What is Fantom (FTM)? Complete set of FTM Cryptocurrencies
Description of What is Fantom (FTM)? Complete set of FTM Cryptocurrencies
What is Fantom? Find out the highlights of the Fantom blockchain and the details of the FTM coin's tokenomics right here!
In the last days of August - early September 2021, the Fantom ecosystem became extremely hot because of Andre Cronje's tweets. So what is Fantom? How big is the Fantom ecosystem? Or how to buy, sell, own FTM? Please read the article below to get the answer.
What is Fantom?
Fantom is a platform that uses distributed ledger technology, allowing the construction of dApps that improve the network scaling problems faced by current Blockchain platforms. In essence, Fantom uses the DAG structure, which is not a Blockchain but the same distributed ledger.
Based on the advantages of technology in its Blockchain Fantom. The dev team hopes to be able to apply it to many other areas of life such as: Real Estate , Healthcare , Logistic , etc.
Highlights of Fantom
Fantom has built a new platform model that integrates Directed Acrylic Graph (DAG) technology - this technology is also adopted by a number of projects such as IOTA, Nano, Byteball, and Hedero Hashgraph.
This DAG technology development team combines with Smart Contracts in dApps to create a new Blockchain with some features such as: almost instant payments, low transaction fees (transaction fees around $0.01 for transferring over). between wallets).
So what's outstanding about Fantom's Blockchain technology? We will find out in the next section.
The structure of Fantom
The structure of Fantom includes: Application Layer, OPERA Ware Layer, OPERA Core Layer.
- OPERA Chain: Handles asynchronous events that are not handled by Miners. Of course dApps will benefit from low transaction costs and near-instant transaction times.
- Lachesis Protocol: The Lachesis protocol maintains consensus in the network.
- Story Data: The information that has taken place is managed independently in Story Data. Transactions and Smart Contracts are stored for tracking and management in the chain.
Fantom Ecosystem
Fantom has now become an ecosystem like Solana, Binance Smart Chain, etc., but on a smaller scale. Similar to Kava, Fantom also created its own basic DeFi features and integrated it into Fantom wallet, which are: Liquid Staking, fMint, fLend, fTrade.
Fantom ecosystem not only has Blockchain Fantom, but also has nearly 100 projects.
Details about FTM Coin
FTM rate today
Currently, you can see the price of FTM tokens on Coin98 Markets right here: https://markets.coin98.com/currencies/fantom
Coin98 Markets is a page where you can update real-time prices as well as view detailed information about Token Metric of a project. In more detail, you can visit the homepage and community page of the projects or filter the coins/tokens by Marketcap, Transaction volume,...
FTM Key Metrics
- Ticker: FTM
- Blockchain: Fantom
- Smart Contract: Updating…
- Token Standard: Updating…
- Token type: Utility Token
- Total Supply: 3,175,000,000 FTM
- Circulating Supply: 2,541,152,731 FTM
FTM Token Allocation
FTM Token Sale
Updating…
FTM Token Release Schedule
FARA Token Use Case
FTM coins can be used to:
- Pay transaction fees on Fantom's Blockchain network.
- Stake (at least 1,000,000 FTN) and become Validator nodes that process transactions on the network, receiving transaction fees.
- Fantom Network Administration (officially launched on January 12, 2021)
- Payment currency for Payment systems.
How to earn and own FTM coin
You can earn and own FTM coin by:
- Buy directly on exchanges.
- Become Validator nodes contributing to the system to receive a reward of FTM tokens.
FTM coin exchange & storage wallet
FTM Storage Wallet - Coin98 Wallet
FTM is a coin of Fantom Blockchain, you can store FTM on Coin98 Wallet's Fantom wallet with the following simple steps:
Step 1: At the main interface, select Receive .
Step 2: Enter FTM in the search box.
Step 3: Copy the FTM wallet address and send the FTM token to this address.
FTM Exchange - Coin98 Exchange
You can now trade FTM (in the form of Wrap ERC-20) right on Coin98 Exchange by following the steps below at: https://exchange.coin98.com/
Step 1: Connect the wallet via Coin98 Extension.
Step 2: At the main screen of Coin98 Exchange, select Uniswap .
Step 3: Select Token to trade:
- Search for FTM.
- If the exchange does not display the FTM coin, you can paste the address of the FTM in: 0x4e15361fd6b4bb609fa63c81a2be19d873717870
Step 4: Enter the number of tokens you want to swap.
Step 5: Adjust Gwei gas and slippage (slippage) according to demand, then approve the transaction ( approve ).
In addition, you can also trade FTM coins directly on Coin98 Mobile Wallet with the same operations as above.
Roadmap & Updates
In 2021, it seems that Fantom's goal is to become the Blockchain for CBDC .
The project presented Fantom's advantage in building a CBDC to the ITU (International Telecommunication Union), with its 193 member countries, more than 700 private sector companies and 160 academic institutions.
Project team, investors & partners
Project team
The most prominent member of the team is probably Andre Cronje - an extremely famous character in the Crypto world, and the Founder of the most famous ecosystem DeFi: Yearn Finance .
Investors
Here are some news about investing in Fantom:
- April 27, 2021: HyperChain invests $15M in Fantom.
- February 24, 2021, Alameda Research invests $35M in Fantom, along with becoming a Validator Node in the Fantom network.
Partner
Some outstanding partners of Fantom:
- DAO Maker : One of the first IDO Platforms in Crypto.
- Band Protocol : Project about Oracle in Crypto.
In addition to partners in Crypto, Fantom also has many agreements with national organizations such as:
- May 7, 2021: The Regulatory Authority of Private Educational Institutions of Pakistan (PEIRA) and Fantom signed an MoU (Memorandum of Understanding) to implement custom blockchain enterprise resource planning (ERP) software.
- February 18, 2021: The Afghanistan National Standards Agency (ANSA) and Fantom signed a MoU (Memorandum of Understanding) to implement blockchain and upgrade modern technology.
Similar projects
Solana (SOL) : High performance open source blockchain platform with scalability up to 700,000 TPS and 400ms block time. Solana does not need to apply complex solutions like Sharding (database fragmentation) or Layer 2.
Kava (KAVA) : Blockchain is built in the Cosmos ecosystem on the Cosmos SDK, like Crypto.com, Terra, Binance Chain (not Binance Smart Chain), …
summary
So I have provided you with the latest information from Fantom and FTM.
With such development roadmaps, what do you think the future and potential of FTM will be? Is FTM a good project to invest in? Please share your comments below to discuss with Hay Mod Game!
