ERC20 / BEP2 Token
Fantom is a distributed ledger technology stack. At its foundation, it is a DAG-based distributed ledger incorporating new methods of scalability, combined with a high-performance virtual machine and safe, secure smart contract execution.
The platform intends to be open-source: used and changed by the community, and to provide various application support tools that can be used to create decentralised applications (DApps)
- Smart Cities – FANTOM DAG platform is uniquely positioned to become the IT infrastructure backbone for smart cities. With the ability to collect large quantity high speed data transmission with scalable solutions across multiple smart city service providers.
- Smart Living – The interoperability and engagement with multiple IoT incorporated products and service providers will greatly improve the quantity of data collected and the innovative smart contracts and Dapplications that will enable better control and management of resources and home-life quality..
- Healthcare – Working with service providers, relevant government bodies and stakeholders for the implementation and management of a secure, immutable electronic health record (EHR) system. This will enable a concise and comprehensive summary of the patient’s most recent health history across all select health practitioners and controlled by the patient directly.
- Much More – Fantom is exploring use-cases in Education, Traffic Management, Resource Management, Environmental Sustainability and Public Utilities, just to name a few.
“The vision of FANTOM is to grant compatibility between all transaction bodies around the world using fast DAG technology that can be deployed at scale in the real world, and to create new infrastructure with high reliability that allows for real-time transactions and data sharing.”
- When Fantom first hit the scene in the middle of 2018, it immediately got the attention of fundamental analysts like ourselves. The speed of Nano and the smart contracts of Ethereum? Surely not? It was a match that we needed to confirm was real. Fantom combines the best features of many standalone projects and utilizes those features to build a killer platform. With a more recent focus on IoT (Internet of Things), it’s clear that Fantom knows exactly where this technology can be best implemented. Instead of trying to make other projects redundant or tower over the top of them, Fantom has carved themselves a spot in some niche categories that haven’t been explored or at least fleshed out due to technical limitations of older platforms. While the whole IoT industry is a ways off of mainstream adoption in terms of time to market, it’s by far one of the most demanding applications from a technical standpoint. Let’s get into it.
- Fantoms native token “FTM” is reasonably similar to its other projects in this space. Staking, transaction fees and governance systems are all handled by use of the FTM token. For those looking to add Fantom to their portfolio, they can also enjoy the passive rewards that come with securing the network. Because of the simplicity of the FTM token wherein the token is not tied to a specific use-case, the products built on Fantom and the use-cases served are only limited to the network itself. From simple payments to sensitive data storage across enterprise networks, as long as you require low-fee, lightning fast operations, Fantom has you covered. As of September 2019, Fantom has roadmap goals stretching through Q4 2019 into mid-2020 with exciting developments, partnerships and R&D efforts throughout.
- Fantom has shown an increasingly impressive ability to network their solutions. With companies and organizations the likes of Oracle, Danfoss and the Singapore Fintech Association (SFA) a part of Fantoms Enterprise Alliance, it’s great to see these companies take such interest in not only blockchain technology, but a project that is attempting to take the technology one step up from older projects such as Ethereum. It’s also a great sign to see majority of these partnerships coming from companies in and around their target market. We see a lot of pointless partnerships in this industry but Fantom has some exceptions here. Great to see a project out of Asia doing well on the networking/marketing front which is often a sticking point for these types of projects.
- The Team behind Fantom is no joke. Boasting an enormous amount of experience with blockchain technology, distributed systems and a host of new age programming systems, Fantom has always impressed on this front. Ahn Byung Ik (Founder) holds a Ph.D in computer science from Yonsei University and 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. | Michael Kong (CIO) previously worked as the Chief Technology Officer at Block8, a venture capital-backed Blockchain incubator where he managed all of the business’s projects. He studied Finance and Information Technology at the University of Sydney and built one of the first Ethereum decompilers and smart contract vulnerability detectors | Guillaume Drevon (Cryptography) is an experienced software engineering manager, having led development teams in a wide range of technologies, from windows kernel to mobile applications and in various industries such as video games, satellite and transportation. He studied at Ecole Normale Supérieure in Paris and holds a MAS in pure mathematics. | The list goes on and on here and we highly recommend checking the full Team. Another great resource is an interview by Crypto Lark where he sat down with Andre Cronje (Tech Advisor) Having watched the entire interview, it’s extremely refreshing to see a level headed conversation about the possibilities Fantom brings to the table.
- Although we have our concerns regarding the emerging IoT sector of crypto projects simply due to the idea of IoT still being so fresh and far from mainstream adoption, Fantom offers a lot more than that and it’s great to see. If Fantom were ONLY targeting the IoT market, there’d probably be more of a concern but with the technology behind the platform allowing for a massive amount of innovation in various sectors, this isn’t an issue. We could go on and list a ton of projects that should be watching Fantom closely and taking them very seriously as competition, but you get the idea. Whether it’s the secure, immutable storage of data or allowing devices to interact in real-time, there’s not a lot of applications that Fantom isn’t suitable for. We’re really impressed with not only the current state of Fantom but also the journey thus far.
- The concerns we have about Fantom are pretty general and could be applied to mostly any “Infrastructure project” which allow for smart contracts, decentralized applications, etc. Platforms such as Fantom, Ethereum, NEO and even newer platforms like Hashgraph and Tomochain are all participants in a race to market. While the use-cases for these platforms today are a far cry from what they propose, it’s inevitable that they’ll be adopted as the technology we see and use from day to day evolves in general. These platforms are building in the background with a plan for the future and for the patient investor, they’re great choices. While competition in the same industry encourages innovation, it’s still impossible to tell who will lead the pack in 5-10 years time. Again, not a fault on Fantoms part but something to consider when choosing which of these platforms to invest in.
- IoT (Internet of Things) is a very new industry that is still very much in its conceptual stages. As time as gone on, Fantom seems to have put more emphasis on it’s use-cases regarding IoT applications. IoT is an industry that we see being an inevitable advancement of technologies, but one that is still at least 5-10 years away from impacting the day to day lives of the general public, at least in most western countries. Fantom definitely stands out as one of the potential leaders in this space and if we did have bets on a project leading the IoT space into the mainstream, we’d put a good portion of that bet on Fantom. The concern here is that your investment will be not only quite a long-term one but an investment in an industry that is still a ways from seeing real world use-cases when compared to other industries currently being disrupted by blockchain technology.
- No other real concerns here. There aren’t any “red flags” from what we can see. Fantom is fast becoming a crowd favorite and for good reason, the speed of Nano and the smart contract capabilities of Ethereum combined into one project is a no-brainer for anyone looking to invest in great technology. While we do have our concerns about the IoT space in general seeing as it’s still such a new area of crypto, it’s something that definitely needs to be explored.