$FTM

This public chain is currently super cheap

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Very good public chain

Fantom Coin (FTM for short) is the native cryptocurrency of the Fantom blockchain platform. Fantom is a high-performance, scalable and secure blockchain platform designed to solve the scalability and speed issues in traditional blockchain technology. Fantom uses a consensus mechanism called Lachesis, a leaderless Byzantine fault-tolerant protocol designed to provide efficient and secure transaction processing.

Here are some of the main applications and functions of FTM Coin:

1. **Network Fees**: FTM is used to pay transaction fees on the Fantom network. This includes smart contract execution and transfer fees.

2. **Staking**: Users can pledge FTM tokens on the Fantom network to participate in network consensus and security. Stakers help validate transactions by staking their FTM and are rewarded with additional FTM.

3. **Governance**: FTM token holders can participate in the decentralized governance of the Fantom platform by voting on key decisions and proposals about the network.

4. **Cross-chain interoperability**: Fantom platform supports cross-chain interoperability with other blockchains, and FTM tokens can be transferred between different blockchains.

5. **Decentralized Finance (DeFi) Applications**: FTM plays an important role in various DeFi applications on Fantom, serving as collateral, liquidity mining, lending, etc.

The Fantom platform and its FTM token are designed to provide efficient, fast and affordable blockchain solutions, especially for decentralized applications (dApps), DeFi protocols and smart city applications.

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