13 things you need to know about Fantom

Fantom is a layer 1 smart contract platform that has recently stolen all the attention, with an astronomical rise of 500% in a week.

What happened? What is Fantom? What’s the hype?

Good news for you, my friend. If you’re reading this, you’re still early, and you can be part of one of the few crypto unicorns that can grow 100x and more in the current market.

Why? Read below.

Fantom is fast and cheap

You know, like Ethereum. Not.

Andre Cronje built it

Moreover, he confirmed multiple times that when the bridges are ready, he will port his most popular dApps on Fantom since it’s faster and cheaper than Ethereum. Where would users go? On the slow and expensive Ethereum, or the fast and cheap Fantom?

Fantom isn’t an Ethereum fork

Fantom is fully compatible with Ethereum

What does it mean? Developers familiar with Ethereum can deploy their dApps on Fantom just as easily, using the same tools such as Truffle, Remix, and Metamask.

Their dApps will be much cheaper to deploy, maintain and interact with. The user experience is therefore drastically improved, also thanks to the almost instant confirmations.

Fantom is interoperable

Fantom is a layer 1 platform that can serve as a layer 2 for Ethereum. In other words, it can help Ethereum scale, among many other things.

You can stake it to earn rewards

Furthermore, Fantom is the first network to introduce Liquid Staking. You can use the value of your staked FTM within the ecosystem. Massive.

It has an all-in-one DeFi suite

Users can mint synthetic tokens (like on Synthetix), trade on an AMM dex (like on Uniswap), and borrow and lend tokens (like on Aave), all in one place, directly from the wallet. How cool is that?!

It has partnered with the most recognized crypto projects

  • Chainlink
  • Ren Protocol
  • Band Protocol
  • Injective Protocol
  • Waves
  • Ethereum Classic Labs
  • Api3
  • Ontology
  • V-id
  • Coti
  • And many more

It is massively undervalued

It has the best community and social presence

It has three government pilot programs

It has a transparent and humble team

It’s getting integrated everywhere

It’s on Coinbase Custody

Etherscan has built an explorer for them

WRITTEN BY

FantomKings

Gentlemen Club

https://twitter.com/KingsFantom

Gentlemen Club