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Fantom (FTM)

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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.


Staking FTM, easy and great APR?

29 Jun 2020 2 minute read 0 comments Marcus_

Welcome to the Staking and Dividend Systematic Review series. In this series we will analyse different types of cryptocurrencies and their staking/dividend potentials. All posts in this blog will have a similar setup. Every post will begin with this...

Crypto Staking in 2020: An Overview

12 Jun 2020 11 minute read 11 comments Abhijoy Sarkar

Public blockchains involve active participants (miners, validators, node operators etc.) to contribute towards the common goal of strengthening the network and confirming transactions through some sort of distributed consensus algorithm. In simple te...

Parachute Weekly Update: Parachute Crypto League, new assets on Voyager’s Interest Program, Fantom Lachesis now ABCI compatible, CyberFM + Blockchain Radio... – 1 May - 7 May'20

1 Jun 2020 5 minute read 0 comments Abhijoy Sarkar

Hi everyone, it’s been a difficult few weeks for everyone around the world with a constant barrage of sobering news – from COVID-19 to super cyclonic storms to George Floyd. I hope this update offers some much needed respite. Here’s your week at Para...

Parachute Weekly Update: 24 crypto assets live on ParJar fiat on/off ramp, FantomVision PWA, $LINK + Voyager, $GHOST for $ESH Hodlers... – 17 Apr - 23 Apr'20

22 May 2020 5 minute read 2 comments Abhijoy Sarkar

Hiya folks! Hope the shelter-at-home is treating you well. As you might know that the super cyclone Amphan struck Eastern India and Bangladesh day before yesterday. As a result, I went into radio silence for two days. Now that I am back in the grid (...

Parachute Weekly Update: 1 Million ParJar Tips, Fantom.finance, SelfKey Mobile Wallet, Sentivate Social... – 6 Mar - 12 Mar'20

5 Apr 2020 6 minute read 3 comments Abhijoy Sarkar

As Coronavirus (COVID-19) wreaks havoc across the world, we hope that Parachuters are safe, at home and healthy. This has been a difficult few months for everyone. But we will get over it. So let’s spread some good vibes with an update filled with aw...

Parachute Weekly Update: New ParJar Gaming partners, 20k users on 2gether, Fantom moves to Discord, new Shuffle website... – 28 Feb - 5 Mar'20

12 Mar 2020 5 minute read 0 comments Abhijoy Sarkar

Sup peeps! Here’s your week at Parachute + partners (28 Feb - 5 Mar'20):   The latest #FPL update shared by LordHades had an upset this week. Alexis toppled LH to get to first position on the leaderboard. It’s getting uber tight in the top 3 slots. B...

Parachute Weekly Update: Parachute Virtual Race, $XIO buy + burn model, Fantom native wallets, Hydro Events Marketplace... – 3 Jan - 9 Jan'20

24 Feb 2020 6 minute read 0 comments Abhijoy Sarkar

Alright, let's do this folks! Starting today and over the next 6 days I'll be pushing out one weekly update report per day to catch up with the latest. Here’s part I of VII - your week at Parachute + partners (3 Jan - 9 Jan'20):   Mery got redemption...

Parachute Weekly Update: #PARaroundworld – let’s get the word out, $COTI on ParJar, XIO Bonus, Fantom Opera Mainnet... – 27 Dec’19 - 2 Jan'20

2 Feb 2020 4 minute read 0 comments Abhijoy Sarkar

Sup folks! Here’s your week at Parachute + partners (27 Dec’19 - 2 Jan'20):   Firstly, Happy New Year from all of us here at Parachute. We started off the week with a new entrant to ParJar - $COTI. Welcome to the fam! This week’s movie trivia in TTR...

Parachute Weekly Update: Welcome $CALL to ParJar, McAfeeSwap by Switch, Fantom + COTI, MetaMorphPro roadmap... – 20 Dec - 26 Dec'19

30 Jan 2020 5 minute read 4 comments Abhijoy Sarkar

Sup folks! As we continue to catch up with the pending updates, here’s your week at Parachute + partners (20 Dec - 26 Dec'19):   Richi hosted a movie trivia in TTR for a 25k $PAR prize pool. While going through the ParJar stats this week, Cap found t...

Parachute Weekly Update: TTR Hat Contest, XIO Liquidity Program & Social Initiative, Fantom Opera Mainnet, $GET on Hotbit... – 13 Dec - 19 Dec'19

29 Jan 2020 6 minute read 0 comments Abhijoy Sarkar

Sup folks! For the final part of the rapid catch up series of pending updates, here’s your week at Parachute + partners (13 Dec - 19 Dec'19):   Thanks to Trooper George for a masterclass in Uniswap. To read up on it, click here and scroll downwards....