Fantom (FTM) has officially rebranded to Sonic Labs 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.
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 an upward trajectory with another 8% pump today. This could be welcome news for holders, considering most altcoins are either staying flat or correcting 5-15% as we enter Q4.
Existing FTM holders will convert their tokens to S at a 1:1 ratio during the migration process.
What you'll learn 👉
Sonic Labs: A New Player in the Layer-1 Space
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.
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.
Which Low-Cap Crypto to Watch?
PandaWorld, represented by the token $PADW, is a new entrant in the meme 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.
The token is currently in presale and has raised $120,000 within weeks.
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.
The total supply of $PADW tokens is set at 88.8 billion, and the token can only be purchased through the official presale website before it hits exchanges later this year.
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