KuCoin Cryptocurrency Exchange Lists Fantom (FTM)
Fantom FTM Is Listed At KuCoin Cryptocurrency Exchange
FANTOM NEWS: KuCoin, one of the world’s leading cryptocurrency exchanges recognized blockchain asset exchange service has proudly announced today that they have listed FTM, the transaction currency of the first DAG smart contract platform called Fantom. Deposits are now available with trading pairs including FTM/BTC and FMT/ETH.
Buying order commences at 17:30 (UTC+8), while Selling order at 18:00 October 30, 2018 (UTC+8), and Withdrawal at 20:00 (UTC+8).
About Fantom Cryptocurrency (FTM)
Fantom is considered the world’s first Directed Acrylic Graph (DAG) based smart contract platform. The project aims to solve key issues with scalability and transaction confirmation time that troubles existing blockchain and cryptocurrency-related projects.
The Fantom team aspires to offer a service that gives secure and quick transactions via an open-source platform. They plan for Fantom to make upon current projects like IOTA, Nano, and Byteball that are already DAG-based. Fantom is setting themselves apart from the potential competition by including dAPP smart contract infrastructure in conjunction with a DAG-based platform.
What are the FTM tokens utilized for and how can token value appreciate?
The ERC20 token issued from the token sale will be a placeholder for the FTM token, to be exchanged upon mainnet launch.
FTM tokens will be applied in various ways:
To facilitate low-cost transactions to proceed and to pay for transaction fees.
Allow access to the platform across various FANTOM applications and smart contract variations.
Incentivize network participants. The platform will initially have a 5% annual inflation rate that decreases as more users join the network. 20% of the total inflation will be used to reward nodes, and the rest will be used to incentivize platform users (e.g., near zero fees), and to reward users for contributing to the ecosystem.
The demand for FTM tokens should increase as more users join the network and more transactions being made on the network.
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Rohit Kukreja is a Commerce graduate with Financial Markets expertise involving Stocks, Forex, Futures & Options Market and now Bitcoins & Cryptocurrency Markets. Blockchain Enthusiast but not a techie, Rohit is an active member of various Blockchain & Crypto communities all over India.