How to Buy $S Tokens

We’ll use Binance to purchase $S tokens. As the world’s largest crypto exchange, Binance serves over 200 million users and supports 400+ digital assets. It’s known for strong security, deep liquidity, and a user-friendly interface that caters to both beginners and experienced traders. With a flat trading fee of 0.10% for makers and takers, Binance remains a cost-effective option. New users may also qualify for welcome rewards up to $100, and those holding $BNB can enjoy additional trading fee discounts.

Buy $S!

Binance also supports staking for $S tokens, currently offering a yield of 1.04%. For those looking to explore more advanced strategies, the platform provides access to futures, copy, and bot trading. High-risk traders can also access leverage of up to 125x.

Here’s a step-by-step guide on how to buy $S on Binance:

Step 1: To get started, open your browser and navigate to Binance, where you will first need to log in.

Step 2: Now, on the Binance homepage, hover over the “Trade” tab on the toolbar and click on “Spot”.

Step 3: You will now be taken to the Binance Spot platform. Here, on the right pane, go to the search bar, type “Sonic” and select a Sonic (S)/USDT trading pair.

Step 4: The Sonic (S)/USDT chart will now open, and you can buy/sell Sonic (S). Simply scroll down and find the BUY/SELL tools where you can place “Limit” or “Market” orders.

Step 5: To place a BUY order, use the buy tools to set up your $S token buy order.

Step 6: To confirm the order, simply click on the “Buy S” button, and your order will be placed and fulfilled.

Fees When Buying Sonic on Binance

Binance applies a standard trading fee of 0.10% for both makers and takers. So, if you buy $100 worth of Sonic tokens ($S), you’ll be charged $0.10, resulting in $99.90 worth of tokens. However, if you hold Binance’s native token, BNB, you can get a 25% discount on trading fees, reducing the rate to 0.075%—which means you’d only pay $0.075 on a $100 transaction.

How to Transfer $S to a Web3 Wallet (MetaMask)

Many users choose to move their $S tokens from centralized exchanges to a Web3 wallet to gain full control over their holdings and access the Sonic ecosystem. This includes engaging with Sonic DApps, exploring DeFi tools, and participating in on-chain features. Still, it’s important to handle transfers carefully, as even minor errors can result in lost tokens.

Sonic is compatible with EVM-based tools, making MetaMask a suitable wallet for storing and managing your $S tokens. To begin, ensure MetaMask is properly set up with the Sonic network. This configuration is crucial for accessing Sonic’s decentralized services and safely holding your tokens.

Add Sonic to MetaMask

Once your wallet is set up correctly, you can begin transferring your $S tokens securely by following the steps outlined below.

Step 1: To transfer your tokens to a Web3 wallet, hover over the “Wallet” icon in the top-right corner and click on “Overview” from the dropdown.

Step 2: Your Binance wallet will open. Here, click on the “Withdraw” button.

Step 3: On the withdrawal screen, in the “Select Coin” field, select Sonic (S).

Step 4: Now, you need to enter your Web3 wallet’s receiving address. Open your Web3 wallet, copy the receiving address, and then paste it into the “Enter Address” field on Binance.

Step 5: Once you paste the address, Binance will automatically detect the appropriate network. If not, manually select the corresponding network.

Step 6: Now, simply move to the “Withdraw Amount” field, enter the number of Sonic (S) tokens you want to transfer to your Web3 wallet, and then hit “Withdraw”.

You can monitor the status of your transfer by entering the transaction ID (TXN ID) on Sonic Explorer. Once the transaction is confirmed on the blockchain, your $S tokens will show up in your Web3 wallet.

Buy $S!

Sonic Explained

Sonic is a high-performance EVM Layer 1 blockchain built for speed, scalability, and efficient DeFi experiences. Its full compatibility with EVM means developers can deploy Solidity or Vyper applications on Sonic without any changes. The network handles up to 10,000 transactions per second and offers near-instant finality, ensuring fast and reliable interactions.

To drive developer adoption and ecosystem growth, Sonic offers Fee Monetization, where teams can earn up to 90% of the fees their applications generate. It also supports innovation through a 200 million S token Innovator Fund and a separate 200 million S token airdrop, rewarding users from both Fantom Opera and Sonic. Improvements over Fantom Opera include reduced validator expenses, faster node syncing, and live-pruning, which keeps database storage lightweight.

Sonic’s native token, $S, is used for transactions, staking, governance, and validator incentives. Users holding FTM can upgrade to $S on a 1:1 ratio. With the Sonic Gateway, users and developers gain access to deep liquidity via a secure Ethereum bridge equipped with a fail-safe. As the network’s total value locked (TVL) surpasses $500 million, Sonic is emerging as a major blockchain platform, matching Solana’s speed while offering a developer-friendly EVM environment.

Bottom Line

Sonic offers a strong blend of speed, low fees, and EVM compatibility, making it an appealing choice for users exploring DeFi and Web3 applications. Its developer incentives and ongoing ecosystem growth suggest long-term potential. As you buy and transfer your $S tokens, take time to explore staking options and on-chain features to get the most value out of your holdings.

FAQs

1. Can I still buy Sonic tokens on the Fantom network?

Technically, some older Sonic tokens may still exist on Fantom DEXs like SpookySwap, but they are no longer supported by the core team. Be cautious before purchasing.

2. Is Sonic on Fantom the same as Sonic SVM on Solana?

No, they are entirely separate projects. The Sonic built on Fantom was an earlier version, while Sonic SVM is a Solana-native Layer 2 developed by Zeta Labs with different goals and architecture.

3. Where can I see Sonic FTM tokens if I previously bought them?

You can still view your holdings in a Fantom-compatible wallet like MetaMask (using the Fantom network). Check DEXs or portfolio trackers like DeBank for their current (likely negligible) value.