Upcoming ICO: The ‘fantom’ and the OPERA is here….

…or it soon will be. In just seven days’ time, in fact. The ICO built on the premise of making blockchain transactions and payments quicker, will offer 3,550,000,000 tokens for sale in its Initial Coin Offering.

Upcoming ICO: The ‘fantom’ and the OPERA is here….

The Fantom economy

With a fund-raising goal of 39,000,000 USD, the project has already held a pre-sale with a 15% bonus scheme.The FTM token within the Fantom economy will, initially be distributed as ERC20 tokens and following launch of the mainnet, they will be converted to native tokens. A 5% annual inflation rate is planned to boost the Fantom ecosystem which will decrease gradually as more people onboard. Of this inflation, 22 % will reward nodes and the rest will be utilized for incentives.

What is Fantom?

The Fantom platform seeks to provide scalability and reduced confirmation time of existing blockchain with its new technology, OPERA. The Fantom team highlights the current length of time for transaction blocks to form one at a time, to make payments using P2P technology.

As a solution, the Fantom platform allows for transactions to be made asynchronously (forming at the same time) with its Lachesis protocol, meaning they will go through instantly at very low transaction costs and be infinitely scalable – what Fantom refers to as the ‘OPERA chain’.

Worth an investment?

The team says: ‘FANTOM is the world’s first DAG based smart contract platform that solves the issue of scalability and confirmation time of the existing blockchain technology’.

But is it worth the investment?

According to a review on Hacked which points out the continued interest in blockchain projects from investors, there is, it says, a lot of competition in this specific space. It also states that because the mainnet is not due for launch until Q3 2019, there is time for others to compete with Fantom. 

 

ICO details

The sale will start on June 15th and last until June 22nd. The tokens available form 40% of the total amount and the price is set at 1 FTM = $0.0400 USD. ETH are accepted as payment. Tokens will be issued on June 29th.

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