Fantom Community Approves First Proposal for New Sonic Blockchain with 99% Support
The Fantom Foundation has received overwhelming support (99%) from its community for the first proposal related to the upcoming Sonic network. This approval allows for the introduction of Sonic, a new layer-1 blockchain with its own native token, $S. The FTM token will be compatible with Sonic's new token and will be exchanged at a 1:1 ratio upon release. The launch of Sonic is a significant step forward for the Fantom ecosystem, promising faster transaction speeds and better performance than the existing Opera network. The Fantom Foundation is committed to the success of Sonic and will allocate funds towards its development, while also empowering the community through upcoming governance votes.
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