Dear KuCoin Users,
KuCoin is extremely proud to announce yet another great project coming to our trading platform. Fantom Foundation (FTM) is now available on KuCoin. Supported trading pairs include FTM/BTC and FTM/ETH.
Check out all promotion details here
Please take note of the following schedule:
Fantom (FTM) Deposits Effective Immediately
Fantom (FTM) Buying order: 17:30 November 06, 2018 (UTC+8)
Fantom (FTM) Selling order: 18:00 November 06, 2018 (UTC+8)
Fantom (FTM Withdrawal: 20:00 November 06, 2018 (UTC+8)
Fantom Foundation's Links
Fantom (FTM) Official Website
Fantom (FTM) Whitepaper
Fantom Foundation Summary
The Fantom ICO offers a DAG-based blockchain protocol for instant transactions and infinite scalability at near zero cost.
As a project based in Korea, Fantom could arguably maintain a hold on their domestic market via the connections Dr. Ahn and others on the team possess.
The Fantom team has set a throughput target at 300k transactions per second. As a high-performance blockchain, their goal is to be among the first platforms to disrupt the existing payments and supply-chain management industries.
The business plan explains that the team builds a DAG project to improve on current blockchain scalability problem as nodes process transactions asynchronously.
The Whitepaper is mostly technically oriented and provides detailed information on how the system will work. There is a description for each of the OPERA layers.
Legal & Disclaimers Description
Team and Advisors Description
Both the website and the White Paper have provided an exhaustive list of the team, and the website has links to their Linkedin profiles.
Roadmap & Milestones
The Roadmap is quite long and gives a lot of information about the team's plans. It is described with lots of details and creates the impression that the team knows what it is doing.
Team And Advisors
Ahn Byung Ik is CEO at Fantom. He is an expert in LBS / Blockchain & Distributed System/Social Network & Computing/ Mobile / O2O technology of Food Tech.
Worked as a research engineer after receiving Ph.D. from Yonsei University. Starting from KT in-house venture in 1998, founded LBS (Location Based System) Company ‘Point-I’ in 2000 and sold the business after the IPO. Currently, the CEO and the founder of foodtech O2O company Siksin Co., Ltd.
Also, the president of the ‘Korea Foodtech Association’, a board member of Korea LBS Industry
association, and ‘Korea Internet Experts’ Association.
Bob Tucker (COO) – Bob has over 25 years of experience managing businesses for leading financial institutions and asset managers. That includes Barclays Capital, Bank Austria Creditanstalt, Man Investments and ANZ Bank.
Most recently, Bob was the Head of Business Management for the Global Markets and Institutional Loans division of ANZ Bank. He has prior experience in the cryptospace through his role as COO at Digital Currency Holdings.
Isaac Lee (CIO) – Isaac is a general partner at BlockWater Capital. As a company that focuses on bringing blockchain projects to fruition, this is not his first foray into the cryptospace.
Isaac is also former COO of KRTG, a consulting company specializing in digital assets. Joseph Jang (CSO) – Joseph currently serves as VP of SL Blockchain Partners. He is also former CFO of Global IP, a company which offers a cryptocurrency arbitrage automated tradebot system.
Other past roles include International Director of Business Development at DVInside and Director of International Investment at Sansoo Ventures.
Team skills, experience and structure
The team behind the project is quite large and covers a wide range of professionals with both academic and practical experience. We can add to them a long list of advisors and a large and stable team of developers.
Advisors background, experience and community feedback
Steve Bellotti – COO of Digital Currency Holdings and former Director of ANZ Bank. Cho Min Sik (Michael) – board member of Korean messaging app Kakao. Kim Hyeong Joo- President of the Korean Blockchain Association.
Venture Capitals, Hedge funds and other Investors
The list of investors seems to have no end. There are names like BlockWater Capital, HyperChain Capital, Signum Capital, Kosmos Capital, Block VC, Chain Rock, One Block Limited just to name a few of the most important ones.
The Whitepaper presents information about a lot of partners. Some of them are King & Wood Mallesons, Oracle, SB CK Softbank Group, Coinsilium, Quantum and others.
Speed of selling out the ICO
The interest in the project was so big that the team organized a lottery to participate in the sale.
Hard cap amount
Type of blockchain technology
FANTOM is a DAG based smart contract platform that solves the issue of scalability and
confirmation time of the existing blockchain technology.
Tokens sold on Public Sale
100% of tokens
People share mostly positive opinions on social networks.
Technology & Development
Product development progress
The project is at a very early stage of development. The team is ambitious and has put a lot of milestones in the third quarter of 2018.
Blockchain technology usage and innovation
DAG platforms are new-generation systems more advanced than blockchain. The promised results are higher transaction speed for the moment, lower cost, and infinite scalability.
Dependencies to third party platform or service
For now, the tokens are on the Ethereum network. After the mainnet, they will switch to their own network. We can talk only for dependency by some of the partners like Oracle. They provide some of the database services used by Fantom.
Risk Warning: The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin screens all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for user’s investment gains or losses, the information we provide if for users to conduct their own research, it is not investment advice.
We sincerely appreciate your support and understanding, we hope this information proves useful to all users and potential investors.
The KuCoin Team.