Fantom

DLT Technology
Fantom header

Fantom

DLT Technology

DAG based smart contract platform

South Korea, Seoul
$40M
Total amount raised
2018
Year of establishment
Active
Status

About

Hi we’re Fantom!


FANTOM is the world’s first DAG based Smart Contract platform that solves the scalability issues of existing public distributed ledger technology. The platform distinguishes itself from the traditional block ledger-based storage infrastructure by employing an improved version of existing DAG-based protocols. The FANTOM platform adopts a new protocol known as Lachesis Protocol to maintain consensus. Applications built on top of the FANTOM OPERA Chain enjoy instant transactions and near-zero transaction costs for all users.

Key objective

Granting compatibility between all transaction bodies around the world using DAG technology, and to create new infrastructure with high reliability that allows for real-time transactions and data sharing.

Slogan / Motto

The nervous system for smart cities.

Use cases

Smart Contracts
Scaling Solutions

Team

Team members

Michael Chen Chief Marketing Officer

Responsibilities

He is a public relations- and marketing strategist with extensive experience in working with several high profile ICO’s. With almost 2 years of experience in the cryptocurrency space as an investor, Michael has done due dilligence on 400+ ICO’s before joining the Fantom Foundation.

Dr. Ahn Byung Ik Founder

Responsibilities

He is the Chief Executive Officer of Fantom Foundation. He holds a Ph.D in computer science from Yonsei University and has been awarded the President Award for his successful IT business. He is a contributing writer at Fortune Magazine, and has been featured in South Korea’s major business media outlets. In 2010, he established a successful food-tech platform SikSin, which has since acquired over 3.5 million downloads and 22 million monthly page views. He is the president of the Korea Foodtech Association that consists of 90 companies as its members.

Ashton Hettiarachi Head Innovation Lab

Responsibilities

Ashton has over 10 years experience in business, the financial markets, and emerging technologies. He is the Chief Executive Officer at Blockchain Partners Holdings— a cryptocurrency investment and research firm located in Australia. Since 2016, Blockchain Partners has collected over billions of data points in cryptocurrency markets and have invested in 30+ successful ICOs. He was also responsible for building one of the largest e-commerce stores in the Middle East serving over 12,000 customers and shipping 50,000+ products.

Michael King Chief Information Officer

Responsibilities

He is a smart contract developer who has been involved in the blockchain space for several years. He previously worked as the Chief Technology Officer at Block8, a venture capital-backed Blockchain incubator where he managed all of the business’s projects. He studied Finance and Information Technology at the University of Sydney and built one of the first Ethereum decompilers and smart contract vulnerability detectors.

Customers / Partners

Products

Tokens

Fantom
Fantom
($FTM)
Type
Utility tokens
Token standards
ERC-20
Price
$0.00
Market Cap
$0.00

Funding

Received funding
$40,000,000
Total amount raised
3
Rounds
11
Total amount of investors
Amount Raised
Funding type
Funding round closing
Investors
$40,000,000
Venture
8 Decimal Capital
Arrington XRP Capital
Bibox Fund
Elysium Venture Capital
Hyperchain Capital
JRR Crypto
Link VC
Nirvana Venture Advisors
Obsidian Capital
Signum Capital
N/A
Venture
Kosmos Capital
N/A
Unattributed

News

ABBC Coin, AAVE and Fantom (FTM) rally higher after partnership announcements

Network upgrades, liquidity mining and lucrative shopping reward programs back the strong rallies seen in FTM, AAVE and ABBC.


15 days ago


Partnership
Aave
Fantom Foundation
Fantom

Fantom surges 52% following network upgrade

Dubbed “Go-Opera”, the latest upgrade to Fantom introduces a range of technical changes.


15 days ago


Product update/release
Fantom Foundation
Fantom

Afghanistan Approves Blockchain Project to Help Tackle Scourge of Counterfeit Meds

Fantom is launching a pilot to help combat Afghanistan's counterfeit drugs problem using its blockchain to trace products along the supply chain.


10 months ago


General news
Fantom Foundation
Fantom

Ethereum Classic Jumps Into DeFi With Fantom Partnership, But Only as Collateral

Ethereum Classic is jumping into DeFi, but only as a collateral...


a year ago


Partnership
Ethereum Classic Labs
Ethereum Classic
Fantom Foundation
Fantom

What is XAR Network? Framework for Decentralized Finance on Cosmos & Fantom

The XAR Network could be one of the tools that is used to create new financial systems all over the world. Instead of working as a single network, the XAR Network allows developers to create their own systems and also...


a year ago


Product update/release
Fantom Foundation
Fantom