SoSo ValueGmx In-depth Report by AI
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SoSo ValueTerra Luna Classic In-depth Report by AI
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SoSo ValueKlaytn In-depth Report by AI
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SoSo Value is a one-stop financial research platform for Crypto investors. We provide meticulously curated and up-to-date information on cry
SoSo ValueGmx In-depth Report by AI
Gmx In-depth Report Generated by AI - For further details, please review: https://sosovalue.xyz/zh/trade/GMX-USDT-BINANCE1)What is gmx (GMX)?GMX (GMX) is a utility and governance token primarily used within a decentralized derivatives market. The market operates on the Ethereum layer-2 solution, Arbitrum. This platform enables users to engage in spot trading and trade perpetuals, which are types of financial derivatives. GMX was initially launched as Gambit Financial on the BNB chain before r...
SoSo ValueTerra Luna Classic In-depth Report by AI
Terra Luna Classic In-depth Report Generated by AI - For further details, please review: https://sosovalue.xyz/zh/trade/LUNC-USDT-BINANCE1)What is terra-luna（LUNC）?Terra Luna Classic (LUNC) is a cryptocurrency that originated from the Terra blockchain ecosystem, which experienced a significant collapse in May 2021. The Terra ecosystem, developed by Terraform Labs and co-founded by Do Kwon and Daniel Shin, initially aimed to offer stablecoins pegged to various fiat currencies like the US dolla...
SoSo ValueKlaytn In-depth Report by AI
Klaytn In-depth Report Generated by AI - For further details, please review: https://sosovalue.xyz/zh/trade/KLAY-USDT-BINANCEWhat is klay（KLAY）?Klay (KLAY) is a cryptocurrency native to the Klaytn blockchain platform, which was developed by the South Korean internet giant Kakao Corp. Klaytn is a public blockchain platform focusing on integrating the distributed governance and decentralized control of public blockchains with the low latency and high scalability of private blockchains, in an ef...
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Fantom In-depth Report Generated by AI - For further details, please review:
https://sosovalue.xyz/zh/trade/FTM-USDT-BINANCE
Fantom is a blockchain platform designed to support the creation of decentralized applications (DApps). It's been operational for over four years, gaining prominence with its FTM coin peaking in value in late 2021. Fantom's unique appeal lies in its speed and efficiency. It utilizes a system where individual computers, or nodes, on the network independently verify transactions, preventing congestion and facilitating faster processing.
At the core of Fantom's technology is its novel Lachesis protocol, which forms the foundation of the Fantom Opera platform. This platform is a public, leaderless, asynchronous Byzantine Fault Tolerant (BFT) blockchain, characterized by its guaranteed deterministic finality. This means that once transactions are recorded on the blockchain, they are final and irreversible. The Lachesis protocol contributes to a smaller overall system size, theoretically making it quicker.
Fantom's overall system uses a Proof-of-Stake (PoS) consensus mechanism. In this system, participants are chosen to add blocks to the blockchain based on the amount of FTM cryptocurrency they hold. Holders of the FTM coin also have the ability to vote on changes to the network. Additionally, FTM is utilized as a payment method for those operating nodes on the Fantom network, and the coin can be bought, sold, and traded on various cryptocurrency exchanges.
In recent developments, Fantom has focused on incentivizing and rewarding projects that utilize its network extensively, especially those contributing to high gas fee usage. This initiative aims to increase demand for block space on the Fantom blockchain. However, it's also important to note that Fantom has faced challenges, including experiencing major hacks in its system. These incidents have impacted its market performance and raised concerns about security within its ecosystem.
Regarding its market performance, as of November 24, 2023, Fantom was trading at $0.30 per FTM, significantly below its all-time high of $3.48. Its current circulating supply was reported as 2,803,634,835.527 FTM. Predictions for its future price vary, with some sources suggesting potential growth, while others remain cautious due to past volatility and security issues.
In summary, Fantom presents an innovative approach to blockchain technology, focusing on speed and efficiency through its unique Lachesis protocol. While it offers potential for decentralized application development and has implemented strategies to incentivize network usage, it has also faced significant security challenges and market volatility.
Fantom belongs to the sector of Smart Contract Platforms. It's a decentralized, open-source platform that supports decentralized applications (dApps) and digital assets. Fantom, specifically known for its high speeds and low costs, operates as a Layer 1 blockchain network, compatible with Ethereum Virtual Machine (EVM). This categorization places it alongside other notable smart contract platforms like Ethereum, Solana, and Cardano.
The current situation and development prospects of the smart contract platform sector are quite dynamic. The global market for smart contracts was valued at USD 684.3 million in 2022 and is expected to grow at a CAGR of 82.2% from 2023 to 2030. This growth is driven by increasing adoption of blockchain technology, technological innovation, increased efficiency, cost savings, and the expanding demand for Decentralized Finance (DeFi).
Smart contracts, which are digital programs that execute actions when predetermined conditions are met, enhance efficiency and reduce the risk of errors and disputes. They find applications in a wide range of business processes, including insurance claims, real estate transactions, and even voting systems. Fintech is playing a crucial role in the smart contracts market, integrating smart contract technology with existing financial systems to streamline financial processes and reduce costs.
However, the sector faces challenges such as a lack of knowledge and understanding among potential users, a shortage of skilled professionals, and the complexity of smart contract systems. The COVID-19 pandemic has positively impacted the market, as the adoption of digital technologies increased significantly, with smart contracts offering secure and efficient ways to automate business processes.
In terms of market segments, Ethereum dominated the market in 2022, while Polkadot is anticipated to register significant growth due to its scalability and interoperability. Public blockchains were the dominant type in the market, but private blockchains are expected to see growth due to their enhanced privacy and security features.
Decentralized Autonomous Organizations (DAOs) and application logic contracts are significant segments within the market. DAOs distribute ownership and decision-making across a network of participants, while application logic contracts enable secure and autonomous device operations.
Large enterprises dominated the market in 2022, but small and medium enterprises are expected to grow significantly, benefiting from the cost-effectiveness and efficiency of smart contracts. The BFSI and retail segments are major adopters of smart contracts, with the former using them for peer-to-peer transactions and error-free insurance claim processing, and the latter for automating and streamlining supply chain management.
Geographically, North America led the market in 2022, and the Asia Pacific region is expected to emerge as the fastest-growing market. The industry is evolving rapidly, with trends like platform interoperability, customizable smart contract templates, low-code or no-code smart contract development, and integration with decentralized finance (DeFi).
In conclusion, Fantom is part of a growing and evolving smart contract platform sector, with its unique features contributing to the overall growth and innovation within this space. The sector faces challenges but also presents significant opportunities for development and expansion in various industries and regions worldwide.
The tokenomics of Fantom (FTM), including its allocation and supply schedule, are structured as follows:
Token Allocation: The initial token distribution of FTM was categorized into various segments:
Block Rewards: 32.75% of the total supply.
Advisors/Contributors: 12.00%.
Strategic Reserve: 6.00%.
Public Sale: 1.57%.
Private Sale II: 11.69%.
Private Sale I: 25.35%.
Seed Sale: 3.15%.
Supply Schedule: - The initial launch date for FTM tokens was June 15, 2018. - The maximum supply of FTM is capped at 3,175,000,000 tokens. - The supply of FTM is expected to be fully vested by December 31, 2025. - The emission rate of FTM tokens is inflationary since its genesis.
Creation and Distribution: - The FTM token supply was fully premined before the mainnet launch. - Approximately half of the token supply was sold to private investors for the project’s development. - The remaining supply was allocated to token rewards, airdrops, team members, advisors, and other entities. - Funding rounds included a seed sale, two private sales, and a public sale (ICO). - The initial token supply was divided among premined rewards and airdrops (32.75%), founders and the project (25.49%), and investors (41.76%).
Token Utility and Management: - FTM tokens are used to secure the Fantom network via a Proof-of-Stake system, requiring validator nodes and stakers to lock up FTM tokens to participate. They receive epoch rewards and fees for their service. - The tokens serve as a means for on-chain governance, allowing stakers to propose and vote for changes and improvements. - FTM is used for network fees, such as transaction fees and fees for deploying smart contracts or creating new networks. The fees are modest but act as a deterrent against spam and attacks. - The total circulating supply of FTM is 2.1 billion, with the rest reserved for staking rewards. The current level of rewards suggests it will take more than two years to distribute all rewards and reach full circulation.
Staking and Governance: - Staking FTM tokens bolsters network security, offering rewards to users who stake their tokens. The process is simple and doesn’t require specialized hardware or software. - FTM tokens are also used in governance. Investors can submit and vote on governance proposals, influencing the network’s direction and inviting developers to introduce new features. A certain amount of FTM is required to submit proposals, preventing spam. - Transaction fees and charges for deploying smart contracts or creating new networks on Fantom are paid in FTM. These fees are designed to deter frivolous data clogging and to present a significant barrier against potential attackers.
In conclusion, Fantom’s tokenomics encompass a detailed plan for token allocation, supply schedule, creation, distribution, and management. The system is designed to support the network’s security, governance, and efficient operation, with an emphasis on incentivizing participation through staking and governance mechanisms. The distribution of tokens through various sales rounds and the structured allocation for different purposes reflect a comprehensive approach to managing the token supply and utility within the Fantom ecosystem.
The team behind Fantom and its funding history is quite diverse and significant. Team and Key Individuals:
Founders: Fantom was founded by Dr. Ahn Byung Ik, a South Korean computer scientist, and co-founder of the food-tech platform SikSin. Later, Michael Kong and Quan Nguyen were also key in establishing the Fantom Foundation in 2018.
Key Advisors and Contributors:
Andre Cronje: A well-known blockchain developer, played a crucial role as a key advisor during the launch of Fantom.
Michael Kong: Currently the CEO/Director of Fantom.
David Richardson: Serves as the Executive Chairman.
Quan Nguyen, PhD: Holds the position of CTO.
Professor Bernhard Scholz: Acts as the Chief Research Officer.
Several other experts and professionals form part of the Fantom team, including PhDs, engineers, business development directors, legal counsels, and marketing heads.
Initial Coin Offering (ICO): Fantom raised over $40 million in its ICO in 2018.
Token Distribution:
32.75% allocated to Block Rewards.
12.00% to Advisors/Contributors.
6.00% to Strategic Reserve.
1.57% to Public Sale.
11.69% to Private Sale II.
25.35% to Private Sale I.
3.15% to Seed Sale.
$2.0M raised in Public Sale (June 2018).
$12.9M in Private Sale 2 (May 2018).
$24.8M in Private Sale 1 (May 2018).
$1.6M in Seed Round (February 2018).
This information highlights the strong and diverse leadership at Fantom, along with a substantial funding history that has contributed to its development and growth.
I have gathered some key information about the development history of Fantom:
Launch: Fantom was officially launched in January 2018 by the Fantom Foundation, after extensive research and planning.
Lachesis Protocol and DAG Implementation: The Lachesis consensus protocol and a directed acyclic graph (DAG) were pivotal in Fantom’s functioning, helping the network achieve Byzantine fault tolerance asynchronously.
Opera Chain Development: In December 2019, Fantom developed its first layer, Opera Chain, which is compatible with the Ethereum Virtual Machine smart contract, allowing FTM to be available as an ERC-20 token standard.
Binance Chain Integration: In the second quarter of 2019, Fantom announced integration with Binance Chain, making FTM available as BEP-2 tokens on Binance Chain.
NFT Marketplace Launch: In September 2021, a founding member, Andre Conje, launched an NFT marketplace on the Fantom network.
Token Launch: In the last quarter of 2018, Fantom launched its native currency, FTM, which began trading at around $0.02. The initial coin offering (ICO) raised $40 million.
Unfortunately, I wasn’t able to locate a complete, detailed timeline of all significant events and milestones in Fantom’s development process. For a more comprehensive understanding, I recommend consulting the Fantom Foundation’s official website or detailed project reviews available on crypto-focused news and analysis websites.
Fantom has marked several significant milestones and developments since its inception, with notable events including:
Launch of Fantom (Jan 2018):After extensive research and planning, Fantom was officially launched by the Fantom Foundation, a team of engineers, scientists, researchers, designers, and entrepreneurs.
Lachesis Consensus Protocol and Opera Chain (Dec 2019):Fantom introduced the Lachesis consensus protocol and the Opera Chain, which brought compatibility with the Ethereum Virtual Machine smart contract, allowing FTM to be available as an ERC-20 token.
Integration into Binance Chain (Q2 2019):A significant development was its integration into Binance Chain, making FTM available as BEP-2 tokens, which meant that Binance Chain would handle transactions on this network.
Launch of NFT Marketplace (Sept 2021):Andre Cronje, a founding member, launched an NFT marketplace on the Fantom network.
Release of Testnet and Opera Mainnet (Late 2019):Fantom released its testnet for developers in late 2019, followed by the launch of the Opera mainnet in December 2019, which supported EVM and Solidity smart contract features and ran on the Lachesis consensus mechanism.
Focus on Decentralized Application (dApp) Ecosystem:Fantom is concentrating on the dApp ecosystem, aiming to provide a secure settlement layer for all decentralized activities and introducing new revenue models like gas monetization.
Gas Monetization and Subsidies:Plans include allowing dApps to earn revenue based on the gas used, and implementing gas subsidies for smoother user onboarding without the need for a wallet or knowledge of FTM.
Account and Gas Fee Abstraction:Fantom will not differentiate between contracts and Externally Owned Accounts (EOA), and will allow fees to be paid with tokens other than FTM.
New Middleware and Performance Engineering:The introduction of new middleware to overcome the limitations of Ethereum Virtual Machine (EVM) and optimization of performance engineering are also planned.
Documentation & Training:Updating documentation and training for developers, with a focus on DApp builders and showcasing the uniqueness of other Layer-1s.
Financial Stability and Funding:Continuing focus on financial stability and providing funding opportunities and grants for existing DApp teams.
Marketing and Business Development:Pursuing marketing prospects and business development opportunities, with updates expected in Q1 or Q2 2023.
Andre Cronje’s New Role:Andre Cronje has been nominated and accepted a position as a member of the Board of Directors for Fantom Foundation Ltd and Fantom Operations Ltd.
These steps showcase Fantom’s commitment to innovation and growth, emphasizing the importance of a strong dApp ecosystem and financial stability as key drivers for its future developments.
Here is a list of important links related to Fantom, including official resources, wallets, explorer, APIs, and social media platforms:
Fantom Wallet (fWallet):
https://beta.fwallet.fantom.network/
Opera Explorer:
https://explorer.fantom.network/
Documentation:
https://docs.fantom.foundation/
Covalent API:
https://docs.fantom.foundation/
GitHub Repositories:
https://github.com/Fantom-foundation
https://github.com/Fantom-foundation
GraphQL API:
https://docs.fantom.foundation/
Social Media:
https://www.reddit.com/r/FantomFoundation/
These links provide access to a wide array of resources and platforms related to Fantom, catering to users, developers, and enthusiasts interested in the Fantom ecosystem.
The current valuation and future prospects of Fantom (FTM) and Bitcoin (BTC) can be understood through their recent market performance and expert analyses. Fantom (FTM) Valuation As of now, the live price of Fantom (FTM) is approximately $0.311455 USD, with a 24-hour trading volume of around $45,237,167 USD. Fantom has experienced a 3.23% increase in the last 24 hours. Its current CoinMarketCap ranking is #59, with a live market cap of $873,206,207 USD. It has a circulating supply of 2,803,634,836 FTM coins and a max. supply of 3,175,000,000 FTM coins. Bitcoin (BTC) Future Prospects
2023: Experts anticipate Bitcoin prices to range between a minimum of $32,098.38 and a maximum of $37,299.27, with an average price of $33,257.48.
Further Predictions: The price is expected to increase steadily in the coming years, reaching higher values each year through 2028. For instance, in 2028, the price is likely to range from a minimum of $203,585.68 to a maximum of $236,861.32.
Experts predict moderate changes in Bitcoin’s price before the next halving in 2024.
Dmitry Noskov from StormGain offers a bullish forecast of $45,000, attributing potential growth to banking sector bankruptcies and monetary policy impacts.
Denis Trapezenko, a trader-analyst, predicts that Bitcoin’s price will start 2024 at levels close to current prices ($28,000-$30,000).
The cryptocurrency market is recovering after the downturn in 2022, with Bitcoin being a major driving force in the industry. This recovery and market dynamics are influencing BTC price forecasts for 2023.
These analyses and predictions provide a glimpse into the potential future trends of Fantom and Bitcoin. It’s important to note that cryptocurrency markets are highly volatile and influenced by various external factors. Therefore, these predictions should be considered with caution and not as definitive forecasts.
Fantom In-depth Report Generated by AI - For further details, please review:
https://sosovalue.xyz/zh/trade/FTM-USDT-BINANCE
Fantom is a blockchain platform designed to support the creation of decentralized applications (DApps). It's been operational for over four years, gaining prominence with its FTM coin peaking in value in late 2021. Fantom's unique appeal lies in its speed and efficiency. It utilizes a system where individual computers, or nodes, on the network independently verify transactions, preventing congestion and facilitating faster processing.
At the core of Fantom's technology is its novel Lachesis protocol, which forms the foundation of the Fantom Opera platform. This platform is a public, leaderless, asynchronous Byzantine Fault Tolerant (BFT) blockchain, characterized by its guaranteed deterministic finality. This means that once transactions are recorded on the blockchain, they are final and irreversible. The Lachesis protocol contributes to a smaller overall system size, theoretically making it quicker.
Fantom's overall system uses a Proof-of-Stake (PoS) consensus mechanism. In this system, participants are chosen to add blocks to the blockchain based on the amount of FTM cryptocurrency they hold. Holders of the FTM coin also have the ability to vote on changes to the network. Additionally, FTM is utilized as a payment method for those operating nodes on the Fantom network, and the coin can be bought, sold, and traded on various cryptocurrency exchanges.
In recent developments, Fantom has focused on incentivizing and rewarding projects that utilize its network extensively, especially those contributing to high gas fee usage. This initiative aims to increase demand for block space on the Fantom blockchain. However, it's also important to note that Fantom has faced challenges, including experiencing major hacks in its system. These incidents have impacted its market performance and raised concerns about security within its ecosystem.
Regarding its market performance, as of November 24, 2023, Fantom was trading at $0.30 per FTM, significantly below its all-time high of $3.48. Its current circulating supply was reported as 2,803,634,835.527 FTM. Predictions for its future price vary, with some sources suggesting potential growth, while others remain cautious due to past volatility and security issues.
In summary, Fantom presents an innovative approach to blockchain technology, focusing on speed and efficiency through its unique Lachesis protocol. While it offers potential for decentralized application development and has implemented strategies to incentivize network usage, it has also faced significant security challenges and market volatility.
Fantom belongs to the sector of Smart Contract Platforms. It's a decentralized, open-source platform that supports decentralized applications (dApps) and digital assets. Fantom, specifically known for its high speeds and low costs, operates as a Layer 1 blockchain network, compatible with Ethereum Virtual Machine (EVM). This categorization places it alongside other notable smart contract platforms like Ethereum, Solana, and Cardano.
The current situation and development prospects of the smart contract platform sector are quite dynamic. The global market for smart contracts was valued at USD 684.3 million in 2022 and is expected to grow at a CAGR of 82.2% from 2023 to 2030. This growth is driven by increasing adoption of blockchain technology, technological innovation, increased efficiency, cost savings, and the expanding demand for Decentralized Finance (DeFi).
Smart contracts, which are digital programs that execute actions when predetermined conditions are met, enhance efficiency and reduce the risk of errors and disputes. They find applications in a wide range of business processes, including insurance claims, real estate transactions, and even voting systems. Fintech is playing a crucial role in the smart contracts market, integrating smart contract technology with existing financial systems to streamline financial processes and reduce costs.
However, the sector faces challenges such as a lack of knowledge and understanding among potential users, a shortage of skilled professionals, and the complexity of smart contract systems. The COVID-19 pandemic has positively impacted the market, as the adoption of digital technologies increased significantly, with smart contracts offering secure and efficient ways to automate business processes.
In terms of market segments, Ethereum dominated the market in 2022, while Polkadot is anticipated to register significant growth due to its scalability and interoperability. Public blockchains were the dominant type in the market, but private blockchains are expected to see growth due to their enhanced privacy and security features.
Decentralized Autonomous Organizations (DAOs) and application logic contracts are significant segments within the market. DAOs distribute ownership and decision-making across a network of participants, while application logic contracts enable secure and autonomous device operations.
Large enterprises dominated the market in 2022, but small and medium enterprises are expected to grow significantly, benefiting from the cost-effectiveness and efficiency of smart contracts. The BFSI and retail segments are major adopters of smart contracts, with the former using them for peer-to-peer transactions and error-free insurance claim processing, and the latter for automating and streamlining supply chain management.
Geographically, North America led the market in 2022, and the Asia Pacific region is expected to emerge as the fastest-growing market. The industry is evolving rapidly, with trends like platform interoperability, customizable smart contract templates, low-code or no-code smart contract development, and integration with decentralized finance (DeFi).
In conclusion, Fantom is part of a growing and evolving smart contract platform sector, with its unique features contributing to the overall growth and innovation within this space. The sector faces challenges but also presents significant opportunities for development and expansion in various industries and regions worldwide.
The tokenomics of Fantom (FTM), including its allocation and supply schedule, are structured as follows:
Token Allocation: The initial token distribution of FTM was categorized into various segments:
Block Rewards: 32.75% of the total supply.
Advisors/Contributors: 12.00%.
Strategic Reserve: 6.00%.
Public Sale: 1.57%.
Private Sale II: 11.69%.
Private Sale I: 25.35%.
Seed Sale: 3.15%.
Supply Schedule: - The initial launch date for FTM tokens was June 15, 2018. - The maximum supply of FTM is capped at 3,175,000,000 tokens. - The supply of FTM is expected to be fully vested by December 31, 2025. - The emission rate of FTM tokens is inflationary since its genesis.
Creation and Distribution: - The FTM token supply was fully premined before the mainnet launch. - Approximately half of the token supply was sold to private investors for the project’s development. - The remaining supply was allocated to token rewards, airdrops, team members, advisors, and other entities. - Funding rounds included a seed sale, two private sales, and a public sale (ICO). - The initial token supply was divided among premined rewards and airdrops (32.75%), founders and the project (25.49%), and investors (41.76%).
Token Utility and Management: - FTM tokens are used to secure the Fantom network via a Proof-of-Stake system, requiring validator nodes and stakers to lock up FTM tokens to participate. They receive epoch rewards and fees for their service. - The tokens serve as a means for on-chain governance, allowing stakers to propose and vote for changes and improvements. - FTM is used for network fees, such as transaction fees and fees for deploying smart contracts or creating new networks. The fees are modest but act as a deterrent against spam and attacks. - The total circulating supply of FTM is 2.1 billion, with the rest reserved for staking rewards. The current level of rewards suggests it will take more than two years to distribute all rewards and reach full circulation.
Staking and Governance: - Staking FTM tokens bolsters network security, offering rewards to users who stake their tokens. The process is simple and doesn’t require specialized hardware or software. - FTM tokens are also used in governance. Investors can submit and vote on governance proposals, influencing the network’s direction and inviting developers to introduce new features. A certain amount of FTM is required to submit proposals, preventing spam. - Transaction fees and charges for deploying smart contracts or creating new networks on Fantom are paid in FTM. These fees are designed to deter frivolous data clogging and to present a significant barrier against potential attackers.
In conclusion, Fantom’s tokenomics encompass a detailed plan for token allocation, supply schedule, creation, distribution, and management. The system is designed to support the network’s security, governance, and efficient operation, with an emphasis on incentivizing participation through staking and governance mechanisms. The distribution of tokens through various sales rounds and the structured allocation for different purposes reflect a comprehensive approach to managing the token supply and utility within the Fantom ecosystem.
The team behind Fantom and its funding history is quite diverse and significant. Team and Key Individuals:
Founders: Fantom was founded by Dr. Ahn Byung Ik, a South Korean computer scientist, and co-founder of the food-tech platform SikSin. Later, Michael Kong and Quan Nguyen were also key in establishing the Fantom Foundation in 2018.
Key Advisors and Contributors:
Andre Cronje: A well-known blockchain developer, played a crucial role as a key advisor during the launch of Fantom.
Michael Kong: Currently the CEO/Director of Fantom.
David Richardson: Serves as the Executive Chairman.
Quan Nguyen, PhD: Holds the position of CTO.
Professor Bernhard Scholz: Acts as the Chief Research Officer.
Several other experts and professionals form part of the Fantom team, including PhDs, engineers, business development directors, legal counsels, and marketing heads.
Initial Coin Offering (ICO): Fantom raised over $40 million in its ICO in 2018.
Token Distribution:
32.75% allocated to Block Rewards.
12.00% to Advisors/Contributors.
6.00% to Strategic Reserve.
1.57% to Public Sale.
11.69% to Private Sale II.
25.35% to Private Sale I.
3.15% to Seed Sale.
$2.0M raised in Public Sale (June 2018).
$12.9M in Private Sale 2 (May 2018).
$24.8M in Private Sale 1 (May 2018).
$1.6M in Seed Round (February 2018).
This information highlights the strong and diverse leadership at Fantom, along with a substantial funding history that has contributed to its development and growth.
I have gathered some key information about the development history of Fantom:
Launch: Fantom was officially launched in January 2018 by the Fantom Foundation, after extensive research and planning.
Lachesis Protocol and DAG Implementation: The Lachesis consensus protocol and a directed acyclic graph (DAG) were pivotal in Fantom’s functioning, helping the network achieve Byzantine fault tolerance asynchronously.
Opera Chain Development: In December 2019, Fantom developed its first layer, Opera Chain, which is compatible with the Ethereum Virtual Machine smart contract, allowing FTM to be available as an ERC-20 token standard.
Binance Chain Integration: In the second quarter of 2019, Fantom announced integration with Binance Chain, making FTM available as BEP-2 tokens on Binance Chain.
NFT Marketplace Launch: In September 2021, a founding member, Andre Conje, launched an NFT marketplace on the Fantom network.
Token Launch: In the last quarter of 2018, Fantom launched its native currency, FTM, which began trading at around $0.02. The initial coin offering (ICO) raised $40 million.
Unfortunately, I wasn’t able to locate a complete, detailed timeline of all significant events and milestones in Fantom’s development process. For a more comprehensive understanding, I recommend consulting the Fantom Foundation’s official website or detailed project reviews available on crypto-focused news and analysis websites.
Fantom has marked several significant milestones and developments since its inception, with notable events including:
Launch of Fantom (Jan 2018):After extensive research and planning, Fantom was officially launched by the Fantom Foundation, a team of engineers, scientists, researchers, designers, and entrepreneurs.
Lachesis Consensus Protocol and Opera Chain (Dec 2019):Fantom introduced the Lachesis consensus protocol and the Opera Chain, which brought compatibility with the Ethereum Virtual Machine smart contract, allowing FTM to be available as an ERC-20 token.
Integration into Binance Chain (Q2 2019):A significant development was its integration into Binance Chain, making FTM available as BEP-2 tokens, which meant that Binance Chain would handle transactions on this network.
Launch of NFT Marketplace (Sept 2021):Andre Cronje, a founding member, launched an NFT marketplace on the Fantom network.
Release of Testnet and Opera Mainnet (Late 2019):Fantom released its testnet for developers in late 2019, followed by the launch of the Opera mainnet in December 2019, which supported EVM and Solidity smart contract features and ran on the Lachesis consensus mechanism.
Focus on Decentralized Application (dApp) Ecosystem:Fantom is concentrating on the dApp ecosystem, aiming to provide a secure settlement layer for all decentralized activities and introducing new revenue models like gas monetization.
Gas Monetization and Subsidies:Plans include allowing dApps to earn revenue based on the gas used, and implementing gas subsidies for smoother user onboarding without the need for a wallet or knowledge of FTM.
Account and Gas Fee Abstraction:Fantom will not differentiate between contracts and Externally Owned Accounts (EOA), and will allow fees to be paid with tokens other than FTM.
New Middleware and Performance Engineering:The introduction of new middleware to overcome the limitations of Ethereum Virtual Machine (EVM) and optimization of performance engineering are also planned.
Documentation & Training:Updating documentation and training for developers, with a focus on DApp builders and showcasing the uniqueness of other Layer-1s.
Financial Stability and Funding:Continuing focus on financial stability and providing funding opportunities and grants for existing DApp teams.
Marketing and Business Development:Pursuing marketing prospects and business development opportunities, with updates expected in Q1 or Q2 2023.
Andre Cronje’s New Role:Andre Cronje has been nominated and accepted a position as a member of the Board of Directors for Fantom Foundation Ltd and Fantom Operations Ltd.
These steps showcase Fantom’s commitment to innovation and growth, emphasizing the importance of a strong dApp ecosystem and financial stability as key drivers for its future developments.
Here is a list of important links related to Fantom, including official resources, wallets, explorer, APIs, and social media platforms:
Fantom Wallet (fWallet):
https://beta.fwallet.fantom.network/
Opera Explorer:
https://explorer.fantom.network/
Documentation:
https://docs.fantom.foundation/
Covalent API:
https://docs.fantom.foundation/
GitHub Repositories:
https://github.com/Fantom-foundation
https://github.com/Fantom-foundation
GraphQL API:
https://docs.fantom.foundation/
Social Media:
https://www.reddit.com/r/FantomFoundation/
These links provide access to a wide array of resources and platforms related to Fantom, catering to users, developers, and enthusiasts interested in the Fantom ecosystem.
The current valuation and future prospects of Fantom (FTM) and Bitcoin (BTC) can be understood through their recent market performance and expert analyses. Fantom (FTM) Valuation As of now, the live price of Fantom (FTM) is approximately $0.311455 USD, with a 24-hour trading volume of around $45,237,167 USD. Fantom has experienced a 3.23% increase in the last 24 hours. Its current CoinMarketCap ranking is #59, with a live market cap of $873,206,207 USD. It has a circulating supply of 2,803,634,836 FTM coins and a max. supply of 3,175,000,000 FTM coins. Bitcoin (BTC) Future Prospects
2023: Experts anticipate Bitcoin prices to range between a minimum of $32,098.38 and a maximum of $37,299.27, with an average price of $33,257.48.
Further Predictions: The price is expected to increase steadily in the coming years, reaching higher values each year through 2028. For instance, in 2028, the price is likely to range from a minimum of $203,585.68 to a maximum of $236,861.32.
Experts predict moderate changes in Bitcoin’s price before the next halving in 2024.
Dmitry Noskov from StormGain offers a bullish forecast of $45,000, attributing potential growth to banking sector bankruptcies and monetary policy impacts.
Denis Trapezenko, a trader-analyst, predicts that Bitcoin’s price will start 2024 at levels close to current prices ($28,000-$30,000).
The cryptocurrency market is recovering after the downturn in 2022, with Bitcoin being a major driving force in the industry. This recovery and market dynamics are influencing BTC price forecasts for 2023.
These analyses and predictions provide a glimpse into the potential future trends of Fantom and Bitcoin. It’s important to note that cryptocurrency markets are highly volatile and influenced by various external factors. Therefore, these predictions should be considered with caution and not as definitive forecasts.
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