Source: FTMUSD Chart by TradingView
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional proof-of-stake (PoS) algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
Fantom price pumps despite $260M FTM whale selloff
The total value of assets (TVL) locked in Fantom rose by 5% to $506.28 million in the last 24 hours, according to DeFillama data.
Fantom developers to receive up to 15% as revenue from gas monetization
Fantom Foundation has received approval to reduce the burn rate from 20% to 5%, so as to allocate the remaining as reward to high-performing dApps.
Fantom growth in high ‘triple digits’ despite crypto winter
In a yearly review, Andre Cronje said that Fantom's growth has slowed in 2022 compared to previous years, but it's still '"very high."
CryptoSlate Wrapped Daily: Ethereum losses deflationary gains; Andre Cronje reveals how DeFi saved Fantom
Andre Cronje said that Fantom invested about $4 million into DeFi yields and grew its treasury to over $51 million in 2021, crypto exchanges dismiss growing insolvency rumors post-FTX fallout, and much more in this edition of CryptoSlate Wrapped Daily.
Fantom Organization & Team
Ahn Byung Ik
CEO / Ph.D
Hyun Woong Jae
Lee Seoung Moon
Fantom ICO Details
Fantom launched its token sale on Jun 15, 2018 and completed it on Jun 16, 2018. It raised a total of 39,400,000 USD.
The total supply available for purchase during the token sale was 3,175,000,000 FTM.
All images, branding and wording is copyright of Fantom. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. Data is provided by CoinMarketCap, Coinpaprika and TradingView.