With the latest moves from “DeFi godfather” Andre Cronje, the Fantom ecosystem is showing strong strides, FTM price has increased by 300% since the beginning of 2023. Let’s decipher the reason behind this momentum, and find investment opportunities within Fantom Ecosystem in this article!
What is Fantom?
Fantom is a DAG (Directed Acyclic Graph) based smart contract platform for decentralized DApps.
It is a highly scalable, decentralized, open source platform used to build dApps and enterprise applications.
Since it is based on DAG, Fantom is infinitely scalable, solving shortcomings including TX time extension!
Team, Backers, Investors
The Fantom Foundation is dedicated to building the infrastructure for a more efficient and democratic future. The team consists of engineers, scientists, researchers, designers and entrepreneurs with a shared vision, distributed around the world.
FTM has been ICO since 2018 most of the token sales have been unlocked ROI is now 10-20x.
Featured Investors have Jump.
What is $FTM?
$FTM is Fantom’s native token, which can be used for governance operations, validator compensation, and network security provisioning.
- Payment (payment)
- Governance (administration)
- Network fees (fees)
- Network security (protect the network)
Competitive advantages of Fantom
- Decentralization: nearly 65 nodes towards >1000 nodes
- Uptime: 99.99%
- Fastest confirmation time: sub 900ms
- Fastest chain: ~1 sec
- Cheapest chain: almost zero TX fee
- And the super active community
The current states of Fantom Ecosystem
Fantom continues to be one of the fastest growing L1 ecosystems:
- February 2022: 1.9 million VND
- February 2023: 42 million
That’s a 2200% gain over the last 12 month period (during the BEAR market). Fantom ecosystem is outperforming other layer 1 networks in terms of new money inflow.
$FTM is secured by the POS (Proof of Stake) Institutional Level Security Absolute Finance, txn is non-reversible. Looking back at $FTM vs $ETH fees for txns below, cost to remove txns has may vary in order of magnitude (August 2022).
30-year vesting rate
Circulating: 2,776,000,000 FTM.
Max Supply: 3,175,000,000 FTM.
Current Foundation Fund (Nov 2022): 450,000,000 $FTM
– $100,000,000 Stables
– $100,000,000 Crypto assets
– $50,000,000 Non-Crypto assets
Distributing $7 M/yr, The Foundation maintains the ratio for more than 30 years.
The gas monetization program stimulates the ecosystem
Instead of just burning gas fees, $FTM decided to reward developers for attracting users into the ecosystem.
- 20% of the Gas used will be burned
- 15% sent to eligible projects to participate in the program.
- Project / Developer will be rewarded for the quality of work and attracted to the $FTM . ecosystem
Developers make good dApps = Better User Experience
More users = Ecosystem growth
Just over 40 days in 2023:
- dApp gas monetization
- Ecosystem vault
- $fUSD v2
In terms of active developers, Fantom is only 9th, but in terms of results, Fantom is the hardest working platform in the crypto market!
CƠ HỘI BÊN TRONG FANTOM HACKATHON 2023
Hiện có 749 lượt đăng ký tham gia Fantom Hackathon 2023!
Trong quá khứ sau khi tổ chức Hackathon 2021, giá FTM đã có sự tăng trưởng bùng nổ
This informative article only serve the purpose of supporting readers to have an overview of the Fantom ecosystem in 2023, hope you will find investment opportunities for yourself!