FTM is an ERC20 token (a standard for creating and issuing smart contracts on the blockchain) and is the native currency of the platform. So what will be the FTM token contract address and what is FTM in crypto. Let’s find out by reading the article below.
What will be the FTM token contract address?
According to Etherscan, the contract address for FTM token is 0x4E15361FD6b4BB609Fa63C81A2be19d873717870 with the decimal of 18, max total supply of 2,138,153,790.589934657020549375 FTM and 100,702 holders.
What is FTM in Crypto?
Fantom is a smart contract enabled blockchain powered by its native FTM token. After raising $40 million in funding, Fantom launched its mainnet in December 2019. Its blockchain is fast and cheap, and has proven in 2021 that it can support its own decentralized finance (DeFi) industry. The FTM token is Fantom's native utility token. It is used to secure the network, process and verify transactions, and power the DeFi suite that developers build using the ecosystem.
How is the FTM token used?
Fantom’s native token, FTM, is used for a variety of purposes within its network, including paying transaction fees, staking to secure the network, and serving as a governance medium.
While validators are required to stake at least 500,000 to help secure the network, FTM can also be delegated to network validators to make the process of receiving rewards more affordable. Rewards vary by how long users have locked their tokens and how much they have delegated.
I hope this article will help you to learn what will be the FTM token contract address and what is FTM in crypto. Fantom is a well-thought-out platform for developing and deploying dApps based on digital assets and smart contracts. Tools and components accelerate and simplify the creation of dApps that are secure, fast, and cost-effective to run.
