Fantom which gained 9% at the launch of the grant program

Fantom has been steadily gaining news of several notable developments over the past week.

Yesterday they announced the launch of a $480 million grant program that will be distributed to some of the top projects by TVL (Total Value Locked) on the blockchain.

This short guide covers everything you need to know about the Fantom network and the coin, including whether you should buy it. Here's where you can buy Fantom if you want.

What is Fantom?

Fantom is unique in that its blockchain seeks to facilitate DeFi and similar services based on smart contracts by using a new consensus mechanism built from the ground up called Lachesis.

This mechanism promises a transaction processing time of 2 seconds and a much higher capacity and security superior to traditional algorithm-based proof-of-stake platforms.

Fantom aims to replace Ethereum and will appeal to developers looking to deploy decentralized solutions. Another goal is the worldwide compatibility of all transaction points.

Its native coin, FTM, forms the backbone of transactions on the blockchain, enabling staking, rewards, and fee collection.

Should I buy Fantom today?

Fantom can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do some market research before making a commitment.

Fantom Price Prediction

Wallet Investor predicts FTM could hit $2.13 in August and break $3 by the end of this year. At the time of writing it was worth $1.57.

Digital Coin predicts that 1 FTM will average $1.84 this year and $1.99 next year, rising to $2.66 in three years.

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