Small Cap Fantom (FTM) Becomes the Latest Project to Join Binance Chain


Fantom (FTM), a Directed Acyclic Graph (DAG) based smart contract platform that aims to solve the scalability issues of distributed ledger technologies, has become the latest project to announce its intentions to join the Binance Chain ecosystem.

According to the announcement, Fantom and Binance will be working together to improve the interoperability of the Binance Chain blockchain. By leveraging a cross-chain ecosystem, Fantom plans to support a number of token standards, including ERC-20 and Binance’s BEP-2.

Fantom has also submitted its request for a listing on the Binance DEX, which is largely determined by community voting.

“In March and April, our main focus was on improving transparency, credited to Binance Info for granting us a V-label project in their push towards a new industry-wide standard for transparency,” stated the Fantom team in the announcement. “In May and June, we will be focused on the interoperability aspect of our ecosystem, starting with our DCRM partnership with Fusion, and our partnership with Binance Chain.”

Fantom has been on a tear over the past week and is now up more than 70% over the period to $0.018342, giving the altcoin a $33.3 million market cap.

FTM is currently listed on several smaller exchanges including KuCoin, Bibox and Bitmax.

More: Binance Chain and Fantom collaborate to create a multi-asset cross chain ecosystem.

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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