What is Fantom

Fantom (FTM) is a smart contract platform which is providing decentralized finance (DeFi) services to developers using its own consensus algorithm. Fantom aims to solve common problems associated with smart-contract platforms, for example, transaction speed. Fantom claims to have reduced the transaction speed to under two seconds. Fantom's in-house token, "FTM", forms the backbone of transactions, allows fee collection and staking activities. You can safely and reliably buy and sell FTM on LiteBit.