KuCoin Partners with fantomGO and Enables Support of The Fantom Native Token | by fantomGO | Nov, 2021

We look to bring together advocates, builders and innovators together to grow and foster the overall Fantom ecosystem. One of those is building long standing partners to support our ethos. We are absolutely pleased to announce that we have partnered with KuCoin, a global leading crypto exchange.

As a result of this partnership, KuCoin looks to boost adoption and will now support the Fantom Native Token in the coming weeks.

Fantom Native Token on KuCoin

With ~8m users from ~200 countries and regions and roughly 1 in 4 crypto users worldwide trading and using the KuCoin platform, the magnitude of access and adoption this will bring to the Fantom ecosystem is in orders of magnitude. At the time of writing, KuCoin, the third largest exchange on Coinmarketcap, currently has handled an accumulated transaction value of ~$567bn and 844m individual trades.

With ~$5.8bn in daily traded volume, and some world class institutional backers, we are proud to be a driving force to enable Fantom adoption.

About The Fantom Native Token

FTM is the primary token on the Fantom network. FTM is used for securing the network through staking, for governance, for payments, and for fees.

Securing The Network — The main utility of the FTM token on Fantom is to secure the network via a Proof-of-Stake system. To participate, validator nodes need to hold a minimum of 3,175,000 FTM, and stakers need to lock up their FTM. In return for the service, both the nodes and the stakers are rewarded with epoch rewards and fees.

On-Chain Governance — FTM is needed for on-chain governance. Because Fantom is a fully permissionless and leaderless decentralized ecosystem, any decision regarding the network is carried out by on-chain governance. With governance, stakers can propose and vote for changes and improvements. FTM is the governance token required to participate in the voting process.

Payments — The FTM token is ideal for sending and receiving payments thanks to the Fantom network’s high-throughput, fast finality, and low fees. On Fantom, money transfers take around 1 second and cost about $0.0000001.

Network Fees — FTM is used for network fees, such as transaction fees and fees to deploy smart contracts or to create new networks. Without a minimum barrier, the network would be an easy target for spam, ultimately hampering the performance and filling the ledger with useless information. On Fantom, fees are very cheap but sufficient to make it extremely expensive for a malicious actor to carry out an attack.

About fantomGO

fantomGO is an ecosystem builder that enables the next generation of decentralized projects on Fantom. The platform helps innovators build, launch, and scale their ideas building tomorrow, today.

About KuCoin

Launched in September 2017, KuCoin is a global cryptocurrency exchange for over 500 digital assets. It currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 8 million users in 207 countries and regions around the world. In 2018, KuCoin secured $20 million in Round A funding from IDG Capital and Matrix Partners. According to CoinMarketCap, KuCoin is currently the third biggest crypto exchange. In 2021, Forbes named KuCoin as one of the Best Crypto Exchanges for 2021.

To find out more, visit https://www.kucoin.com

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Disclosure: The information described in this paper is preliminary and subject to change at any time. Furthermore, this paper may contain “forward-looking statements.” Forward Looking Statements

This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking statements are based on certain expectations and assumptions and are subject to known and unknown risks and uncertainties and other factors that could cause actual events, results, performance and achievements to differ materially from those anticipated in these forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements as a result of new information or future events, or for any other reason.