Exploring and classifying Fantom with ITSA

How could Fantom keep its promise?

DeFi on Fantom

  1. fMint, which allows you to mint fUSD (a USD-pegged stablecoin) with your FTM
  2. fSwap, where you can trade over 176 synthetic assets such as fBTC and fETH
  3. fLend, to either lend your FTM or fUSD to liquidity pools to earn interest or use fUSD as collateral to borrow synthetic assets to trade on fSwap
Figure 1: The Fantom DeFi Stack (Source: https://fantom.foundation/defi/)
Figure 2: DeFi TVL on Fantom (Source: https://projects.fantom.network/)

The FTM Token is a settlement and governance token

The International Token Standardization Association (ITSA) e.V.

  • The International Token Identification Number (ITIN) is a 9-digit alphanumeric technical identifier for both fungible and non-fungible DLT-based tokens. Thanks to its underlying Uniform Token Locator (UTL), ITIN presents a unique and fork-resilient identification of tokens. The ITIN also allows for the connecting and matching of other media and data to the token, such as legal contracts or price data, and increases safety and operational transparency when handling these tokens.
  • The International Token Classification (ITC) is a multi-dimensional, expandable framework for the classification of tokens. Current dimensions include technological, economic, legal, and regulatory dimensions with multiple sub-dimensions. By mid-2021, there will be at least two new dimensions added, including a tax dimension. So far, our classification framework has been applied to 99% of the token market according to market capitalization of classified tokens.
  • ITSA’s Tokenbase currently holds data on over 4000 tokens. Tokenbase is a holistic database for the analysis of tokens and combines our identification and classification data with market and blockchain data from external providers. Third-party data of several partners is already integrated, and API access is also in development.

Remarks

References

The International Token Standardization Association (ITSA) is a not for profit organization working on holistic market standards for the global token economy.

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International Token Standardization Association

International Token Standardization Association

The International Token Standardization Association (ITSA) is a not for profit organization working on holistic market standards for the global token economy.

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