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Summary of FantOHM
- FantOHM is a decentralized reserve currency protocol on the Fantom Network with the ticker FHM.
- Each FHM token is backed by a basket of assets in the Fantohm treasury, giving it an intrinsic value.
- The protocol introduces economic and game-theoretic dynamics through staking and minting.
- Goal: Build a policy-controlled currency system on the FTM network, optimizing for stability and consistency.
- Short-term goal: Optimize for growth and wealth creation.
- Long-term goal: Function as a global unit-of-account and medium-of-exchange currency.
- Aim to achieve price flatness for a representative basket of goods without fiat currency.</
About FantOHM: Unlocking the Potential of Decentralized Finance
Fantohm is a pioneering decentralized reserve currency protocol operating on the Fantom Network, denoted by the ticker symbol FHM. Each FHM token is collateralized by a diversified basket of assets, including MIM and FHM-MIM LP Tokens, among others, held in the Fantohm treasury, thereby ensuring an inherent value floor that it cannot breach. Furthermore, Fantohm incorporates economic and game-theoretic mechanisms into the market through innovative staking and minting processes.
Our overarching objective is to establish a policy-governed currency ecosystem, natively integrated within the FTM network, which will dictate the behavior of the FHM token. In the long run, we envision this system to be optimized for stability and consistency, thereby enabling FHM to function as a universally accepted unit of account and medium of exchange. In the short term, our focus will be on optimizing the system to drive growth and generate wealth.
We aim to attain price stability for a diverse range of goods, unhinged from the reliance on fiat currency, thereby empowering the cryptocurrency sector to definitively break free from the shackles of traditional finance.