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About Fantom
FTM is the native utility and governance token of Fantom, a high-performance directed acyclic graph (DAG) based smart contract platform. It powers the network's Lachesis consensus mechanism and is used for staking, governance, and network fees. Fantom has recently undergone a significant transition and rebranding to Sonic, with FTM tokens becoming upgradable to the new Sonic (S) token. This evolution aims to provide a faster settlement layer for digital assets with high throughput and near-instant transaction confirmation while maintaining Ethereum compatibility.
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