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FANTOM
$0.012640
-4.31%
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  • Market Cap
    $22,924,645
  • 24h Vol (Global)
    ฿223 ($1,665,430)
  • Circulating Supply
    1,813,658,595
  • Issue Date
    2018-06-15
  • Issue Price
    $0.040000
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
3,175,000,0001,813,658,5952018-06-15$0.040000POS1
explorer.binance.org
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
2,102,665,842Ethashhttps://github.com/Fantom-founhttps://fantom.foundation/TOKEN

Blockchain technology has provided a way to maintain consensus across all nodes with no central authority. However the technology faces fundamental issues like a lack of real-time transaction settlement and scalability. Despite improved consensus algorithms, Some blockchain implementations such Bitcoin or Ethereum synchronize one block at a time. This results in slow confirmation times, one of the biggest factors stopping blockchain technology from being widely used across many industries. Although Smart Contract platforms such as Cardano and EOS have started to emerge, public Distributed Ledgers are still not widely used. To address these persistent issues, a new model based on the Directed Acyclic Graph (DAG) was developed. FANTOM is a new DAG based Smart Contract platform that intends to solve the scalability issues of existing public distributed ledger technologies. The platform intends to distinguish itself from the traditional block ledger-based storage infrastructure by attempting to employ an improved version of existing DAG-based pro-tocols. The FANTOM platform adopts a new protocol known as the “Lachesis Protocol” to maintain consensus. This protocol is intended to be integrated into the Fantom OPERA Chain. The aim is to allow applications built on top of the FANTOM OPERA Chain to enjoy instant transactions and near zero transaction costs for all users. The mission of FANTOM is to provide compatibility between all transaction bodies around the world, and create an ecosystem which allows real-time transactions and data sharing with low cost.

Teams
    Michael Chen

    Michael Chen

    Chief Marketing Officer

    Michael Chen has been involved in the blockchain industry as an investor, advisor, and consultant for 3 years. Previously, he worked as a consultant at companies such as the Fusion Foundation, Origin X Capital, Blockcloud, COT.io, and many more. Michael joined the Fantom Foundation as a marketing manager in 2018, and has fulfilled roles ranging from Business Development to Operations. Currently, he is the Chief Marketing Officer for Fantom.

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    Andre Cronje

    Andre Cronje

    Technical Advisor

    Andre Cronje is the Chief Crypto Code Reviewer at CryptoBriefing. With 20 years of development experience, he had been a Technology Analyst in a Hong Kong investment firm Leminiscap, Blockchain Infrastructure Engineer at CryptoCurve, Blockchain Protocol Advisor at BitDiem and technical developer/manager at various other projects. He oversaw mobile developments and mobile security before entering into cryptocurrency industry.

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    David Freuden

    David Freuden

    Partner at Fantom Innovation Labs

    David has been involved with blockchain since Dec 2016 assisting projects go-to-market and commercialise their technologies. Since in 2012 David has been an advisor to tech start-ups and a network member for Accelerating Commercialisation AusIndustry.

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    Ashton Hettiarachi

    Ashton Hettiarachi

    Head of Innovation Labs

    Ashton has over 10 years experience in business, the financial markets, and emerging technologies. He is the CEO at Blockchain Partners Holdings— a cryptocurrency investment and research firm located in Australia. Since 2016, Blockchain Partners has collected over billions of data points in cryptocurrency markets and have invested in 30+ successful ICOs. He was also responsible for building one of the largest e-commerce stores in the Middle East serving over 12,000 customers and shipping 50,000+ products.

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    Michael Kong

    Michael Kong

    Chief Information Officer

    Michael Kong is a smart contract developer who has been involved in the blockchain space for several years. He previously worked as the Chief Technology Officer at Block8, a venture capital-backed Blockchain incubator where he managed all of the business’s projects. He studied Finance and Information Technology at the University of Sydney and built one of the first Ethereum decompilers and smart contract vulnerability detectors.

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    Jake Choi

    Jake Choi

    Chief Marketing Officer

    Jake Choi has been involved in the cryptocurrency space for over three years as an investor, trader, advisor and entrepreneur. Previously, he worked as Vice President of Sales at digi.cash, a digital currency platform, where he established their cryptocurrency brokerage and vaulting business, facilitating trades up to US$5million worth of cryptocurrencies. He led the Digital Currency Group at CMCRC working on network growth models, ICO valuation models and model portfolios. He holds a degree in Finance and Quantitative Analytics from the University of Sydney.

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    Dr Ahn Byung Ik

    Dr Ahn Byung Ik

    Chief Executive Officer

    Dr. Ahn is the CEO of Fantom Foundation. He holds a Ph.D in computer science from Yonsei University and has been awarded the President Award for his successful IT business. Ahn is a contributing writer at Fortune Magazine, and has been featured in South Korea’s major business media outlets. In 2010, Dr. Ahn established a successful food-tech platform SikSin, which has since acquired over 3.5 million downloads and 22 million monthly page views. He is the president of the Korea Foodtech Association that consists of 90 companies as its members.

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VC

    JRR Crypto

    Blockwater Capital

    Arrington XRP Capital

    DHVC

    Hyperchain Capital

    Signum Capital

ICO
ICO Date
ICO Raised Date2018-06-14
ICO end date2018-06-15
ICO Supply Amount
ICO Token/Coin Supply1270000 FTM
Hardcap39800000 USDT
Softcap5000000 USDT
Supply Change
Total Supply Change Before ICO717133655 FTM
Total Supply Change After ICO- FTM
ICO Amount
ICO price0.04 USDT
Actual Fundraising39800000 USDT
AcceptingETH, USD
Introduction

Blockchain technology has provided a way to maintain consensus across all nodes with no central authority. However the technology faces fundamental issues like a lack of real-time transaction settlement and scalability. Despite improved consensus algorithms, Some blockchain implementations such Bitcoin or Ethereum synchronize one block at a time. This results in slow confirmation times, one of the biggest factors stopping blockchain technology from being widely used across many industries. Although Smart Contract platforms such as Cardano and EOS have started to emerge, public Distributed Ledgers are still not widely used. To address these persistent issues, a new model based on the Directed Acyclic Graph (DAG) was developed. FANTOM is a new DAG based Smart Contract platform that intends to solve the scalability issues of existing public distributed ledger technologies. The platform intends to distinguish itself from the traditional block ledger-based storage infrastructure by attempting to employ an improved version of existing DAG-based pro-tocols. The FANTOM platform adopts a new protocol known as the “Lachesis Protocol” to maintain consensus. This protocol is intended to be integrated into the Fantom OPERA Chain. The aim is to allow applications built on top of the FANTOM OPERA Chain to enjoy instant transactions and near zero transaction costs for all users. The mission of FANTOM is to provide compatibility between all transaction bodies around the world, and create an ecosystem which allows real-time transactions and data sharing with low cost.

Social Media
News
Fantom Archive: Decrypting the Fantom Mainnets
2019-07-22
Fantom lists on Probit — Korea’s new exchange on the block.
2019-07-21
Bitcoin Price Diary: 6 Altcoins That Are Currently Making Me Avoid BTC
2019-12-07
The Thought Process Behind Our New Website.
2019-12-04
Fantom to support collaboration between Open Market and XAR Network for the trade of non-fungible tokens.
2019-11-29
Bitcoin (BTC), Ethereum (ETH) and XRP Lead Surprising List of Top Cryptocurrencies From Weiss Ratings
2019-11-29
Fantom Technology to be used by Afghan Ministry of Health against counterfeit drugs.
2019-11-28
Technical Update 16
2019-11-28
#BUIDLonFANTOM (and Cosmos SDK)
2019-11-27
Fantom Vision
2019-11-26
#AfricArena2019 with XAR Network and Fantom
2019-11-25
Meet Our New Business Developer, Samuel Harcourt
2019-11-20
Fantom Recap 19th of November 2019
2019-11-19
New Technical Paper: Fast peer selection in Proof of Stake
2019-11-14
Fantom DeFi Chain Modules
2019-11-10
Go-Lachesis Technical Accomplishments
2019-11-07
Fantom Research: The Economics of Smart Contracts
2019-11-06
Fantom Educational Contest
2019-11-01
Technical Update 15
2019-10-14
Fantom Status
2019-10-05
‘’When Mainnet?’’
2019-09-30
Binance Supports Deposits and Withdrawals for Interoperable Tokens
2019-09-27
Technical Update 14
2019-09-23
Fantom Research: Stairdag: Cross-DAG Validation For Scalable BFT Consensus
2019-09-04
Technical Update 13
2019-08-26
Weiss Ratings: Three Crypto Assets Have Better Tech Than Bitcoin
2019-08-23
Isekai Update from Sikoba and Fantom
2019-08-16
Fantom Mainnet Governance Proposal
2019-08-13
Fantom lists on Beaxy — The All-In-One Cryptocurrency Exchange
2019-08-12
Fantom Technical Update 12
2019-08-06
Fantom Recap for the Second Half of July 2019
2019-07-31
Fantom Foundation Partners with World Blockchain Innovation Association
2019-07-30
Fantom’s Stable Coin Platform — Statheros
2019-07-29
Fantom Innovation Labs attends APAC Blockchain Conference — Sydney
2019-07-26
Lowering the entry barrier into the Fantom ecosystem with Airswap and Keyrock.
2019-07-25
Introducing TxFlow, the protocol for responsiveness.
2019-07-24
Fantom Archive: Decrypting the Fantom Mainnets
2019-07-23
Fantom Foundation joins Australian Digital Commerce Association
2019-07-22
Fantom lists on Probit — Korea’s new exchange on the block.
2019-07-22
Meet our Director of Business Development and Listings, Bariq Sekandari
2019-07-18
Fantom Announces Partnership With The Private Office of Sheikh Saeed bin Ahmed Al Maktoum To Transform Dubai With Blockchain Technology
2019-07-18
‘Smart Dubai’ Initiative Receives a Boost as DAG Platform Comes On Board
2019-07-17
Fantom Foundation partners with The Private Office of Sheikh Saeed bin Ahmed Al Maktoum and SEED Group.
2019-07-17
Fantom Foundation joins Government Blockchain Association.
2019-07-15
Fantom Recap for the First Half of July 2019
2019-07-15
Behind the Scenes with Sfxdx: Summary of Algorithms
2019-07-12
Crypto Listing & Delisting Announcements: Week 27
2019-07-08
Following Chainlink, These Three 4Chan Favorites are Pumping
2019-06-30
Bitcoin Above USD 8,000 Again, Altcoins Climbed Higher
2019-06-13
Bitcoin and Altcoins Showing Signs of Rebound
2019-06-11