Fantom is a fast, high-throughput open-source smart contract platform for digital assets and dApps. The all-in-one DeFi suite. Mint, trade, lend and borrow digital assets directly from your wallet.
Near zero fees and instant transactions – DeFi for everyone.
Almost instant transfers
Transactions on Fantom are finalized in a second and cost a fraction of a cent.
WEBSITE - https://fantom.foundation
SEE: Fantom (FTM) Price Prediction 2021-2025: FTM to Soar to $0.80 by 2021?
COINMARKETCAP - https://coinmarketcap.com/currencies/fantom
What Is the FTM Used For?
The FTM token’s primary purpose on Fantom is to safeguard the network through a Proof-of-Stake scheme. Validator nodes must have a minimum of 3,175,000 FTM, and stakers must lock up their FTM in order to participate. Both the nodes and the stakers are compensated with epoch awards and fees in exchange for their services.
The Fantom network’s high-throughput, low costs, and high speed make the FTM token perfect for making and receiving payments.
Because Fantom is a fully permissionless and leaderless decentralized ecosystem, on-chain governance is required for on-chain governance.
Fees on Fantom are quite low, yet they are sufficient to make carrying out an attack exceedingly costly for a malevolent actor.
Because Fantom is EVM (Ethereum Virtual Machine) compatible, dApps developers on Ethereum can easily deploy and execute them on Fantom.
What Are the Four Main Products in the FTM Suite?
Fantom Token is a one-stop-shop for all your decentralized finance (DeFi) needs, which can help DeFi protocols run smoothly with near-instant transaction completion and low fees. In its DeFi suite, Fantom Token offers four key products:
fMint: Users can manufacture synthetic assets, such as pegged assets and Cryptocurrencies like national currencies, using this protocol.
fTrade: fTrade is a Fantom-based automated market maker (AMM) decentralized exchange (DEX) that can be accessed via the Fantom Wallet. This enables users to conduct any Fantom-based token transaction from a single wallet.
Liquid Staking: Users can lock their FTM tokens and receive sFTM tokens (staked FTM) in a 1:1 ratio from Fantom. These tokens are ‘liquid,’ meaning they can be utilized throughout the Fantom ecosystem’s various protocols. Furthermore, there is no charge for minting or returning sFTM tokens.
fLend: In Fantom’s lending and borrowing protocols, users can use their liquid sFTM tokens. As a result, consumers can obtain exposure to these products without putting their FTM token investment at risk.
Fantom also provides a development environment and enterprise services for enterprises that require safe, scalable Blockchain solutions. All of this is made possible via the FTM token, which ensures the project’s security and decentralization.
Buying Fantom is straightforward and easy in KuCoin.
Here below are the instructions to acquire this coin while it's still affordable:
#1. Buy/Receive USDT | Convert from Main Account to Trading Account in KuCoin
#2. Buy FTM with USDT in Trading Account balance
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RISK | Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.
Klever Swap has also officially listed Fantom (FTM) ERC20 with 10 direct trading pairs in Klever app:
FTM/KLV, FTM/BTC, FTM/ETH, FTM/TRX, FTM/USDT (ERC20), FTM/USDT (TRC20), FTM/KBTC, FTM/KETH, FTM/BUSD (BEP2), FTM/BNB (BEP20)
APP: Klever Wallet App (Code: FCYV1W)
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DISCLAIMER: I am not a Certified Financial Advisor. This content does not contain investment advise. Every trading investment move carries a risk. You must conduct your own research before making a decision.
[ TRADE ] https://www.kucoin.com/ucenter/signup?rcode=rJ8XS86 ⛽💥🚀
DISCLAIMER | I am not a Certified Financial Advisor. This content does not contain investment advise. Every trading investment move carries a risk. You must conduct your own research before making a decision.