Fantom crypto asset (FTM) listing on Indodax. This asset is based on a smart contract network which is also based on a decentralized finance (DeFi) ecosystem.
Before you buy Fantom, which will be listed on the 4th week of June, you need to understand what Fantom is. So you don’t make the wrong choice and don’t just buy anything.
Understanding Phantom Crypto Assets (FTM)
Fantom is a Directed Acyclic Graph (DAG) smart contract platform that provides decentralized finance (DeFi) services to developers using a bespoke consensus algorithm.
Together with FTM, which is its internal token or crypto asset, Fantom aims to solve the problems associated with the smart contract platform. In particular the transaction speed, which the developer says has been reduced to less than two seconds.
The Fantom Foundation, which oversees Fantom’s product offerings, was created in 2018, with the launch of OPERA, the mainnet Fantom.
Fantom Founders
The Fantom Foundation was founded by South Korean computer scientist Dr. Ahn Byung Ik. Currently, the CEO of Fantom is Michael Kong.
The team behind Fantom has extensive experience especially in the field of full-stack blockchain development, and aims to create a smart contract platform that prioritizes scalability, decentralization, and security.
Fantom Uniqueness
Fantom is trying to use a new consensus mechanism to facilitate DeFi and related services based on smart contracts.
The mechanism, the system promises much higher capacity and two-second transaction settlement, along with increased security over traditional proof-of-stake (PoS) algorithm-based platforms.
Matching Ethereum, this project appeals to developers who want to implement a decentralized solution. According to its official literature, its mission is to “provide compatibility between all transaction bodies worldwide.”
Its internal PoS token, FTM, forms the backbone of transactions, and enables fee collection and staking activity, along with the rewards of the users it represents.
Through a token sale in 2018, Fantom raised nearly $40 million to fund the development program.
Phantom Crypto Asset Circulation (FTM)
FTM is a proof-of-stake (PoS) token that has actually existed in several incarnations.
The platform’s compatibility with Ethereum means that users can purchase the ERC-20 standard FTM. It is automatically converted to the original FTM once it is received in their wallet.
Another version of FTM is available on Binance Chain using the BEP2 standard. Only the original FTM can be used on the Fantom OPERA mainnet itself.
The total supply of FTMs is 3.175 billion tokens, of which 2,134,638,448 FTMs are currently in circulation. The rest will be released with a schedule running through 2023.
Staking is an important part of tokennomics, with a proportion of the stock reserved specifically for staking rewards for users holding FTM.
How to Buy Fantom Crypto Assets (FTM) at Indodax
Well, this week, FTM crypto assets will be listed on Indodax, namely open deposit on June 23, 2021 at 02.00 PM and open trading on June 24, 2021 at 02.00 PM.
Here’s how to buy it:
- For those of you who are not yet a member, click the link here.
- After that, make a deposit. For those of you who are confused about how to deposit, if you click this link
- After your deposit and balance come in, you can return to the market.
- Search FTM. Then click
- After logging in, you just have to buy by filling in the balance and at what price you want to buy FTM. Or you can also buy it instantly or directly.
- After that, you need to patiently wait for the price to increase for some time.
- After the price increases, you can sell it at a higher price with the instant method.
- If you sell with the limit method, you can place an order after buying. Make sure you enter a higher number when selling.
