3-May. Alexey: Fantom is interesting, the cap is rather big, however, it is Blockchain so its OK. We are watching it, right now we don't have a full opinion on this project.
23-May. Ivan: Lucas from PolicyPal is helping them. Technology is OK. There were red flags, but it has appeared to be FUD. Pre-sale is closed for now.
Sergey: Big team, looks like ICON. The whitelist will probably be oversubscribed. (28th May).
Andrey: We don`t have allocations.
Fantom is one of several contenders that have chosen to combine DAG scalability with smart contracts for use utility. If the Fantom project is able to deliver on the promise of high TPS and leverage their industry domain toward enterprise adoption, we see the possibility for a path to actual use.
That said, at this point in the evolution of blockchain, when actual enterprise adoption of such technology will take place remains an open question. Regardless, we think the Fantom ICO has a team with the right mixture of blockchain expertise and industry domain for a fair shot.
Overall, we like the flipping potential of the ICO and are neutral about its long-term potential. Our thoughts on buying the tokens for flipping and investing for the long term are as follows:
Good. The market awareness for the project is very high. While the hard cap is higher than we would like, we believe there would still be plenty of unmet demand after the crowdsale.
For long-term holding
Neutral. There is a lot of competition for next-generation blockchains. Fantom’s team is promising and the idea is good, but we are still uncertain whether they can deliver on what they have stated in their white paper because the project is still in an early stage of development. If the team can deliver on their promises, the potential could be substantial.