Fantom Foundation ICO: $21K Worth of ETH Entry Fee Paid By A Investor

Fantom Foundation ICO: An investor paid $21,769.54 worth of ether to participate in the Fantom Foundation ICO. This investor who was ready to pay 115 ETH to enter into the Fantom foundation ICO

The public Fantom Foundation ICO kicked off on Friday. During the crowdsale event, investors could contribute up to 1.692294656 ETH in first 24 hours, pegging 1ETH =11582 FTM. Post 24 hrs the contribution cap was lifted and was conducted on the basis of first come first serve.

During the uncapped sale, an investor paid to 43.821281604 ether, which is $21,832.20 worth at current exchange rates for Fantom Foundation ICO participation.  Looking at the transaction details. The user was ready to pay 115 ETH = 200000(Gas Limit) *0.000579846( Gwei).

An Another investor also lost ~19 ETH to enter into the project with contribution of around 430 ETH. All this was a result of GAS war, which happens during the ICO when the caps are lifted without any restriction to contribute.

Fantom Foundation kept the fund raising goals of $39,400,000, which was achieved with the expected timeline. The team has not announced any official information on exchange listing as of now. Fantom is the world’s first DAG based smart contract platform that solves the issue of scalability and confirmation time of the existing blockchain technology. The team has claimed 300K TPS comparatively quite low against their competitor like Sparkster and Quarkchain, which claim Million TPS.