{"id":332514,"date":"2021-08-31T00:35:00","date_gmt":"2021-08-30T21:35:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/fantom-price-gains-100-after-launching-a-370m-ftm-incentive-program\/"},"modified":"2021-08-31T00:35:00","modified_gmt":"2021-08-30T21:35:00","slug":"fantom-price-gains-100-after-launching-a-370m-ftm-incentive-program","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/fantom-price-gains-100-after-launching-a-370m-ftm-incentive-program\/","title":{"rendered":"# Fantom price gains 100% after launching a 370M FTM incentive program"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2624c52986d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2624c52986d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/fantom-price-gains-100-after-launching-a-370m-ftm-incentive-program\/#Fantom_launches_a_liquidity_incentive_program\" >Fantom launches a liquidity incentive program<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/fantom-price-gains-100-after-launching-a-370m-ftm-incentive-program\/#Social_media_engagements_surge_in_August\" >Social media engagements surge in August<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/fantom-price-gains-100-after-launching-a-370m-ftm-incentive-program\/#Significant_gains_in_DeFi\" >Significant gains in DeFi<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Fantom price gains 100% after launching a 370M FTM incentive program <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>The Ethereum (ETH) network continues to enjoy the status of being the top smart contract platform in the blockchain industry, but the competition is slowly gaining market share because high costs and network congestion are still challenges for the protocol.\u00a0<\/p>\n<p>One project that has been gaining traction in the month of August is Fantom (FTM), a layer-one smart contract platform that utilizes a directed acyclic graph architecture as a means to solving the problems of slow transaction speeds and high transaction fees.<\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/FTMUSDT\/\">TradingView<\/a> shows that since hitting a low of $0.15 on July 20, the price of FTM has rocketed 500% to an intraday high at $0.90 on Aug. 30 as its 24-hour trading volume exploded by 1,250% to a record $1.26 billion. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-08\/ba6f6f7a-8428-4af2-8735-869e8a662ee2.png\"><figcaption style=\"text-align: center;\"><em>FTM\/USDT 4-hour chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/FTMUSDT\/\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>Three reasons for the surging momentum in Fantom include the launch of a 370 million FTM incentive program, a significant increase in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> engagement and the continued increase in the amount of value locked on the protocol. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Fantom_launches_a_liquidity_incentive_program\"><\/span>Fantom launches a liquidity incentive program<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The biggest momentum boost for Fantom came on Aug. 30 with the announcement of a 370 million FTM incentive program ($320 million), designed to attract new protocols and liquidity to the Fantom ecosystem. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Announcing a 370 million FTM incentive program for builders!<\/p>\n<p>If you&#8217;re a protocol team, we&#8217;ll reward you for sustaining and increasing your TVL on Fantom. <\/p>\n<p>Start building today! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/buildonfantom?src=hash&amp;ref_src=twsrc%5Etfw\">#buildonfantom<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/AFvAayhsEe\">https:\/\/t.co\/AFvAayhsEe<\/a><\/p>\n<p>\u2014 Fantom Foundation (@FantomFDN) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/FantomFDN\/status\/1432331293283454981?ref_src=twsrc%5Etfw\">August 30, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Under the program, developers who launch on the Fantom network will be able to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ly for rewards from the Fantom Foundation and will receive between 1 million to 5 million FTM depending on the total value locked (TVL) in the protocol in question. <\/p>\n<p>In order to qualify for rewards, a protocol must maintain a TVL above a time-weighted average (TWA) of $5,000,000 or $100,000,000 for an extended period of time. If at any point the TWA falls below the $5,000,000 minimum, threward distribution will be paused until the TVL once again reaches the required minimum. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Social_media_engagements_surge_in_August\"><\/span>Social media engagements surge in August<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The building momentum for Fantom was registered by social media metrics from Lunar Crush throughout the month of August. The platform showed a 34% increase in social media mentions when compared to the month of July and social media engagements also shot up by nearly 96%. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Fantom&#8217;s 1-Month activity:<\/p>\n<p>Price $0.50331312 +98.04%<br \/>67,305 social mentions +34.08%<br \/>95,793,815 social engagements +95.86%<br \/>1,660 average daily social contributors +22.24%<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/UNc78mnwoG\">https:\/\/t.co\/UNc78mnwoG<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ftm&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ftm<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/fantom?src=hash&amp;ref_src=twsrc%5Etfw\">#fantom<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Us6Lz8Mw1A\">pic.twitter.com\/Us6Lz8Mw1A<\/a><\/p>\n<p>\u2014 LunarCRUSH  Social Listening for Crypto (@LunarCRUSH) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LunarCRUSH\/status\/1431614162040463361?ref_src=twsrc%5Etfw\">August 28, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On-chain <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/theotherpomp\/status\/1431620409267478533\">data<\/a> for the network also shows a steadily increasing rate of engagement because the network now has 415,000 unique addresses that conduct more than 300,000 transactions per day.<\/p>\n<p>These numbers could significantly increase in the weeks and months ahead thanks to the release of the FTM incentive program, which has already lead to a new record high in the number of transactions on the Fantom bridge. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-08\/dff2dcb4-f06e-4d58-9143-68ef97ec4e41.jpg\"><figcaption style=\"text-align: center;\"><em>Fantom bridge transaction count. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/uniwhalesio\/status\/1432383317630980101\"><em>Twitter<\/em><\/a><\/figcaption><\/figure>\n<p><strong><em>Related: <\/em><\/strong><strong><em>This service is declaring that it&#8217;s \u201ccrypto altseason\u201d again<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Significant_gains_in_DeFi\"><\/span>Significant gains in DeFi <span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The third reason for Fantom\u2019s explosive growth is the increasing TVL of its DeFi ecosystem which is led by SpookySwap exchange ($192 million TVL). <\/p>\n<p>According to data from DeFi Llama, the total value locked on the Fantom blockchain has now surpassed $657 million with a 19.52% increase coming over the last 24-hours. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-08\/b5259386-c795-4540-be95-6ca63d031874.png\"><figcaption style=\"text-align: center;\"><em>Total value locked on Fantom. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/Fantom\"><em>DeFi Llama<\/em><\/a><\/figcaption><\/figure>\n<p>As seen in the chart above, the launch of the Fantom Incentive Program helped spark a significant rally in the TVL on Fantom, but the network was already seeing impressive gains in the metric even before the launch of the program. <\/p>\n<p>Between Aug. 4 and Aug. 23, Fantom&#8217;s TVL increased from $269 million to a high of $510 million without any special incentives. This proves that interest in interacting with the platform has been on the rise for multiple weeks. <\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for FTM on Aug. 29, prior to the recent price rise.\u00a0<\/p>\n<p>The VORTECS\u2122 Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-08\/62a76080-0ae7-45b5-8468-8a03d9a14326.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. FTM price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score climbed into the green zone on Aug. 28 and reached a high of 70 on Aug. 29, around four hours before the price increased 80% over the next day.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/fantom-price-gains-100-after-launching-a-370m-ftm-incentive-program\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Fantom price gains 100% after launching a 370M FTM incentive program &#8221; The Ethereum (ETH) network continues to enjoy the status of being the top smart contract platform in the blockchain industry, but the competition is slowly gaining market share because high costs and network congestion are still challenges for the protocol.\u00a0 One project&#8230;<\/p>\n","protected":false},"author":1,"featured_media":332515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvMzNiYzdiNzgtY2Y2Ny00Njk4LWIyZWEtNTYxYmFlNGRlYTlmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74863,74868,74891,105688,75434,80225,73785],"class_list":["post-332514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-cryptocurrencies","tag-defi","tag-ethereum","tag-markets-pro","tag-smart-contracts","tag-value","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/332514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=332514"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/332514\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/332515"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=332514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=332514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=332514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}