Fantom is a smart contract platform that is built on the Directed Acyclic Graph (DAG) and is developed to deal with scalability issues for distributed ledger technology. The goal of the Fantom project is to ensure the ability to connect all the transaction entities across the globe and build an ecosystem that allows real-time transactions as well as the sharing of data at a very inexpensive cost.
Fantom is completely permissionless, open source, decentralized, and free. It features a revolutionary consensus mechanism for aBFT known as Lachesis that lets Fantom be quicker and more affordable than other technology, but also extremely secure.
Fantom collaborates with several other projects, like Band Protocol, Coti, Chainlink, Ethereum Classic Labs, and more.
What is a fantom?
Fantom is a blockchain that has been in use for a long time. The Fantom network operates as a layer one solution that has solved the scaling, security, and transaction speed problems of traditional blockchains. This Lachesis consensus mechanism enables Fantom to transfer digital assets safely and at an incredible speed. This confirmation of stake consensus method utilizes the Asynchronous Byzantine Fault Tolerance (aBFT). This Asynchronous Byzantine Fault Tolerance (ABFT) is the key element in Fantom’s expanding its network to ensure the highest speed of transactions and security. Fantom has established itself as a great choice for payment for asset trading, as well as other types of transactions that consumers and businesses require.
The value that comes from the FTM Fantom token (FTM) is in staking payment, governance, along with fees to the networks. FTM operates on its mainnet and is accessible on both the Ethereum and Binance ecosystems. Fantom gives users the opportunity to place a stake in their FTM to earn an annual 4% return (APY). Participants can also join the Fantom Fluid Rewards Program by placing their FTM tokens for a prolonged period of time in order to earn better rewards, up to a 12% annual percentage yield.
Fantom Finance is a DeFi app suite that allows users to use Fantom’s Liquid Staking feature.Liquid Staking authorizes users to mint staked FTM tokens (sFTM) in a 1:1 ratio to the staked FTM to use as collateral. Minting SFTM allows users to gain more value from the staked FTM.
Fantom also has DeFi tokens that are similar to the stablecoin called fUSD. FUSD can be used to buy and sell synthetic assets, or loan them for interest. Future utility applications that use this FTM token will be made available via apps to manage the supply chain as well as payments and smart city initiatives.
Where To Buy Fantom Crypto?
Fantom is focused on solving some of the most frequent issues associated with smart contracts, and that is particularly the speed at which transactions are completed. It utilizes an acyclic directed graph (DAG) smart contract platform to offer decentralized finance (decentralized financial) services to developers building digital assets and DApps (decentralized applications). For more information, visit the Investing in Fantoms guide.
These are the main three exchanges where you can buy Fantom (FTM) money with a credit card, debit card, or Bitcoin (BTC).
Uphold is a top exchange located in the United States. Uphold is an extremely efficient and creative trading platform that will be able to satisfy your requirements to trade with a variety of cryptocurrencies, including Fantom (FTM). Beyond the user-friendly interface and the innovative features of the platform for trading, what stands out about the business is the trustworthiness they have built up in the field.
They offer a desktop as well as mobile application for trading, which is very intuitive. The trading experience is fully adjustable based on the assets you trade the most. Additionally, it’s very easy to navigate and has a contemporary appearance on both desktops as well as mobile phones. It’s very well-liked and is a great choice, especially for those who are new to trading.
In addition to being visually appealing, In addition to being visually appealing, aside from being attractive, the Uphold trading platform lets you make trades with ease. With just a few clicks, you’ll be able to make trades right through your deposit method without having to wait for funds to transfer into your account. This is another innovative feature from the company that claims to be the best because of its user-friendly nature and ease of use.
Binance is among the biggest and most famous cryptocurrency exchanges in the world. The advantages of buying Fantom (FTM) in this case are that you will benefit from the lower costs for exchange compared to other exchanges, and also the greater liquidity allows you to purchase and sell your items quickly and profit from news that affects the market.
This exchange is ideal for Australia, Canada, Singapore, the UK and international users. Residents of the USA are not allowed to buy FTM.
Gate.io was launched in 2013, and while it’s not one of the most well-known exchanges, they provide a trusted trading platform that has an intuitive interface for novices while also providing robust and high-quality charts that cater to all levels of expertise, such as technical traders. They are home to a variety of altcoins, including Fantom (FTM). In addition, they are usually the first exchange to introduce new tokens. The best part is that they take a firm stand against any kind of manipulation in the market.
KuCoin is well-known in the field and is one of the most competitive players in the market in terms of charges and trade costs. KuCoin has seen rapid growth since the beginning of offering only crypto-to-crypto trading in crypto. Today, they provide a variety of products, such as an exchange service that works through P2P, as well as purchasing using debit or credit cards.
They currently provide Fantom (FTM) trading in cryptocurrency and more than 300 other well-known tokens. They are usually the first to offer purchasing options for tokens that are new.