FTM
Reputation Ratings

FTM

Fantom 5-10 years
Website https://fantom.foundation/
Browser
OTH RELPs
Github
White Paper
Avg Price
+4.61%
1D

$ 0.397 USD

$ 0.397 USD

Market Cap

$ 2.6875 billion USD

$ 2.6875b USD

24h trading volume

$ 371.588 million USD

$ 371.588m USD

7d Vol

$ 2.5438 billion USD

$ 2.5438b USD

Circulating supply

2.8036 billion FTM

Related information

Issue Time

2018-10-29

Platform pertained to

--

Current price

$0.397USD

Market Cap

$2.6875bUSD

Volume of Transaction

24h

$371.588mUSD

Circulating supply

2.8036bFTM

Volume of Transaction

7d

$2.5438bUSD

Change

24h

+4.61%

Number of Markets

675

Github Messages

More

Warehouse

None

Github's IP Address

[Copy]

Codebase Size

0

Last Updated Time

2015-04-09 19:38:43

Language Involved

--

Agreement

--

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Historical Price

Introduction

Markets

3H

+6.57%

1D

+4.61%

1W

+20.55%

1M

+48.96%

1Y

+42.47%

All

+1125.3%

Aspect Information
Short Name FTM
Full Name Fantom
Founded Year 2018
Main Founders Dr. Ahn Byung Ik fd
Support Exchanges Binance, OKX, KuCoin, and many others
Storage Wallet fWallet, Ledger, Metamask, and others supporting ERC20 tokens

Overview of FTM

Fantom (FTM) is a South Korea-based blockchain platform project that was introduced in 2018. It was founded by Dr. Ahn Byung Ik and it aims to provide a seamless experience to create smart contracts for advanced users. As a high-performance, scalable, and secure blockchain platform, Fantom is designed to overcome the limitations of previous generation blockchain platforms.

Fantom is differentiated by its innovative token model and a consensus algorithm—which is highly scalable, quick, and is also supposed to be secure. It also proposes to implement a new protocol known as the “Lachesis Protocol” to maintain consensus within the network.

FTM, the native utility Defi token of the Fantom platform, can be traded on prominent exchanges such as Binance, KuCoin, and OKX among others.

For secure storage, FTM tokens can be held in wallets that support ERC20 tokens. This includes wallets such as fWallet, Ledger, and MetaMask, among others.

To obtain more information, you can visit their website:https://fantom.foundation/ and try to log in or register to use more services.

Overview of FTM

Pros and Cons

Pros Cons
High scalability Relatively new and unproven
Faster transaction speed Vulnerability to potential technology issues
Supports creating advanced smart contracts Security concerns inherent to all cryptocurrencies
Ability to hold tokens in diverse wallets supporting ERC20 Dependent on market situations
Innovative token model and consensus algorithm

Pros:

1. High Scalability: Fantom's unique consensus algorithm allows the platform to handle a large number of transactions simultaneously, making it highly scalable. This could be beneficial for businesses and individuals who need to process large transactions quickly.

2. Faster Transaction Speed: FTM tokens can be transacted in a matter of seconds. This is a significant advantage for users who are in urgent need of speedy transactions and cannot afford long waiting times associated with traditional banking systems or even some other cryptocurrencies.

3. Supports Advanced Smart Contracts: Fantom's platform supports the creation and deployment of advanced smart contracts. This allows developers to create more complex decentralised applications (dApps), making the platform more versatile for software development.

4. Innovative Token Model and Consensus Algorithm: The Fantom platform features a new token model and a unique consensus algorithm, both of which help improve the system's efficiency and transaction speed.

5. Ability to Hold Tokens in Diverse Wallets Supporting ERC20: FTM tokens can be held in various wallets that support ERC20 tokens. This offers users plenty of options for secure and convenient storage of their tokens.

Cons:

1. Relatively New and Unproven: As a comparatively new project, Fantom is yet to establish a strong record of consistent performance and stability. Investors may therefore consider it a risky proposition.

2. Vulnerability to Potential Technology Issues: Like any technology-dependent platform, Fantom may have to battle glitches, bugs, or software failures. This could disrupt smooth operations and potentially result in losses for token holders.

3. Security Concerns Inherent to All Cryptocurrencies: Like all cryptocurrencies, FTM also faces potential security risks, including external hacks, fraudulent actions, or internal breaches. Though precautions are in place, maintaining perfect security can be challenging.

4. Dependent on Market Situations: The value of FTM tokens, like other cryptocurrencies, is largely dependent on market conditions which are highly volatile and unpredictable.

What Makes FTM Unique?

Fantom introduces several innovative aspects that differentiate it from many other cryptocurrencies. One of the main innovations is its unique consensus algorithm known as the Lachesis protocol. This new protocol reportedly allows for a greater number of transactions to be processed simultaneously, enhancing the overall scalability of the platform.

Another distinguishing factor of Fantom is the high transaction speed. Due to its efficient consensus algorithm, Fantom transactions can reportedly be confirmed in a matter of seconds, significantly reducing latency compared to many traditional blockchain platforms. This could potentially make it a favorable option for decentralized applications requiring quick and efficient processing times.

Furthermore, Fantom's compatibility with smart contracts enables more complex applications to be built on its platform. The platform has set out to provide an environment where developers can create advanced smart contracts, aiming to broaden the usability scope of its network.

Lastly, FTM, the native token of the Fantom platform, can be stored on any wallet that supports ERC20 tokens. Unlike some other cryptocurrencies that require a specific wallet for their tokens, this gives users flexibility regarding their choice of storage, making the token more user-friendly to a wide range of users.

However, it's important to note that while these features distinguish Fantom from other cryptocurrencies, it also means it faces challenges and competition unique to its design and ambitions. As with every cryptocurrency, potential investors are advised to thoroughly research and consider all aspects before making their decision.

Market & Price

Coin airdrop

A Fantom (FTM) airdrop is a distribution of free FTM tokens to a large number of recipients. Airdrops are often used to promote a new cryptocurrency or project, or to reward existing users. To be eligible for an airdrop, you will typically need to meet certain criteria, such as holding a certain amount of another cryptocurrency or completing a task.

In the past, there have been several FTM airdrops. For example, in 2020, there was an airdrop of 100 FTM to each Ethereum address that had held at least 0.1 ETH for a certain period of time. There have also been several airdrops of FTM to users of DeFi protocols.

Airdrops can be a great way to get free cryptocurrency, but it is important to do your research before participating in one. Make sure that the project behind the airdrop is legitimate and that there are no risks involved. You should also be aware of the tax implications of receiving an airdrop.

Price of FTM

The total supply of FTM is 3.17 billion tokens. As of 2023, the circulating supply is 2.7 billion tokens.The issuance of FTM is scheduled to follow an exponential curve, with the total supply capped at 3.17 billion tokens. This means that the issuance of FTM will slow down over time. The price of FTM has fluctuated significantly in recent years. The high price of $3.44 USD was reached in October 2021. The low price of $0.29 USD was reached in July 2022.

Exchanges to Buy FTM

Fantom's FTM tokens can be purchased on numerous cryptocurrency exchanges. Some of the notable ones include:

1. Binance: As one of the largest and most popular cryptocurrency exchanges globally, Binance supports FTM trading with pairs including FTM/BTC, FTM/ETH, FTM/USDT, FTM/BUSD, and more.

Step Action Details
1 Register on Binance Sign up on Binance via app or website. Verification required for Fantom and other crypto transactions.
2A Register via Binance App Sign up on the app using email and mobile for easy Fantom access.
2B Register via Binance Website Sign up on the website with email and mobile for Fantom transactions.
3 Choose Fantom Purchase Method Click “Buy Crypto,” explore options for buying Fantom. Consider stablecoins for better compatibility.
4A Buy with Credit/Debit Card Easiest for new users. Binance supports Visa and MasterCard. Follow instructions for seamless Fantom purchase.
4B Buy with Bank Deposit Transfer fiat via SWIFT, then buy Fantom on Binance. Follow provided instructions.
4C Buy with Third Party Payment Explore available payment channels in Binance FAQ for convenient Fantom purchases.
5 Check Payment Details Confirm order within 1 minute. Order recalculates based on current market price. Click Refresh to view the updated amount.
6 Store or Use Fantom Post-purchase, store in Binance or transfer. Trade, stake on Binance Earn, or explore Trust Wallet for decentralized exchanges.

Buying link: https://www.binance.com/en-DB/how-to-buy/fantom

2. KuCoin: Noted for its extensive range of cryptocurrencies, KuCoin provides trading pairs such as FTM/BTC and FTM/USDT.

Step Action Details
1 Create KuCoin Account Sign up with email/phone, set a strong password for KuCoin access.
2 Secure Your Account Set Google 2FA, anti-phishing code, and trading password for added security on KuCoin.
3 Verify Your Account Complete identity verification by entering personal info and uploading a valid Photo ID on KuCoin.
4 Add Payment Method Link credit/debit card or bank account after verifying your KuCoin account for seamless transactions.
5 Buy Fantom (FTM) Explore payment options on KuCoin, follow instructions for purchasing Fantom (FTM).

Buying link: https://www.kucoin.com/how-to-buy/fantom

3. Kraken: Another prominent international exchange, Kraken, also provides FTM trading. Available trading pairs typically include FTM/BTC, FTM/ETH, FTM/USDT, and others.

4. OKX: This exchange offers multiple FTM trading pairs including FTM/BTC, FTM/USDT, FTM/ETH, and more.

5. Bitsmap: On BitMax, users can purchase FTM tokens using available trading pairs like FTM/USDT.

6. Gate.io: On this exchange, FTM can be traded with several pairs such as FTM/USDT and even FTM/BTC.

7. Bittrex: This American crypto exchange allows users to buy FTM with pairs including FTM/BTC, FTM/ETH and FTM/USDT.

8. MEXC: MEXC provides trading pairs for FTM such as FTM/USDT.

9. Bithumb: One can trade FTM on Bithumb using tailor-made pools and pairs, depending on the liquidity providers.

10. Uniswap (V2): Being a decentralized exchange, Uniswap supports the trading of FTM through a variety of pairs created by liquidity providers.

Please note, the available trading pairs might vary depending on the exchange and market conditions. Therefore, it is always a good idea to visit the exchange's website to see the most recent options. Additionally, transaction fees, withdrawal limits, and other trading conditions differ from one platform to another, so it's essential to review these factors before making a decision.

Exchanges

How to Store FTM?

Fantom (FTM) is an ERC-20 token, which means that it can be stored in any wallet that supports ERC-20 tokens. Some of the most popular wallets that support FTM include:

MetaMask: MetaMask is a popular browser-based wallet that supports a wide variety of ERC-20 tokens, including FTM. It is easy to use and has a user-friendly interface.

fWallet: fWallet is a mobile wallet that is specifically designed for the Fantom ecosystem. It is easy to use and has a number of features that are specifically designed for Fantom users, such as the ability to stake FTM tokens.

Ledger: Ledger is a hardware wallet that is considered to be one of the most secure wallets available. Hardware wallets store your private keys offline, which makes them much more secure than software wallets.

Trust Wallet: Trust Wallet is a popular mobile wallet that supports a wide variety of ERC-20 tokens, including FTM. It is easy to use and has a number of features that are specifically designed for mobile users, such as the ability to swap tokens directly within the wallet.

FTM is also supported by a number of other wallets, including Coinbase wallet, MathWallet, Exodus, BitKeep etc.

When choosing a wallet to store your FTM tokens, it is important to consider your security needs and your budget. If you are looking for the most secure option, then a hardware wallet such as Ledger is a good choice. If you are looking for a more user-friendly option, then a software wallet such as MetaMask or Trust Wallet is a good choice.

No matter which wallet you choose, make sure to back up your private keys. This is the most important step you can take to protect your FTM tokens.

How to Store FTM?

Is It Safe?

Fantom is considered a safe investment due to its strong security features, including its trustless and leaderless Proof-of-Stake network and its EVM compatibility. These features make Fantom a viable alternative to Ethereum for deploying and running decentralized applications.

Additionally, Fantom's fast transaction speeds and low transaction costs make it an attractive option for users and developers alike.

However there is always some risk associated with investing in cryptocurrency which is inherent for blockchain technology.

Is It Safe?

How to Earn FTM?

Here are the top 5 ways to earn FTM:

Staking FTM: Staking is the process of locking up your FTM tokens to help secure the Fantom network. In return for staking your tokens, you will earn rewards in the form of FTM tokens. The current APR for staking FTM is around 10%.

Playing games on Fantom: There are a number of games on Fantom that allow you to earn FTM tokens by playing the game or completing tasks. Some popular games that offer FTM rewards include Fantom Clash, CryptoFadz, and Fantom Ghosts.

Creating and selling assets on the Fantom NFT marketplace: The Fantom NFT marketplace is a great place to create and sell your own NFTs. If you have creative skills, you can create and sell your own NFTs on the marketplace in exchange for FTM tokens.

Providing liquidity to FTM pools on decentralized exchanges (DEXs): DEXs are decentralized exchanges that allow you to trade cryptocurrencies without the need for a centralized intermediary. You can provide liquidity to FTM pools on DEXs in exchange for a portion of the trading fees.

Participating in governance: FTM token holders can participate in governance by proposing and voting on changes to the Fantom network. If you are interested in helping to shape the future of Fantom, you can earn FTM tokens by participating in governance.

In addition to these five methods, there are a number of other ways to earn FTM, such as participating in airdrops, completing surveys, and writing articles about Fantom.

It is important to note that there is no guaranteed way to earn FTM, and the amount of FTM you can earn will vary depending on the method you choose. However, by participating in a variety of activities, you can increase your chances of earning FTM tokens.

Here are some additional tips for earning FTM:

- Do your research before participating in any earning opportunity. Make sure that the project is legitimate and that there are no risks involved.

- Start small. Don't invest more than you can afford to lose.

- Be patient. It may take some time to earn a significant amount of FTM.

- Diversify your earning methods. Don't rely on just one method to earn FTM.

-Stay up-to-date on the latest news and developments in the Fantom ecosystem.

By following these tips, you can increase your chances of earning FTM and becoming a part of the Fantom community.

    How to earn FTM?

Conclusion

Fantom (FTM) is a unique blockchain platform introduced in 2018, notable for its high scalability, fast transaction speed, and support for advanced smart contracts, thanks to its Lachesis protocol. It seeks to overcome limitations of previous-generation blockchain platforms while offering a development environment for decentralized applications.

FTM, the native token of Fantom, is readily tradable on major exchanges such as Binance, OKX, KuCoin among others, and can be stored in any wallet that supports ERC20 tokens.

Looking at the development prospects, the Fantom project continues to evolve its technology and forge strategic partnerships. If these developments result in mass adoption of the Fantom platform or enhance the utility of FTM tokens, there could be potential for growth and appreciation of FTM.

However, it's also important to consider the risks involved with investing in cryptocurrencies. FTM, like other cryptocurrencies, is subject to market volatility and can be impacted by factors such as technological vulnerabilities, regulatory challenges, and competition with other cryptocurrencies. Thus, while FTM may have potential for profitability, it is not guaranteed and should be considered a high-risk investment. Prospective investors are strongly encouraged to conduct thorough research and consult with a financial advisor prior to making any investment decisions.

FAQs

Q: What kind of blockchain project is Fantom (FTM)?

A: Fantom is a South Korean blockchain platform designed for high-performance, scalability, and secure transactions, while also supporting the development of advanced smart contracts.

Q: What is the Lachesis protocol that Fantom uses?

A: The Lachesis protocol is Fantom's unique consensus mechanism that allows for increased transaction speed and scalability.

Q: Where can I trade Fantom's FTM tokens?

A: FTM tokens can be traded on multiple cryptocurrency exchanges including Binance, OKX, KuCoin and others.

Q: Can FTM tokens be stored in any wallet?

A: Yes, since FTM tokens are ERC20 tokens, they can be held in any wallet that supports this standard, including fWallet, MetaMask, Ledger, and Trust Wallet.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

User Reviews

More

19 ratings

Participate in evaluation
summer79877
FTM transaction fees are just too high, it's really unbearable! I hope they can make some changes to this, otherwise it's not attractive to small traders.
2024-02-12 09:18
8
Scarletc
Fantom is a high-performance blockchain platform designed for decentralized applications (DApps) and smart contracts.
2023-11-30 18:37
1
Dory724
Fantom (FTM) has impressive speed and tech, but it's in a crowded market. Keep an eye on it
2023-11-06 22:30
2
leofrost
In my personal review of Fantom (FTM), I find its focus on high throughput and low transaction costs commendable. Fantom's Opera Chain utilizes aBFT consensus, enhancing speed and scalability for decentralized applications. The integration of a DAG-based structure and efforts to foster DeFi adoption contribute to its appeal. Monitoring Fantom's partnerships, community engagement, and ongoing technological developments can provide valuable insights into its growth.
2023-11-24 12:17
5
Lala27
Fantom is one of the fastest and cheapest Blockchain. According to the price prediction of Fantom, the value will increase+5%. This is good for investment
2023-10-27 19:21
6
zeally
Fantom" (FTM) usually refers to the Fantom Opera blockchain and its native cryptocurrency. Fantom is designed to provide fast and scalable blockchain solutions, often used for decentralized applications (DApps) and smart contracts.
2023-12-20 06:34
3
Windowlight
FTM, the native token of the Fantom platform, focuses on scalability and interoperability in the blockchain space. It's gaining attention for its potential in DeFi and NFTs. Stay informed about its developments and ecosystem growth within the crypto industry.
2023-11-06 02:32
5
FX1725172753
FTM is excellent in its volatility, sometimes the price change is completely unpredictable. But on the other hand, experienced traders can use this to their advantage. Phantom proves itself as an innovative cryptocurrency. However, there are also problems - sometimes the wallet is not as secure as it should be.
2024-03-10 06:25
9
faizyab Shahyari
this project is good but now I personally recommend buy it because it's time to buy this let's go 🔥
2023-08-21 14:56
7
FX1133066067
FTM is an excellent cryptocurrency with great potential in the future. User-friendly interface, easy to use. The community is very supportive.
2024-05-14 19:38
1
FX1051643211
I appreciate FTM for its innovation and technological advancement. The coin is based on DAG technology, ensuring fast and low-cost transactions, making it highly practical. Awesome!
2024-03-04 02:08
4
Đại Gia Chân Đất
FTM is an excellent choice with a simple and user-friendly interface. Low transaction fees, very affordable!
2024-01-25 12:44
8
luckba
guys I made a lot of money last year with this coin I hope to earn twice as much in 2025 I've been juggling a lot of tokens to definitely change my life....
2022-10-24 21:52
0
hiLuwivi
An alternative to Ethereum, Fantom is a layer-1 blockchain on which you can stake Fantom (FTM) to earn passive income with crypto holdings
2022-10-24 17:30
0
flo
$FTM such isa potential coins in the future. LFG! 🔥
2022-12-08 09:32
0
Cardona
bullish
2022-10-27 17:25
0
hiLuwivi
An alternative to Ethereum, Fantom is a layer-1 blockchain on which you can stake Fantom (FTM) to earn passive income with crypto holdings
2022-10-25 21:51
0
hiLuwivi
An alternative to Ethereum, Fantom is a layer-1 blockchain on which you can stake Fantom (FTM) to earn passive income with crypto holdings
2022-10-25 21:50
0
luckba
Excellent project for the future.....
2022-10-24 21:56
0

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