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Ratings FANTOM

Beyond Blockchain

FANTOM is the world’s first DAG based smart contract platform that solves the issue of scalability and confirmation time of the existing blockchain technology.

4.0
5 4 expert ratings
Benchy 3.2
KYC
Experts
4.9
4.9
4.4
Review: coming soon PRO
~$39,400,000
value of tokens sold in ICO
Ended
Token
FTM
Type
Price in preICO
1 FTM = 0.03 USD
Price in ICO
0.0400 USD
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
Afghanistan, Australia, Bosnia and Herzegovina, Central African Republic, China, Democratic People’s Republic of Korea (North Korea), Democratic Republic of the Congo, Eritrea, Ethiopia, Guinea-Bissau, Iran, Iraq, Japan, Korea, Lebanon, Libya, Myanmar, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tunisia, United States, Vanuatu, Yemen, Zimbabwe.
ICO start
15th Jun 2018
ICO end
16th Jun 2018
Visit ICO website
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Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Ong Jun Hao
Founder Of BlockConnectors.io (Top Blockchain Advisory Firm In Asia) | Consulted 20+ ICOs | Marketing Expert
Rated on Jun 26, 2018
Modified on Mar 6, 2019
5
5
5
22%

FANTOM (Ticker: FTM) is going to develop the first DAG based smart contract ecosystem in the world which will fix the issue of scalability and confirmation time of the existing blockchain solutions.

I think the project is good. A lot of hype with quite significant funds investment as well.

The team is very strong, with a good tech team behind the platform/project.

All in all, good investment.

+3Agree
+1
-2Disagree
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Scott Brown
Senior Technology Executive, ICO Advisor, CryptoCurrency Enthusiast, Investor
Rated on Jun 8, 2018
Modified on Jun 8, 2018
5
5
4
14%

Team:
- Very seasoned executive Management team with multiple C-Level positions

- CFO present to manage funds ++

Facets to explore:
- Not all team members appear to be dedicated to the project, or at least updated in LinkedIn


Product / Vision:
- Exciting infrastructure project in DAG (TPS play) + SmartContracts
- **note using LCA - (Lachesis Consensus Algorithm) which is BFT (Byzantine Fault Tolerant) similar to Hashgraph

- Interesting angle on tackling introducing historical data (they call it “Story Data”) into the Blockchain which is important contextually for preexisting state of particular market verticals.

- Interesting efficiencies in combining Scala (normally to output Java Bytecode), with a register based -turing complete VM (as compared to stack based VM in Ethereum)..

Facets to explore:
- $40MM raise is outside of the hot zone. Would like to see a restructuring of the token allotments to a multiple phased based raise vehicle mapped to milestones in the $10-$15MM range individually.

** Conflicting info here on the Fantom Medium site, it says a $2MM hardcap.. WOW!
https://medium.com/fantomfoundation/fantom-crowdsale-faq-f707a5f4cd23




*** Notes:
A funny note.. Fantom; Opera; Story.. Made me laugh.

Serious Note: The White paper is an EXCELLENT and EXCEPTIONALLY clear read on DAG and Lachesis. Thanks for that!!

Notice: I do not provide investment advice. Please see my profile for important disclosures.

+3Agree
+3
Disagree
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Suraj Tiwari
ICO ADVISOR CONSULTING EXCHANGES Listing SMART CONTRACT TOKEN CODE
Rated on Jun 17, 2018
5
5
4
11%

Team : Team looks solid with in depth experience.

Vision : Liked whitepaper that was clear with Roadmap.

Product : No prototype. But will believe in partners like oracle and am sure they will be able to deliver.

Agree
0
Disagree
Report
Quang Vu Nguyen
Serial Entrepreneur | Inventor | ICO advisor | ASEAN Market | Exchange
Rated on Jul 5, 2018
4
4
4
4%

Fantom ICO Overview
The Fantom ICO offers a DAG-based blockchain protocol for instant transactions and infinite scalability at near zero cost. The Fantom team has set a throughput target at 300k transactions per second (TPS).

As a high-performance blockchain, their goal is to be among the first platforms to disrupt the existing payments and supply-chain management industries. With a value proposition that focuses on reducing costs, increasing transparency and executing hundreds of thousands of transactions per second, Fantom envision future use cases for their product in a multitude of sectors including food technology, telecom, banking, electricity and real estate.

Fantom ICO Value Proposition
The actual architecture of Fantom is divided into three layers.

The bottom is called the OPERA Core Layer and is responsible for creating events and maintaining consensus across all nodes via the Lachesis Protocol. Transactions are confirmed by leveraging a Directed Acyclic Graph (DAG), allowing nodes to process transactions asynchronously.

Similar to a blockchain, transactions are saved on each node in the network, though data is not required to be saved across all nodes. In order to validate transactions, a second type of node is employed, called the witness node. Witness nodes check validity across all nodes on the network. These nodes rely on Delegated Proof of Stake to elect validators.

Agree
0
Disagree
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Benchy
ICO analyzer bot
3.2
49%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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