released when Sonic starts. It is said that it will be exchanged 1:1 with the FTM token. My question is, is FTM no longer going to be worth anything? If the token is worth less than the current price of FTM, all these increases would have been in vain. Someone smarter than me explain it to me.
you can check Matic to POL does matic are worthless now ?
Matic is worth more than POL, if you had to exchange him 1:1 you would lose money.
FTM will still be the native coin for FTM Sonic. Nothing changes, except that FTM will become much much more valuable.
how is matic worth more than pol ?
Didn't you have the answer already?
1 Matic = 0,9949 USD, 1 POL = 0,9888 USD
FTM Sonic will still use same $FTM It’s not like Matic to POL migration
Ok thanks, we'll still wait and see if it suits. Thanks for the help.
That’s probably rate difference on exchanges. Polygon foundation must have native bridge to migrate Matic to POL at 1:1 rate.
It is clear why 4000 POL at a value of 0.9888 is not the same as 4000 Matic at 0.9950, when exchanging them, the two tokens must be worth the same, and later we will see if the new token goes up or down.
this is like Tether when you swap USDT on exchange you will not always get $1 because some people are willing to sell at 0.9994 but the price is close to the peg you will be able to swap your 1USDT with 1USD with Tether
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