KuCoin Announces the Listing of Fantom FTM Today

News BTC | November 7, 2018 | 9:24 am
kucoin

KuCoin Announces the Listing of Fantom FTM Today

News BTC | November 7, 2018 | 9:24 am

KuCoin has already proven its efficacy in the cryptocurrency industry. Their continuous development both in interface and customer service has made the platform a stable and reliable system for every user. Therefore, making KuCoin as amongst the leading crypto exchanges in the present time.

Today, they are very pleased to announce that they have listed another promising currency called Fantom (FTM).

Deposits are now available with supported trading pairs such as FTM/BTC an FTM/ETH. All transaction activities are done utilizing KuCoin’s official website, www.kucoin.com, or to their mobile application.

Buying order starts at 17:30 (UTC+8), while Selling order at 18:00 October 30, 2018 (UTC+8), and Withdrawal at 20:00 (UTC+8).

About Fantom (FTM)

FANTOM is a DAG-based platform that will enable users to build and perform smart contracts in a much flexible and scalable manner contrasted to blockchain-based agreements. Often without recognition, most people do not understand that the blockchain technology moves its transactions and smart contracts within the blocks which operate under the miners. With them in between it often presents various risks which point to snag the trades. Through the DAG disqualification of miners, the deals will go on faster since the solution eliminates several transactions.

How does Fantom DAG Smart Contract Opera Chain operate?

FANTOM define their platform as using a more improved version of the DAG model to increase the speed of resolving the contracts and raising the levels of scalability.

Fantom FTM Token ICO

The FANTOM platform primary token (FTM) will adopt an inflationary system which facilitates the expansion of the ecosystem.  The total token number will be 3.55 billion with an initial 5% inflation rate annually. Once the price approaches 20%, the rest of the tokens go into offering incentives and rewards for the FANTOM platform users. Still, it is discerning to note that the concept is still primarily on paper and plans to roll out once it concludes all its improvements at the beginning of 2019.

Fantom ICO Team

The lead team behind Fantom Foundation is composed of 11 members, along with eight advisors. Beyond the core foundation members, the platform development team holds an additional 16 members in total.

Dr. Ahn Byung Ik (Founder and CEO) Dr. Ahn holds a Ph.D. in computer science from Yonsei University and is President of the Korea Food-Tech Association. Dr. Ahn’s record of previous successes in the startup realm is noteworthy. In 1998, he founded a location based service company called Point-I which he then sold after IPO. Again, in 2010, Dr. Ahn founded food-tech platform SikSin (similar to Yelp) which according to Google Play has reached 1 million+ downloads.

Bob Tucker (COO) Bob has 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. He has prior experience in the cryptospace through his role as COO at Digital Currency Holdings.

Sean Yun (CFO) Sean concurrently serves in several different positions aside from Fantom- he is an Auditor for Natural FNP and TCN Bioscience, and also CEO of Foodntable. Prior to his current roles, he served as a manager at the Industrial Bank of Korea for 3 years.

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

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