FTM

Fantom price

FTM
| 3.7/5
Quote currency
$0.48+0.50%
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Overview
Analysis

Fantom price live data

The current price of Fantom is $0.48. Since 00:00 UTC, Fantom has increased by 0.50%. It currently has a circulating supply of 2.81B FTM and a maximum supply of 3.18B FTM, giving it a fully diluted market cap of $1.35B. At present, Fantom holds the 59 position in market cap rankings. The Fantom/USD price is updated in real-time.

Fantom price performance in USD

Time periodChange amount%Chg
Today$0.00280.59%
7 days$0.06816.45%
30 days$0.09624.99%
3 months$0.00531.12%

Fantom market information

24h low/high
24h low$0.42
Last price $0.48
24h high$0.50
Heat index ranking
108
Market cap ranking
59
Market cap
$1.35B
Favorited rate
3.74%
All-time high
$3.49
-86.25% (-$3.00)
Oct 28, 2021 (3 years ago)
All-time low
$0.0021
+22,723.80% (+$0.48)
Mar 16, 2020 (4 years ago)
ICO date
06/15/2018
ICO price
$0.040
Circulating supply
2.81B FTM
Market cap at circulating supply
$1.35B

About Fantom (FTM)

Fantom is a fast, high-performance, open-source Layer 1 smart contract platform that hosts multiple digital assets and decentralized applications (dApps). FTM is the name and ticker symbol of the native ERC-20 token of the protocol.

Fantom aims to solve the blockchain trilemma, which discusses the trade-off between scalability, security, and decentralization via a directed acyclic graph (DAG)-based model. It uses the Lachesis consensus algorithm, a DAG-based asynchronous algorithm integrated with its mainnet. The technology enables the network to scale to several nodes distributed worldwide in a permissionless and open environment.

The Lachesis consensus algorithm also allows the protocol to facilitate 300,000 transactions per second. In addition, the Opera mainnet, which enables smart contracts through the Ethereum Virtual Machine (EVM), employs a leaderless Proof of Stake (PoS) consensus to enhance security.

Being a one-stop suite for decentralized finance (DeFi), Fantom provides users with an array of financial services such as liquid staking, crypto asset minting, lending, borrowing, and trading. Its official wallet, fWallet, lets users transfer money, stake FTM, and access the ecosystem. FTM is also fully compatible with several other wallets, like the OKX wallet, MetaMask, and various hardware wallets.

FTM is primarily used to secure the network via a Proof of Stake system, for governance, and pay network fees. FTM can also be staked to delegators that operate the network. FTM is also the main currency of exchange on Fantom and can be used in the network’s dApps and to buy Fantom NFTs.

FTM price and tokenomics

FTM has a total supply of 3.175 billion tokens. The platform employs an inflationary model. In its initial coin offering (ICO) that ended on June 18, 2018, 40 percent of the total supply was distributed. Additionally, 15 percent, 10 percent, and 3.6 percent were allocated to advisors, the founding team, and the strategic reserve. The tokens not in circulation are reserved for staking rewards.

On August 30, 2021, FTM announced its incentive program, which allocated 370 million FTM. The program enables protocol teams to apply for rewards based on their total value locked, scaling from one million to five million tokens in the first stage.

About the founders

The CEO and CIO of Fantom, Micheal Kong, has worked as CTO at MyStake and Liberte & Co. He also co-founded Horyzon, an equity management platform built on blockchain technology.

Andre Cronje is the DeFi architect of Fantom. Cronje has extensive experience in the blockchain and cryptocurrency industries and is well-known for founding Yearn Finance.

Fantom has formed partnerships with big names in the industry, such as Chainlink, Band Protocol, The Graph, and Covalent.

Learn more about Fantom (FTM)

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Fantom FAQ

What is FTM?

Fantom is an open-source smart contract platform that hosts decentralized applications and provides users with fast, secure, and scalable transactions thanks to its DAG architecture. Users can perform lightning-fast transactions at fees as low as a fraction of a cent.

FTM is the ticker for the native token of Fantom. It is an Ethereum-based token but is also supported on Binance as a BEP-20 token and in Fantom’s local mainnet, Fantom Opera.

How does FTM work?

Fantom uses Lachesis, an asynchronous non-deterministic algorithm, to enable high transaction speeds and low fees. This technology also ensures high security and a high degree of network decentralization.

Inside the ecosystem, users can choose to perform various financial transactions, lend or borrow crypto assets, and stake FTM. Developers can also build experimental projects inside this EVM-compatible network.

Where can I buy FTM?

Easily buy FTM tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include FTM/USDT and FTM/USDC.

You can also buy FTM with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Tether (USDT), and USD Coin (USDC), are also available.

Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for FTM with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into FTM, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

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