Fantom (FTM)
| Market Cap | $737,628,986 |
|---|---|
| Trading Volume | $239,602,218 |
| Volume / Market Cap | 0.3248 |
| Total Supply | 3,175,000,000 FTM |
| Max Supply | 3,175,000,000 FTM |
Fantom is currently trading at $0.2663, after a price change of 3.88% in the last 24 hours.
Ranked as cryptocurrency #56 by capitalization today, FTM market cap is valued at $737,628,986. FTM trading volume reached $239,602,218 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on FTM coin price prediction page.
Fantom Coin Price PredictionWhat is Fantom?
Fantom is a highly secure smart contract platform that offers excellent scalability. The Fantom testnet was released in December 2018, however, the main net launched in December 2019. The founder of this foundation is a South Korean computer scientist Dr. Ahn Byung Ik. The platform is based on the Fantom Opera blockchain network and its native token is known as FTM.
Since the network works on the Ethereum VM, it can process existing smart contracts and build new ones. It is based on a peerless proof-of-stake protocol employing an asynchronous BFT mechanism. Compared to generic PoS and PoW systems, this offers more in terms of speed and cost-effectiveness. In this system, trades are executed in a matter of seconds.
Each decentralized application built on this network operates on its own blockchain. These chains have individual governance guidelines, economies, and custom coins. They can effortlessly communicate with other applications running on various Fantom networks.
The network uses FTM tokens for incentivizing authenticators, paying network commissions, securing governance rights, and executing trades. The special feature of this cryptocurrency is its flexible tools, which can work in tandem to expedite the development and share data.