Cryptocurrency Q&A Is FTM a coin?

Is FTM a coin?

Elena Elena Mon Oct 28 2024 | 6 answers 1189
I'm interested in learning about FTM. Specifically, I want to know if FTM is considered a coin in the cryptocurrency world. Could someone please clarify this for me? Is FTM a coin?

6 answers

CryptoProphet CryptoProphet Wed Oct 30 2024
Fantom's native utility token, FTM, plays a crucial role in powering the entire Fantom blockchain ecosystem.

Was this helpful?

354
73
RainbowlitDelight RainbowlitDelight Wed Oct 30 2024
FTM tokens are utilized for various purposes within the network, including staking, governance, payments, and fees.

Was this helpful?

300
59
Chloe_jackson_athlete Chloe_jackson_athlete Wed Oct 30 2024
Staking FTM tokens allows users to actively participate in the security and validation of transactions on the Fantom blockchain.

Was this helpful?

62
86
KimonoElegance KimonoElegance Tue Oct 29 2024
Governance on the Fantom network is also facilitated through the use of FTM tokens, enabling the community to vote on proposals and make decisions that shape the future of the ecosystem.

Was this helpful?

200
69
DigitalBaron DigitalBaron Tue Oct 29 2024
In addition to its utility within the Fantom ecosystem, FTM tokens can also be used for payments and to cover transaction fees on the network.

Was this helpful?

64
98
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts