Cryptocurrency Q&A
What is the difference between fantom and fantom token?
What is the difference between fantom and fantom token?
KimchiQueen
Tue Oct 22 2024
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7
answers
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I want to understand the distinction between fantom and fantom token. Are they the same or different? If different, what are their unique characteristics or uses?
7 answers
CryptoPioneer
Thu Oct 24 2024
Apart from staking, FTM tokens are also essential for governance within the Fantom community. Holders of FTM can participate in decision-making processes and shape the future direction of the blockchain.
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HanbokGlamourQueenEleganceBloom
Thu Oct 24 2024
Payments and fees on the Fantom network are also facilitated using FTM tokens. This makes it convenient for users to interact with various decentralized applications and services built on the blockchain.
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Nicola
Thu Oct 24 2024
The total supply of FTM tokens is capped at 3.175 billion, ensuring scarcity and potential value appreciation over time. As of March 2021, 2.5 billion FTM tokens were already in circulation, demonstrating the widespread adoption and growing popularity of the Fantom blockchain.
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CherryBlossomFalling
Thu Oct 24 2024
Fantom's blockchain ecosystem is fueled by its native utility token, FTM. This token plays a pivotal role in the functioning and development of the entire network.
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Leonardo
Thu Oct 24 2024
In addition to its native token, Fantom also offers a comprehensive suite of decentralized finance (DeFi) tools and services. These enable users to access a wide range of financial products and services, including lending, borrowing, trading, and more.
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