Introduction to FTM Token
FTM is the native cryptocurrency of Fantom, a high-performance decentralized network utilizing an aBFT consensus mechanism. Known for its lightning-fast transaction confirmations (under 1 second) and minimal fees (cents per transaction), Fantom is a go-to platform for decentralized applications (dApps).
👉 Discover how Fantom compares to other blockchain networks
FTM Token Standards
FTM exists in three primary forms:
Mainnet Token
- Used for network fees, staking, and governance on Fantom.
Ethereum (ERC-20) Token
- Compatible with Ethereum-based wallets and exchanges.
Binance Chain (BEP-2) Token
- Operates on Binance Chain (distinct from Binance Smart Chain).
Setting Up a Wallet for FTM
MetaMask Configuration for Fantom
Follow these steps to add Fantom to MetaMask:
- Open MetaMask and select "Add Network".
- Enter Fantom’s RPC details (available in Fantom’s official documentation).
- Click "Approve" to save the network.
For wallets without native Fantom support, manually add a custom RPC endpoint.
Using Ledger with Fantom
- Install the Fantom app (v1.0.7) via Ledger Live.
- Connect Ledger to fWallet and select an address.
- For MetaMask integration, enable "Connect Hardware Wallet" and follow prompts.
👉 Explore secure storage options for FTM
Managing FTM Tokens
Creating a Software Wallet
- Visit wallet.fantom.network.
- Generate a mnemonic phrase and store it securely.
- Download a keystore file (password-protected) for easy access.
Sending FTM
Navigate to the "Send" tab in fWallet, specify the amount/recipient, and confirm the transaction.
Staking and Governance
Staking FTM
- Select "Staking" in fWallet.
- Choose a validator and lock FTM (1–365 days for 1.8%–6% APR).
- Delegators earn rewards minus a 15% validator commission.
Governance Participation
- Vote on proposals via fWallet’s "Governance" tab.
- Create proposals (100 FTM fee) and discuss them on Fantom Forum.
FTM Use Cases
- Network Fees: Low-cost transactions.
- Security: Eco-friendly PoS staking.
- Governance: Decentralized decision-making.
- Payments: Near-instant, cheap transactions.
Buying and Storing FTM
Where to Buy
- Exchanges: Listed on major CEXs (e.g., Binance) and DEXs.
- Fiat On-Ramps: Transak supports bank/card purchases.
Mobile Wallets
- Use Ethereum-compatible wallets for ERC-20 FTM.
- Caution: Never send mainnet FTM to non-supported wallets.
FAQ
How do I unstake FTM?
Unstaking triggers a 7-day waiting period. Penalties apply for early unlocks.
Can I vote with unstaked FTM?
No. Only staked FTM counts toward governance.
What’s the minimum stake for validators?
500,000 FTM.
Need Help?
Reach out via Fantom’s Telegram or Discord.
Stay updated via Twitter and the Fantom Blog.