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.

LINK, FTM, DOT, Aave and UNI | Chart Analysis | Going Sideways | 13 MAR

13 Mar 2022 1 minute read 2 comments Joao16

For more content like this tip me if you can! thank u :)     DOT Analysis DOT is holding very nicely on the 16$ support but is at the same time getting a good resistence, because of that and because BTC is also goind sideways i would say this month i...

Statera Volatility Continues

13 Mar 2022 1 minute read 14 comments Steve Hodl

If you are like me and have Statera in your portfolio, you would have been concerned with the recent price action on Statera. After the huge rise in February, we seem to be experiencing a sharp pullback in March. In the last 2 weeks, we have had a...

How To Maximize Your USD Staking Rewards - Avalanche, Beefy Finance & Ripae

12 Mar 2022 1 minute read 1 comment Cryptofab

If you have some USD available, you are probably searching for the best staking rewards. A well-known DeFi protocol is Anchor on Terra blockchain, backed by LUNA. However, as you may know, there is a risk of decrease of the yield (currently 19.5% APR...

SCREAM: Another Scary Lending Protocol on Fantom

12 Mar 2022 3 minute read 0 comments 2sats

*obligatory not financial advice*   What is SCREAM? SCREAM is a DeFi application on the popular Fantom blockchain. It is a lending protocol that was inspired by Aave and Compound and it is competing with Geist Finance, which is also a lending protoco...

Top 3 Fantom DeFi Platforms (March Edition)

12 Mar 2022 1 minute read 0 comments S1mple Finance

What is DeFi? DeFi stands for decentralized finance. The first decentralized finance platforms have launched on Ethereum blockchain few years ago. Now, DeFi platforms are built and operate on more than 10 blockchain networks. Today, we are going to t...

SpookySwap - AMM on Fantom

12 Mar 2022 1 minute read 0 comments ChainStats

What is SpookySwap? SpookySwap is a decentralized exchange, built on Fantom blockchain. It has all the needed DeFi services in one place. Join us on Patreon:  SpookySwap Features With SpookySwap, users can: Trade - buy...

Fundamentals and Patience always pay. The rainSpirit example

12 Mar 2022 2 minute read 0 comments Crypto_Lemon

Hi HODLers, For once, I can brag about having picked a good trade that made sense. I decided to act on it. All of the following happened on the Fantom Network. The idea This trade was simple, rainSpirit, a locked governance token of $Spirit develope...

Update – Modest Accumulation Continues

11 Mar 2022 3 minute read 2 comments Sapphire

Bull Or Bear? To be honest, it is still a very debatable topic, and the fact that there is uncertainty perhaps points to neither. I have been watching the price action fairly closely in the hope that this current wonky inverse head and shoulders patt...

Fantom - A Great Opportunity!

10 Mar 2022 3 minute read 7 comments Sapphire

It’s All About Your Perspective The recent news regarding Andre Cronje and his decision to call it quits has hit Fantom fairly hard. However, it is not as bad as you may think. I began accumulating FTM again at approximately $1.35, which turned out t...

Beethoven X Yield Farming on Fantom Network

10 Mar 2022 2 minute read 2 comments NickytheClone

      Alright, fellow crypto enthusiasts, today I want so share with you some information on a wonderful group of yield farms on the Fantom Opera Network. The platform is called Beethoven X. But first let me give you a basic rundown of some of the Fa...