The past weeks have been exciting for Fantom, and we couldn’t wait until the end of the month to produce a new recap article. This article includes a rundown about a few topics:

XAR network, which has been running smoothly before its public launch event.

Documentation about Collateral Stable Debt Tokens (CSDT), Sustainable Staking, and responsible usage of these tools to empower our community.

Fantom in Afghanistan and Africa.

Fantom Opera Mainnet Task Logs and Progress.

FTM listing on CoinOne.

Fantom being integrated by Incognito Chain for privacy functionality.

Fantom in Afghanistan

Launched a supply chain solution with the Ministry of Health of Afghanistan.

Launched a certification solution with the Ministry of Health of Afghanistan.

Fantom in Africa

House Africa (mortgages and deeds, backed by 25 bank consortium in Nigeria) has started building on Fantom.

Lightency (energy tokenization and part of Smart City Dubai) has started building on Fantom.

Chekkit (supply chain across Nigeria) has started building on Fantom.

Xar Network in a nutshell

As of writing this post, we see that the network engagement has been steadily growing even without a public launch event. We see the following:

Over 1,000,000$ worth of Fantom token has been locked in on XAR.

More than 500,000$ worth of CSDT has been minted.

More than 300,000$ worth of CSDT has been staked.

15 validator nodes are currently up and running, of which 12 are run by community members.

The network has also received upgrades, parameter changes, and new features to its wallet over the span of weeks:

The protocol has updated from Hub_1 to Hub_2.

Hub_3 upgrade and synthetic futures are rapidly approaching.

8 governance proposals were submitted.

Redelegation and the governance portal were added to wallet.xar.network

Aside from that, Andre Cronje released articles on the value of having BTC collateral for CSDT and how community members can protect their staking rewards. We also re-branded the ‘’liquidation’’ module to ‘’rebalancing’’ to represent its functionality more accurately.

Fantom Opera Mainnet Task logs for November and Early-December.

As we discussed in Technical Update 16, the team has been focused on the development of the Opera Mainnet based on Lachesis aBFT consensus with Ethereum Virtual Machine support. To assist Technical Update 16, and to give the community a more clear cut idea of the day-to-day for our developers, we’re now releasing the task logs from the 7th of November until the 4th of December.

Task logs early-November.

Task logs late-November to early-December.

Fantom integrated into Incognito DEX

The team from Incognito announced their support of FTM, by integrating ERC20 based FTM into its pDEX, an anonymous decentralized exchange with some very exciting functionality. This allows all users to deposit ERC20 FTM to receive their privacy counterparts in the form of pFTM which are trade able on pDEX.

The Foundation is exploring further collaborations with the Incognito team to add support for all the functionality to Fantom-based mainnets as well rather than the ERC20 token standard alone.

Link to release

FTM listed on Coinone

Fantom recently listed on Coinone, one of the most reputable cryptocurrency exchanges in Korea. The listing was complimented by a KRW pairing for FTM.

This event coincided with our recent team acquisitions globally, and we believe that Coinone fits the bill as a suitable gateway for our community building efforts in Korea.

Link to release