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What is the meaning of FTM in the context of cryptocurrency on a phone?

avatarSmarleyNov 29, 2021 · 3 years ago3 answers

Can you explain the meaning of FTM in the context of cryptocurrency when using a phone? I've seen this term mentioned in some crypto discussions and I'm curious to know what it stands for and how it relates to mobile devices.

What is the meaning of FTM in the context of cryptocurrency on a phone?

3 answers

  • avatarNov 29, 2021 · 3 years ago
    FTM stands for Fantom, which is a blockchain platform designed for decentralized finance (DeFi) applications. It aims to provide fast and secure transactions, low fees, and scalability. FTM can be used on mobile devices through the Fantom Wallet app, allowing users to access and manage their FTM tokens on the go. It's an exciting project that offers potential opportunities for mobile crypto enthusiasts.
  • avatarNov 29, 2021 · 3 years ago
    FTM is short for Fruity Token Machine. Just kidding! In the context of cryptocurrency on a phone, FTM refers to the native token of the Fantom blockchain. It's used for various purposes within the Fantom ecosystem, such as paying for transaction fees, participating in governance, and incentivizing network validators. So, if you see FTM mentioned in crypto discussions, it's likely referring to this specific token and its associated blockchain.
  • avatarNov 29, 2021 · 3 years ago
    FTM, also known as Fantom, is a cryptocurrency that operates on its own blockchain network. It offers fast and secure transactions, making it suitable for mobile devices. Fantom has its own mobile wallet app, which allows users to store, send, and receive FTM tokens directly on their phones. With the growing popularity of mobile crypto usage, FTM provides a convenient way for users to engage with the Fantom ecosystem while on the move. If you're interested in exploring mobile crypto options, Fantom and FTM are worth considering.