The current price of Fantom is $0.96920. Since 00:00 UTC, Fantom has increased by +0.14%. It currently has a circulating supply of 2,803,634,836 FTM and a maximum supply of 3,175,000,000 FTM, giving it a fully diluted market cap of $2.72B. At present, the Fantom coin holds the 33 position in market cap rankings. The Fantom/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
Fantom is a fast, high-performance, open-source Layer 1 smart contract platform that hosts multiple digital assets and decentralized applications (dApps). FTM is the name and ticker symbol of the native ERC-20 token of the protocol.
Fantom aims to solve the blockchain trilemma, which discusses the trade-off between scalability, security, and decentralization via a directed acyclic graph (DAG)-based model. It uses the Lachesis consensus algorithm, a DAG-based asynchronous algorithm integrated with its mainnet. The technology enables the network to scale to several nodes distributed worldwide in a permissionless and open environment.
The Lachesis consensus algorithm also allows the protocol to facilitate 300,000 transactions per second. In addition, the Opera mainnet, which enables smart contracts through the Ethereum Virtual Machine (EVM), employs a leaderless Proof of Stake (PoS) consensus to enhance security.
Being a one-stop suite for decentralized finance (DeFi), Fantom provides users with an array of financial services such as liquid staking, crypto asset minting, lending, borrowing, and trading. Its official wallet, fWallet, lets users transfer money, stake FTM, and access the ecosystem. FTM is also fully compatible with several other wallets, like the OKX wallet, MetaMask, and various hardware wallets.
FTM is primarily used to secure the network via a Proof of Stake system, for governance, and pay network fees. FTM can also be staked to delegators that operate the network. FTM is also the main currency of exchange on Fantom and can be used in the network’s dApps and to buy Fantom NFTs.
FTM price and tokenomics
FTM has a total supply of 3.175 billion tokens. The platform employs an inflationary model. In its initial coin offering (ICO) that ended on June 18, 2018, 40 percent of the total supply was distributed. Additionally, 15 percent, 10 percent, and 3.6 percent were allocated to advisors, the founding team, and the strategic reserve. The tokens not in circulation are reserved for staking rewards.
On August 30, 2021, FTM announced its incentive program, which allocated 370 million FTM. The program enables protocol teams to apply for rewards based on their total value locked, scaling from one million to five million tokens in the first stage.
About the founders
The CEO and CIO of Fantom, Micheal Kong, has worked as CTO at MyStake and Liberte & Co. He also co-founded Horyzon, an equity management platform built on blockchain technology.
Andre Cronje is the DeFi architect of Fantom. Cronje has extensive experience in the blockchain and cryptocurrency industries and is well-known for founding Yearn Finance.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 2.8K new posts about Fantom, driven by 401 contributors, and total online engagement reached 1.1M social interactions. The sentiment score for Fantom currently stands at 71%. Compared to all cryptocurrencies, post volume for Fantom currently ranks at 1577. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Fantom.
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Posts
2,769
Contributors
401
Interactions
1,103,704
Sentiment
71%
Volume rank
#1577
X
Posts
1,741
Interactions
290,072
Sentiment
88%
FTM FAQ
How much is Fantom worth today?
Currently, one Fantom is worth $0.96920. For answers and insight into Fantom's price action, you're in the right place. Explore the latest Fantom charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Fantom, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Fantom have been created as well.
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