Fantom

What is the Token?

• Fantom (FTM) is the native utility token of the Fantom network, aiming to improve blockchain performance with fast, secure, and scalable solutions for dApps.

• FTM serves various roles within the ecosystem, including network security through staking, governance, payments, and network fee coverage.

Tokenomics

• The total supply of FTM is fixed at 3.175 billion tokens, with a strategic distribution for block rewards, advisors, strategic reserves, and sales.

• FTM’s proof-of-stake model encourages holders to stake tokens for network security and governance participation.

Market Data

As of today 27 December 2024, the price of Fantom is ₹86.21 INR, with a 24-hour trading volume of 342783899.76 USD. The market capitalisation for Fantom is 2556768455.09USD. The circulating supply is 2803634835.53 Fantom, with the total supply also being 3175000000 Fantom.

Token Pros and Cons

Pros:

• Fantom provides high scalability, rapid transaction speeds, and low fees, making it an attractive platform for decentralised finance (DeFi) and payment transactions.

• Its adoption of a proof-of-stake mechanism ensures environmental friendliness by reducing energy consumption.

• The platform supports liquid staking, allowing for DeFi integration and enhancing liquidity within the ecosystem.

Cons:

• Fantom faces stiff competition from established blockchain platforms, which could influence its adoption rate and market penetration.

• The requirement for high resources to run validator nodes on Fantom may restrict decentralisation by limiting participation to those with significant resources.

Why Should You Invest in the Coin?

• Investing in FTM offers potential in the DeFi space thanks to its scalable infrastructure, innovative technology, and a growing dApp ecosystem, though investors should assess risks and conduct market research.

USP of the Coin

• Fantom’s standout feature is its blend of high throughput, scalability, and security, achieved through its aBFT consensus and DAG architecture for cost-effective, speedy transactions.

Problem the Coin is Solving

• Fantom addresses blockchain scalability and speed limitations, offering a high-efficiency platform for dApps and reducing operational costs across various sectors.

Founder and Team Background

• Overseen by the Seoul-based Fantom Foundation, the project draws on significant investment and a consortium of supporters, indicating a robust team and vision, although specific founder details are not provided.

ICO Price

• Launched via an ICO in 2018, raising $2 million at $0.04 per token, Fantom aimed at blockchain scalability and has since secured $40 million in funding, highlighting its strong market potential and utility.

Risks Associated in Investing in the Coin

• FTM investment carries market volatility, regulatory, competition, and adoption risks, necessitating thorough research and risk consideration by potential investors.

Whitepaper Insights

The Fantom whitepaper outlines the project’s vision to build a high-performance, scalable, and secure smart-contract platform that addresses the limitations of existing blockchain technologies. At the core of Fantom’s architecture is the Lachesis protocol, an aBFT consensus mechanism that allows for faster transaction speeds and improved security compared to traditional blockchain systems.

Fantom’s innovative approach combines the benefits of DAG (Directed Acyclic Graph) technology with a robust consensus mechanism to enable near-instantaneous transactions and minimal fees, making it an ideal platform for decentralised finance (DeFi) applications, digital assets, and real-world applications requiring high throughput.

The whitepaper details the technical aspects of the Lachesis protocol, including its ability to achieve consensus without the need for every node to have a copy of the entire chain’s history, thereby significantly reducing the time and resources required to validate transactions. This is achieved through a process of event blocks that are linked together in a DAG structure, allowing for asynchronous processing and validation of transactions.

Furthermore, the whitepaper discusses the tokenomics of the FTM token, highlighting its role in securing the network through staking, governance, and paying for transaction fees. The design of the tokenomics model is intended to incentivise participation and investment in the network, ensuring its long-term viability and security.

The document also explores the potential applications of the Fantom platform, from DeFi and payment systems to supply chain management and IoT. The flexibility and scalability of the Fantom platform are emphasised as key factors that can drive adoption and innovation in various industries.

In conclusion, the Fantom whitepaper presents a comprehensive vision for a next-generation blockchain platform that leverages cutting-edge technology to provide a scalable, secure, and efficient infrastructure for decentralised applications. The project’s focus on improving transaction speeds, reducing costs, and fostering a vibrant ecosystem of dApps positions Fantom as a promising contender in the blockchain space.