Fantom

About Fantom

Fantom is a high-performance, scalable, and secure blockchain platform that uses the opera consensus algorithm to allow for fast and secure transactions. It aims to provide a solution to the challenges faced by existing blockchain networks, such as slow transaction speeds and scalability issues. It uses a unique smart contract language called FTM, which allows developers to build decentralized applications with improved speed and security. Fantom also uses a layer 2 solution, the Lachesis Protocol, which enables instant and near-zero cost transactions. The platform aims to enable the development of new use cases for blockchain technology and provide an infrastructure for decentralized finance (DeFi) and the Internet of Things (IoT) applications.

$FTM token

FTM is the native token of the Fantom network, a high-performance, scalable, and secure blockchain platform that provides fast and low-cost transaction processing. The token is used to incentivize the network's validators and secure the network through a proof-of-stake consensus mechanism. It is also used as a means of exchange within the network and to access various decentralized applications built on top of the Fantom platform. The FTM token is listed on various cryptocurrency exchanges and can be traded against other cryptocurrencies, such as Bitcoin and Ethereum.

How to buy $FTM with a payment card

1. Enter the amount of $FTM and fiat currency that you wish to purchase.

2. Verify your phone and email.

3. Enter or create $FTM wallet

You are given the option to enter your $FTM wallet address or create one using the Swipelux widget.

4. Pass KYC flow

This verification process helps protect you from fraud and other malicious activities.

5. You're now ready to buy $FTM with a credit and debit card.

$FTM Analytics

1. Market Position and Adoption: FTM is ranked #41 on Coin Market Cap, with a market cap of approximately $1,528,817,600 and 24-hour volume of $341,244,425. This shows that there is a significant level of interest in the token, however, it's crucial to keep in mind that market position and adoption can fluctuate quickly in the cryptocurrency market.

2. Technology and Platform: FTM is the native token of the Fantom network, which is a high-performance, scalable, and secure blockchain that aims to provide fast and affordable decentralized applications (dApps). The platform uses its unique Lachesis consensus mechanism, which allows for near-instant confirmation times and reduces the risk of centralization.

3. Team: The team behind the Fantom network consists of experienced developers and advisors in the blockchain industry, but information about their specific backgrounds and expertise is not readily available.

4. Competition: The Fantom network faces competition from other fast and scalable blockchain platforms, such as Ethereum and EOS, as well as upcoming platforms like Polkadot and Solana. These established players have a strong developer and user base, which can make it challenging for the Fantom network to gain traction and market share.

$FTM risks

1. Market Risk: The cryptocurrency market is highly volatile and subject to fluctuations, which can result in losses for investors. The value of FTM can be impacted by changes in market sentiment, regulatory changes, and economic factors.

2. Technology Risk: Fantom, the platform behind FTM, is a new and emerging blockchain technology, and there is a risk that the platform may not be fully developed or may face technical difficulties.

3. Competition Risk: The blockchain market is competitive, and Fantom faces competition from other platforms and projects. The success of Fantom and its FTM token may be impacted by the performance of its competitors.

4. Adoption Risk: The success of Fantom and its FTM token depends on the adoption and usage of the platform. If the platform fails to gain widespread adoption, it may result in a decrease in demand for FTM.

5. Regulatory Risk: Cryptocurrencies and decentralized platforms are subject to regulatory risks. Changes in laws and regulations may negatively impact the platform and its token.

Potential market development triggers

1. Expansion of the Fantom network: As the Fantom network continues to grow and expand, the demand for FTM tokens is likely to increase. This will lead to a rise in the token's price.

2. Strategic partnerships: Strategic partnerships with companies or organizations in the blockchain or wider technology industries could boost the credibility of the Fantom network and drive demand for FTM tokens.

3. Development of new use cases: The development of new use cases for the Fantom network and the FTM token could trigger a surge in demand and price. This could be driven by the launch of new decentralized applications (dApps) built on the network, or by the integration of the network into existing products and services.

4. Mainstream media coverage: Increased coverage of the Fantom network and FTM token in mainstream media outlets could raise awareness and drive demand for the token.

5. Community and developer engagement: A growing and active community of developers and users around the Fantom network could drive innovation and support for the network, in turn boosting the demand for FTM tokens.

6. Adoption by large-scale organizations: If the Fantom network is adopted by large-scale organizations for use in their operations, this could provide a significant boost to the demand for FTM tokens.