Fantom is an open-source, decentralized, and permissionless smart contract platform for dApps and digital assets. Its network architecture is said to provide a steady balance of decentralization, security, and scalability. Fantom uses a state-of-the-art aBFT consensus algorithm called Lachesis.
FTM is the platform’s native utility token; it powers the entire Fantom blockchain ecosystem.
FTM is available as a native mainnet coin, as well as a BEP-2 token in the Binance ecosystem and an ERC-20 token in the Ethereum ecosystem.
FTM tokens are used for:
Staking: Fantom uses a proof-of-stake model. Every transaction is verified by the nodes made up of others' tokens.
Governance: Fantom is decentralized, so token holders influence the decisions on its future by proposing changes and voting on them.
Network fees: The fees on Fantom network (for deploying smart contracts, transactions, and creating new networks) are paid with FTM.
Payments: fast transaction speeds (two seconds at the most) and low fees (a fraction of a cent) make it a convenient option to transfer funds.
Some experts view Fantom as a solid cryptocurrency investment. However, fantom crypto price oscillates, so be careful when making decisions.
The fantom coin price at the moment is $1.59. Its 24-hour trading volume equals $383,960,590, which is 4.29% down compared with the same numbers 24 hours ago.
During the latest 24 hours, FTM token price fluctuated between $1.51 (Low) and $1.68 (High)
The maximum supply equals 3.175 billion coins, with 2.55 billion in circulation as of today.
Fantom’s live market capitalization is $4,049,893,734 USD; currently its rank is #42 by market cap.
Today’s crypto markets are extremely volatile: prices of currencies, including FTM (fantom crypto), are changing very quickly. Wunderbit serves as an intermediary; it was actually created to facilitate trading or investing on such a promising market.
Wunderbit’s functionality will come in equally handy, whether you are a novice or an expert. The crypto copy trading function enables you instantly copy the transaction made by so-called signalers, i.e., seasoned professionals. When you subscribe to someone’s signals, you’ll be able to make the same action immediately. Everything you need is to set up your bot.
Performance of the signalers is absolutely transparent, so that you can select the most successful ones and follow them.
Trading script allows you to create multiple crypto copy trading and enter into transactions automatically.
One more option available here is arbitrage - purchasing and selling some asset simultaneously. You gain profit from fantom stock price difference, say, on different exchanges.
And that’s not to mention plenty of useful info. For instance, live charts will keep you aware of FTM price or that of any other token.
With Wunderbit, trading becomes as easy as ABC!