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Contents
- Staking Fantom
- How to Start FTM Staking?
- FTM Staking on Fantom
- Advantages and disadvantages
- Predictions and prospects
A few words about Fantom (FTM)
The Fantom coin was officially launched in 2018. Currently, this token is comfortably located in the top 50 and shows pretty good prospects.
FTM is a cryptocurrency within the Fantom system, which was founded by Ahn Ben Ik, Ph.D. in computer science. Along the way, he serves as president of the Korean Food Technology Association and co-author of Fortune magazine.
How to start FTM staking?
Fantom plays the role of a decentralized ecosystem based on the FTM coin and the Fantom platform of the same name.
It is logical to assume that you can manage digital assets for your own purposes on Fantom's expanse. Everything is extremely simple and straightforward!
To earn from digital coin staking, you need to connect a Fantom cryptocurrency wallet, such as this one, and fund your account. You can buy FTM both on Fantom platform and on major exchanges (Binance, Huobi, etc.).
It is no secret that many users practice staking as a source of additional income. The fact is that the process is fully automated and does not require the constant presence of holders. Everything is very simple and straightforward!
FTM Staking at Fantom
It's worth noting that every user can activate FTM staking on Fantom. Simply put, these are rewards for contributions to the ecosystem. The main thing is to comply with all the terms and conditions of the company. There's nothing complicated about it!
You can stake with both your computer and mobile devices. In the personal cabinet of the site the actual annual income and the approximate amount of the reward is displayed. Everything is quite easy and clear!
Advantages and disadvantages
If we talk about the advantages of Fantom (FTM), we can highlight such qualities as:
- open source code;
- the scalability of the network;
- the fast speed of transactions;
- a strong level of security;
- low commissions within the system;
- experienced development team.
As for the disadvantages, we were able to identify one significant problem. Of course, we are talking about the presence of serious competitors (Ethereum and Cardano). And that's the end of it!
Forecasts and prospects
We can conclude that Fantom (FTM) leaves contradictory impressions. On the one hand, the considered cryptocurrency has a lot of popular competitors. On the other hand, this project has the world's first platform for smart contracts based on DAG. Simply put, everything depends on the further actions of the developers. It is quite logical!
Author bio
Jamie is a graduate MBA from the UCLA Anderson School of Management and now is engaged in cryptocurrency analytics and forecasts. She also writes extensively on blockchain, cryptocurrency, and the modern digital technologies for business.
Jamie's Twitter: https://twitter.com/@JamieEMartinez1
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.