1. PixelPlaygroundHome
  2. Metaverse Insights

Fantom Foundation Transfers 10 Million FTMs to Coin An

• Metaverse Insights • 111 views

It is reported that encrypted Twitter KOL@Bit Rem tweeted that the Fantom Foundation transferred 10 million FTMs of the Fantom chain (worth about $3.66 million…

Fantom Foundation Transfers 10 Million FTMs to Coin An

It is reported that encrypted Twitter KOL@Bit Rem tweeted that the Fantom Foundation transferred 10 million FTMs of the Fantom chain (worth about $3.66 million) to Coin An an hour ago, and then proposed 6 million FTMs of the Ethereum chain (worth about $2.2 million) from Coin An.

After Fantom Foundation transferred 10 million FTMs into Coin An, it raised 6 million FTMs from Coin An

Analysis based on this information:


Recently, Twitter KOL@Bit Rem disclosed that the Fantom Foundation has successfully transferred 10 million FTMs of the Fantom chain to Coin An. Reports suggest that the value of this transfer is estimated at $3.66 million. The move has sparked curiosity among investors and cryptocurrency enthusiasts.

The Fantom Foundation is a blockchain platform that aims to revolutionize the world of finance. They intend to do this by providing a fast and secure platform for payments, contracts, and data exchange. The transfer of 10 million FTM tokens to Coin An marks a significant step forward in their mission.

Coin An has been a popular exchange platform over the last few years. They specialize in cryptocurrency trading and offer a range of services to their clients. These services include margin trading, lending, and asset management. Being one of the largest exchange platforms globally, their collaboration with Fantom Foundation is a significant milestone.

Interestingly, the tweet by @Bit Rem also discloses that the transfer of FTMs from the Fantom chain was followed by a proposal to transfer 6 million FTMs of the Ethereum chain from Coin An. The value of the Ethereum chain transfer is estimated at around $2.2 million.

The transfer of FTMs from the Fantom chain to Coin An could lead to several developments. Firstly, this transfer could help increase the value of FTM tokens in the market, given the market sentiment surrounding Coin An. Secondly, this move may increase the visibility and credibility of the Fantom Foundation in the cryptocurrency world.

Moreover, the transfer of FTMs from the Ethereum chain could pave the way for partnerships between the two chains, resulting in the expansion and adoption of both blockchains. It remains to be seen if Coin An accepts the offer proposed by the Fantom Foundation.

In conclusion, the transfer of 10 million FTMs from the Fantom chain to Coin An is a significant development for the Fantom Foundation. It could potentially lead to further collaborations and partnerships in the future. The offer of FTMs from the Ethereum chain is also an exciting development, and it will be interesting to see how it is accepted.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/8854/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/09/2023 02:57
Next 03/09/2023 03:13

Recommended articles