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/biz/ - Business & Finance

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58174154 No.58174154 [Reply] [Original]

I don’t understand wtf is happening and what we’re expected to do.

Fantom is launching a new chain and its the best chain ever created by orders of magnitude, all the huge VC’s and angel investors are already partnered and deploying day 1, it’s going to #3 marketcap, I get all of that.

But how the fuck do I profit from this on FANTOM? They won’t even describe the migration process, what the gas token is, nothing.

theyre just like “u silly retard. look at what’s coming”
I SEE WHAT’S COMING.
BUT WHAT DO I DO WITH THESE FANTOM COIN IN THE TIME BEING? FUCK.
DO I BUY FTM SPOT? IS IT 1:1? IS IT A NEW CONTRACT? WILL ALL THE PROJECTS GET VAMP
ATTACKED BY VC’S AT LAUNCH? IS FANTOM BEING SUNSETTED?? WHAT THE FUCK DO I DO

>> No.58174255
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58174255

Wtf are you smoking? It's literally just upgrades to the current chain. Your FTM will be FTM.

>> No.58174285

>>58174255
no its not man its a whole new thing. its like an L1 and an L2 + eth sequencer. it’s like the infra for all new L2’s here on out. and its its own standalone chain. read michael kongs new article.

AC is saying the gas token will be ftm
but the marketing guy is saying “it will be 1:1 interchangeable, no matter what its called”

>> No.58174322

>>58174154
The token isn't going anywhere. it's just an upgrade to the EVM? Or are they going to be running multiple chains like Avax?

>> No.58174348
File: 370 KB, 1170x2532, IMG_9380.png [View same] [iqdb] [saucenao] [google]
58174348

>>58174322

its a whole new technology

>> No.58174407

>>58174348
It's like Ethereum Dencun for their L1 and L2, an upgrade. Sonic is the name of the Fantom upgrade. How many different ways do we tell you this?

>> No.58174413

>>58174348
https://fantom.foundation/sonicPage
>Fantom Sonic is the name that covers the new Fantom technology stack. Essentially, it is the next iteration of the Fantom network, with no hard fork required for the upgrade. Existing smart contracts, services, and tools on Fantom Opera should be fully compatible with mainnet Fantom Sonic.

>> No.58174436

google "Fantom Sonic L2 upgrade" to read up on it, this isn't that difficult to grasp dude

>> No.58174503

>>58174413
>>58174407

youre rattling off old news. as of 2 days ago they are launching a whole new chain!!

>> No.58174816

>>58174154
Nigger Andre himself said FTM will be the gas token stop trying to fud like a little spastic cunt

>> No.58176085

Just sold. I cant risk it given all this uncertainty

>> No.58176462

>>58174154
how is it 2024 and some of you still need your hand held for this shit

buy fantom, buy the memes like sgoat, bbgoat, bomb, thc, buy the good swap coins like equalizer or boo, buy the good projects like tarot and keep an eye on what theyre building. its not that hard

>> No.58177335

This whole thread is hilarious

>> No.58177403

What's there not to understand lol. When bullish news= people panic and cry. Just buy more and hold. This will launch off as one of the biggest coins

>> No.58177424

>>58177335
bUt D00d this Is aN eTiRe NeW chAin!! WtFF

>> No.58177440

>>58177403
>when bullish news, buy
Don't you get tired of losing money? The only time to buy is deep in a bear market. Even then I wouldn't buy a dead coin like FTM.

>> No.58177449
File: 41 KB, 641x530, 1515039173754.jpg [View same] [iqdb] [saucenao] [google]
58177449

>2024
>fantom

>> No.58177476

Every fucking time Michael Honk the CEO of FTM makes a fucking post the price goes down FOR FUCXK SAKE

>> No.58177491

they should find another spokesperson for fantom desu

>> No.58177518

>>58174154
If that is the hype you will get dumped on by VC. Look at APTOS and SUI

>> No.58177647

>>58174503
No

>> No.58177652

>>58177449
Says the link holder

>> No.58177734

Luckily I managed to sold before fantom goes to zero. Why is it always so spooky?

>> No.58177891

We're going to zero. Prepare accordingly.

>> No.58178922

>>58174255
>>58174407
>>58177647
It was confirmed that Sonic is not going to be a Fantom upgrade anymore and will be its own chain.

>> No.58178942

>>58178922
Its own chain if you take that as still meaning that Fantom Opera (the name of the old chain) is not going to run on the side. Idk what this is but an upgrade, just not a techstack integrated into Opera. It will still be the only chain run under the name of Fantom

>> No.58180522

>>58178922
Posting no evidence to back up your statement while everyone posted evidence to back up theirs. Nice one

>> No.58181729
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58181729

>>58180522

>> No.58182273

$1 stablecoin

>> No.58182603

>>58174348
>180 million transactions per day
180,000,000/24/60/60 = 2,083 tps
kek, 2k tps is "tremendous technical capability", according to Fantom.
Is the name 'sonic' supposed to be ironic?
Seriously, what the fuck are they gonna be able to do with just 2k tps? We're supposed to be moving into a world where crypto chains are the backbone of finance, enterprise, AI, IoT, all kinds of shit. 2k tps will not even scratch the surface of what's needed.

>> No.58182781

>>58174348
But, just to make another point about it only being a 2k tps chain. Think about why they said 180 million in that announcement, rather than the tps figure, which most put out? It's because they know that 2k tps is pathetic and sounds bad, but 180 million a day sounds very impressive. What does that tell you, anon?
It tells you that the people behind this are fundamentally inclined to mislead people regarding an important metric. It tells you that they are dishonest.
Of course, the whole 'relaunching' Fantom as a 'community-centric brand' should set alarm bells ringing, as it's the kind of jargon con artists and time-share salesmen use, but, if it weren't obvious to you (some people have a less sensitive bullshit-meter than others), then the slight-of-hand regarding the tps should make you see what type of people you are dealing with.
It's up to you, anon, but I avoid investing in people or organisations that are dishonest or dodgy in the way they conduct themselves.

>> No.58182916

>>58182603
>>58182781
2000 tps is faster than what Visa can do, which is about 1700 tps, though it does rarely exceed that amount

>> No.58182927

>>58182781
it's 10k tps for ERC-20 transfers
4k tps for on-chain swaps
2k tps for other contract interactions

>> No.58183030
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58183030

Sounds like another scam introduced by Andre. Face it, nothing beats the incredible Hashgraph developed by our lord and saviour Leemon baird.

>> No.58183683

>>58174154
Is there anywhere left to get a loan against fantom at this point? I'm gonna be needing access to some of my funds I think soon. I'm really hoping FUSD is coming

>> No.58184134

>>58183683
I'm hearing polter but I haven't looked at it yet.

>> No.58184245

Finally started staking on the Fantom Wallet. Wish I did it years ago but it is what it is. What should be my strategy? Thinking of compounding daily for awhile then dip my toes into some DeFi stuff with my earned tokens. How’s everyone like Equalizer? What’s going on with Bebis and Reaper? Is that still around?

>> No.58184278

>>58184245
Once sonic comes out (or even earlier) they are incorporating functional liquid staking again. I don't know if any fantom chads remember ratiomaxing minted fUSD with your tokens from liquid staking but that shit was super comfy I almost 10xd my stack with that (even though it was technically an exploit)

>> No.58184299

>>58184278
yep i was here. I made out like a bandit doing a lot of that, Could have done even better. Can't wait for sonic then, that should be maximum comfy. I bet that'd be around the time I start needing a loan against fantom anyways. Should work out nicely

>> No.58184318

>>58184278
I've actually been arbitraging between beftm and ftm this whole bear. Has been super comfy and I've made a huge amount of ftm from it. The unlock is apr 3rd.

>> No.58184356

>>58174154
Double TOP alert. You will be raped. You can spawn multiple chains it won't help.

>> No.58184457

>>58184299
I traded the volatile unpegged fUSD/wFTM chart. One time I made 10k in 30 seconds by swinging a crazy low liquidity wick from bottom to top

>> No.58184499

>>58182603
oh you stupid fuck.
2k real tps is is unfathomably high. for gods sake look at the REAL tps chains do
vs what they advertise.
They advertise 10k meanwhile its actually 20.
Solana counts simple consesus coordination txns as part of their TPS. every chain touts boosted metrics. 2k tps is literally one hundred, ONE HUNDRED TIMES the throughput of any EVM chain, ever seen.
Bow the fuck down.

>> No.58184522

>>58183683
Yeah, Debita on fantom.

you dont even get liquidated on a price basis. you just have to pay the loan back on time. fantom defi is getting nuts

>> No.58184539

>>58183683
FUSD is coming Andre confirmed they have multiple parntners confirmed to launch native stables day 1 of launch.
So unless they want to call it fusd

>> No.58184772

>>58184356
Lol, here comes the TA retards. Why haven't you made it yet since you are so good at TA?

>> No.58185795
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58185795

An angel visited me in a dream and told me to get Fantom.

I know nothing about this. Where do I start? Actually fuck that, just how do I turn US dollars into FTM with as little kyc and cost as possible?

>> No.58185942

>>58185795
Crypto.com- not sure about KYC

>> No.58186062

>>58185795

I had a dream about Fantom too. In 2021.
The next day I bought for the first time ever.
It was .16, the picobottom of the chart.

>> No.58186754

fantombros...

>> No.58186998
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58186998

never forget.

>> No.58187042

ITS FUXKNG DUMPING AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>> No.58187054

FUCKING SCAMTOM

>> No.58187123

Should I slurp?
>>58186920

>> No.58188156

>>58174154
Piece of shit

Didn't even have support at $1

>> No.58188319
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58188319

>tfw bought for under 2 cents back in spring 2019
>endured linkfags spamming our threads
>endured that annoying anime tranny spamming our threads in summer of 2019
>endured that Ferrum faggot spamming our threads
>endured that MultiVac faggot spamming our threads
>endured multiple schizos spamming our threads
>endured the bear pushing us back down to mid teens
>my stack is worth just over 6 figures right now
I can hardly even comprehend it but I might unironically make it this run holy shit

>> No.58188921
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58188921

Fantom