Price (USD)$ 0.3846
Circulating SupplyFTM 2.54501B
Volume (24h)$ 255.6458M
Market Cap$ 978.86558M
Low/High 24h$ 0.3708 - $ 0.3909
Change (24h)$ 0.013783
Fantom is a high-performance, scalable, and modular smart contract project. It uses Fantom Virtual Machine to port apps based on Ethereum and has its own cryptocurrency FTM.
Fantom was founded in January 2018, and soon Lachesis, a consensus algorithm was released. The FTM coin itself got available for trading at the end of the year.
Soon the project started partnering with major Fintech companies. For example, in September 2020, Band oracles got live on Fantom, this project is aimed at connecting real-world information to smart contacts. Later, FTM coin holders got access to booking hotels and tickets on Travala.
The project is also aimed at solving medical-related issues. It's been cooperating with Royal Star, one of the leading pharmaceutical companies in Afghanistan. The major goal of this partnership is to decrease drug forgery.
In February 2021, Fantom, through a Yearn.finance representative, announced the creation of a cross-chain bridge. It allows ETH users to move ERC-20 coins into the FTM network to get unlimited access to cheap and ultra-fast transactions.
The Fantom structure includes three levels:
While Ethereum has limited ability to transfer previous transactions, Fantom solves this problem with Story Data. It allows you to track all previous transactions.
Fantom token is mainly used to place and reward witness nodes taking part in network verification. Also, you can use it for other purposes, including:
The need for FTM token must get higher as more people join the network and the transfers get more frequent.
Developers launched their Fantom crypto wallet. This program is completely private and can be installed on Windows, macOS, and Linux.
You can use this wallet in different ways. Except for keeping your tokens in a safe place, you can stake and receive coins. This wallet is also available for staking and getting rewards for it.
For bigger sums, it's better to use a hardware wallet. In this case, download the Fantom Ledger wallet app from Ledger Live.
FTM crypto developers are constantly improving their project. In April 2021, they introduced Go-Opera to the audience. This tool aims to make the network more reliable and increases the P2P synchronization speed.
Soon the team is going to perform a migration call. This update will decrease transaction confirmation time, and it'll be possible to claim staking rewards in seconds.
All these improvements make investors think about where to buy Fantom crypto and attract new partners. The most recent investment was from HyperChain Capital that bought FTM tokens and paid $15 million for the deal.
If the project keeps improving, the Fantom price will grow. For example, DigitalCoinPrice experts say it'll be almost $0.45294545 in 1 year's time.
Today FTM price is 0.3846 USD.
Many investors and companies believe in the Fantom crypto project. Its main advantages, such as high speed, safety, and scalability, make it more reliable as a long-term investment.
One of the ways to get tokens is to earn staking rewards using the wallet. A user has to transfer his coins to his Opera address, select a validator, and lock up Fantom (FTM) for at least 2 weeks.
Yet, if you think about where and how to buy FTM coin, use exchanges, such as StealthEX. This platform allows you to exchange other coins on FTM crypto with no need to provide a lot of information.
To buy FTM crypto just go to StealthEX and follow these easy steps:
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.