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  • How to get money off Fantom? February 20, 2024
    I have about $100 worth of FTM and I want to get this money onto another chain (like Arb). I wanted to use Synapse but they said the FTM bridge was hacked. So how do people get money off Fantom? Do I have to send it to Coinbase and sell it there? Is there any […]
    /u/dymockpoet
  • multichain's latest court hearing February 20, 2024
    ​ Will be putting out an article based on what happened from the hearing, but what I've heard from the lawyers so far is that there is another hearing scheduled for 8 April 2024 that will require an affidavit and an expert to testify on our behalf. I believe the court has requested an expert […]
    /u/Trukky1234
  • Avax_multi February 19, 2024
    Hey what's the deal with avax_multi? It's worth 1/20th of an avax. Please help me understand. submitted by /u/Silly-Dot958 [link] [comments]
    /u/Silly-Dot958
  • What does the community think of Beethovenx BEETS? February 19, 2024
    I'd love to hear the communities thoughts on BEETS token utility apart from governance. And if anyone is bullish on Beethovenx token submitted by /u/Adventurous-Bet-9640 [link] [comments]
    /u/Adventurous-Bet-9640
  • Swap fUSDT to FTM on metamask February 18, 2024
    Hi, it‘s been a while since i looked into my metamask wallet and now i would like to swap my fUSDT to FTM on metamask, i tried to swap it through spookyswap but the outcome of FTM doesn‘t seem to be right at all? Around 300 FTM for 1000 fUSDT? Can someone help me how […]
    /u/Izone95
  • Can't claim and restake my ftm in fantom wallet February 18, 2024
    Hi everyone. I have been staking my FTM in fantom wallet for a couple of years already and I was always able to claim and restake without issues. However, for the last couple of weeks I have been trying to do the same but when I click "confirm" a notice appears "Please, select Opera chain […]
    /u/Egoncalves90
  • if anyone has bep2 tokens. you better get rid of them now because in april they will no longer exist February 16, 2024
    if you have bep2 tokens. you better send them to binance or letsexchange.io and trade them out. because in april bep2 will no longer exist submitted by /u/Trukky1234 [link] [comments]
    /u/Trukky1234
  • Ftm(bep2) stuck in trustwallet February 16, 2024
    My Ftm bag is stuck in trustwallet because cant swap or move it to binance. Is there any ways to do it? submitted by /u/Swimming-Function-44 [link] [comments]
    /u/Swimming-Function-44
  • State of Multichain hack 02-2024 February 14, 2024
    HI All The multichain hack is a hard hit to all ecosystem. After public statment by Fantom Foundation. No news were reported. What do you think about that? ​ submitted by /u/PoRosso [link] [comments]
    /u/PoRosso
  • Transfer BTC from coinbase wallet to Metamask FTM Mainnet February 13, 2024
    Hello, I've been mining BTC this past year and have it all in a coinbase wallet. As I understand it, I need wrapped BTC to transfer to Metamask. I am very comfortable using Metamask Ethereum & Fantom Networks, but not so much with the BTC & coinbse wallet. Can someone help guide me on how […]
    /u/etpower2014

What Is Fantom?

Fantom is a directed acyclic graph (DAG) smart contract network that uses its own bespoke consensus algorithm to render decentralized finance (DeFi) services to developers.

Fantom, uses its native token- FTM, to solve problems associated with smart-contracts, mostly transaction speed, scalability and interoperability.

Fantom is a cryptocurrency that does not use blockchain; rather it uses an innovative directed acyclic graph (DAG).Using its scalability, it can do virtually anything that’s being done today on the internet unlike the blockchains.

Fantom is different from other directed acyclic graph (DAG) platforms like Nano because, it can run smart contracts. Although some of them, like IOTA are just developing a smart contract platform. Fantom is permissionless unlike Hedera and other DAG platforms.

Achievements of Fantom so far:

  • Fantom has finished working on its OPERA core layer development.
  • It has launched a beta Virtual Machine and a Testnet.
  • It’s listed on Binance and other major exchanges.
  • Fantom has completed its Mainnet project.
  • Its price has gradually stepping up from 0.8 cents to 4 cents, thanks mostly to its Binance listing.

The Fantom Foundation oversees the Fantom network and it was launched in 2019 with the aim of overcoming some of the challenges facing the DeFi sphere.

The native PoS powered token is FTM and it’s the backbone of all the transactions within the Fantom’s network.

Team of Fantom (FTM)

Fantom (FTM) is made up of experienced team members drawn from various fields of endeavors. The team consists of scientists, specialist engineers, researchers, designers, full-stack blockchain development experts and entrepreneurs. The team was founded by a South Korean computer scientist Dr. Ahn Byung.

Presently, the CEO of Fantom platform is David Richardson and he was the former CEO Mid-Ocean Consulting.

We have other members of the team that were not captured in this report.

Use Cases of Fantom (FTM)

  • Fantom is a platform you can build your blockchain, run your blazing dApps using SDK or VM.
  • Fantom is the infrastructure backbone for a complex network of devices connected via the Internet of Things (IOT).
  • Fantom could be used as the nervous system for smart cities.
  • It’s being used to secure and run efficient platforms for public utilities, healthcare services, identity storage and host of other utilities.
  • FTM token is used for trading in major exchanges.
  • FTM token is used for all the transactions within the network.
  • Fantom (FTM) is used for fraud mitigation.

Mining of Fantom (FTM)

Mining is carried out in Fantom, using a Proof-of-Stake consensus algorithm to validate transactions and secure the network. The validator stakes his/her FTM and get rewarded with FTM tokens.

FTM tokens are available at the major cryptocurrency exchanges such as Binance, VCC Exchange, OKEx, Bibox and DigiFinex.

Notes for Investors

It has been a progressive journey for Fantom (FTM) in the cryptocurrency space, having being in the steady rise in the crypto market recently.

Fantom (FTM) is presently trading at a unit price of $0.020050 USD (+5.51%), the market cap stands at a value of $42,794,552 USD and the circulating supply is 2,134,397,405 FTM. It’s presently ranks 158th in the cryptocurrency market.

Fantom (FTM) would never be considered a bad investment option considering the above statistics.

Quick Disclaimer:

This report is not in anyway, recommending Fantom (FTM) for investment. The crypto market is presently experiencing instability and it’s quite unpredictable. Please, consider this publication informational, just to educate readers.