Fantom (FTM) is a decentralized blockchain platform designed to provide fast, scalable, and secure solutions for decentralized applications (dApps) and smart contracts. It aims to overcome the limitations of existing blockchain networks by offering high throughput, low transaction fees, and quick confirmation times.
The Fantom platform utilizes a technology called the "Lachesis Protocol" to achieve its high scalability. This protocol combines a directed acyclic graph (DAG) structure with a consensus mechanism known as "Lachesis." The DAG structure allows for parallel processing of transactions, leading to increased transaction throughput and improved scalability. The Lachesis consensus mechanism ensures the security and finality of transactions through a voting process conducted by a network of nodes.
The FTM token is the native cryptocurrency of the Fantom network and serves various purposes within the ecosystem. It is used for transaction fees, staking and governance, as well as for participating in the platform's consensus mechanism. FTM holders can stake their tokens and earn rewards for securing the network and validating transactions.
Fantom aims to provide a platform that is suitable for a wide range of applications, including DeFi (Decentralized Finance), supply chain management, healthcare, and more. It offers an environment where developers can build and deploy dApps and smart contracts, taking advantage of the platform's scalability and speed.
Fantom strives to be a robust blockchain platform that combines high throughput, low fees, and secure infrastructure to support the development of decentralized applications and drive the adoption of blockchain technology in various industries.
Where to buy FTM Token
You can find FTM Token here at CoinTR Exchange! We are listing FTM/USDT, FTM/TRY on Spot Market and support up to 25X FTMUSDT Perpetual Futures!
What is the Price of FTM
The price of the FTM token is $0.3873 per unit. It has a market cap of $1,080,155,958. It also has a 24-hour trading volume of $1,229,792,430. You can check the live price of their token right here!
How to buy FTM
Looking for a way to buy FTM. You can purchase FTM on CoinTR following the steps:
1. Log in your CoinTR account and click [Markets]. Click on [Spot].
2. Search “FTM” using the search bar to see the available trading pairs. Take FTM/USDT as an example,click [Trade].
3.Go to the [Spot] box. Enter the amount of FTM you want to buy. You can choose from opening a Limit order or a Market order. Take Market order as an example. Click [Buy FTM] to confirm your order. You will find the purchased FTM in your Spot Wallet.
Disclaimer: The views, thoughts, and opinions expressed in the article shall not be considered as investment advice and do not reflect the position of CoinTR, please use it at your own risk.