About Fantom

What is the Fantom price today?

The FTM price is currently $0.44. The price of Fantom is -11.60% over the last 30 days. You can use the live Fantom chart to track the FTM/USD price in real time above, or compare the Fantom value today to its past performance using the Fantom price history tab at the top of this page.

What is the total supply of FTM?

The circulating supply is 2,783,495,499.48 FTM, out of a total maximum supply of 3,175,000,000.00 FTM.

What is the price prediction for Fantom?

The average Fantom price prediction values the coin at $0.21 by the end of 2023. Things like the economic climate and the crypto market as a whole can all have an impact on the price.

It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin.

What is Fantom?

Fantom is a decentralised payment platform that provides fast and low-cost transactions. The Fantom network was created as an alternative to Ethereum and uses a unique consensus mechanism called Lachesis, which allows it to process thousands of transactions per second.

Its native cryptocurrency, FTM, is used to pay for transactions and participate in its governance. The Fantom ecosystem includes many decentralised applications (dApps), a decentralised exchange (DEX), and a lending platform.

How does Fantom work?

Fantom works similarly to many other blockchain projects, where transactions are grouped into ‘blocks’ before being linked via chains, forming a blockchain.

It uses a unique consensus mechanism called Lachesis and is compatible with a few other blockchains, including Ethereum and Binance Chain. FTM uses a proof of stake model, which means other users on the network verify all transactions and are rewarded with tokens for their work.

How is the Fantom network secured?

It is secured by other users on the network. Fantom uses a proof of stake mechanism, which means users on the network verify and secure all transactions. This is known as staking, which involves users staking their FTM tokens to participate in the network’s security process. For their work in ensuring network security, stakers are rewarded with coins.

What is Fantom used for?

The Fantom platform is used for decentralised applications (dApps) and its fast processing means it is also used for decentralised finance (DeFi) applications and payments.

Developers can create and build their own smart contract applications using the Solidity programming language, which is most commonly used on the Ethereum ecosystem. This means the Fantom network has multiple uses, including trading, lending, borrowing, payments, and governance.

Why does FTM have value?

It has value for several reasons; its unique consensus mechanism Lachesis is much faster and has more robust security than other proof of stake based platforms. Its speed and security could drive the number of developers using the network, which in turn would likely increase FTM’s value.

FTM can also be used as a store of value, much like larger cryptocurrencies such as Bitcoin. Short-term investors or traders can also speculate on its price fluctuations as it is a volatile token.

Who created Fantom?

Fantom was created by Dr Ahn Byung Ik, a South Korean computer scientist, in 2018. Its founder raised almost $40 million for the project by selling tokens in 2018. Today its current CEO is Michael Kong and its team includes specialist engineers, scientists, and several people with experience in blockchain development.

Where can I buy Fantom?

You can buy Fantom on a crypto exchange. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock platform.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated Fantom wallet for some extra security.

You can deposit money into a broker or exchange account by bank transfer or card payment. However, if you prefer to use a different payment method, like PayPal, then your options may be more limited.

Are there any other ways to invest in Fantom?

The simplest way to invest in Fantom is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies more suited to high net worth individuals.

Are there any Fantom alternatives?

There are lots of Fantom alternatives and many cryptocurrency projects offer something very similar. Here is a selection of a few alternatives for you to consider.

• Polkadot. Polkadot uses technology to make different blockchains compatible with each other.
• Solana. Solana is one of the biggest platforms in the world and can handle more transactions per second than many blockchains.
• Cardano. Cardano is a fast blockchain ecosystem.

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