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9/28/2022, 6:27:39 AM

Keep an eye on FantOHM DAO

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FantOHM DAO is on the decline this week.

The price of FantOHM DAO has fallen by 5.85% in the past 7 days. The price declined by 2.38% in the last 24 hours. In just the past hour, the price shrunk by 0.03%. The current price is $0.918231 per FHM. FantOHM DAO is 99.86% below the all time high of $633.48.

The current circulating supply is 0 FHM.


What Is FantOHM (FHM)?

FantOHM DAO (FHM) is a multichain decentralized reserve and revenue protocol that aims to overcome ever-increasing inflation and the limitations of traditional finance while generating a continuous stream of income for its traders.

The project is an Olympus (OHM) fork. There are multiple OHM forks in the market. The vast majority of them are merely replicas of Olympus, a DeFi project attempting to create a global stablecoin asset-backed by cryptocurrency. But the whitepaper claims FantOHM is different. Along with aiming to achieve an organic community growth rate, FantOHM aims to use a proof-of-burn mechanism to add functionality and a revenue generation potential. Proof of burn is one of the consensus mechanism algorithms implemented by a blockchain network to ensure that all participating nodes agree to the valid state of the blockchain network.

With the addition of FantOHM’s stablecoin, called FHUD, the platform aims to improve the FantOHM DAO Ecosystem further. FHUD aims to offer the platform the ability to put the stablecoin holdings of the treasury into various assets and increase the total profitability without changing the amount of assets with no risk. To create FHUD, the platform removes the FHM from the DAO operating account through a smart contract which burns the FHM forever while placing a receipt token in the DAO treasury in the form of FHUD. This mechanism gives the FHUD token its value. The platform then aims to have the value of burned DAO operational funds sitting in the treasury in the form of untradeable FHUD. By doing this, they take an equal amount of stablecoins and put them into different assets for further profitability, while the total value locked (TVL) of the treasury stays unchanged.

History of FantOHM

The platform’s roadmap for 2022 is on the website in three separate months. January includes launching the analytics dashboard and multiple staking options. February includes a cross-chain launch, while treasury diversification and lending and borrowing aim to be introduced to the platform in March.

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What is the current price of FantOHM DAO?

The price of 1 FantOHM DAO currently costs $0.92.

What is the market cap of FantOHM DAO?

The current market cap of FantOHM DAO is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of FantOHM DAO?

The all-time high of FantOHM DAO is $633.48. This all-time high is highest price paid for FantOHM DAO since it was launched.

What is the 24 hour trading volume of FantOHM DAO?

Over the last 24 hours, the trading volume of FantOHM DAO is $3.22.

What other assets are similar to FantOHM DAO?

Assets that have a similar market cap to FantOHM DAO include Quartz, MyRichFarm, Generous Robots DAO, and many others. To see a full list, see our comparable market cap assets.

How many FantOHM DAO are there?

The current circulating supply of FantOHM DAO is 0.

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