Fantom

The primary token of the Fantom network is FTM, which is used to secure the network through staking, for governance, for payments, and for fees. On Fantom, money transfers take place in around 1 second and cost about $0.0000001. The FTM token is also necessary for on-chain governance, as it is required in order to participate in the voting process. Additionally, FTM is used for network fees, such as transaction fees and fees for deploying smart contracts or creating new networks.

Following the transition to Sonic, the S token (S) will serve similar roles within the Sonic network, including transaction fees, staking, validator operation, and governance participation. Additionally, the S token will facilitate cross-chain interactions with Ethereum, further expanding the network’s interoperability.