About
Fantom is FTM, the native token of Fantom. It was developed to bypass the limitations of Proof-of-Work (PoW), in order to offer an easier, more affordable, and safer alternative.

Fantom Foundation founded the platform in 2018 and issued the FTM token. Fantom launched Opera (NASDAQ) at the end of 2019 as a mainnet environment for decentralized applications.

Current Status
Fantom seeks to resolve the blockchain dilemma by finding the perfect balance between transaction speed and security. A specific consensus algorithm, aBFT, is used to increase transaction speed and throughput.

FMT’s main purpose is to decentralize Fantom networks using a Proof-of-Stake (PoS), algorithm. The liquidity pool allows users to either lock or stake FMTs.

Fantom token can also be used to pay fees and for on-chain governance.

FTM is also available in native tokens, ERC-20 or BEP-2 tokens.

Competition:
There are multiple competitors in the “Ethereum-killer” category. They are the most well-known.

It is also on its way to proof of stake.

Website & Whitepaper:
Website, blog, contact information, technical papers and links to the community are all excellent.

This technical whitepaper gives a comprehensive explanation about technology and infrastructure as well as use cases.

The Whitepaper does not have an updated roadmap.

Stage of development:
In 2019, Opera’s mainnet was launched

Fantom already has 80+ dApps.

Integrated Chainlink is the official FTM oracle and price feed solution.

RenBridge integration for cross-chain transactions

Integrated with Orion Protocol, which aggregates CEX and DEX into one central platform.

Partnership to bring Fantom blockchain applications to the Uzbekistan government’s IT infrastructure.

SuperFarm and SuperFarm partner to launch NFT farms, drops, and NFTs.

Roadmap:
The 2Q 2020 is the end of future development plans. There have been no updates.

A native crypto exchange will be launched for FTM tokens within Q4 2021.

Fundraising:
In 2018, $39.6 Million was raised by ICO and pre-sale (0.0438)

ATH had a return on investment of over 7,816.6%.

ICO required KYC.

Australia, China and South Korea were not allowed to invest.

Capital distribution: Application and development of the ecosystem (50%) Marketing (30%) Operation costs (20%)

The Team
Team of 14 foundation members, led by South Korean computer scientist PhD Ahn Byung lk, a prominent entrepreneur who received the South Korean President Award for successful IT business, featured in South Korea’s major business outlets.

Michael Kong has been working in cryptospace since 2016 and is now the new CEO/CIO.

15 Development team members

Twelve members of the advisory board, Steve Bellotti included, have 22 years’ experience in international investments.

Venture Capital investors include HyperChain Capital and Blockwater Capital as well as Alameda Research.

The Community
Twitter (NYSE:), (233.5K), Telegram (26.55K), Discord (5K), Reddit (20.7K).

Fantom Foundation maintains a regular posting schedule and facilitates weekly discussion. They also have active communities.

The Key Metrics
Maximum supply3.1775 Billion

Supply circulation: 2.55 Billion

Market Cap$6.5 Billion

Trading Volume: 300-700M/24h.

Total value locked (TVL)Fantom has DeFi projects worth $4.5B.

List of exchanges
Listed on more than 100 cryptocurrency exchanges such as Binance, KuCoin and FTX. Here is the complete list.

Token allocation:
Token distribution: token sale (40%), team & founders (15%), advisors & contributors (15%), market development (30%).

More than 53K wallets are available on Ethereum.

More than 28K wallets available on Binance Smart Chain

FTM tokens not currently in circulation can be reserved for stake rewards.

Wallets:
More than 12 wallets are compatible, including Metamask (NASDAQ:) Wallet and Trust Wallet. The complete list can be found here.

Price changes
ATH: $3.46, Oct 2021

Mar 2020: All-time low $0.00190227

FTM is below 30% of ATH at time of writing.

Verdict

• Fantom is a solid foundation, with stiff competition. The project does not provide development plans past 2020, thus it’s difficult to guess what milestones are in its future plans.
• There are many talented developers on the team, as well as legit founders and backing from venture capital. Fantom is being treated seriously by all these factors.
• One of the most popular crypto exchanges lists FTM token. The process of listing tokens on centralized exchanges involves a complex and controlled procedure that attempts to identify scam projects.
• Fantom, a project that has a medium market capital, means the potential for growth is high but there is also a higher risk than larger market-cap cryptos. FTM hit its highest point in less than a month.
• Fantom’s DeFi TVL is nearly 34x lower than on ETH and 2.7x less than on Solana. It also slightly exceeds that of Polygon. Fantom can grow but strict DeFi regulations might be detrimental to its long-term growth.

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