FTM (Fantom) is a cryptocurrency token that powers the Fantom blockchain network, a decentralized platform focused on building a scalable and secure smart contract platform. Here are some key points about FTM:
- Symbol: FTM
- Blockchain: Fantom
- Type: Utility token
- Supply: 3,175,000,000 FTM (maximum supply)
- Price: Around $0.25 (fluctuates due to market conditions)
- Market Capitalization: Approximately $600 million
- Use Cases:
- Smart contracts
- Decentralized applications (dApps)
- Decentralized finance (DeFi)
- Governance
- Payment transactions
- Features:
- High scalability
- Fast transaction speeds (less than 2 seconds)
- Low transaction costs
- Modular architecture
- Decentralized governance
Fantom aims to provide a scalable and secure platform for smart contracts and decentralized applications, with a focus on high performance and low costs. FTM tokens are used to pay for transaction fees, participate in governance, and access decentralized applications on the Fantom network.
Note: Fantom uses a unique consensus algorithm called Lachesis, which is a proof-of-stake (PoS) algorithm that allows for high scalability and fast transaction speeds.$FTM