What is FTM coin? Introduction to the issue price, total amount and white paper of FTM coins

FTM coin, the native token of the decentralized, open-source Fantom smart contract platform, was initially priced at $0.0019 in 2018.

Oct 27, 2024 at 01:27 pm

What is FTM Coin?

FTM coin, the native token of Fantom, is a decentralized, open-source smart contract platform that aims to overcome the limitations of existing blockchains by providing a faster, more secure, and more scalable platform.

Issue Price

The issue price of FTM coin was approximately $0.0019 at its initial token sale in 2018.

Total Amount

The total supply of FTM coin is capped at 3.175 billion tokens.

White Paper

The FTM coin white paper was published in 2018 and outlines the technical details, architecture, and vision of the Fantom platform. Key highlights from the white paper include:

aBFT Consensus:
FTM uses a consensus mechanism called aBFT (Asynchronous Byzantine Fault Tolerance) to achieve both speed and security.
Opera Mainnet:
The platform's mainnet is called Opera and is designed to provide fast and low-cost transactions, enabling the use of Fantom for a wide range of applications.
EVM Compatibility:
Fantom is compatible with the Ethereum Virtual Machine (EVM), allowing developers to easily migrate existing Ethereum-based projects to the Fantom platform.
Smart Contract Language:
FTM uses a custom smart contract language called Fanton, which is designed to be accessible to both experienced and novice developers.

Current Value and Market Position

As of today (October 12, 2023), the value of FTM coin is approximately $0.38 with a total market cap of over $1.2 billion. According to CoinMarketCap, FTM ranks among the top 100 cryptocurrencies based on market capitalization.

The Fantom platform has gained significant popularity in recent years, with over 150 projects and applications built using Fantom technology. The platform's focus on speed, security, and scalability makes it a promising platform for DeFi, NFT, and other blockchain applications.

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