How to Transfer FTM from Tradesilvania and Convert it to Sonic
Fantom (FTM) has joined the many crypto projects currently migrating to new tokens or networks.
The Fantom Foundation, issuer of the Fantom (FTM) token, is migrating the cryptocurrency from the Fantom Opera network to the Sonic network. This process also involves a 1:1 token migration from Fantom (FTM) to Sonic (S).
There is no official deadline set for the FTM token migration; however, we recommend completing the migration to avoid a potential situation where FTM may no longer be supported in the future.
Do you have FTM on Tradesilvania Platform?
The following guide will help you migrate to the new Sonic token using the project's official bridge.
The conversion process involves two distinct steps:
- Transferring FTM to a compatible wallet
- Swapping it to Sonic using the project's official bridge
Follow the steps below for a quick and secure conversion.
1. Transferring FTM from Tradesilvania
To transfer FTM from Tradesilvania to an external wallet or another platform:
- Log in to your Tradesilvania account.
- Go to the Portfolio section and select FTM (Fantom).
- Choose the Transfer option and enter the wallet or platform address where you want to send your FTM.
- Specify the amount and enter the destination wallet address.
- Confirm and wait for the transaction to be processed.
Don’t have an external wallet? No Problem. Here’s how you can quickly create a MetaMask wallet and add the two networks required to convert FTM to Sonic, as explained in Step 2:
- Go to metamask.io and download the app for your browser (Chrome, Firefox, Edge) or mobile device (iOS, Android).
- Open MetaMask and click "Create a Wallet."
- Accept the terms and conditions and set a strong password.
- Save your Secret Recovery Phrase (Seed Phrase) – MetaMask will generate a 12-word secret phrase. Write it down and store it safely!
- Confirm the phrase to finish the setup.
- Add the two custom networks in MetaMask by following this guide:
For the Fantom Opera network, use the following details:
- Network Name: Fantom Opera
- RPC: https://rpc.ftm.tools/
- ChainID: 250
- Symbol: FTM
- Block Explorer: https://ftmscan.com
For the Sonic network, use the following details:
- Network Name: Sonic Mainnet
- RPC: https://rpc.soniclabs.com
- ChainID: 146
- Symbol: S
- Block Explorer: https://sonicscan.org
Now that your wallet supports both networks, it’s time to transfer FTM from your Tradesilvania account to your external wallet as follows:
- Open MetaMask and select the Fantom Opera custom network.
- Copy the address and use it in the withdrawal process from the Tradesilvania platform. Here’s how you can do that:
https://tradesilvania.com/en/frequent-questions/digital-wallet/how-do-i-transfer-coins-to-an-external-wallet
Important: Be careful with the address — it must be copied correctly. If you enter the wrong address, you risk losing your cryptocurrency.
In just a few minutes, your FTM from Tradesilvania should be available in your new crypto wallet.
2. Converting FTM to Sonic
Once you have FTM in your wallet, you can swap it for Sonic on their official platform. Access the Sonic Labs upgrade portal and connect your MetaMask wallet.
- Sonic Labs upgrade portal
- How to connect MetaMask to a dApp
- Confirm the conversion – swap FTM for Sonic (S) at a 1:1 ratio.
Choose the amount of FTM you want to upgrade to Sonic (S).
Click Upgrade.
After completion, Sonic will appear in your wallet. If you don’t see it in your MetaMask wallet, make sure to select the custom Sonic network.