Fantom (FTM) to Convert to S Tokens Starting January 13th

The platform will offer free swaps for the first 90 days following the conversion start date. Additionally, 190.5 million tokens, representing 6% of the total supply

Starting on January 13th at 00:00 UTC, Fantom will begin converting FTM to S tokens.

The platform will offer free swaps for the first 90 days following the conversion start date. Additionally, 190.5 million tokens, representing 6% of the total supply, have been allocated for a points-based airdrop running until mid-2025.

FTM Info

FTM is the native utility token of the Fantom blockchain, a high-performance, scalable, and secure smart-contract platform. It is designed to overcome the limitations of traditional blockchain platforms by offering faster transaction speeds and improved scalability. Launched in 2018, Fantom is an open-source platform for decentralized applications (DApps) and digital assets, positioning itself as an alternative to Ethereum. It aims to strike a balance between scalability, security, and decentralization.

The Fantom blockchain operates on a unique Layer-1 architecture, utilizing its bespoke consensus mechanism called Lachesis. Lachesis is an Asynchronous Byzantine Fault Tolerant (aBFT) consensus engine that employs a Directed Acyclic Graph (DAG) algorithm for efficient and rapid transaction processing. This engine enables near-instant transaction finality and ensures high throughput, capable of handling thousands of transactions per second at a fraction of the cost.

Moreover, Fantom's network supports the EVM-compatible Opera smart contract chain, providing a platform for application development and integration with Ethereum-based systems.