# FantomPad (FPAD)

**Rank:** #11464
**Type:** Token
**Source:** [View on Coinpaprika](https://coinpaprika.com/coin/fpad-fantompad/)

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## About

### What is FantomPad?

FantomPad (FPAD) is a cryptocurrency token that operates on the Fantom blockchain. It is designed to facilitate fundraising and investment opportunities for blockchain projects, acting as a launchpad for new tokens. The FantomPad token is used for governance within its ecosystem, allowing holders to participate in decision-making processes related to project development and community initiatives. With its focus on supporting innovative projects, FantomPad aims to enhance the growth and adoption of the decentralized finance (DeFi) landscape.

### When and how did FantomPad start?

FantomPad (FPAD) was launched in 2021 as a decentralized launchpad designed to support projects on the Fantom blockchain. It was created by a team of blockchain enthusiasts aiming to streamline the fundraising process for new crypto projects. The platform initially gained traction through its listing on major decentralized exchanges, facilitating seamless access for investors and project developers alike.

### What’s coming up for FantomPad?

FantomPad (FPAD) is set to enhance its ecosystem with significant updates outlined in its roadmap for the upcoming quarter. Key features include the launch of a decentralized exchange (DEX) and enhanced staking options, aimed at increasing user engagement and liquidity. The community plans to host educational webinars and AMAs to foster a deeper understanding of the platform and its capabilities. Additionally, FantomPad is focused on expanding its partnerships to facilitate new use cases, ensuring its evolution in the competitive DeFi landscape. Keep an eye out for these developments as they aim to solidify FantomPad’s position within the blockchain community.

### What makes FantomPad stand out?

FantomPad (FPAD) stands out in the cryptocurrency landscape due to its unique focus on providing a decentralized fundraising platform specifically for projects on the Fantom network. Compared to other cryptocurrencies, it utilizes a dual-token model that enhances liquidity and incentivizes participation, while its innovative staking mechanism allows users to earn rewards by supporting new projects. This special feature not only fosters community engagement but also creates real-world use cases for project funding and development within the rapidly growing Fantom ecosystem.

### What can you do with FantomPad?

FantomPad (FPAD) is primarily used as a utility token for accessing DeFi apps and participating in governance within the Fantom ecosystem. Users can stake FPAD to earn rewards and gain early access to exclusive NFT drops and projects. Additionally, it facilitates payments for various services and transactions within the platform.

### Is FantomPad still active or relevant?

FantomPad (FPAD) is currently active and still traded on various exchanges, indicating ongoing interest in the project. Development is ongoing, with regular updates from the team, and there is a vibrant community presence that supports its initiatives. Overall, FantomPad shows no signs of being an inactive or abandoned project.

### Who is FantomPad designed for?

FantomPad (FPAD) is built for investors and developers looking to participate in the fast-growing DeFi ecosystem on the Fantom blockchain. Its target audience includes those interested in launching and funding innovative projects, as well as users seeking to access early-stage investment opportunities within a vibrant community. Ideal for both seasoned crypto enthusiasts and newcomers, FantomPad fosters collaboration and growth in the decentralized finance space.

### How is FantomPad secured?

FantomPad (FPAD) secures its network through a unique consensus mechanism called Proof of Stake (PoS), which enhances blockchain protection by allowing validators to participate in the block creation process based on the number of tokens they hold. This validator setup ensures robust network security, as it incentivizes participants to act honestly while securing the integrity of transactions on the Fantom blockchain.

### Has FantomPad faced any controversy or risks?

FantomPad (FPAD) has faced challenges related to extreme volatility, which poses risks for investors seeking stability in their portfolios. Additionally, the project has been scrutinized for potential security incidents, raising concerns about the possibility of hacks or rug pulls that could jeopardize user funds. As with many emerging cryptocurrencies, legal issues may also arise, adding another layer of uncertainty to its market presence.

