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Fantom
Price
$1.27 3.02%
Fantom
Number of casinos: 619
Cryptocurrency Code: FTM
Website: fantom.foundation
Max Supply: 2,800,000
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The History of Fantom
Since its inception, Fantom has rapidly emerged as a groundbreaking cryptocurrency, reshaping the landscape of digital transactions with its innovative approach and fast-growing adoption.
Fantom's journey began in 2018, with the vision of creating a fast, scalable, and decentralized blockchain platform capable of overcoming the limitations faced by existing blockchain networks. Developed by an experienced team led by architect and engineer Michael Kong, Fantom aimed to address issues like transaction speed and scalability, which hindered other cryptocurrencies' widespread adoption. At its core, Fantom uses an innovative consensus mechanism called Lachesis, a form of asynchronous Byzantine Fault Tolerance (aBFT), which ensures rapid transaction finality while maintaining decentralization.
The launch of the Fantom mainnet in December 2019 marked a major milestone in the project’s evolution. With Lachesis at its foundation, Fantom was designed to offer high throughput, low-cost transactions, and near-instant finality, making it an attractive solution for decentralized applications (dApps) and enterprises alike. As the platform's capabilities began to attract more developers and users, Fantom’s ecosystem grew, supported by its native FTM token, which became a central part of its DeFi ecosystem.
In its early stages, Fantom attracted attention within blockchain and cryptocurrency communities, gaining momentum through strategic partnerships and innovative features. Over time, it has positioned itself as a contender to other major blockchain platforms, offering a solution that balances scalability with decentralization. The introduction of smart contract capabilities and collaborations with decentralized finance (DeFi) projects helped Fantom's ecosystem flourish, drawing in users seeking fast and efficient decentralized financial services.
Despite the challenges faced by the cryptocurrency market, including volatility and security concerns, Fantom has demonstrated resilience and adaptability. Its ability to offer quick transaction processing and low fees has made it a popular choice for users looking to scale their blockchain-based applications. Moreover, Fantom's commitment to continuous development, including the integration of multi-chain solutions, has solidified its place in the competitive landscape.
As Fantom's adoption continues to grow, it has attracted the attention of both individual investors and institutional players, with the value of the FTM token reflecting this increased interest. Its rise in the cryptocurrency market showcases the potential of blockchain solutions that prioritize speed and efficiency while maintaining decentralization.
Looking at the FTM/USD price history up until June 2023, Fantom reached new heights in 2021, with the token's value surpassing $3 USD, driven by the surge in demand for DeFi platforms and the growing adoption of the Fantom network.
Despite the inevitable market corrections, Fantom has proven to be a resilient player, with a clear vision for the future of decentralized finance and blockchain technology.
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The Popularity of Fantom
Fantom has steadily gained attention in the blockchain space due to its innovative approach to scalability and transaction speed. Unlike many other blockchain networks, Fantom uses a unique consensus mechanism called Lachesis, which is based on Asynchronous Byzantine Fault Tolerance (aBFT). This mechanism allows Fantom to process transactions at a much faster rate than traditional proof-of-work or proof-of-stake systems, enabling near-instant transaction finality. As the demand for faster and more efficient blockchain solutions continues to grow, Fantom’s technical architecture positions it as a promising contender in the competitive landscape of decentralized networks.
The increasing popularity of Fantom can also be attributed to its thriving ecosystem, particularly within decentralized finance (DeFi). With the rise of DeFi applications, Fantom has attracted numerous projects seeking a high-performance blockchain platform. The network’s ability to support smart contracts while maintaining low fees and high throughput has made it a preferred choice for developers. Fantom’s interoperability features, which allow it to connect with other blockchain networks, further enhance its appeal, offering greater flexibility and integration options for users and developers alike. As more DeFi platforms migrate to or launch on Fantom, its reputation as a blockchain optimized for decentralized finance continues to solidify.
Furthermore, the growing adoption of Fantom is driven by its active and expanding community. The project has received strong backing from both individual investors and institutional players, fueling its continued growth. In addition, the Fantom Foundation has been proactive in fostering partnerships with various enterprises, governments, and blockchain projects, further boosting its credibility. The network’s focus on decentralization and its commitment to continuous development also help attract long-term supporters, ensuring that Fantom remains a relevant and competitive player in the evolving world of cryptocurrency and blockchain technology. As its ecosystem matures, Fantom’s influence and popularity are expected to rise even further.
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How Has Fantom Grown during the Years?
Fantom has experienced significant growth since its launch in 2019, evolving from a promising blockchain project into a key player in the decentralized finance (DeFi) space. Its ability to address scalability and transaction speed issues has attracted developers, investors, and users, driving adoption across various sectors. The growth of Fantom can be attributed to its innovative technology, strategic partnerships, and the expansion of its ecosystem.
- Launch of Mainnet (December 2019): Fantom officially launched its mainnet, marking the beginning of its journey to offer a scalable, high-performance blockchain solution.
- Lachesis Consensus Mechanism: The introduction of the Lachesis consensus algorithm (aBFT) enabled Fantom to process transactions quickly and securely, providing near-instant transaction finality and reducing network congestion.
- Growing DeFi Ecosystem: Fantom became a popular choice for decentralized finance projects due to its fast transaction speeds, low fees, and smart contract capabilities, leading to a surge in DeFi platforms built on its network.
- Partnerships and Integrations: The platform formed key partnerships with projects like Chainlink, Yearn Finance, and Curve Finance, enhancing its ecosystem's functionality and security.
- Fantom Foundation’s Growth Initiatives: The Fantom Foundation has been actively involved in promoting the network, fostering collaborations with enterprises and governments, and supporting developers with grants and incentives.
- FTM Token Growth: The native token, FTM, has seen increasing value and adoption, driven by its use for transaction fees, staking, and governance within the Fantom network.
- Cross-Chain Interoperability: Fantom introduced solutions to connect with other blockchain networks, such as Ethereum and Binance Smart Chain, enhancing its utility and accessibility for users across various ecosystems.
- Increased Institutional Attention: Over the years, Fantom has attracted institutional investors, bolstering its credibility and demonstrating the platform's potential for long-term growth.
| Year | Price (USD) | % Change from Previous Year |
|---|---|---|
| 2019 | $0.02 | – |
| 2020 | $0.04 | +100% |
| 2021 | $3.48 | +8500% |
| 2022 | $0.22 | -93.7% |
| 2023 | $0.50 | +127.3% |
As Fantom continues to develop, its growth trajectory highlights its adaptability and sustained appeal. Despite market volatility, Fantom has shown substantial long-term value growth, solidifying its role as a disruptive force in the world of blockchain technology and digital assets.
What are the Best Platforms to Trade with Fantom?
Several reputable platforms offer seamless trading with Fantom (FTM), providing users with reliable and secure options for buying, selling, and exchanging the token. Leading cryptocurrency exchanges like Binance, Coinbase, KuCoin, and Kraken support FTM, offering a range of trading pairs and high liquidity. Additionally, decentralized exchanges (DEXs) such as SpookySwap and SpiritSwap, built on the Fantom network, allow users to trade FTM directly within its ecosystem, taking advantage of low fees and fast transaction speeds. These platforms cater to both beginners and experienced traders, ensuring easy access to Fantom's growing market.
| Crypto App | Note |
|---|---|
| Binance | Ideal for comprehensive trading. |
| Kraken | Excellent choice for low fees and experienced traders. |
| Coinbase | Beginner-friendly platform. |
| Crypto.com | Exceptional mobile app experience. |
| Cash App | Well-suited for Fantom trading. |
How to Open an Account in Binance and Find my Fantom Address?
Step01
Visit the Binance website and click on “Register”
Visit the Binance website (www.binance.com) and click on the “Register” button to begin creating a new account.
Step02
Fill in your email and create a password
Fill in the required information, including your email address and a strong password. Ensure that you meet the password requirements and consider enabling two-factor authentication (2FA) for added security.
Step03
Agree to the terms of use and complete verification
Agree to the terms of use and complete any additional verification steps that may be required, such as identity verification, depending on your location and the verification level you desire.
Step04
Navigate to the “Wallet” or “Funds” section
On the Binance dashboard, navigate to the “Wallet” or “Funds” section. This section may vary slightly depending on your Binance interface version.
Step05
Find the Fantom wallet
In the “Wallet” or “Funds” section, search for the Fantom wallet. It may be listed as “FTM”.
Step06
Click on Deposit
Click on the “Deposit” button next to the Fantom wallet. This will take you to the Fantom deposit page.
Step07
Locate your Fantom address
On the Fantom deposit page, you will find your unique Fantom address. It will be a long string of alphanumeric characters. You can also use the provided QR code for convenient scanning.
What Casino Games Can I Play with Fantom?
With Fantom, players can enjoy a wide variety of online casino games, offering fast and secure transactions. Many casinos integrated with the Fantom network feature popular games such as slots, blackjack, roulette, baccarat, and poker. These platforms leverage the blockchain’s speed and low transaction costs to ensure quick deposits and withdrawals. Additionally, Fantom’s decentralized nature enhances privacy, making it an attractive option for players who value anonymity while enjoying their favorite games. As the use of Fantom grows, more casinos are incorporating it as a payment method, further expanding the options available to players.
| Crypto currency | Sym | Casino | Slots | Roulette | Baccarat | Poker | Blackjack | Live casino | eSports | Sports |
FTM
|
fantom-ftm |
Interesting Facts About Fantom
Fantom has quickly become a standout blockchain platform due to its innovative features and impressive performance in the decentralized finance (DeFi) space. With its unique Lachesis consensus mechanism, Fantom provides fast, low-cost, and secure transactions, making it an attractive option for developers and users alike. The platform’s scalability and compatibility with smart contracts have allowed it to foster a thriving ecosystem of decentralized applications (dApps). As Fantom continues to evolve, it has gained recognition for its commitment to decentralization, cross-chain interoperability, and growing adoption by both individual users and institutional investors.
| Fact | Detail |
|---|---|
| Launch Year | 2019 |
| Consensus Mechanism | Lachesis (Asynchronous Byzantine Fault Tolerance – aBFT) |
| Native Token | FTM |
| Transaction Speed | Near-instant transaction finality and high throughput |
| Blockchain Type | Decentralized, open-source blockchain |
| Main Use Case | Decentralized finance (DeFi), smart contracts, dApps |
| Scalability | Can handle thousands of transactions per second (TPS) |
| Partnerships | Chainlink, Yearn Finance, Curve Finance, and more |
| Interoperability | Supports cross-chain interactions with networks like Ethereum and BSC |
| Total Supply of FTM Tokens | 3.175 billion FTM tokens (max supply) |
| Governance | Community-driven governance through staking and voting |
| Ecosystem | Growing ecosystem of DeFi platforms, dApps, and developer tools |
CasinoLandia's Conclusion About Fantom
In conclusion, Fantom stands out as a highly innovative and efficient blockchain platform, offering exceptional speed, low transaction costs, and scalability. As CasinoLandia explores the potential of blockchain integration in the online gaming space, Fantom's seamless, secure, and fast transactions make it a prime candidate for future adoption in cryptocurrency casinos. With its growing ecosystem, strong community, and commitment to decentralization, Fantom is poised to play a significant role in the digital assets and decentralized finance sectors, providing an exciting option for both players and developers in the evolving world of online gambling.
Author
Jessica Bozukova | Senior Content Writer