Fantom (FTM): Price, Charts and Market Cap

Fantom Fantom website
Symbol FTM
Nature Token
Brief Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm...
Discussion https://fantom.foundation/
Last updated: Wednesday, January 27, 2021 12:00:02AM UTC
Crypto Volatility Index (CVIX): 73
Current price, USD: 0.072710
Market capitalization, USD: 185 048 194
Available supply: 2 545 006 273 FTM
Volume 24 hours, USD: 65 556 683
Mineable No

Fantom general information

General FTM facts, technical details and general information about Fantom crypto currency


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.

Historical data for Fantom

We list daily Fantom historical data for the past 10 days

Date Open, $ Min, $ Max, $ Market cap, $
Jan 18 0.029890 0.028720 0.031280 74 627 027
Jan 19 0.029600 0.028800 0.030800 74 100 818
Jan 20 0.028370 0.026520 0.028630 71 220 558
Jan 21 0.028570 0.025950 0.028810 67 564 455
Jan 22 0.026310 0.025200 0.027950 68 465 551
Jan 23 0.026910 0.026910 0.041140 104 704 398
Jan 24 0.040680 0.039960 0.056840 137 581 626
Jan 25 0.055840 0.052850 0.063480 135 879 442
Jan 26 0.052310 0.050910 0.070480 179 377 149
Jan 27 0.072710 0.072710 0.072710 185 048 194

FTM/USD Exchange Rates


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

Fantom

Fantom (FTM) price change (24h)

FTM price change 24 hours 36.07%
FTM price change 7 days 149.93%

Fantom (FTM) Short Term Forecast

After Price Change
1 day $0.117050 60.98%
1 week
1 month
6 months
1 year
Fantom Price Prediction

Fantom Comments & Reviews

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