The announcement of a new builder-centric incentive program gave a huge boost to Fantom’s native token, FTM, propelling its price by roughly 50% since yesterday.
FTM trading started at roughly $0.57 on August 30, according to crypto metrics platform CoinGecko.
However, the token quickly surged to a daily high of $0.88 soon after the Fantom Foundation revealed a new program aimed at supporting decentralized finance (DeFi) developers in its ecosystem.
DeFi is a section of the crypto industry that offers many of the same financial services as banks and brokers. Instead of centralized companies, however, DeFi relies on lines of code to let users lend, borrow, trade, and more.
Announcing a 370 million FTM incentive program for builders!
If you’re a protocol team, we’ll reward you for sustaining and increasing your TVL on Fantom.
Start building today! #buildonfantom https://t.co/AFvAayhsEe
— Fantom Foundation (@FantomFDN) August 30, 2021
Fantom is a blockchain platform based on Dir
Źródło: https://decrypt.co/79828/fantom-token-jumps-launching-315-million-defi-program
