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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.
Hash Algorithm PoI
Org. Structure Semi-centralized
Development Status On-going development
Open Source Yes
Ahn Byung Ik
CEO / Ph.D
Hyun Woong Jae
Lee Seoung Moon
ICO Start Date Jun 15, 2018
ICO End Date Jun 16, 2018
Total Raised 39,400,000 USD
Hard Cap 39,400,000 USD
Contribution Size Min: 0.2 ETH
Total Supply 3,175,000,000 FTM
Investor Supply 1,270,000,000 FTM
1 FTM = 0.04 USD
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