Fantom (FTM) | Buy Fantom Now |
---|---|
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm... | |
CVIX | 29 |
Current price | $0.664550 |
Change 24h | -6.32% |
Change 7d | -6.23% | Market Cap | $1 863 154 316 |
Available supply | 2 803 634 836 FTM |
Volume 24h | $109 722 877 |
Updated | Monday, May 13, 2024 4:00:17AM UTC |
Nature | Token |
Mineable | No |
Discussion | |
WWW | Website |
After | Price | Change |
1 day | $0.619910 | -6.95% |
---|
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.
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.
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.
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.
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.
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.
Date | Open, $ | Min, $ | Max, $ | Market cap, $ |
---|---|---|---|---|
May 04 | 0.701606 | 0.692549 | 0.708120 | 1 944 586 937 |
May 05 | 0.693242 | 0.677237 | 0.715378 | 1 989 066 813 |
May 06 | 0.712466 | 0.700996 | 0.746389 | 1 967 541 581 |
May 07 | 0.696765 | 0.685877 | 0.708539 | 1 922 947 951 |
May 08 | 0.675316 | 0.655860 | 0.676774 | 1 847 086 891 |
May 09 | 0.661313 | 0.656317 | 0.718513 | 2 014 448 991 |
May 10 | 0.717311 | 0.703991 | 0.738174 | 1 973 732 641 |
May 11 | 0.716796 | 0.703314 | 0.733938 | 2 006 058 280 |
May 12 | 0.713013 | 0.701869 | 0.724341 | 1 973 510 290 |
May 13 | 0.701528 | 0.664550 | 0.701528 | 1 863 154 316 |
* 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.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 86% | 13 | $61 039.31 | 0.23% | -4.46% | $1 202 325 269 967 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 84% | 20 | $2 887.29 | -1.14% | -7.85% | $346 795 566 863 | ||
3 | USDT | Tether predictions | 93.6% | 1 | $0.999802 | 0.02% | -0.03% | $110 818 098 877 | ||
4 | BNB | Binance Coin predictions | 89.6% | 15 | $588.24 | -0.36% | -0.46% | $86 816 849 926 | ||
5 | SOL | Solana predictions | 84% | 29 | $139.84 | -4.59% | -4.37% | $62 722 389 574 | ||
6 | USDC | USD Coin predictions | 94.8% | 1 | $1.000129 | 0.02% | 0.01% | $33 128 370 342 | ||
7 | XRP | XRP predictions | 87.6% | 14 | $0.492999 | -2.88% | -7.26% | $27 291 995 974 | ||
8 | TON | Toncoin predictions | 71.6% | 55 | $6.86 | -0.71% | 16.16% | $23 821 690 323 | ||
9 | DOGE | Dogecoin predictions | 80.4% | 34 | $0.137101 | -4.59% | -15.56% | $19 779 234 873 | ||
10 | ADA | Cardano predictions | 87.2% | 17 | $0.429396 | -2.53% | -5.95% | $15 314 787 685 | ||
11 | SHIB | SHIBA INU predictions | 77.6% | 46 | $0.000022 | -3.41% | -11.70% | $12 844 823 160 | ||
12 | AVAX | Avalanche predictions | 82% | 33 | $32.29 | -3.84% | -13.23% | $12 319 209 548 | ||
13 | WTRX | Wrapped TRON predictions | 78.8% | 34 | $0.126857 | 0.26% | 5.00% | $11 097 524 700 | ||
14 | TRX | TRON predictions | 79.6% | 34 | $0.126625 | -0.15% | 4.79% | $11 077 292 859 | ||
15 | STETH | Lido stETH predictions | 92% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |
NordFX Copy Trading stands out as a streamlined yet potent avenue for individuals eager to augment their financial capacity. This platform serves as a conduit for veteran traders to gain supplementary profits by marketing their trade signals...
Forex hedging is a risk management strategy that offsets potential losses by taking opposite positions. It involves placing trades that serve as a safeguard against adverse price movements...
More and more countries across the globe offer the option to invest in citizenship and obtain a second passport. This opens the doors to various opportunities like global expansion...
AI machine learning models are a hot topic right now, and ChatGPT is the name on everyone’s lips. Some believe AI will inevitably lead to millions of job losses...
The crypto market cap fell 1.6% in 24 hours to $1.166 trillion. Risk assets in traditional markets came under pressure as the accumulated overheating in equities (especially in techs) accompanied a trigger...
The crypto market has been selling off since Tuesday morning, losing 1.7% to 1.17 trillion in 24h. Bitcoin is down 1.6%, Ethereum is down 1.75%, while the top altcoins are losing between 0.9% for BNB and 3.7% for Solana...
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2024 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.