Buying your Fantom on Beaxy
Fantom is the native token of the Fantom Foundation’s technology. Dubbed the Korean EOS, Fantom’s technology is the world’s first Directed Acyclic Graph (DAG) based smart contract platform designed to solve some of the key problems with scaling distributed ledger technologies. Using their OPERA software, Fantom claims it is able to handle up to 30,000 transactions per second.
Partnered with POSBANK, the leading POS provider in Korea, Fantom aims to introduce smart contract payments at 5,000 restaurants in Korea. Fantom CEO Dr. Ahn Byung Ik is widely renowned in Korea as the President of the Korea FoodTech Association, an organization of over 90 food tech companies. With partners such as the multi-billion dollar Danish company, Danfoss, and Ethereum Classic Labs, Fantom’s technology looks to disrupt the existing payments industry.