ICO Fantom

Website: https://fantom.foundation
Ticker: FTM
Token type: ERC20
Rate: TBA
Supply: 3,550,000,000
Whitepaper: 9 pages

Distribution of Funds:

Project Summary:

• 3 Layer DAG Chain

  • Core Layer (Opera Core) for event creation and maintaining
    consensus (Lachesis Protocol)

  • Middle Layer (Opera Ware) for payments, story root etc

  • Top Layer (Opera App) mainly used for API

• Story root is equivalent of Merkle root

• Near zero transaction fee

• Uses SCALA for smart contracts running on FVM (Fantom Virtual
  Machine)

• Partners include South Korea Food Tech Association

• 5% annual inflation which decreases as more users join the network
  (not mentioned how it will be measured)

• 20% of inflation will be used to reward nodes

• 80% of inflation used to provide incentives for platform users

• Lachesis Protocol

  • Opera chain transactions saved on node

  • Node validates one another

  • Promises 300,000 TPS

Thoughts:

• Pros:

  • Platform coin, not sure if it's one too many

  • Running their own chain is a plus compared to tokens as
    incentive model

  • Partners seem decent, especially if ORACLE is legitimately
    partnering them

• Cons:

  • We have seen many DAG chains with large promises, but so far
    none have proven to be able to run a smart contract on their
    chain

Rating: 7/10

Disclaimer: This is not investing advice and simply my personal thoughts
and opinions. I am not liable for any decisions made from this post. I
am also not affiliated with any investment or advisory firms and do not
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