FAQ
Check out the most frequently asked questions about Sonic and its S token.
S and FTM Tokens
How do I upgrade my FTM to S?
Yes, FTM holders on Fantom Opera can seamlessly upgrade their tokens to S on a 1:1 basis using the upgrade portal on MySonic. For the first 90 days after Sonic’s mainnet launch, you can freely swap between FTM and S through this portal. After that, upgrades will be from FTM to S only.
If you hold FTM anywhere other than Opera, follow our migration guide.
Where can I buy or sell S?
You can acquire S on decentralized exchanges (DEXs) on Sonic. We're working with key centralized exchanges (CEXs) to make S available on their platforms.
Stay updated by checking CoinGecko and CoinMarketCap to find the DEXs and CEXs where S is listed.
What if I have FTM on a CEX?
If you hold FTM on a centralized exchange, we’re collaborating with major exchanges to enable users to upgrade FTM to S directly on their platforms. Stay tuned for updates from the CEX where you hold your FTM. Alternatively, you can withdraw your FTM to Fantom Opera and upgrade to S through our upgrade portal.
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 upgrade work?
For the first six months following Sonic's launch, you'll have the option to upgrade FTM to S on a 1:1 basis through the upgrade portal. For the first 90 days after Sonic’s mainnet launch, you can freely swap between FTM and S through this portal. After that, upgrades will be from FTM to S only.
What happens if I don't upgrade my FTM to S?
If you choose to hold your FTM on the Opera network and do not upgrade it to 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 upgrade your FTM to 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. Follow our official migration guide.
Is there an incentive program for developers to build on Sonic?
Yes. Sonic Labs is running a massive incentive program, which includes the Fee Monetization program that rewards developers with up to 90% of the fees their apps generate, and the Innovator Fund that offers up to 200,000,000 S to expedite the immediate adoption of apps to Sonic and support new ventures.
What are the tooling/infrastructure apps available on Sonic?
Check out all the tooling and infrastructure in our ecosystem explorer on MySonic.
Opera Chain
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