FTG meaning in Cryptocurrency ?
Answer:
fantomGO is a community-driven ecosystem builder designed to accelerate the Fantom ecosystem. Through building a suite of products and initiatives, fantomGO aims to help innovators build, launch and scale their ideas today.
The first product is a decentralized fundraising platform (launchpad) that allows the core community to participate and support early-stage projects building on fantom, giving projects an effective way to kick start activity from engaged network participants.
fantomGO: Accelerating the Fantom Ecosystem
https://medium.com/@fantomgo/fantomgo-accelerating-the-fantom-ecosystem-4fce38de02ce
fantomGO & Crypto Banter’s AMA Recap: Learn about the team focused on building the future of Fantom’s ecosystem
Introducing Our Participate To Earn Program: Details of How To Access fantomGO Tokens
fantomGO & CryptoDaku AMA Recap: A Deeper Look Into fantomGO
https://medium.com/@fantomgo/fantomgo-cryptoduku-ama-recap-a-deeper-look-into-fantomgo-304656ef6e96
Introduction to Participate-To-Earn (PTE) Model
https://medium.com/@fantomgo/introduction-to-participate-to-earn-pte-model-f79a7b2b5eac
Introducing The Founders Behind fantomGO
https://medium.com/@fantomgo/introducing-the-founders-behind-fantomgo-f0c67bc81f5e
An Insight Into fantomGO: A Community Focused Product
https://medium.com/@fantomgo/an-insight-into-fantomgo-a-community-focused-product-7b213422ec92
Unveiling The Tokenomics
https://medium.com/@fantomgo/unveiling-the-tokenomics-bbb0d31e3da3
fantomGO is building a suite of products and initiatives and aims to act as a springboard for Fantom. To get more of an insight, you can read more about the project here. Introduction
The first product amongst the fantomGO suite of products, will be the fantomGO Platform, a decentralized fundraising platform which aims to align a community of users and connect them with projects that will move the overall Fantom ecosystem forward. With that in mind, a community first product, the tokenomics have been designed to reflect that.
Token Supply fantomGO has a total token supply of 1B FTG, with a distribution as follows: Total Supply: 1B Foundation: 50M Liquidity Provisioning: 30M Advisors and Partners: 50M Development: 100M Team: 120M Ecosystem and Participate-To-Earn Program: 250M Sale In Aggregate: 400M
Vesting Period The rate at which tokens are released can impact the market. The distribution of FTG was designed to best align distributions with milestones that can create functional demand for FTG.
Foundation: 6-month cliff, then a daily release for 24-months
Team: 6-month cliff, then a daily release for 24-months
Advisors and Partners: 6-month cliff, then a daily release for 12-months
Development: 3-month cliff, then a daily release for 15-months
Ecosystem and Participate-To-Earn Programs: 1-week cliff, then a daily release for 12-months Liquidity: 100% locked for 12-months
Seed Investors: 160M FTG sold at $0.003 with a vesting of 7.5% initial release, 2-month cliff, then daily release for 12-months
Private Investors: 240M FTG sold at $0.0055 with a vesting of 10.0% initial release, 2-month cliff, then daily release for 12-months
The largest distribution of tokens that will hit the market, will be the community driven incentives announced over time. The vesting will ensure there is an alignment of participants with the long-term nature of the project, whilst ensuring it’s engaging to benefit the community.
Additional Numbers Initial Market Capitalization: $198K Listing Price: $0.0055
We will be working on migrating projects over to FTM, we believe FTM is going to outpace other cryptocurrencies. As when we wrote our litepaper fantom’sTVL went from 300M to about 6 billion, so we must be on the right track.
It was Lachesis Fantom’s aBFT consensus algorithm that attracted us to FTM. Compared to Classical and Nakamoto consensus, Lachesis is a faster, more scalable, and more secure choice.
Developers can use Lachesis to build peer-to-peer applications without having to create their own networking layer.
The Problem: An investor buys the launchpad token, then gains access to the project's token in the form of allocations, and the exchange ends (just like your traditional standalone framework in most launchpads). This doesn't translate well into the crypto space during the bear market. They can’t sustain themselves. Eventually, holders leave the platform or sell all the platform tokens to cut a loss.
Solution: fantomGO is an innovative and forward-looking community-driven multi-product suite that is built on Fantom and the model: participate-to-earn where the community is designed to provide sustainable growth by doing meaningful tasks based on the skill sets of various developers, designers, and crypto enthusiasts.
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