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What is Fantom (FTM)?

Fantom basic info

Name:Fantom

Ticker:

FTMBuy now

Introduction:

Welcome to Bitget - the world’s fastest growing crypto derivatives trading platform.

Fantom is a fast, high-throughput open-source smart contract platform for digital assets and D-Apps. In the below article, we will talk about how Fantom is different from other Ethereum killers and its uniqueness.

What is Fantom (FTM)?

Fantom is a smart contract platform popular with De-Fi, business applications and developers, due to the small transaction fees, open-source and speed.

D-App developers are more likely to develop D-Apps on Fantom as it is much faster and cheaper than other Blockchains. If you try to carry out yield farming on Fantom, you may produce a higher return as more transactions can be carried out quicker with cheaper fees.

Fantom is also an open-source platform, allowing developers to move their smart contracts and projects from other Blockchain platforms like Ethereum to the Fantom Opera.

How does Fantom work?

Fantom is a modular Blockchain system. It is supported by the Ethereum Virtual Machine (EVM) and it’s compatible with Ethereum.

Fantom is secured by POS (Proof-of-Stake). Unlike POW (Proof-of-Work), Fantom is more environmentally-friendly as electricity is saved. The consensus mechanism of Fantom can scale to hundreds of nodes, increasing decentralization and security.

It is also a highly transparent Blockchain platform. Based on these principles, the code is open-source and available on Github.

What can FTM token do?

FTM is the native token of Fantom. With FTM, you can do:

Governance: FTM can be used in Fantom's governance, including voting on proposals.
Staking: FTM can be staked and become a validator. A faster node that can confirm more transactions will receive more rewards.
Paying the Network Fee: FTM can be used to settle the payment on Fantom Opera when making transactions or executing smart contracts.

According to the official site of Fantom, the total supply of FTM is 3.175 billion, and 2.1 billion FTM are currently in circulation while the remainder is reserved for staking rewards.

At the moment, FTM is available as native mainnet token, as ERC-20 token, and as BEP-2 token.

How to buy FTM tokens on Bitget?

The simplest way to buy FTM tokens is through cryptocurrency exchanges. You can establish an account with an exchange like Bitget, and then fund the account with fiat by credit card, Apple pay and Google pay.

Click here to check out the latest price of Fantom (FTM)!

Disclaimer: All products and projects listed in this article are not endorsements and are provided for informational purposes only.

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Current price:

$1.01More price details

All-time high:$3.48

All-time low:$0.001953

FTM supply and tokenomics

Circulating supply:2,803,635,000 FTM

Total supply:3,175,000,000 FTM

Max supply:3,175,000,000 FTM

Market cap:$2.83B

Fully diluted market cap:$3.21B

Token allocation:

Investors

41.76%

Premined Rewards & Airdrops

32.75%

Founders & Project

25.49%

Tokenomics:

Uniqueness

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.

Token utility

FTM is the primary token on the Fantom network. $FTM is used for securing the network through staking, governance, payments, and for fees.

Securing the network

The main utility of the $FTM token on Fantom is to secure the network via a Proof-of-Stake system. To participate, validator nodes need to hold a minimum of 3,175,000 $FTM, and stakers need to lock up their $FTM. In return for the service, both the nodes and the stakers are rewarded with epoch rewards and fees.

On-chain governance

$FTM is needed for on-chain governance. Because Fantom is a fully permissionless and leaderless decentralized ecosystem, any decision regarding the network is carried out by on-chain governance. With governance, stakers can propose and vote for changes and improvements. $FTM is the governance token required to participate in the voting process.

Payments

The $FTM token is ideal for sending and receiving payments.

Network fees

$FTM is used for network fees, such as transaction fees and fees to deploy smart contracts or to create new networks. Without a minimum barrier, the network would be an easy target for spam, ultimately hampering the performance and filling the ledger with useless information.

Links

Website:https://fantom.foundation/

Whitepaper:https://fantom.foundation/fantom-research-papers/

X:https://twitter.com/FantomFDN

GitHub:https://github.com/Fantom-Foundation

Buy Fantom for $1Buy FTM now

What is the development prospect and future value of FTM?

The market value of FTM currently stands at $2.83B, and its market ranking is #47. The value of FTM is widely recognized by the market. When the bull market comes, the market value of FTM will likely continue to increase.

Moreover, if FTM can play a greater role in practical applications, such as Fantom builders fully leveraging the potential of FTM, partnering with more businesses, and increasing its user base, the long-term value of FTM will be significantly enhanced.

What will the price of FTM be in 2025?

Based on FTM's historical price performance prediction model, the price of FTM is projected to reach $1.24 in 2025.

What will the price of FTM be in 2030?

In 2030, the FTM price is expected to change by -2.00%. By the end of 2030, the FTM price is projected to reach $2.66, with a cumulative ROI of +161.48%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of FTM and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

FTM price FTM price prediction FTM news

Is FTM worth investing or holding? How to buy FTM from a crypto exchange?

If you want to buy FTM, the following information may be helpful for your investment decisions:

In the last 7 days, the price of FTM has fallen by -28.42%, leading to negative returns for most FTM investors. The market is currently pessimistic about the price trend of FTM.

It is important to note that the current price of FTM has retreated by -70.99% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether FTM is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in FTM or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of FTM, if you want to buy or sell FTM, you can consider Bitget for your trading needs. The best place to buy FTM is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Fantom has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Fantom. Here's a step-by-step guide on how to buy Fantom on Bitget.

Buy FTM now Coin buying guide

How to get Fantom through other methods？

Using cash to buy Fantom is not the only way to obtain Fantom. If you have the time to spare, you can get Fantom for free.

Learn how to earn Fantom for free through the Learn2Earn promotion.

Earn free Fantom by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Fantom airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Fantom through Bitget Convert, Bitget Swap, or spot trading.

What is Fantom used for and how to use Fantom?

The use case of Fantom may expand as the crypto market and the project itself develop. Currently, you can use FTM to achieve the following goals:

Arbitrage by trading FTM: Since FTM is a frequently traded cryptocurrency, the price of FTM is always fluctuating. Earn more FTM by buying low and selling high on the exchange. Bitget spot market provides a variety of FTM trading pairs to fully meet your needs.

Earn by staking FTM: You can also generate income through financial management methods such as staking FTM or lending FTM. Bitget Earn offers a variety of financial products designed to help you earn more income from your FTM.

Send or pay FTM: If you want to give FTM to your friends, a charity, or a fundraiser, or you want to pay someone with FTM, you can quickly and easily send FTM to the recipient through their payment address.

You can also go to the official website of the Fantom project to learn more about the use cases of FTM. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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