FTM

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.

Pros and Cons

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.

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.

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.

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.

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.

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.

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.