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:
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
engage in activity with such entities.
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ETH: 0xa0b9Ec81eC4dcb269D5cc27E717bb967c441233e
