Cryptocurrency Q&A
Is FTM an ERC20 token?
Is FTM an ERC20 token?
BonsaiVitality
Thu May 23 2024
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6 answers
1384
Could you please clarify for me, is FTM considered an ERC20 token? I've heard various opinions on this matter, and I'm trying to get a definitive answer. Given that ERC20 is a widely-adopted standard on the Ethereum blockchain, it's important for me to understand if FTM falls into this category. If it does, then it would imply certain functionalities and compatibilities with other ERC20-compatible wallets and platforms. However, if it's not ERC20-compliant, then its behavior and interactions would likely differ. Could you provide some insight into this? Thank you for your time and assistance.
6 answers
Carolina
Sat May 25 2024
BTCC, a leading UK-based cryptocurrency exchange, offers a comprehensive suite of services that cater to the needs of crypto enthusiasts. Among its offerings are spot trading, futures trading, and a secure wallet solution.
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Carlo
Sat May 25 2024
FTM token represents a crucial element in the cryptocurrency ecosystem. It is a multi-chain asset, enabling seamless transactions across different blockchain networks.
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Luca
Sat May 25 2024
As a multi-chain asset, FTM finds its place on multiple platforms. One of these is the Ethereum network, where it exists as an ERC20 token, compliant with the standard set for tokens on Ethereum.
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Martino
Sat May 25 2024
Additionally, FTM is also compatible with the Binance Chain, known as BEP2. This integration allows FTM token holders to utilize Binance's robust trading infrastructure and enjoy the benefits of its ecosystem.
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BlockchainBaroness
Sat May 25 2024
Furthermore, FTM finds a home on Fantom's mainnet, Opera Chain. Opera Chain's scalability and efficiency make it a suitable platform for FTM to thrive and offer users enhanced functionality.
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