FTM Risk

FANTOM (FTM)
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DESCRIPTION

Fantom (FTM) is a blockchain platform designed to provide fast, secure, and scalable solutions for decentralized applications (dApps) and smart contracts. Launched in 2018, Fantom aims to address the limitations of traditional blockchain networks by implementing an innovative consensus mechanism known as the Lachesis Protocol. This protocol enables high transaction throughput and low latency, making it suitable for a wide range of applications, including finance, supply chain, and data management.

Fantom utilizes a multi-layer architecture to achieve its scalability and performance goals. The Opera Chain serves as the main layer, where transactions are validated and executed, while the Foundation Layer ensures the security and decentralization of the network. FTM is the native cryptocurrency of the Fantom platform, used for various purposes such as transaction fees, staking, and participating in the governance of the network through voting.

Fantom (FTM) : https://whitepaper.io/coin/fantom
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RISKS OF FTM

Any investment in cryptocurrency and digital assets, such as FTM, can include the following general risks:(i) volatility risk and liquidity risk(ii) short history risk(iii) demand risk(iv) forking risk(v) code defect risk(vi) regulatory risk(vii) electronic trading risk(viii) cyber security risk

For additional information of risks associated with cryptocurrency and digital assets, you may refer to the Satstreet Inc Services Risk Statement. In terms of specific risks, as FTM is one of the longest-standing crypto assets and its community base is widely decentralized, there is no central working group or authority to disclose material information to the public regarding FTM. Please note that these risks and the associated summaries or overviews provided for each herein are not intended to be a complete overview of all such risks and, in addition, there may be other risks that come with exposure to FTM. We encourage all users to perform their own due diligence to assess the risks associated with FTM and to determine whether this level of risk is acceptable to them. Neither FTM nor Satstreet guarantees the value of FTM, and holders of FTM will not have any recourse to FTM or Satstreet if the value of FTM declines for any reason whatsoever.

SATSTREET EVALUATION OF FTM

Satstreet Inc. has reviewed and assessed FTM prior to making it available through our services and has concluded that FTM is not a security or derivative under Canadian securities legislation; however, there is a risk that this conclusion could change in the future and that, in such event, Satstreet will be required to halt, suspend, and then remove FTM from its platform as described in the Satstreet Inc. Services Risk Statement.

Further, as indicated above, no Canadian securities regulatory authority has expressed an opinion about FTM, including an opinion that FTM is not itself a security and/or derivative. Based on publicly available information Satstreet has reviewed FTM, including, but not limited to, a review of the following: The creation, governance, usage, and design of FTM, including the source code, security, and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that created FTM. The supply, demand, maturity, utility, and liquidity of FTM. Material technical risks associated with FTM, including any code defects, security breaches and other threats concerning FTM and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them. Legal and regulatory risks associated with FTM, including (i) any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of FTM, and (ii) statements made by any securities regulatory authorities in Canada, other regulators in IOSCO-member jurisdictions, or the regulator with the most significant connection to FTM about whether FTM, or generally about whether the type of crypto asset, is a security and/or derivative.

Last Updated: June 2023

Risk Statements

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