Overview

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Tokenomics and use cases of FTM. FTM is the native utility in-house PoS token of Fantom that powers the ecosystem and is applied for payments, network fees After announcing the 370 million FTM incentive program, the FTM token started its rise on July 20, beginning at a low of $0.15 and growing to an all-time high of $0.9571.Ver más Fantom is a layer-1 blockchain that uses a Directed Acyclic Graph (DAG) and the Lachesis protocol to ensure high scalability. Fantom’s blockchain network, Fantom

What is Fantom (FTM)? Understanding Features, Tokenomics & More

Fantom (FTM) is a layer-1 blockchain that uses a Directed Acyclic Graph (DAG) and the Lachesis protocol to ensure high scalability. Fantom’s blockchain network, Fantom, aims to solve the blockchain trilemma by offering speed, security, and decentralization. This makes it an appealing platform for various decentralized applications (dApps) and decentralized finance (DeFi) projects.

Key Features of the Fantom Blockchain

Fantom boasts several unique features that set it apart from other blockchains:

  • Lachesis Consensus Algorithm: This asynchronous Byzantine Fault Tolerant (aBFT) consensus mechanism allows Fantom to achieve near-instant transaction finality.
  • High Scalability: The DAG structure enables Fantom to process a large number of transactions concurrently.
  • EVM Compatibility: Fantom is compatible with the Ethereum Virtual Machine (EVM), making it easy for developers to port their Ethereum-based dApps.
  • Low Transaction Fees: Transaction fees on the Fantom network are significantly lower than those on Ethereum.
  • Open-Source: The Fantom network is open-source, allowing anyone to contribute to its development.

FTM Token: Tokenomics and Use Cases

Tokenomics and use cases of FTM are crucial to understanding Fantom's ecosystem. FTM is the native utility in-house PoS token of Fantom that powers the ecosystem and is applied for payments, network fees. It plays a vital role in securing the network through staking and governance. The FTM token is essential for interacting with the Fantom blockchain and participating in its various functionalities.

Use Cases of FTM:

  • Network Fees: Used to pay for transaction fees on the Fantom network.
  • Staking: Staked to secure the network and earn rewards.
  • Governance: Used to participate in the governance of the Fantom network.
  • Payments: Can be used for payments within the Fantom ecosystem.

FTM Token Price History and Incentives

The FTM token has seen significant price fluctuations. After announcing the 370 million FTM incentive program, the FTM token started its rise on July 20, beginning at a low of $0.15 and growing to an all-time high of $0.9571. The incentive program was designed to attract developers and projects to build on the Fantom network, contributing to its growth and adoption.

Conclusion

Fantom offers a compelling alternative to other blockchain platforms with its unique features and scalability. The FTM token plays a key role in the Fantom ecosystem, driving its functionality and growth. As the DeFi space continues to evolve, Fantom is well-positioned to become a leading platform for decentralized applications.

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