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fantom token

Fantom FTM today is officially part of KuCoin‘s reliable and promising cryptocurrency exchange market. Deposits are now available with supported trading pairs such as FTM/BTC and FTM/ETH. Buying schedule commencing at 17:30 (UTC+8), while Selling order at 18:00 (UTC+8), and Withdrawal at 20:00 (UTC+8).

About Fantom (FTM)

Fantom is recognized as the premier smart contract platform in the world that is based on DAG technology. It is bound to solving the concerns of scalability and long confirmation time of the existing blockchain based technology. Its team has set an output point of 300k actions per second (TPS).

Transactions on the Fantom platform are performed asynchronously with prompt confirmation unlike those of EOS and Cardon. Trade from one wallet to another is nearly zero cost (less than $0.01). Fantom offers unlimited scalability resulting from the support of more nodes which in turn rises processing capability.

Transparency and trust are existing since the platform is open-sourced. The overall aim is to be among the first platforms to disrupt the existing payments and supply-chain management industries, to be realized through a fast transaction, decreased costs and high clarity. The authentic Fantom design is divided into three layers namely; the Opera core layer which creates vents and maintains compatibility across all nodes via the Lachesis Protocol, the Opera Ware Layer which distributes payments, rewards, and writing storage data, and lastly the Opera Application Layer which implements APIs for dApps to utilize the Opera ware layer. One other notable feature of Fantom is storage data. The advantage that Fantom has over Ethereum is its ability to track past transaction by leveraging Story Data. The primary use of FTM token is in staking and rewarding spectator nodes included in the validation of the network.

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