Fantom ICO Review

Fantom

Fantom is the world’s first DAG based Smart Contract platform

Fantom Score



Fantom is trying to solve the scalability issue by employing DAG based protocols. By creating the Lachesis Protocol, Fantom aims to provide instant transactions with near-zeroo transaction costs for the users of the dapps built on top of the Fantom’s OPERA chain, all while maintaining consensus. The Lachesis protocol also provides an open-source permissionless platform that also speeds transactions up to and above 300k TPS.

LINKS

WEBSITE WHITEPAPERS

SOCIAL MEDIA

REVIEW VIDEO

review video

TOKEN SALES

METRICS

Green lights

  • Team looks strong with a good technical background.
  • Strong Advisors – Kim Hyeong Joo, President of Korea Blockchain Association is an advisor.
  • Although no MVP or testnet, 300k TPS is a lot on the paper and it would be a big bonus if Fantom can deliver or demonstrate that they can achieve it before their TGE.
  • Fantom aims to disrupt the supply-chain management industry and we believe fantom can have an impact on the industry- mainly in the Korean market given the connections the team has.
  • Fantom addresses the existing Ethereum’s limitation of not able to track past transactions by using a root has value called as ‘Story Root’. This is a big plus for the supply-chain industry as it helps to track the origin of the goods at any stage of the product.

red flags

  • No detailed whitepaper available.
  • Mainnet in Q3 2019 which is a while away.
  • There is no MVP yet but the team claims there will be a middleware Alpha version launch before the TGE.
  • Fantom claims 300k TPS but there is no testnet or an MVP to prove at least few thousand TPS to the public- **Not on the date of writing**
  • The high hard cap of $39.8M USD sounds a bit on the higher end, although has to be accepted that the high infrastructure projects need a considerable sum of money.
  • Fantom claims less than 0.01 USD as transaction cost- by the time Fantom comes out there may be few projects offering 0 USD as transaction costs.
  • No info available on the lock-ups for the Advisors and Fantom Team tokens.
  • Their pre-sale had an enormous amount of bonus with fewer lockups which we believe is getting reassessed by the team.

Fantom
DETAILED ANALYSIS

ICOs Found

ADVISOR SCORE

High

  • Advisors look strong in Fantom including the President of Korea Blockchain Association.

TEAM SCORE

Medium - High

  • Fantom has a big team and all have relevant experience in their fields.

HYPE SCORE

Unknown

Medium-High

– Growing community on Telegram with 9k members.
– Active on Twitter with regular updates on the project.

TOKEN SCORE

Medium

  • Only 40% available for sale at $39.8M.
  • No info available on the lock-ups for the Advisors and Fantom Team tokens.
  • Their pre-sale had enormous amount of bonus with less lock-ups which we believe is getting reassessed by the team.
  • No clear breakdown on the 30% market development chunk.

TEAM

Ahn Byung Ik

CEO

Joseph Jang

COO

Jake Choi

CMO

Michael Kong

CIO

Seung Mun Lee

CFO

Sung Yun

CBO

CONCLUSION

Fantom will have its own virtual machine called FANTOM Virtual Machine (FVM) to execute the smart contracts. The FANTOM architecture is divided into three layers, bottom layer is called as the OPERA Core layer, the middle layer is called the OPERA Ware layer, the top layer is called the OPERA Application Layer. Application layer provides APIs for interactions, and the OPERA ware layer provides the functionality for payments, issuing rewards, incentives, Story data, and the Core layer maintains the consensus across all nodes using the Lachesis Protocol.

Fantom sounds good to read on a paper now but time has to tell how they can deliver what they claim in their paper. Also, we are inclined to comment that Q3 2019 is a while away and Fantom may have to withstand against fierce competitors who may be around by then.

8.8

ADVISOR

9.7

TEAM

3.4

HYPE

4.6

TOKEN

3g

CATEGORY

All information including our "Grading system" rating, is provided merely for informational purposes. ICO DOG does not provide investment advice (read more).

ICO DOG

NO MORE BS REVIEWS.

ICO Dog is a curated directory of the best crypto news resources.
We’re transforming crypto reviews to it’s best!

ICO DOG

NO MORE BULLSHIT REVIEWS.

ICO Dog is a curated directory of the best crypto news resources.
We’re transforming crypto reviews to it’s best!.

ICO DOG

NO MORE BULLSHIT REVIEWS.

ICO Dog is a curated directory of the best crypto news resources.
We’re transforming crypto reviews to it’s best!.