All About Fantom Chain.

What is Fantom?

Fantom is an open-source, high-performance, scalable smart-contract platform. It is perhaps best known for its native currency "FTM", or Fantom token. Conceived by Dr. Ahn Byung Ik in 2018, Fantom aims to solve issues of scalability and transaction speed.

Fantom was designed with a primary purpose of executing peer-to-peer contracts using FTM. However, Fantom has since gone beyond merely being a digital currency and has given birth to a vibrant ecosystem of decentralized applications, particularly within the DeFi and NFT spaces. To learn more about Fantom, refer to the Fantom whitepaper.

How does Fantom work?

Like many other cryptocurrency networks, Fantom’s infrastructure relies on smart contracts. These are autonomous contracts with agreement terms embedded directly into the code. Smart contracts eliminate the need for middlemen, automatically initiating execution once predefined conditions are satisfied, hence providing reliability and transparency.

Fantom is distinguished by a unique consensus mechanism called “Lachesis”, which enhances the traditional Proof of Stake (PoS) mechanisms. This asynchronous Byzantine Fault Tolerant (aBFT) consensus algorithm empowers Fantom to accomplish transactions at high speed and minimal cost. This makes Fantom well-suited for DeFi applications and other decentralized services. Thanks to its EVM compatibility, Fantom supports Ethereum-based token standards such as ERC-20, ERC-721, and ERC-1155.

How to Find Undervalued Tokens on Fantom

Moralis allows cryptocurrency traders to find undervalued or undiscovered tokens on Fantom. Specifically, Moralis allows traders to interpret on-chain data in real-time, giving them access to unbiased trading data. This means anyone can trade like a pro and discover Fantom altcoin gems before they break out.

Anyone using Moralis can set up their own customizable filters. This allows traders to sort through coins, such as Fantom tokens, according to their own preferences. Choose from metrics such as coin age or security score, to liquidity, experienced buyers, or even social media metrics.

If you find a Fantom token you’d like to purchase, you can buy Fantom tokens through Moralis. All you need to do is go to the token page of an interesting Fantom token, click the “Buy” button, and you’ll be able to buy the relevant coin.

New Fantom Tokens

Moralis lets you discover all the most recently minted coins on any supported network, and Fantom is not an exception. Simply go to the “New Coins” tab and ensure you’ve selected “Fantom” to see all new Fantom tokens.

However, keep in mind that newly minted coins generally have a higher risk profile than more established coins. As such, it is paramount that you do your own research (DYOR) and always take new coins with a pinch of salt.