Is WFTm the same as FTM?

BTCC, a reputable UK-based cryptocurrency exchange, offers a comprehensive suite of services catering to the diverse needs of cryptocurrency enthusiasts. Its offerings encompass spot trading, where users can buy and sell cryptocurrencies at prevailing market prices, and futures trading, allowing for speculation on future price movements.

In addition to its trading services, BTCC also provides a secure wallet solution. This feature enables users to safely store their cryptocurrencies, including FTM and WFTM, in a digital environment protected by advanced security measures. The wallet's user-friendly interface further simplifies the process of managing digital assets.

FTM, the native currency of the Fantom blockchain, serves a pivotal role in the ecosystem. It is primarily utilized for gas fees, ensuring the seamless execution of transactions on the network. The security aspect of FTM is also of paramount importance, safeguarding the integrity of the blockchain.

Recognizing the potential of FTM in the decentralized finance (DeFi) landscape, a wrapped version known as WFTM has been introduced. This innovation enables FTM to be more readily integrated and utilized within the dynamic world of DeFi, broadening its reach and enhancing its functionality.

The Fantom network leverages FTM as its blockchain token for transaction fees. By doing so, it ensures that users have a direct and efficient means of compensating for the computational resources required to process their transactions. This model fosters a self-sustaining ecosystem where network usage directly contributes to its maintenance and growth.