What is Fantom (FTM)

1. Project Introduction
Fantom (FTM) is a high-speed, high-performance open-source Layer 1 smart contract platform that supports multiple digital assets and decentralized applications (dApps). Fantom addresses the blockchain trilemma—scalability, security, and decentralization—using its unique Directed Acyclic Graph (DAG) model and the Lachesis consensus algorithm. Fantom ensures security through a Proof of Stake (PoS) consensus mechanism, capable of processing up to 300,000 transactions per second, and is Ethereum Virtual Machine (EVM) compatible via its Opera mainnet, providing smart contract functionality. Fantom is also a comprehensive DeFi platform, allowing users to stake, mint cryptocurrencies, borrow, trade, and more within its ecosystem. The official wallet, fWallet, supports FTM and related services. In 2024, the Fantom Foundation announced the launch of the Sonic Foundation and Sonic Labs, with plans to introduce the Sonic Blockchain, aimed at achieving sub-second finality and high performance.
Summary: Fantom leverages DAG technology and the Lachesis consensus algorithm to provide efficient blockchain performance and broad support for decentralized applications. As a DeFi platform, Fantom offers a variety of financial services, driving rapid development within its ecosystem.
2. Team & Investment Info
Fantom’s CEO and CIO, Micheal Kong, previously served as CTO at MyStake and Liberte & Co. He co-founded the blockchain-based equity management platform Horyzon. Andre Cronje is the DeFi architect of Fantom, known for founding Yearn Finance and his extensive experience in the blockchain and cryptocurrency space.
Fantom has formed partnerships with leading industry companies such as Chainlink, Band Protocol, The Graph, and Covalent.
Funding:
Fantom completed four major funding rounds in 2018, with investors including 8Decimal Capital, Alameda, Arrington XRP, Block Tower, and Obsidian Capital. In May 2024, the Fantom Foundation raised $10M in strategic funding, led by Hashed, with participation from UOB Ventures, Signum Capital, SoftBank, Aave Foundation, and several angel investors, including Stani Kulechov, Robert Leshner, Michael Egorov, Fernando Martinelli, Tarun Chitra, and Sam Kazemian.
3. Social Media URLs
X: https://x.com/FantomFDN
Telegram: https://t.me/Fantom_English
Discord: https://discord.gg/STrtzvaUTe
YouTube: https://www.youtube.com/channel/UC0T0nLjwUaLDiSONLBxY8IQ
4. Token Info
Token Symbol: FTM
Total Supply: 3,175,000,000
Token Type: ERC-20
Issuance/Burn Mechanism: Initial inflation rate of 5% per year.
Contract Address: 0x4E15361FD6b4BB609Fa63C81A2be19d873717870
Token Distribution:
ICO: 40%
Advisors: 15%
Founding Team: 10%
Strategic Reserves: 3.6%
Remaining Unallocated Tokens: Primarily used for staking rewards
5. Related Links
Official Website: https://fantom.foundation/
GitHub: https://github.com/Fantom-Foundation
White Paper: https://fantom.foundation/fantom-research-papers/