Thread by @BillyBobBaghold

$FTM Tweetsorm 1/

$FTM is my biggest alt bag, so I thought I would my first long form tweet storm in 2.5 years. Given it’s my biggest bag, I’m probably a bit biased, but I’ve tried to be objective as possible.

$FTM Tech 1

$FTM uses DAG tech and an aBFT consensus algo to provide what it hopes to be near infinite scalability with super fast and low cost txs.

$FTM Tech 2

aBFT is arguably the highest standard in consensus algorithms as it has solved the Scalability Trilema as well or better than any algo, that being:
-Decentralization
-Security
-Scalability

$FTM started off focussing on smart cities, but pivoted last year to #defi. The pivot has been successful and has attracted OG defi pioneer @AndreCronjeTech to its core team.

$FTM’s DAG-based Lachesis consensus protocol is EVM-compatible. This EVM compatibility has made it easy for devs to build and port their dapps across to $FTM and also for users to bridge funds.

$FTM’s DAG-based Lachesis consensus protocol is EVM-compatible. This EVM compatibility has made it easy for devs to build and port their dapps across to $FTM and also for users to bridge funds.

Several blue chip $ETH and #BSC projects have taken advantage of this EVM compatibility and have built $FTM dapps, like @CurveFinance @SushiSwap @CreamdotFinance and @beefyfinance

But interestingly, $FTM native projects have sucked up the majority of TVL, some of the largest being @SpookySwap @Screamdotsh and @Spirit_Swap

$FTM TVL is now over $1.2b and is growing day by day.

$FTM is now the 9th largest chain in terms of TVL with over $1.2b locked. It’s MC to TVL ratio is the fourth lowest out of the top 10 (generally speaking the lower the better)

I expect TVL to continue surging as $FTM is gaining more attention and more devs build on it to take advantage the incentive plan @FantomFDN announced last week

Under the incentive program the @FantomFDN will distribute up to 370m to builders who are able to sustain at least 10m of TVL on their platform. That is now worth about $500m, making it the most generous program ever More here:

https://twitter.com/fantomfdn/status/1432381255203631107

After $AVAX and $MATIC released their incentive programs, their TVL and MC skyrocketed multiple Xs in weeks. I expect $FTM’s trajectory to be similar

I also expect $FTM to retain a lot more value that $AVAX and $MATIC did, since its UX is the best of any chain I used and the incentive program rewards sustained growth in TVL, which will bring the best devs and dapps to it

$FTM already has the full suite of defi products and more are being released each week:

Dex: @SpookySwap $BOO, @Spirit_Swap $SPIRIT

Lending: @Screamdotsh $SCREAM, @MensaPro @MENSA

Leveraged LPs: @TarotFinance $TAROT

NFTs: @paint_swap $BRUSH, @Syfinance

Stable vault Money: @robo_vault

Memes: @fantom_doge $RIP, @Zombieinuftm $ZOMBIE

Dex aggregator: @CoinZoo $ZOO

Liquidity farms: @LiquidDriver $LQDR, @TotemFantom $TOTEM

$FTM has a lot still to come in the near future. One of the big releases will be Artion, which will not only include a market place, but also the ability to bridge $ETH ERC 271 NFTs from $ETH to $FTM

With $ETH fees out of control, $FTM and Artion stand to benefit as artists and users see the benefit of txs costing a few cents or less. We shall see if whales only live on $ETH. After all $SOL has already disproven this somewhat, without an NFT bridge.

https://twitter.com/AndreCronjeTech/status/1432986256183599111

In addition to Artion, the $FTM team is sitting on another major announcement, TBA. In addition to this, Artion and the incentive program, a @coinbase listing can't be far off. All of these will be amazing catalysts.

https://twitter.com/FantomKingHodl/status/1434415325714518020

Not all teams could pull this all off, but the $FTM team is first class. Taking over in the role of Michael Kong, a smart contract dev is CEO. Formerly he was the CTO for blockchain incubator Block8 and built one of the first Solidity decompilers

And of course there is DeFi architect @andrecronje, otherwise known as the godfather of defi and needs no introduction
The rest of the team are top class talent from the worlds of finance, cryptography, business development, and software engineering

fantom.foundation/about/

In summary, $FTM’s super fast transactions, burgeoning defi ecosystem, massive incentive program, NFT marketplace, best in class dev team and slick UX should lead to it becoming one of the top crypto platforms

That’s not to say there is no risk - the crypto space is highly competitive and no doubt its competitors have their own plans.

Fundamentally, $FTM is not as decentralised as I would like with only 53 full nodes. This is more than $MATIC, but significantly less than $AVAX or $SOL. As $FTM awareness and popularity grows, hopefully so does the node count.

Hopefully this thread goes some of the way to explaining why I am so bullish on $FTM and its ecosystem. See below for further reading and further below for CT accounts to follow.

And remember, WAGMI.

Further reading

coinbureau.com/review/fantom-…
fantom.foundation
medium.com/coinmonks/fant…

CT accounts with $FTM alpha

@grimy_trades
@ftm_ecologist
@FTMAlerts
@DegenAlpha0
@GamerGenieGG
@Deg3ntrades
@Cryptobro23
@alexandomega
@HazardCyrus
@CryptoFarmAlpha
@HoldermorkCT
@TinFoilRealist