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Fantom (FTM) Price, Market Cap and Information


Fantom (FTM) Buy Fantom Now
Fantom (FTM) Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm...
CVIX 72
Current price $0.242341
Change 24h -2.78%
Change 7d 7.68%
Market Cap $616 758 905
Available supply 2 545 006 273 FTM
Volume 24h $32 402 907
Updated Tuesday, August 3, 2021 4:00:16PM UTC
Nature Token
Mineable No
Discussion
WWW Website

Fantom price change 24 hours

Fantom Short Term Forecast

After Price Change
1 day $0.275133 13.53%

Fantom Price Predictions

Fantom General Information

General FTM facts, technical details and Fantom Cryptocurrency information

Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.

Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.

The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.

Who Are the Founders of Fantom?


The Fantom Foundation was founded by South Korean computer scientist Dr. Ahn Byung Ik. Currently, the platform’s CEO is David Richardson, former managing CEO at Mid-Ocean Consulting.

The team behind Fantom has extensive experience primarily in the field of full-stack blockchain development, and aimed to create a smart contract platform which privileges scalability, decentralization and security.

According to its official website, Fantom’s team also consists of specialist engineers, scientists, researchers, designers and entrepreneurs. Employees are located throughout the world, matching the ethos of a distributed platform.

What Makes Fantom Unique?


Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts. 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. Through token sales in 2018, Fantom raised almost $40 million to fund development.

How Many Fantom (FTM) Coins Are There In Circulation?


FTM is a proof-of-stake (PoS) token which in fact exists in several incarnations. The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.

The total supply of FTM is 3.175 billion tokens, of which 2,134,638,448 FTM is currently in circulation. The rest will be released subject to a schedule running through 2023.

Staking forms an important part of tokenomics, with a proportion of the supply reserved specifically for staking rewards to users who hold FTM.

How Is the Fantom Network Secured?


Fantom uses a bespoke variety of proof-of-stake algorithm to provide services and secure its network. Known as Lachesis, it is an example of a so-called asynchronous byzantine fault tolerant (aBFT) consensus mechanism. By removing leadership among network participants, Fantom avoids low-cost attack risk, while staking adds further user incentives to secure operations using FTM token holdings.

Where Can You Buy Fantom (FTM)?


Fantom’s FTM token is freely tradeable, and can be found on major exchanges such as Binance, Gate.io and OKEx Korea. FTM exists on several protocols, with ERC-20, BEP2 and Fantom’s own OPERA tokens all circulating.

Fantom Historical Data – 10 days

Date Open, $ Min, $ Max, $ Market cap, $
Jul 25 0.195002 0.187669 0.195153 492 845 925
Jul 26 0.197887 0.197887 0.238855 552 652 778
Jul 27 0.209548 0.201447 0.231727 577 618 085
Jul 28 0.223781 0.216503 0.228400 571 955 981
Jul 29 0.226810 0.224289 0.252125 622 653 328
Jul 30 0.249234 0.232951 0.254847 639 154 215
Jul 31 0.253648 0.245745 0.258970 659 079 058
Aug 01 0.256713 0.252379 0.265536 642 305 717
Aug 02 0.246374 0.239441 0.252994 638 543 072
Aug 03 0.250918 0.242341 0.254349 616 758 905

FTM/USD Price Charts

FTM to USD price chart – 7 days
FTM to USD price chart – 30 days
FTM to USD price chart – 60 days
FTM to USD price chart – 6 months

* Crypto Rating accepts no liability for any errors in the Fantom information, FTM Prices and FTM's Market Cap. For the most up-to-date prices please visit the Fantom's official website.

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