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Sonic (S) previously Fantom (FTM) is a cryptocurrency made by Ahn Byung Ik in 2018. It is a Directed Acyclic Graph (DAG) based Smart Contract platform that aims to build the next IT infrastructure backbone for Smart Cities. The Sonic DAG platform is based on the Lachesis Protocol but is further optimized by introducing a permissionless network – the Fantom OPERA Chain – for dynamic participation.
Differing from blockchain, Sonic is a DAG-based distributed ledger technology stack that aims to solve the scalability issues of today’s distributed ledgers. The project is incorporating new methods of scalability combined with a high-performance virtual machine to safely and securely execute smart contracts.
Sonics’s tagline is “The Nervous System for Smart Cities”. With this in mind, Fantom aims to innovate and provide IT infrastructure in the following sectors: public utilities, smart living, healthcare, education, traffic management, resource management, and environmental sustainability. The Fantom DAG platform intends on innovating these sectors by creating an interoperable ecosystem which allows real-time transactions and data sharing with low cost. Additionally, Fantom intends making all transaction bodies around the world compatible between each other by using fast DAG technology that can be deployed at scale in the real world.
The Sonic (S) token has a maximum supply and a current circulating supply of 3,175,000,000 S. Previously, the Fantom platform has adopted an inflationary model to expand the ecosystem with an initial 5% annual inflation rate. The rate is said to decrease as more users join the network and 20% of total inflation is intended to be used for rewards and incentives for Fantom platform users. As for the token distribution, 40% of tokens were sold in the ICO, 30% are reserved for market development, 15% were distributed to advisors and contributors, and 15% is held by the Fantom team and founders.
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28 Jun 2022 2 minute read 0 comments Krystal Wallet
Thank you for the overwhelming support for our previous Learn & Earn with Klaytn. We’re excited to give you the opportunity to earn FTM tokens with our latest campaign! Details Duration: 29 June 2022 to 1 July 2022 (Snapshot will be taken on 2nd Jul...
19 Feb 2022 1 minute read 0 comments Angel Quijada
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8 Jan 2022 1 minute read 0 comments Hilteezy
8 Jul 2021 1 minute read 0 comments Manuif
23 Jun 2019 1 minute read 0 comments CryptoStation
Current Price : 225Buyzone : Close to 220 as possibleSellzone : 235-260-275Holdzone : 480Buyback : 190https://www.tradingview.com/chart/FTMBTC/fXaaEsXa-Fantom-Bitcoin-June-23-FTM-FTM-BTC-BTC/Telegram : https://t.me/cryptostationchannel
1 Dec 2024 3 minute read 0 comments brando28
Happy Sunday, crypto enthusiasts! A couple of years ago, during the Luna crash, I was also very active on the Fantom network. The chain had its ups and downs, but if I remember correctly, some talented people were working there, and Fantom has rema...
20 Jan 2022 1 minute read 2 comments Eoz1122
-ALERT- There are no referral codes shared in this post. It is purely sharing the information purposes :) There are a few projects where the founders of the projects have said explicitly that there wi...
10 May 2024 1 minute read 0 comments From0To10K
Today marks the launch of an exciting new airdrop campaign by the relatively lesser-known project retreeb_io. This provides a golden opportunity for early adopters to gain a head start over others. For those looking to cut to the chase and save time,...
