Let me take you to understand what FTM currency is in one minute

FTM Coin is the native cryptocurrency of the Fantom network, using DAG technology to provide extremely high transaction speeds and low fees for payment of transaction fees, staking and governance. The network uses the Lachesis protocol, which ensures consensus even when the network is congested. The value of FTM Coin is driven by its high throughput, low fees and active community.

What is FTM Coin?

FTM Coin is the native cryptocurrency of the Fantom network. Fantom is a high-performance smart contract platform based on DAG (Directed Acyclic Graph) technology.

Learn about FTM coin in one minute

• Usage: FTM coin is used to pay transaction fees, staking and governance.
• Technology: Fantom uses DAG technology to provide extremely high transaction speeds and low fees.
• Consensus mechanism: Lachesis protocol, an improved Byzantine fault-tolerant algorithm.

In-depth understanding of FTM currency

Technical basis:

• DAG technology eliminates the problem of blockchain limits, enabling ultra-fast transactions.
• The Lachesis protocol ensures consensus is reached even when the network is congested.

Features and Use Cases:

• Transaction Fees: Pay transaction fees on the Fantom network.
• Staking: FTM holders stake their tokens to earn rewards and secure the network.
• Governance: Holding FTM coins gives the holder the right to vote on the development of the network.

Economics:

• Supply: Total supply is 317,500,000 FTM.
• Issue: Released in stages to reward stakers and fund network development.

Value Drivers:

• High Throughput: Fantom’s fast transaction capabilities make it a distributed application ideal platform.
• Low Fees: Fantom’s transaction fees are significantly lower compared to other smart contract platforms.
• Active Community: Fantom has a strong community of developers and users, which contributes to its growth and development.

Conclusion

FTM coin is the native token of the Fantom network. It plays a vital role in supporting the operation of the network, motivating participants and promoting governance. role. With its advantages of DAG technology, high throughput and low fees, FTM Coin occupies a unique position in the field of smart contract platforms.

Fantom (FTM)

Current price: $0.6376
24-hour trading volume: $198572489.29
Circulation market cap: $1787643845.54

Recent Changes

The price of FTM fell by 2.91% in the past 24 hours.

causing price movement

The price drop may be attributed to the overall depressed sentiment in the cryptocurrency market and fears of an economic recession.

Future Price Movement

Future price movement is highly uncertain, but as the cryptocurrency market improves and economic concerns subside, the price of FTM may recover.

It is recommended that

• invest cautiously considering market fluctuations.
• Only invest what you can afford.
• Regularly review your investments and make adjustments based on market conditions.

Short-term trend forecast

FTM’s short-term trend is likely to remain volatile, but is expected to rebound when market sentiment improves.

Indicators

• Circulation: 2803634835.5266
• Maximum supply: N/A
• Total supply: 2803634835.5266

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