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Unlike those of EOS and Cardano, transactions on the FANTOM platform are executed asynchronously with instant confirmation.
Transaction fee is less than 0.01 USD from one wallet to another.
As more nodes participate in the network, its processing capability increases.
The FANTOM platform is open-sourced for transparency and trust.
Instead of blocks, the OPERA Chain processes a list of events asynchronously with no rights to modify previous confirmed transactions.
Transactions are confirmed with a DAG to maintain consensus within the decentralized FANTOM network.
Every transaction and smart contract function may store a piece of data for tracking and supply-chain management.
Dr. Ahn is the CEO of FANTOM Foundation. He holds a Ph.D in computer science from Yonsei University and has been awarded the President Award for his successful IT business. Ahn is a contributing writer at Fortune Magazine, and has been featured in South Korea's major business media outlets. In 2010, Dr. Ahn established a successful food-tech platform SikSin, which has since acquired over 3.5 million downloads and 22 million monthly page views. He is the president of the Korea Foodtech Association that consists of 90 companies as its members.
A token sale is the exchange of FTM tokens for other currencies. The intended purpose is to achieve widespread distribution of tokens to be used on the FANTOM blockchain to build and run applications on the network.
A total of 1,270,000,000 tokens, or 40% of the initial number of tokens minted, will be sold. Tokens will be pegged USD.
The fund will be used to further develop the FANTOM stack (OPERA Core, OPERA Ware, and OPERA Public) over the short, medium and long-term. The Foundation will also use the fund in marketing and promotional activity for the FANTOM project, with the aim of attracting new developers to the platform, users from various industries and organisation, and to generate global public awareness. The fund will also cover other costs of the FANTOM Foundation such as legal and administrative matters.
Contributions can be made in ETH only.
You will not be entitled to have any Token transferred to you if you are located in the United States or Australia, or a resident of / citizen of any of the following countries: Afghanistan, Australia, Central African Republic, China, Democratic People's Republic of Korea (North Korea), Democratic Republic of the Congo, Eritrea, Ethiopia, Guinea-Bissau, Iran, Iraq, Japan, Korea, Lebanon, Libya, Myanmar, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tunisia, United States, Vanuatu, Yemen, Zimbabwe
Please refer to Executive Summary.
After the token sales, FTM ERC-20 tokens will be distributed, will be tradable, and when the mainnet launches they will be swapped to native tokens. After the launch of mainnet, the participants can lock in the FTM ERC-20 tokens to the FANTOM platform, and the equivalent amount of FTM coins will be allocated to the participants.
Hard cap for FANTOM is USD 39.8m, USD pegged.