Fantom joins BEPSwap as Launch Partner

2019-07-16 — 4 min read

BEPSwap

BEPSwap is the first go-to market platform for the THORChain protocol that allows any BNB or BEP2 holder to swap BEP2 tokens at market prices — instantly from their wallet. Swaps are performed over a single pool, or over two pools to connect each asset with each other.

Token holders can also stake their assets in these pools to earn commissions on every trade. This enables asset holders to earn a passive return by simply providing liquidity to the market.

Fantom

Fantom is known as the “nervous system for smart cities”. Fantom is a DAG-based distributed ledger incorporating new methods of scalability, combined with a high-performance virtual machine and safe, secure smart contract execution.

FANTOM DAG platform is uniquely positioned to become the IT infrastructure backbone for smart cities. With the ability to collect large quantity high speed data transmission with scalable solutions across multiple smart city service providers. By 2020 it is estimated that smart cities will have 90 Billion IoT devices sending data that needs to be stored securely whilst also being accessible to stakeholders for smart city data-driven smart contracts and Dapplication

The $FTM token is the token of the protocol, aligning incentives for users, allowing them to share in the value of the ecosystem as a whole. Users and IoT devices pay $FTM to user the network’s computing resources, and validators who process the DAG Ledger are paid $FTM for security and compute power.

Fantom joined Binance Chain as a BEP2 asset and listed on Binance DEX earlier this year. They are also listed on Binance’s main exchange.

FTM on BEPSwap

Fantom Protocol requires that the $FTM token is deeply liquid and easily transferrable between users. By joining BEPSwap, $FTM token holders will be able to stake in liquidity pools and provide this liquidity to the network — at the same time as earning on fees. Users on Fantom Ledger will then be able to pay in any currency, converting it via the $FTM pool instantly with low fees.

Additionally — FTM will become a BASE PAIR — allowing token holders to choose to use FTM on the platform to swap into/out from any other asset.

Additional benefits include:

THORChain will acquire off the market FTM tokens between now and the launch in order to bootstrap the FTM pool.
THORChain and Fantom will work together to promote the ecosystem.
Fantom will be able to stake some parts of their treasury into the pool to offer even more liquidity to token holders.
FTM token holders will be able to stake FTM tokens in order to earn on trade commissions every day.

Fantom is incredibly excited to be a part of the BEPSwap platform launch, we believe that Thorchain’s BEPswap is an extremely interesting initiative that can lower the entry of barrier into the ecosystem.”

Michael Kong, Fantom CIO

BEPSwap is scheduled for public beta in 6–8 weeks. Prior to that, the RUNE token will be listed on Binance DEX to establish a market price with wide distribution.

FTM Update

FTM has had a very productive two weeks, including being listed on a multitude of top tier exchanges, started deploying a part of the Korean strategy, publishing multiple technical articles such as the ‘Behind the Scenes with Sfxdx’ series, and have been growing their identity as a consensus-as-a-service platform.