Sonic

Sonic SVM

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-alerts-users-about-two-confusing-altcoin-projects/" data-wpel-link="internal">Binance Alerts Users About Two Confusing Altcoin Projects</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/binance-loses-market-share-for-the-seventh-consecutive-time-legal-issues-cause-concern/" data-wpel-link="internal">Binance</a>, one of the leading <a href="https://en.coin-turk.com/okx-withdraws-vasp-license-application-in-hong-kong/" data-wpel-link="internal">cryptocurrency exchanges</a> in the world, has issued a warning to users regarding two similarly named projects: Sonic (S) and Sonic SVM (SONIC). The exchange clarified that these <a href="https://en.coin-turk.com/binance-removes-hook-btc-and-pda-btc-trading-pairs/" data-wpel-link="internal">altcoin</a> projects are distinct from each other and serve different purposes. This precaution aims to prevent potential confusion among traders and ensure they have accurate information regarding their investments.</p> 
<h2 style="text-align: justify" id="strong-differences-between-sonic-s-and-sonic-svm-sonic-strong"><strong>Differences Between Sonic (S) and Sonic SVM (SONIC)</strong></h2> 
<p style="text-align: justify">According to Binance, Sonic (S) is an EVM-based Layer-1 protocol that offers attractive incentives and a robust infrastructure to developers. Previously known as Fantom (FTM), this project has recently rebranded itself as Sonic (S) and is available for both spot and futures trading on the Binance platform.</p> 
<figure id="attachment_424611" aria-describedby="caption-attachment-424611" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-424611" src="https://coin-turk.com/wp-content/uploads/2025/01/Binance-Altcoin-3.jpg" alt="" width="1216" height="518">
 <figcaption id="caption-attachment-424611" class="wp-caption-text">
  Binance Altcoin
 </figcaption>
</figure> 
<p style="text-align: justify">On the other hand, Sonic SVM (SONIC) is the first gaming and application-focused altcoin project developed on the Solana Blockchain. This project has gained attention particularly due to its integration with the TikTok application layer. Binance highlighted that Sonic SVM (SONIC) is exclusively listed for futures trading.</p> 
<h2 style="text-align: justify" id="strong-tagged-trading-pages-for-users-strong"><strong>Tagged Trading Pages for Users</strong></h2> 
<p style="text-align: justify">To enhance user experience and security, Binance has organized separate trading pages for both Sonic (S) and Sonic SVM (SONIC). While Sonic (S) is available for both spot and futures trading, Sonic SVM (SONIC) is only available for futures trades. This measure aims to aid users in making informed trading decisions.</p> 
<p style="text-align: justify">Binance encourages users to delve deeper into the details of both projects and exercise caution while trading. The exchange is committed to taking necessary steps to facilitate informed investments on its platform.</p> 
<p>The post <a href="https://en.coin-turk.com/binance-alerts-users-about-two-confusing-altcoin-projects/" data-wpel-link="internal">Binance Alerts Users About Two Confusing Altcoin Projects</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Binance Alerts Users About Two Confusing Altcoin Projects

Table of Contents

COINTURK NEWS

Other articles published on Jan 17, 2025

Can Ethereum price go to $4K? ETH’s open interest surges as institutions turn bullish

Bitcoin and US stocks see biggest weekly surge since election week

Stop Focusing On BTC! See The Cryptos Ready To Explode

XRP Price Prediction for January 18: What to Expect in the Next 24 Hours

Crypto Exchange WazirX Freezes $3 Million in Stolen Assets Amid Recovery Efforts

MARA mines “Trump 47” block to honor first Bitcoin president

Join our free newsletter for daily crypto updates!