What Is FantomGO (FTG)?

FantomGO is a cross-chain protocol designed to support innovators raise capital in a decentralized environment. The platform was built for raising capital and performing auctions across different blockchains. So, it provides the opportunity to tap additional liquidity and users from other ecosystems. But, the ecosystem runs on its own blockchain, the Fantom blockchain.

Fantom is claimed to be a fast, scalable, and secure layer-1 platform built on an aBFT consensus protocol. Also, Fantom is designed to be permissionless, decentralized, and open-sourced. Using its revolutionary aBFT consensus mechanism, Fantom seeks to be much faster and cheaper than previous technologies. Briefly, Asynchronous Byzantine fault tolerance (aBFT) is a characteristic of Byzantine fault-tolerant consensus algorithms that enables the network's honest nodes to guarantee and agree on the timing and order of a set of transactions. A BFT is a consensus mechanism that ensures that a distributed network will continue to operate even when some of the nodes in the network fail to respond or function maliciously.

Fantom is one of the protocols that would integrate firmly with the Fantom ecosystem while moving to enable interchangeability between Fantom and the exo-Fantom ecosystems.

FantomGO launchpad is an example of alternative fundraising and enables permissionless launches for projects to access the investor community on Fantom. FantomGo plans to integrate a range of project-centric features that allow projects to access DeFi markets, yield farming, NFT sales and on-chain activity mining that serve as value-add features. FantomGo intends to be the most project-friendly launchpad in the Fantom ecosystem.

FTG token is the native token of the platform. The token is used to purchase bond NFTs and in liquidity staking. The FTG token is also a governance token wherein holders can propose and vote on on-chain governance proposals. Additionally, the token derives economic growth for the Fantom ecosystem.

History of FantomGO (FTG)

Daron Bennett and Ryan McGinley co-founded FantomGO.

Daron has an entrepreneurial background with a lot of experience in building frameworks and systems for venture-backed startups. He also served as a Growth Engineer and Strategist at Postmates, MusclePharm, and TMT.

Ryan served as a Growth Engineering Strategist for companies such as BasePaws, Teamspeak, and Vivint Solar.

FantomGO has a total (maximum) token supply of 1,000,000,000 FTG.