FTM

Overview of FTM

Fantom (FTM) is a South Korea-based blockchain platform project that was introduced in 2018. It was founded by Dr. Ahn Byung Ik and it aims to provide a seamless experience to create smart contracts for advanced users. As a high-performance, scalable, and secure blockchain platform, Fantom is designed to overcome the limitations of previous generation blockchain platforms.

Fantom is differentiated by its innovative token model and a consensus algorithm—which is highly scalable, quick, and is also supposed to be secure. It also proposes to implement a new protocol known as the “Lachesis Protocol” to maintain consensus within the network.

Pros and Cons

What Makes FTM Unique？

Fantom introduces several innovative aspects that differentiate it from many other cryptocurrencies. One of the main innovations is its unique consensus algorithm known as the Lachesis protocol. This new protocol reportedly allows for a greater number of transactions to be processed simultaneously, enhancing the overall scalability of the platform.

Another distinguishing factor of Fantom is the high transaction speed. Due to its efficient consensus algorithm, Fantom transactions can reportedly be confirmed in a matter of seconds, significantly reducing latency compared to many traditional blockchain platforms. This could potentially make it a favorable option for decentralized applications requiring quick and efficient processing times.

Exchanges to Buy FTM

Fantom's FTM tokens can be purchased on numerous cryptocurrency exchanges. Some of the notable ones include:

1. Binance: As one of the largest and most popular cryptocurrency exchanges globally, Binance supports FTM trading with pairs including FTM/BTC, FTM/ETH, FTM/USDT, FTM/BUSD, and more.

Buying link: https://www.binance.com/en-DB/how-to-buy/fantom

2. KuCoin: Noted for its extensive range of cryptocurrencies, KuCoin provides trading pairs such as FTM/BTC and FTM/USDT.

Buying link: https://www.kucoin.com/how-to-buy/fantom

3. Kraken: Another prominent international exchange, Kraken, also provides FTM trading. Available trading pairs typically include FTM/BTC, FTM/ETH, FTM/USDT, and others.

4. OKX: This exchange offers multiple FTM trading pairs including FTM/BTC, FTM/USDT, FTM/ETH, and more.

5. Bitsmap: On BitMax, users can purchase FTM tokens using available trading pairs like FTM/USDT.

How to Store FTM？

Fantom (FTM) is an ERC-20 token, which means that it can be stored in any wallet that supports ERC-20 tokens. Some of the most popular wallets that support FTM include:

MetaMask\fWallet\Ledger\Trust Wallet.

FTM is also supported by a number of other wallets, including Coinbase wallet, MathWallet, Exodus, BitKeep etc.

When choosing a wallet to store your FTM tokens, it is important to consider your security needs and your budget. If you are looking for the most secure option, then a hardware wallet such as Ledger is a good choice. If you are looking for a more user-friendly option, then a software wallet such as MetaMask or Trust Wallet is a good choice.

No matter which wallet you choose, make sure to back up your private keys. This is the most important step you can take to protect your FTM tokens.

Is It Safe？

Fantom is considered a safe investment due to its strong security features, including its trustless and leaderless Proof-of-Stake network and its EVM compatibility. These features make Fantom a viable alternative to Ethereum for deploying and running decentralized applications.

Additionally, Fantom's fast transaction speeds and low transaction costs make it an attractive option for users and developers alike.

However there is always some risk associated with investing in cryptocurrency which is inherent for blockchain technology.

How to Earn FTM？

Here are the top 5 ways to earn FTM:

Staking FTM: Staking is the process of locking up your FTM tokens to help secure the Fantom network. In return for staking your tokens, you will earn rewards in the form of FTM tokens. The current APR for staking FTM is around 10%.

Playing games on Fantom: There are a number of games on Fantom that allow you to earn FTM tokens by playing the game or completing tasks. Some popular games that offer FTM rewards include Fantom Clash, CryptoFadz, and Fantom Ghosts.

Creating and selling assets on the Fantom NFT marketplace: The Fantom NFT marketplace is a great place to create and sell your own NFTs. If you have creative skills, you can create and sell your own NFTs on the marketplace in exchange for FTM tokens.

Providing liquidity to FTM pools on decentralized exchanges (DEXs): DEXs are decentralized exchanges that allow you to trade cryptocurrencies without the need for a centralized intermediary. You can provide liquidity to FTM pools on DEXs in exchange for a portion of the trading fees.

FAQs

Q: What kind of blockchain project is Fantom (FTM)？

A: Fantom is a South Korean blockchain platform designed for high-performance, scalability, and secure transactions, while also supporting the development of advanced smart contracts.

Q: What is the Lachesis protocol that Fantom uses？

A: The Lachesis protocol is Fantom's unique consensus mechanism that allows for increased transaction speed and scalability.

Q: Where can I trade Fantom's FTM tokens？

A: FTM tokens can be traded on multiple cryptocurrency exchanges including Binance, OKX, KuCoin and others.

Q: Can FTM tokens be stored in any wallet？

A: Yes, since FTM tokens are ERC20 tokens, they can be held in any wallet that supports this standard, including fWallet, MetaMask, Ledger, and Trust Wallet.