According to Foresight News, the Fantom Foundation announced that its community has voted in favor of the first Sonic-related proposal, with a support rate of 99%. The FTM token will be compatible with Sonic's new token S and will be exchanged at a 1:1 ratio upon its release.
In previous reports, the Fantom Foundation stated that Sonic would provide users and dApp developers with performance superior to the existing Opera network. The company operating Fantom also pledged to continue providing validator support for Opera. The Fantom Foundation will allocate hundreds of millions of dollars in FTM from its treasury to support the development of the Sonic ecosystem, including market marketing, business expansion, and migration funding. The foundation will initiate a series of governance votes to ensure community support for the plan.