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Reading: Binance Alerts Users About Two Confusing Altcoin Projects
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COINTURK NEWS > Altcoin News > Binance Alerts Users About Two Confusing Altcoin Projects
Altcoin News

Binance Alerts Users About Two Confusing Altcoin Projects

In Brief

  • Binance warns users about two similarly named altcoin projects.

  • Sonic and Sonic SVM serve different purposes and are distinct from each other.

  • Separate trading pages are created to prevent confusion among users.

Ömer Ergin
Ömer Ergin 4 months ago
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Binance, one of the leading cryptocurrency exchanges 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 altcoin 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.

Contents
Differences Between Sonic (S) and Sonic SVM (SONIC)Tagged Trading Pages for Users

Differences Between Sonic (S) and Sonic SVM (SONIC)

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.

Binance Altcoin

On the other hand, Sonic SVM (SONIC) is the first gaming and application-focused altcoin project developed on the Solana $156 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.

Tagged Trading Pages for Users

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.

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.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 17 January, 2025 - 12:05 pm 17 January, 2025 - 12:05 pm
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