Leveraging The Ethereum Network To Grow Fantom’s Ecosystem | by fantomGO | Nov, 2021
We deliberated internally on the most effective way to introduce the FTG token. After much consideration, FTG was minted on the Ethereum network. Many factors did contribute to this decision, all of which we believe are going to foster the growth of not just the FTG token — but the entire Fantom ecosystem as a whole. Once fantomGO is fully live on the main net, all fantomGO launches will be on Opera.
By conducting our TGE and distribution as an ERC20 token, we were able to attract the robust resources and community that are present on Ethereum and funnel them to the Fantom ecosystem. This cycle will naturally bring more developers, contributors, and overall community members to Fantom and help nurture our ultimate goal as fantomGO — building out the Fantom ecosystem.
We are very excited to see the ongoing support and growth of new projects being launched on the ETH network, especially with some exciting new changes following the Altair upgrade
Conclusion
To summarize, based on the recent network changes, the rewards our project will receive will be immediately seen. New users to ETH will have a much easier time navigating to work with and find $FTG.
As fantomGO launches their ecosystem projects, funds for each project will be collected on the largest network in terms of community- Ethereum.
Afterwards, each project’s token will be issued to its contributors on Fantom Opera. In result, this will funnel Ethereum users and resources over to Fantom — growing the Fantom ecosystem as a result.
As a reminder fantomGO has a Participate To Earn and continued development of a gamification based rewards system that encourages everyone to be a part of a rewarding community on a long-term basis.
fantomGO has announced large allocations of points to developers in our competitions as we want to encourage developer growth in this vast growing metaverse.
So we welcome you to the Participate-to-Earn (PTE) model and look forward to you creating a reliable and long-term store of value by holding $FTG while we work within the ETH network to start.
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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.
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