What does Fantom FTM do?

FTM tokens are utilized for staking, a process that not only secures the network but also rewards participants with attractive yields. This mechanism fosters a strong community of stakeholders who are incentivized to support the platform's long-term success.

Moreover, FTM tokens facilitate voting, enabling holders to have a say in critical decisions that shape the future of the Fantom network. This democratic approach ensures that the platform remains aligned with the community's vision and aspirations.

Fantom, an innovative smart-contract platform, endeavors to address the scalability limitations that plague numerous blockchains. Its groundbreaking Lachesis consensus mechanism serves as the cornerstone of this endeavor, offering a unique solution to the scalability challenge.

The versatility of FTM extends to making payments and covering transaction fees within the Fantom ecosystem. This seamless integration streamlines financial transactions, making it easier for users to interact with various services and applications built on the platform.

At the heart of the Fantom ecosystem lies FTM, the network's native token. This digital asset plays a pivotal role in various facets of the platform, empowering users to actively participate in its governance and ecosystem growth.