Cryptocurrency Q&A What token is FTM?

What token is FTM?

CryptoWarrior CryptoWarrior Sun Nov 17 2024 | 6 answers 1487
I recently encountered a term 'FTM' in the crypto or financial world, and I'm not sure what it stands for. Could it be a specific token or coin? I'd like to know more about it. What token is FTM?

6 answers

CryptoEnthusiast CryptoEnthusiast Tue Nov 19 2024
The Fantom utility token, FTM, serves multiple purposes within the Fantom network.

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JejuSunshineSoul JejuSunshineSoul Mon Nov 18 2024
BTCC, a top cryptocurrency exchange, offers a comprehensive range of services for FTM holders. These include spot trading, futures trading, and a secure wallet for storing FTM tokens.

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Valentina Valentina Mon Nov 18 2024
One of its primary uses is to reward validators for their contributions to the network's consensus mechanism.

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Filippo Filippo Mon Nov 18 2024
FTM is also essential for executing financial transactions, allowing users to send and receive funds quickly and efficiently.

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Giulia Giulia Mon Nov 18 2024
Additionally, holding FTM grants governance rights to its holders, enabling them to vote on network proposals and shape the future of the Fantom ecosystem.

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