sonic.
Do I need to take any immediate action with my FTM?
No. Upon the launch of the new Sonic chain, FTM holders will be able to exchange 1 FTM for 1 S through a web interface. We’ll share more details as we get closer to the launch of Sonic.
What if I have FTM on a centralized exchange (CEX)?
No immediate action is required. Once Sonic launches, you’ll have the option to withdraw your FTM to a Web3 wallet and swap it to S at a 1:1 ratio. However, you might want to start using your FTM on Opera right away. We anticipate that centralized exchanges will also support the new S token and exchange FTM to S on their platforms for their users.
What if my staked FTM is locked when Sonic launches?
Users will be able to unlock their staked FTM and bridge immediately to the new Sonic network.
Will the S token have any inflation?
The S token will not experience inflation during the first six months after Sonic's launch. Following that period, we will be minting S tokens per previously approved governance votes to enable our airdrop, ecosystem growth, and validator rewards. To ensure efficient use of any additional tokens, a number of new burn mechanisms and improvements are also outlined in the votes.
How does the FTM to S swap work?
For the first six months following Sonic's launch, you'll have the option to swap FTM for S at a 1:1 ratio through a designated platform available when the Sonic network launches. Initially, you can swap FTM for S both ways, but over time this will change to one-way only. We expect changes in the max supply of S compared to FTM over time.
What happens if I don't swap my FTM for S?
If you choose to hold your FTM on the Opera network and do not swap it for S, no immediate changes will occur. The Opera network is expected to continue operating as normal for the foreseeable future, and you'll still have the option to swap your FTM for S at a later time if desired.
However, to participate in the Sonic network—including governance, transactions, and more—you'll need the S token.
Is there an S airdrop?
Yes. We're planning an airdrop of 190,500,000 S to incentivize users of both Opera and our new Sonic chain.
Sonic Chain
Is Sonic EVM compatible?
Yes. The Sonic chain is fully EVM compatible, allowing any app developed for other EVM chains to be deployed on Sonic without changes in their code.
Can apps on Sonic be coded with Solidity and Vyper?
Yes. Since Sonic is EVM compatible, apps can be coded with both Solidity and Vyper.
How many transactions per second (TPS) can Sonic handle?
Sonic can process around 10,000 TPS with complete 1-block finality.
Is there a Sonic testnet?
Yes. You can immediately access the Sonic testnet to deploy your apps and experience the speed of Sonic.
Why create Sonic instead of continuing with Opera?
The technological advancements we achieved with our Sonic technology could not be fully integrated into Opera through a simple soft-fork upgrade. Therefore, we decided to launch an entirely new network with a new token, allowing us to usher in the next era of L1 blockchain innovation.
The benefits include:
10x faster node synchronization compared to Opera.
66% reduction in validator node costs compared to Opera.
Live-pruning capabilities for nodes.
Much smaller database size.
Up to 96% reduction in costs for operating large-scale RPC nodes.
Sub-second transaction finality.
Fully compatible with the Sonic Gateway.
How do I migrate my app from Opera to Sonic?
Since Sonic is fully EVM compatible, migrating your app from Opera to Sonic should be straightforward. You can deploy your existing contracts on Sonic without any changes. Detailed migration guides will be available closer to the Sonic launch.
Is there an incentive program for developers to build on Sonic?
Yes. Sonic Labs is running a massive incentive program, which includes the Innovator Fund that offers up to 200,000,000 S to expedite the immediate adoption of apps to Sonic and support new ventures, and the Sonic Boom program that hands out bounties for developing innovative apps across various categories.
What are the tooling/infrastructure apps available on Sonic?
Check out all the integrations announced here, each deploying on Sonic at launch.
I’m a developer who wants to launch on Sonic, how do I start?
Once the Sonic network is live, our website and technical documentation will outline simple steps for both users and developers to get started.
Opera Chain
What will happen to the Opera chain?
Following the launch of Sonic, the Opera network will continue to be supported for FTM holders. However, Sonic Labs will focus entirely on our Sonic chain.
Will the current apps on Opera be available on Sonic?
Yes. Many of the leading apps on Opera are set to be available on Sonic at launch, alongside a significant number of fresh, groundbreaking apps.
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