Fantom
Name
Fantom
Summary
-Fantom is developing a programmable platform based on a distributed ledger-based on directed acyclic graphs.
-It was founded by Dr. Ahn Byung Ik. and Michael Kong in 2018
-FTM is a proof-of-stake (PoS) token that comes in a variety of forms.
Rating
Symbol
FTM
Overview
Fantom is a platform that includes a DAG-based distributed ledger with aBFT principles for consensus, as well as a novel verifiable compiler and register-based virtual machine for smart-contract execution.
FANTOM's mission is to "provide compatibility amongst all transaction bodies around the world using DAG technology," as well as to build a new, high-reliability infrastructure that enables real-time transactions and data sharing. It also intends to create a new verifiable compiler and a register-based virtual machine that tests for correctness automatically creates smart contract behavior proofs and executes instructions faster than previous models.
As an alternative to Ethereum, Fantom is an open-source decentralized smart contract platform for DApps and digital assets. Fantom aims to overcome the drawbacks of earlier blockchain generations by balancing three factors: scalability, security, and decentralization. The project includes a collection of tools for making existing DApps easier to integrate, as well as a detailed staking incentive structure and built-in DeFi instruments.
Historical Price Movement (in INR)
Technology
Fantom is a Layer-1 blockchain that facilitates DeFi and related services based on smart contracts using a scratch-built consensus mechanism and separate consensus layer, Lachesis. Other layers, like Opera, Fantom's EVM-compatible smart contract chain, are also secured using Lachesis.
To provide services and safeguard its network, Fantom employs a unique proof-of-stake mechanism. It is an example of an asynchronous byzantine fault tolerant (aBFT) consensus mechanism known as Lachesis.
Fantom eliminates low-cost attack risk by removing leadership among network participants, while staking adds additional user incentives to secure operations using FTM token holdings.
Use of Native tokens in the ecosystem:
FTM, the native token, is expected to have the following features:
For validator node staking: to safeguard the network in exchange for block and transaction rewards. Nodes will be ranked according to how quickly they confirm transactions. As a result, higher-performing nodes with superior hardware will earn greater rewards per FTM staked on average.
To pay transaction fees: consumers can use FTM to do so.
To vote on proposals to change the structure of the mainnet, modify system parameters such as block rewards, and elect moderators and the technical committee: each token holder running a validator node, or who has delegated their FTM to a validator node, will be able to vote on proposals to change the structure of the mainnet, modify system parameters such as block rewards, and elect moderators and the technical committee.
Fantom's Opera network supports all smart contract languages that Ethereum supports for the EVM, including Solidity and Vyper.
Seed Sale
3%
Private Token Sale
37.04%
Public Sale
1.57%
Team
7.49%
Advisors
12%
Token Reserve
6%
Block Rewards
32.75%
Volume (as of 21st March 2022)
$528,808,197
Total Supply
2545006273
Circulating Supply
2.55B FTM
Crowd Funding
Over the course of two rounds of investment, the Fantom Foundation has raised a total of $40 million. On June 22, 2018, they received money from a Venture - Series Unknown round.
Funding
22/06/2018: Venture Round-$40M, 15/05/2018: Venture Round-NA
Country
South Korea
Name of Organization
Fantom Foundation Ltd.
Year Incorporated
2018
Registered Address
NA
Dispute Resolution and Governing Law
South Korea
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Ahn Byung Ik | Founder | Yonsei University:PhD, Computer ScienceSeoul National University:Graduate School of Business, CEO Program | 28 Yrs |
| Michael Kong | CEO | University of Sydney: Bachelor of Information Technology (Information Systems) and Commerce | 8 Yrs |
https://crebaco.com/planner/admin/uploads/whitepapers/1608935FANTOM%20WhitePaper.pdf 
