What is Fantom (FTM)? Blockchain for dApps Infrastructure

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Bittime -In thecryptocurrency, Fantom (FTM) is emerging as one of the promising projects. In this article, we will explore Fantom (FTM) thoroughly, including its product and key features, FTM token functionality, tokenomics, fundamental analysis, and comparison with competitors.

What is Fantom (FTM)?

Fantom (FTM) is a blockchain platform designed to be a reliable and scalable infrastructure for decentralized applications (dApps). Fantom aims to provide efficient, fast, and secure solutions to support a wide variety of applications within the blockchain ecosystem.

Fantom (FTM) Key Products and Features

1. Smart Contract Services: Fantom provides smart contract services that enable developers to build decentralized applications (dApps) easily and efficiently.
2. Opera Consensus: Fantom uses Opera consensus, a native consensus algorithm designed to achieve high transaction speeds and low fees, while maintaining network security.
3. Fantom Finance: Fantom also develops innovative decentralized finance (DeFi) solutions, including decentralized exchange (DEX), lending, and staking.

Also Read: What is a Smart Contract?

What is FTM Token?

FTM tokens are digital assets used within the Fantom ecosystem for various purposes, including:

1. Transaction Fees: Users use FTM tokens to pay transaction fees when using Fantom services, such as running smart contracts or making transactions on the network.
2. Rewards and Incentives: Fantom provides FTM tokens as rewards to users who participate in activities such as staking or providing liquidity on DeFi platforms.
3. Governance: FTM token holders have voting rights in decision-making regarding the development and direction of the Fantom project.

FTM Token Tokenomics

• Maximum Supply: 3 billion FTM tokens.
• Circulating Supply: 2 billion FTM tokens.
• Distribution: Distribution of FTM tokens is carried out through various mechanisms, including token sales, incentive programs, and airdrops to the Fantom community.

Also Read: What is a Decentralized Application (DApp)?

Fantom Fundamental Analysis

Source: Bittime

Fantom's fundamental analysis (FTM) covers several key aspects that influence the value and growth potential of the project. Here are four aspects of fundamental analysis that are usually considered.

1. Technology: Fantom uses advanced blockchain technology, including Opera's consensus algorithm, to achieve high transaction speeds and low fees, while maintaining network security.
2. Team: The development team behind Fantom consists of individuals experienced in software development, finance, and blockchain technology. They have a clear vision to build a reliable and scalable blockchain infrastructure.
3. Community: The Fantom community continues to grow, with thousands of developers and users actively using the platform to build decentralized applications and participate in the DeFi ecosystem.
4. Adoption: Fantom has managed to gain significant adoption among developers and users, with many decentralized applications built on its platform.

Comparison of Fantom (FTM) and Competitors

1. Scalability: Fantom offers a highly scalable platform, allowing it to handle large transaction volumes without experiencing performance degradation, compared to other competitors.
2. Fees: Transaction fees on Fantom tend to be low, making it an economical choice for users looking for an efficient blockchain solution.
3. Security: Fantom uses advanced security technology to protect user assets and data, providing high security guarantees for users and developers.
4. Adoption: Fantom has managed to gain widespread adoption among developers and users, but competition from competitors remains. Fantom is constantly trying to improve its services and attract more users.

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Conclusion

Fantom (FTM) is a blockchain platform that offers innovative solutions for developers and users to build and deploy decentralized applications quickly, efficiently, and securely. With advanced products and key features, as well as a commitment to technology, team, and community, Fantom has great potential to continue to grow and become a leader in the blockchain industry. Thus, Fantom is an attractive choice for developers and users looking for a reliable and scalable blockchain solution.

How to Buy Fantom (FTM) with Bittime

You can buy and sell Fantom (FTM) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Alpaca Finance (ALPACA) is available on Bittime with the market pair FTM/IDR . To be able to buy FTM IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn the complete guide on how to buy Fantom (FTM) on Bittime . 

Monitor the movement of Fantom (FTM) , Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other crypto charts to find out today's crypto market trends in real-time on Bittime.

Also Read:

How Does Blockchain Work?

What is Hive (HIVE)? Build Your Own dApps Easily

Understanding Cryptocurrency: Why It Matters in Today's World

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.