Fantom Foundation

Fantom is a blockchain platform for DeFi, crypto dApps, and enterprise applications, founded in 2018. Fantom aims to be faster, cheaper, and more scalable than older technologies through its aBFT consensus protocol, Lachesis. The primary token on Fantom is FTM, used for securing the network through staking, governance, payments, and fees.

Lachesis represents one layer, the consensus, of Fantom's blockchain technology stack that can be plugged into any distributed ledger. Lachesis powers Fantom’s Opera mainnet deployment, which uses the Ethereum Virtual Machine (EVM), allowing developers to port their existing Ethereum-based dApps on Fantom.

Over eighty dApps are deployed on Fantom, with thousands of active daily users. Developers can build on Fantom using Solidity and tools such as Remix, Truffle, and MetaMask. Fantom is open-source, and its code is available on Github.

Fantom is secured using proof-of-stake instead of proof-of_work, helping to prevent centralization and reduce electricity requirements. The consensus mechanism is scalable to hundreds of nodes, increasing decentralization and security. Fantom is open-participation and permission-free; anyone can run a node.

The FTM token's main utility is to secure the network via a Proof-of-Stake system. To participate, validator nodes must hold a minimum requirement of 3,175,000 FTM. Both node and stakers are rewarded with epoch rewards and fees. People with lower amounts of the token can still participate in securing the network, a minimum of 1FTM can be delegated to a validator node, and get rewarded.

The total supply of FTM is 3.175 billion. 2.1 billion are in circulation with the remainder reserved for staking rewards. Full circulation of the total supply is expected to occur in 2023. Different tokens standards make up the total supply for easier trading, but the combined total of tokens will never exceed the total cap of 3.175 billion FTM.

FTM can be purchased on all major cryptocurrency exchanges.

On June 22nd, 2018, Fantom Foundation raised $40M. Investors included:

• Signum Capital
• Obsidian Capital
• Nirvana Venture Advisors
• DHVC
• 8 Decimal Capital
• JRR Group
• Bibox Fund
• Arrington XRP Capital
• Elysium Venture Capital
• Link VC