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Buy Fantom

Fantom

FTM
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$0.000USD
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Overview

#54Popularity
Smart Contract PlatformAsset type
2019Active since

What is Fantom?

Buy Fantom (FTM): Fantom is a native [utility token (https://www.coinjar.com/learn/what-is-crypto) used within the Fantom network. It can be used for paying for things in the network, voting on changes to the network, and for using DeFi apps.

Fantom is a smart contract platform similar to Ethereum, Solana, and other platforms. It allows developers to build decentralised applications (dApps) and launch digital assets.

Most of the top 10 dApps on Fantom fall into the games, DeFi and Exchange categories.

Cool things of Fantom

Estfor Kingdom

Estfor Kingdom is a mediaeval fantasy multiplayer browser-based blockchain game built on the Fantom Opera network. Players can immerse themselves in a world of magic, quests, and heroism. Players can select their hero and specialise in physical, ranged, or magical arts. As they progress, they’ll unlock new abilities and combat powers.

Players come across monsters, learn their weaknesses, and level up their combat skills. The more they fight, the greater the rewards. Players can loot, mine, craft, buy, sell, or even steal valuable items. Climbing the ranks in Estfor requires strategic use of these items.

Players can also incubate, upgrade, and hatch eggs to create cute and powerful pets. Players can collaborate with friends and other players by forming or joining a clan. Clans can battle each other for real money rewards.

All items in Estfor Kingdom are non-fungible tokens (NFTs) owned by players.

SpookySwap

SpookySwap is a digital marketplace that lives on the Fantom blockchain, where people can trade their tokens directly with each other. No central authority controls it; it’s all powered by smart contracts and the community.

Robots.Farm

Robots.farm is a play-to-earn platform that combines gaming and crypto on the Fantom blockchain. Robots work together, grow crops, and earn rewards. Players can go on quests which boost chances of getting airdrops (free tokens) and other goodies.

Why Buy Fantom?

Scalability and speed

Fantom stands out due to its focus on scalability. Unlike some other blockchains, Fantom can handle a high throughput of transactions without compromising speed or security. This makes it attractive for developers building decentralized applications (dApps) and running smart contracts.

Proof-of-Stake (PoS) model

Fantom uses a PoS model to secure its network. Users can stake their FTM tokens to participate in consensus and earn rewards. Staking not only contributes to network security but also allows token holders to earn passive income.

Low transaction fees

FTM tokens are used to pay for transaction fees on the Fantom network. These fees are significantly lower than those on Ethereum, making Fantom an appealing choice for cost-conscious users.

Ecosystem growth

Fantom’s ecosystem continues to expand, with new projects, partnerships, and integrations. As more applications are built on Fantom, demand for FTM tokens is likely to increase.

Fantom: How it works

Acquiring FTM: You can purchase FTM on various exchanges, including CoinJar.

Storing FTM: Store your FTM tokens in a secure wallet.

Staking FTM: Stake your FTM tokens to participate in network consensus. Staking rewards vary based on the amount of FTM you stake and the network’s overall performance.

Using FTM: Use FTM for transactions, whether sending funds or interacting with dApps.

Take advantage of the low fees and fast confirmation times.

Buy Fantom (FTM): Conclusion

Fantom offers scalability, a PoS model, low fees, and a growing ecosystem. Whether you’re a developer, investor, or crypto enthusiast, consider exploring Fantom as part of your portfolio.

How to buy Fantom on CoinJar

Fantom is a protocol layer blockchain similar to Ethereum. It allows users to transact, launch smart contracts, and build decentralised applications (dApps), with a particular focus on DeFi projects.

Built on top of Ethereum, Fantom employs a unique consensus mechanism (known as Lachesis) to deliver faster and cheaper transactions – typically 1-2 seconds and costing 0.001 cents. Fantom is capable of handling thousands of transactions per second.

Sign Up: Get the CoinJar app.

Open an Account: Sign up using ID. This process usually takes just a few minutes.

Deposit Funds: Transfer funds from your bank account to CoinJar.

Buy Fantom (FTM): Once your account is funded, choose Fantom.

Stay Informed: Keep an eye on Fantom’s ecosystem and any updates related to the protocol. _ Please note, CoinJar does not endorse the content of, and cannot guarantee or verify the safety of any third party websites. Visit these websites at your own risk._

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How to buy Fantom with CoinJar

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Frequently asked questions

What is Fantom?

Fantom is a decentralized platform that aims to provide fast and scalable solutions for decentralized applications (dApps). It utilises an acyclic graph (DAG) consensus mechanism, making it efficient for processing transactions and executing smart contracts.

How do I stake FTM (Fantom)?

Staking FTM involves locking your tokens to secure the network and earn rewards. You can choose between two options:

-Fluid Rewards: Stake with no lock-up period for a base rate.

-Locked Rewards: Lock up your tokens for up to 365 days and earn a higher APR.

Where can I buy Fantom (FTM)?

You can purchase FTM on cryptocurrency exchanges like CoinJar, which lists FTM for trading. To get started, create an account, verify your identity, and start trading.

Is Fantom a good investment?

Fantom’s unique features, including scalability, low transaction fees, and a growing ecosystem, make it an attractive choice for investors. However, always conduct thorough research and consider your risk tolerance before investing in any digital currency.

How can I start trading Fantom?

To begin trading FTM:

Create an Account: Sign up on a reputable cryptocurrency exchange like CoinJar.

Deposit Funds: Transfer funds from your bank account.

Navigate to FTM: Look for Fantom (FTM) on the exchange platform.

Buy FTM: Use your deposited funds to purchase FTM.

What is the Fantom network?

The Fantom network is a smart contract platform that facilitates decentralized applications (dApps) and transactions. It operates on an efficient DAG-based consensus model, allowing for rapid confirmation times and low fees.

Can I use my credit card or debit card to buy Fantom (FTM)?

Yes! Platforms like CoinJar allow you to buy FTM using credit or debit cards. Simply set up your account, verify your details, and buy it. You can hold it in your CoinJar wallet or start trading on the CoinJar crypto exchange.

How do I create an account on Fantom?

To create an account on Fantom:

Choose a Wallet: Use Fantom mobile wallets (iOS and Android) or the web/desktop version.

Secure Your Tokens: While staking locks up your tokens, they remain safe in your wallet, accessible only to you.

Choose Wisely: When staking, select a reputable validator node to ensure the security of your staked tokens.

CoinJar does not endorse the content of, and cannot guarantee or verify the safety of any third party websites. Visit these websites at your own risk.

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