Dear Bitunix users,
Bitunix will support the Fantom (FTM)token swap and rebranding to Sonic (S). For more information about the rebranding, please refer to the announcement from the project team.
Deposit and Withdrawal
- Deposit for Fantom (FTM) token will be suspended at 08:00 on January 10, 2025 (UTC).
- Withdrawal service for Fantom (FTM) token will be suspended at 08:00 on January 12, 2025 (UTC).
- Please note that any deposit of FTM token after will not be credited to the account.
- Deposit for S token will open at 08:00 on January 16, 2025.
Token Swap and Redenomination
- FTM tokens will assume the ticker of S for the token swap.
- All FTM tokens will be swapped to S at a ratio of 1 FTM = 1 S to users' spot account.
- FTM token balance snapshot will be taken at 08:00 on January 12, 2025 (UTC).
Spot Trading
- Bitunix will delist FTM/USDT trading pair from spot market at 08:00 on January 10, 2025 (UTC).
- All orders will be automatically removed after trading ceases in each respective trading pair.
- Spot Trading for S/USDT will open at 08:00 on January 17, 2025 (UTC).
Futures Trading
- Bitunix will close all positions on the FTM/USDT USDT-M Perpetual Futures trading pair at 08:00 on January 6, 2025 (UTC). All unfilled orders will be cancelled. FTM/USDT trading pair will be delisted after the settlement is complete. Users are advised to close any open positions prior to delisting to avoid automatic settlement.
- In order to protect users and prevent potential risks in extremely volatile market conditions, Bitunix may undertake additional protective actions toward the FTM/USDT trading pair without further announcement, including but not limited to adjusting the risk limit tiers, maximum leverage value, position value, and maintenance margin rate, updating funding rates, such as the interest rate and funding rate, and using the Last Price Protected mechanism to update the Mark Price.
- A separate announcement will be made regarding the listing time of S/USDT perpetual futures trading pair.
*Risk Warning:
The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. Bitunix attempts to screen all projects before they come to market. However, even with the best due diligence, there are still possible risks when investing. Bitunix is not liable for investment gains or losses.
Regards,
Bitunix Team
December 31, 2024
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