Fantom is migrating to the Sonic chain with a new native token, S. FTM holders can upgrade to S through the official upgrade portal and add the Sonic network in imToken to manage their tokens.
What Is Fantom and How Can I Use It?
Fantom is a high-performance blockchain developed by Korean computer scientist Ahn Byung Ik based on directed acyclic graph (DAG) technology. Different from blockchains, directed acyclic graph (short: DAG) is a network of individual transactions linked to multiple other transactions creating a tree structure instead of blocks. Fantom uses Lachesis, a revolutionary aBFT consensus mechanism to achieve scalability and increase the transaction settlement speed.
Can I Use DeFi on Fantom’s Opera Network?
Funnily named the ‘Fantom Opera Network’ (do you get the wordplay? 😁) is Fantom’s mainnet, that is 100% compatible with the Ethereum Virtual Machine (EVM), which allows developers to deploy their Ethereum smart contracts and allows you to use Fantom in a wallet like imToken.
This is why you have popular DeFi (decentralized finance) DApps on Fantom such as: SpookySwap, AnySwap, SushiSwap, Cream, Curve, Tomb, Geist, Beefy, Abracadabra, SpiritSwap, Hector DAO, Yearn, Reaper and more.
Compared with Ethereum mainnet, Fantom has lower gas fees and faster transaction settlement.
To Learn More, Dive into Our Further Readings:
How to Use Fantom in imToken
Let's take a look at how to use Fantom with imToken. First download imToken (https://token.im) to create/import a wallet and add a Fantom account.
NOTE: Please check how to download imToken safely before downloading.
If you did not add a Fantom account when creating/importing your wallet, please navigate to "My Profile" -> "Manage wallets" -> "Add", select the “Fantom” network, and confirm. Then, return to the wallet homepage to access your newly created Fantom account. Now you can transfer/receive tokens and try out popular DApps on the Fantom network.
Learn more on our blog: How to use Fantom on imToken?