What is Fantom Token (FTM)?
Fantom (FTM), launched in 2019, is a high-performance, scalable, and secure smart-contract platform. It is designed to overcome the limitations of previous generation blockchains and aims to offer improved transaction speed and reduced costs. Fantom’s architecture, based on the Lachesis consensus algorithm, enables much faster and cheaper transactions than traditional blockchains. This makes it an attractive platform for DeFi services, supply chain management, and other applications that require high throughput.
The FTM token, native to Fantom, is used for network fees, staking, and governance. Users can stake FTM to secure the network and participate in decision-making processes, thereby contributing to the platform's resilience and efficiency. Fantom’s emphasis on speed and scalability positions it as a competitive player in the blockchain space, especially for enterprises and developers looking for efficient decentralized solutions.
The FTM token, native to Fantom, is used for network fees, staking, and governance. Users can stake FTM to secure the network and participate in decision-making processes, thereby contributing to the platform's resilience and efficiency. Fantom’s emphasis on speed and scalability positions it as a competitive player in the blockchain space, especially for enterprises and developers looking for efficient decentralized solutions.
Why choose Rabbit Wallet for Fantom Token?
Whether you're a total crypto newbie or a seasoned pro, Rabbit Wallet's got your back for
handling your FTM with ease. Check out some cool features that make Rabbit stand out:
Exchange Fantom Token (FTM)
With the Rabbit's built-in coin swap feature, you can exchange your Fantom Token for
any other coin at the best rates without ever leaving the cozy confines of your
wallet.
Self-Custodial
With a self-custodial wallet, you control the keys to your Fantom Token, meaning that
nobody, not even Rabbit, can ever access your coins. This also leads to faster
transactions with no third-party fees except for miners and increased flexibility.
Optimal Fees
The unique fee calculation algorithms provide you with various options when
available, allowing you to choose the most optimal one to ensure your transaction is
confirmed both swiftly and cost-effectively.
User-Friendly
We've worked hard to make Rabbit Wallet user-friendly for everyone. Packed with
features, it suits users at all levels, and our developers respond directly when
help is needed.
How to use Rabbit Wallet?
Creating a new wallet takes just a few clicks, and requires no information from you.
Here is a short brief on how you can create your new wallet:
Here is a short brief on how you can create your new wallet:
Save your phrase
You will be given a phrase, which will act as a primary key to your wallet. Save it
securely.
Set your password
Password is required to both open your wallet, and to perform any transactions.
You are in!
Now you are all set to explore the crypto world! Welcome to freedom!
Friendly tip: Having your passphrase on a sticky note under a keyboard might not be the best way to
store it.