The Fantom Foundation was founded by Dr. Ahn Byung Ik. a South Korean computer scientist as a directed acyclic graph smart contract platform providing decentralized finance services to developers using its own bespoke consensus algorithm. It’s iProof of Stake (PoS) token, FTM, is how transactions are carried out. These transactions allow fee collection, staking activities and user rewards the latter represents.
Raising nearly $40 Million in 2018 Fantom has been an interesting player in the smart contract world boasting that FTM will “grant compatibility between all transaction bodies around the world.”
The current market cap sits at $2,968,113,923 USD and has a circulating supply of 2,545,006,273 FTM coins and a max. supply of 3,175,000,000 FTM coins.