How to Buy Sonic (prev. FTM) on CEX.IO

Purchasing Sonic (previously known as FTM) on CEX.IO involves a straightforward process. CEX.IO is a comprehensive platform for cryptocurrency trading, supporting various payment methods. Here’s how to buy Sonic on this exchange in just a few steps:

1. Create an account on CEX.IO by providing your email and setting a secure password.
2. Complete the identity verification process, which might include providing personal information and documents.
3. Fund your account. You can use various payment methods such as bank transfers, debit cards, or credit cards.
4. Once your account is funded, navigate to the 'Market' section and search for Sonic.
5. Select the amount you wish to purchase and click on the 'Buy' button to confirm your transaction.

What is Sonic (prev. FTM)?

Sonic, formerly known as FTM, is a cryptocurrency that operates on a decentralised network. It is primarily recognised as a token within the blockchain ecosystem. Sonic plays a critical role in facilitating transactions, supporting smart contracts, and contributing to the decentralised finance (DeFi) landscape. Its core purpose revolves around enhancing scalability and delivering efficient transaction solutions.

How Does Sonic Work?

Sonic functions based on a unique technology that includes a high-performance blockchain architecture. It employs a consensus mechanism known as Directed Acyclic Graph (DAG), which allows for faster and more efficient validation of transactions compared to traditional blockchains. This system reduces congestion while increasing processing speed, ultimately enabling users to transfer funds with minimal delays. The architecture is built to accommodate various applications, making it suitable for a diverse range of use cases.

Utility and Use Cases

Sonic serves multiple purposes within its ecosystem. Users leverage it for fast and low-cost transactions, making it particularly appealing for DeFi applications and peer-to-peer transfer scenarios. Developers can also create decentralized applications (dApps) that utilise Sonic's capabilities for executing smart contracts. This versatility enables Sonic to cater to businesses, individual investors, and developers, showcasing its broad applicability in the digital asset space.

Facts and Unique Selling Points

Sonic stands out due to its performance-driven approach and innovative technology. Historically, it has achieved significant milestones, particularly in optimising transaction speeds and costs. Partnerships with various DeFi projects have facilitated cross-platform compatibility, enhancing its utility. The transition from FTM to Sonic signifies a strategic rebranding aimed at expanding its market reach and improving user experience. Moreover, its active community contributes to ongoing development, ensuring that Sonic remains relevant in a competitive landscape. Regular updates and improvements help maintain its position as a leading player in the blockchain sector. In summary, Sonic (previously FTM) represents a forward-thinking approach to cryptocurrency, characterised by innovative technology and a diverse range of applications. Whether you are an investor, developer, or simply curious about cryptocurrencies, Sonic offers an engaging opportunity to explore the evolving digital asset landscape.