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FANTOM is the world’s first Directed Acyclic Graph (DAG) based Smart Contract platform that solves the issue of scalability and confirmation time of the existing blockchain technology. FANTOM uses OPERA Chain (processes a list of events asynchronously with no rights to modify previous confirmed transactions), Lachesis Protocol (transactions are confirmed with a DAG) and Story Data (transaction and smart contract function may store a piece of data for tracking and supply-chain management). It has the following features:
- Instant Payment/Settlements – Asynchronously with instant confirmation
- Near Zero Cost – Less than 0.01 USD
- Infinite Scalability – Capability increases as more nodes participate
- Open-sourced – Transparent
- 300,000 TPS
FANTOM can be used on a large scale in various industry verticals, such as telecommunication, finance, logistics, electric vehicle provision and others. The FANTOM Foundation aims to create the FANTOM platform along with a new Smart Contract-based ecosystem that can be used by all current and future partner companies around the world. To facilitate consistent global transactions with high accuracy and reliability, the FANTOM Foundation will lead the next generation of distributed ledger technologies.
The platform aims to be open-source: used and changed by the community, and will provide various application support tools that can be used to create decentralized application services (dApps). Furthermore, they aim to facilitate the ecosystem and contribute to making a more transparent and impartial society by creating a reward-based token economy.
Team & Advisors – 8/10
The Fantom core team consists of 27 members with extensive experience in blockchain/DAG space as well as development, business and entrepreneurship. Fantom already has partnership with Oracle and Quantum Equity Partners.
Ahn Byung Ik, CEO – Ph.D in computer science from Yonsei University, Ahn is a contributing writer at Fortune Magazine, and has been featured in South Korea’s major business media outlets. In 2010, Dr. Ahn 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.
Bob Tucker, COO – over 25 years of experience managing businesses for leading financial institutions and asset managers, including 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.
Fantom’s advisors include Jo Min Sik (Non-executive Director of Kakao), Francisco Jo (General Partner of Blockwater Capital), Steve Bellotti (CEO of Digital Currency Holdings) among others.
Partners & Investors
BlockWater Capital, TCM, Hyperchain Capital, Signum Capital, Kosmos Capital
Roadmap – 8/10
Fantom has a long roadmap and no MVP, however they plan to start releasing code on Github soon..
June, 2018: Generation of the ERC-20 Token, Middleware beta launch, Validation of the Lachesis Protocol
Q3, 2018: Middleware Layer, Public API disclosure
Q1, 2019: Development initiation of OPERA Core Layer, Virtual machine beta
Q3, 2019: Mainnet Launch
Q2, 2020: Global platform expansion, FANTOM Council establishment
Token Metrics – 8/10
Total Hardcap: $39.85M USD
Max supply: 3.55B total tokens
Token sale %: 40%
ICO Price: $0.04 USD
Tokens released after Main sale on June 15th
Positive for short term flip
Neutral for long term hold