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6 Best Projects Building on Fantom Post Andre – FX Leaders

Fantom is a layer-1 blockchain that addresses Ethereum users’ concerns about high costs and slow performance. Fantom is built on a blockchain that uses a directed acyclic graph, similar to Hedera Hashgraph.

The current Fantom price is $1.22, with a 24-hour trading volume of $394,331,025. Fantom has gained 6.38 percent in the last 24 hours. The current market ranking is #43, with a live market cap of $3,106,730,728. There are currently 2,545,006,273 FTM coins in circulation, with a total supply of 3,175,000,000 FTM coins available.

Let’s look at this project to see if it’s worth your time.

Future of Fantom Explained – Andre Cronje Leaves Fantom

In shocking news, Andre Cronje and Anton Nell have left Fantom as well as the broader crypto space. What’s more troubling is that they haven’t been given an explanation for their departure. DeFi mainstay Andre Cronje even went so far as to delete his Twitter account.

After completing a successful project, it is common for developers to move on to new projects. It is, however, unusual to abandon a network or an entire industrial vertical. Andre Cronje has long been regarded as a DeFi pioneer. In addition to his work on, he has contributed to the development of the Fantom ecosystem, among other projects.

Several front-end services associated with Cronje and Nell will cease to function. On April 3rd, 2022, the team’s approximately twenty applications and services will be deactivated. Among the companies on the list are, Solidly, Keep3r network, Multichain, and Bribe Crv Finance Chainlist. Other significant ventures, such as Abracadabra, which is heavily involved in the DeFi sector, are also impacted. Some of the projects may be able to be completed by new people, but the results may be unsatisfactory. Smart contracts for the affected projects, on the other hand, will remain active. Most Dapps, on the other hand, would necessitate the creation of alternative front-ends.

Fantom’s DeFi ecosystem appears to be losing steam for the time being. The unexpected departure of two of the platform’s most powerful figures will undoubtedly have an impact. Fantom’s TVL, on the other hand, remains one of the market’s largest, which may help it attract more projects. Nonetheless, the DeFi ecosystem as a whole is thriving. Those concerned about Fantom’s future have several options on the market.

Fantom is a decentralized, permissionless smart contract platform that uses DAG technology to help solve the blockchain trilemma. It was designed to address transaction speed issues that plagued previous blockchain platforms that executed smart contracts. Users who conduct extensive research and truly understand the technology will have a better understanding of the difficulties that developers face on a daily basis.

Despite Andre Cronje’s departure, Fantom remains a viable project with excellent technology, innovation, and skill. On the bright side, it’s possible that Andre will make a comeback. He has, after all, left and returned to crypto numerous times. 

Beethoven X (BEETS) 

Beethoven traveled to Vienna at the age of 17 in the hopes of studying with Mozart. When Mozart first heard Beethoven, he reportedly said, “Keep your eyes on him; some day he will give the world something to talk about.”

BEETs borrows Mozart’s words to extol Beethoven X, a new project in the Fantom ecosystem. BEETS is Beethoven X’s governance token. The BEETS token is used for protocol governance and staking to earn trading fees. Beethoven-X is a fork of the Balancer v2 decentralized exchange. It has pools of varying weight (rather than just 50/50 like Uniswap) and multiple currencies.

The project, founded by an experienced, diverse team of financiers, developers, designers, athletes, visionaries, and, yes, musicians, is rapidly growing as a result of innovative DeFi offerings and a dynamic community-focused approach. Who would have guessed that being a “Ludwig” could be so fulfilling?

What exactly is Beethoven X?

Beethoven X is an automated portfolio manager, liquidity provider, and price sensor that enables Fantom token decentralized exchange and automated portfolio management.

At the heart of DeFi on Fantom, we believe we can deliver a technically superior solution.

This is exemplified by our desire to serve all users we believe are relevant, such as:

  • Traders
  • DeFi & FTM Virgins 
  • DeFi degens 
  • Ecosystem partners

Beethoven X enables secure and efficient trading at high speed and low cost. No registration is required to begin trading right away. Instead, crypto traders can connect their wallets, and you’re ready to go.

At the time of writing, Beethoven X was trading at $0.239413 with a 24-hour trading volume of $129,353. CoinMarketCap currently ranks #402 with a live market cap of not available, with no circulating supply and a maximum supply of 250,000,000 BEETS coins.

Tomb Finance (TOMB)

TOMB, Fantom’s first algorithmic stablecoin, costs one FTM. The protocol’s underlying mechanism dynamically adjusts TOMB supply to maintain price parity with FTM. This is because Tomb Finance believes in Fantom’s potential as well as FTM’s future growth.

The project aims to make TOMB the primary medium of exchange on the Fantom network by providing a liquid asset with robust functionality. TOMB could become a must-have token for participants in Fantom’s ever-expanding DeFi ecosystem, with more use cases in the works, including a Fantom project launchpad.

SpookySwap (BOO)

SpookySwap is a Fantom Opera network automated market-making (AMM) decentralized exchange (DEX). Unlike other DEXs, we are investing in establishing a solid foundation with our BOO token serving as a governance token, diverse farms, a built-in bridge, built-in limit orders, and user-centered service.

The Fantom project with the most total value locked is SpookySwap (TVL). People can use Fantom’s lightning-fast exchange rate to exchange one token for another at a very low cost. Farms, staking pools, an asset bridge, and SpookySwap NFTs, on the other hand, elevate this project above the level of a DEX.

The SpookySwap token, BOO, empowers its holders to make governance decisions. It is also used to accumulate stakes and rewards. Because BOO is in short supply, a portion of SpookySwap fees are used to repurchase it so that incentives can be paid. If SpookySwap continues to grow in popularity, BOO could become a valuable asset. 

SpookySwap’s current price is $6.74, with a 24-hour trading volume of $5,059,496. CoinMarketCap currently ranks #447, with a live market cap of $63,258,468. It has a total supply of 13,666,000 BOO coins and a circulating supply of 9,390,930 BOO coins.

Spooky has received the Fantom Foundation’s endorsement and support as of its April 2021 launch.

  • 7 proposals were approved by the community, with BOO serving as the governance token.
  • Alchemix and Alpha Finance Labs participated in an airdrop event.
  • The WOOFY-sponsored farm has been added.
  • Popsicle has…

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