{"id":8189,"date":"2022-01-20T11:50:29","date_gmt":"2022-01-20T11:50:29","guid":{"rendered":"https:\/\/tokpie.io\/blog\/?p=8189"},"modified":"2022-01-20T11:52:18","modified_gmt":"2022-01-20T11:52:18","slug":"fantom","status":"publish","type":"post","link":"https:\/\/tokpie.io\/blog\/fantom\/","title":{"rendered":"Discover Fantom: FTM token"},"content":{"rendered":"\n

The year 2021 was the best period for every blockchain network that provides instant and cheap transactions compared to the Ethereum chain. One of such networks is the Fantom. It’s an open-source smart contract platform that gives developers a fast and high-throughput solution for digital assets and dApps. Proceed with reading to learn more about this fast-growing blockchain and its FTM token. Also, you’ll find instructions on how to trade FTM tokens on the Tokpie exchange.<\/p>\n\n\n\n

What’s the Fantom?<\/h2>\n\n\n\n

The Fantom is a blockchain platform offering developers decentralized finance (DeFi) services using a consensus algorithm. Simultaneously, Fantom’s solution provides users with speed, security, and scalability. Moreover, everyone can enjoy money transfers which take approximately 1 second at the cost of around $0.0000001. The network actively attracts crypto projects because the migration from the Ethereum blockchain is so simple. Over eighty companies have already deployed, so Fantom’s ecosystem is rising. Why? Because startups can use Solidity and other tools they’re already familiar with: Remix, Truffle, and MetaMask. Besides, Fantom supports the EVM. So, developers can deploy dApps just like on Ethereum.\u00a0<\/p>\n\n\n\n

Validators<\/h2>\n\n\n\n

Also, the primary utility of the FTMs tokens on Fantom’s chain is the ability to secure the network via the Proof-of-Stake model. However, to create a validator node, you need to keep a minimum of 3,175,000 $FTM. It’s a lot of money. Of course, the reward is also huge. In return, validators get remuneration and share in the network’s fees. As for now, 51 validators benefit from the growing number of on-chain transactions (image below).<\/p>\n\n\n\n

\"Fantom's
Fantom’s transactions and validators.<\/figcaption><\/figure><\/div>\n\n\n\n

What’s the FTM token?<\/h2>\n\n\n\n

Currently, the FTM token is running on Fantom’s mainnet, on the Ethereum chain as ERC20, and the Binance Smart Chain as BEP-20 token. People can use this cryptocurrency to secure the network through\u00a0validating<\/a>\u00a0and staking, governance, payments, and network fees payments. By the way, holders can stake and earn up to around 13% APR. Also, the good news for potential holders is that the total supply is strictly limited to the 3,175,000,000 $FTM. Now, 2.541 billion are already in circulation. The rest coins the team has reserved for staking rewards. So, the circulation should reach the total supply due to 2024.<\/p>\n\n\n\n