Fantom
Crypto Overview
Overview
Fantom is a layer-1 blockchain platform launched in 2019, designed to provide fast, secure, and scalable decentralized applications (dApps). It uses a Directed Acyclic Graph (DAG) structure and a unique consensus mechanism called Lachesis.
Purpose and Utility
Fantom's primary purpose is to serve as a smart contract platform offering high throughput and low transaction costs. The FTM token is used for network security through staking, transaction fees, and governance. The platform supports decentralized finance (DeFi) applications, NFTs, and other blockchain-based services.
Business Model and Implementation
The platform focuses on legitimate technological advancement, particularly in terms of scaling solutions and transaction speed. The core technology serves constructive purposes in facilitating efficient blockchain transactions and supporting development of decentralized applications.
Real-World Adoption
Fantom has achieved significant adoption, with multiple partnerships including government projects in Pakistan and Afghanistan for blockchain-based solutions. The network processes millions of transactions monthly and hosts hundreds of decentralized applications.
Development Activity
The project maintains active development with regular updates to its core protocol. The GitHub repository shows consistent contributions and technical improvements. The Fantom Foundation continues to expand the ecosystem through grants and developer incentives.
Token Distribution
The initial token distribution allocated 40% to sale events, 25% to the team and advisors, and 35% to ecosystem development and rewards. Team tokens were subject to a vesting schedule to ensure long-term alignment.
Crypto Impact
To assign a comfort level investing in Fantom from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Fantom.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.