Introduction to Fantom (FTM)
FTM tokens are used as payment for transaction fees, stake on the network for security purposes, and participate in on-chain governance. Their mainnet was launched back in December 2019 with 3,175 billion FTM issued. During the new age of blockchain technology, we have seen many forks of the Ethereum chain evolve. In early 2021 we saw BNB along with their new Binance Smart Chain gain massive growth. Fantom was not slow to come after reaching over 600,000 transactions in one day by May 5, 2021.
Smart Contracts on Fantom
Smart contracts are the core of most chains that have seen growth lately. Fantom supports EVM, which makes it very easy for developers to move their projects to their chain. We have seen multiple platforms that support Binance Smart Chain, Ethereum Chain, and Fantom at the same time. This is huge for both developers and users since the code is not bound to a certain chain.
Fantom Price Chart