One article comprehensively introduces the FTM coin project

FTM is a cryptocurrency and the native token of the Fantom blockchain. It is used to pay for transaction fees, staking, governance, and incentives. Compared to other cryptocurrencies, FTM offers advantages such as scalability, low fees, fast confirmation times, and compatibility with Ethereum. It can be used for payment, investment, staking and development.

What is FTM?

FTM is a cryptocurrency and the native token of the Fantom blockchain.

Fantom Blockchain

Fantom is a smart contract platform based on the Directed Acyclic Graph (DAG) consensus mechanism. It aims to solve the scalability and performance issues of blockchain platforms such as Ethereum. Specifically, Fantom aims to:

• High throughput: Process thousands of transactions per second
• Low fees: Each transaction costs just a few cents
• Fast confirmation times: Almost instant transaction confirmation

FTM Token

FTM Token Plays a vital role in the Fantom blockchain and is used for:

• Pay transaction fees: Users need to pay FTM procedures when conducting transactions on the Fantom blockchain fee.
• Staking: Users holding FTM can verify transactions and earn rewards by staking their tokens.
• Governance: FTM holders can participate in the governance of the Fantom blockchain, vote on proposals, and influence the future development of the platform.
• Incentives: FTM tokens can be used to incentivize application developers and ecosystem contributors.

Advantages of FTM

FTM has some key advantages compared to other cryptocurrencies:

• Scalability: Fantom's DAG consensus mechanism allows it to handle large volumes of transactions without sacrificing decentralization.
• Low Fees: Transaction costs on Fantom are very low compared to blockchains like Ethereum.
• Fast Confirmation Times: Fantom’s transactions are confirmed almost instantly, which eliminates the latency issues found in traditional blockchains.
• Compatibility: Fantom is compatible with the Ethereum Virtual Machine (EVM), allowing developers to easily port Ethereum applications to Fantom.

Uses of FTM

FTM tokens have many uses in the cryptocurrency ecosystem, including:

• Payments: FTM can be used to make payments in Fantom-enabled stores and services.
• Investment: FTM can be purchased and held as an investment vehicle with the hope that its value will increase over time.
• Staking: FTM holders can earn passive income by staking their tokens.
• Development: FTM can be used to fund application and project development within the Fantom ecosystem.

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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