Fantom is no ordinary blockchain. In theory, it is not a blockchain at all. Fantom is an open-source smart contract platform for decentralized applications (dApps). Instead of a linear blockchain structure, Fantom has a DAG structure, a dynamic data structure. This makes it a powerful and, above all, scalable platform. Each dApp can exist on its own blockchain, where different applications from different networks can work together. Discover the top 5 Fantom Coins here.
1. Fantom (FTM)
First up, it‘s FTM itself, Fantom's native utility token. The token drives the entire ecosystem. Not only do you, as users, have decision-making rights over the future of Fantom, but you also contribute to the security of the network. The DAG structure ensures very fast transactions at an exceptionally low cost. And you as an investor? You can stake your FTM tokens for an attractive interest rate. With your FTM tokens
, you are part of an advanced DeFi ecosystem.
2. Chainlink (LINK)
How do you get information from the physical world onto the blockchain? Chainlink
is a decentralized oracle that connects blockchains with data from the physical world. They do this by using smart contracts. These smart contracts use information from the physical world such as events, data feeds and even payment methods. Chainlink is a kind of intermediary between off-chain data and on-chain systems.
Fantom is working with Chainlink, originally built on Ethereum, to build secure and most importantly scalable DeFi products. The integration of Chainlink allows Fantom's entire ecosystem to combine real-time data, both on-chain and off-chain.
3. Waves (WAVES)
Waves uses decentralized open-source technologies to build its own decentralized applications (dApps). Launching dApps and new cryptocurrencies should be as easy as creating a new web page, according to Waves. Design and launch your own cryptocurrency thanks to Waves' easy-to-use scripts.
Fantom and Waves have an enduring partnership. They strive for the success of the DeFi industry. The WAVES tokens
are used as collateral to create various assets such as fUSD, Fantom's own stablecoin.
What is a DeFi ecosystem with a decentralized exchange (DEX)? SpookySwap is the first DEX and an Automated Market Maker (AMM) built on Fantom. Users can not only add liquidity and swap tokens, but they can also bridge their tokens to different blockchains thanks to the built-in cross chain feature.
Are you always looking for the highest yields? No longer user different DEXs in different networks. Thanks to the cross-chain features, you will always find the best yields at SpookySwap. Transaction fees are paid in FTM-tokens.
5. Coti (COTI)
COTI's technology platform is a decentralized and scalable network that provides payment solutions. Companies use COTI
to provide their own decentralized payment options for their own applications. With this, they also want to interoperate between different blockchains.
With COTI, different Fantom products such as FTM or stablecoins can be easily used. This not only makes buying and selling tokens easier, but also integrates them better with other systems.
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