Fantom (FTM)

283 Articles 4,205 Followers

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 Fantom 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, Fantom 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. 

Fantom’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 Fantom (FTM) token has a maximum supply of 3,175,000,000 FTM, a total supply of 1,987,133,655 FTM, and a circulating supply of 1,813,658,595 FTM. 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.

Elk Finance: How I Transfer Funds Between Most Chains (Including Cronos)

10 Mar 2022 2 minute read 2 comments Evangelos Tzortzis

Today, I will be discussing my experience with Elk Finance, specifically my experiences in how I transfer and fund my assets on Cronos. Elk Finance is basically a decentralized exchange that operates on many different blockchains. You can yield farm...

GetBlock Adds Fantom (FTM) Nodes to Its API Endpoints Stack

9 Mar 2022 2 minute read 2 comments GetBlock

Fantom, an overhyped smart contracts platform and fourth largest blockchain by TVL, is now added to the stack of API endpoints of GetBlock. Now official: Fantom (FTM) APIs are available for dApps As per the official statement released by GetBlock tea...

How to Risk Free BTC HODL for Long Term By Invest in Tetu Finance's renBTC-BTC liquidity Pool on Fantom and Earn 25% APY

8 Mar 2022 6 minute read 1 comment Charles Gune

I will show you how to invest in Tetu Finance's renBTC-BTC liquidity pool on Fantom blockchain to earn 25% APY. It is great way to HOLD Bitcoin risk free while have your Bitcoin holding grows. If you hold your Bitcoin on centralized Exchange like Co...

Beefy x Fantom

8 Mar 2022 1 minute read 0 comments Cosmonauta

Fantom has a rough week after flight of Andre Cronje, who was a superstar developer on Fantom and founder of many projects of Yearn Finance, Keep3r Network and lately over-hyped Solidly Finance. After his tweet, FTM and other ecosystem coins tanked m...

Fantom DeFi #1 - Earning on Beethoven-X with Statera (wSTA)

8 Mar 2022 2 minute read 9 comments PVMihalache

Lots of questions about earning opportunities since Statera ($STA) was added as a tipping token on Publish0x. Fantom, Statera, Wrapped Statera and Beethoven-X are not DeFi not Mambo-Jumbo ... all those crypto terms are the best method to make your ha...

Blockchain Free Cryptocurrencies - Directed Acyclic Graphs (Simplified)

7 Mar 2022 6 minute read 1 comment kev_nag

Introduction Since the launch of Bitcoin in 2009, cryptocurrency has been associated with the terms ‘blockchain’ or ‘distributed ledger technology’. Since then many cryptocurrencies have been born with most possessing a similar network composition. I...

Fantom (FTM): Major Developers Abandon The Project

7 Mar 2022 1 minute read 2 comments Cryptopeach

Fantom is one of the top blockchains for decentralized applications. Right now it's the fifth blockchain by rank on defillama with 7.19 billion dollars locked on its ecosystem. Some of the highest APY pairs live on this blockchain. On this weekend An...

Statera and Ampleforth Performance Review

7 Mar 2022 1 minute read 1 comment Steve Hodl

I've recently added Statera and Ampleforth to my portfolio and have started to track their performance.  I thought I would share that with you today.  Statera Statera is a smart contract-powered IDT (Indexed Deflationary Token) based on the Fantom pl...

Screw you Ethereum! I'm Going Home!

7 Mar 2022 1 minute read 4 comments NickytheClone

        Thanks to PublishOx's recent adoption of Fantom Network's Statera coin i decided to check out the network. I started with the dApps Spookyswap and Beethoven X. Im impressed with what ive found. I higly recommend checking out Beethoven X's yie...

GetBlock’s Achievements And Successes: February

6 Mar 2022 3 minute read 2 comments GetBlock

This month was quite busy for our team, thus we are extremely excited to share the results of our teamwork! Node version updates There were two of them, so let’s start with the one that was conducted earlier. Our team has successfully updated our BNB...