Buy Fantom
in Malaysia

FTM (Fantom) is a cryptocurrency that was first introduced in 2018. The price of Fantom in the ICO was $ 0.04 and the token sale ended on June 17, 2018. Since then, FTM's value has risen 11.88 times compared to the US Dollar, increased by a factor of 3.61 when compared to Ethereum, and gone up 3.26 times versus Bitcoin. FTM's price was initially listed on various cryptocurrency exchanges in late 2018 at a price of around $0.03. Over the next year, FTM's price remained relatively stable and only saw slight fluctuations. In 2020, FTM's price started to gain traction as more people became aware of the project's innovative technology and growing partnerships. By the end of the year, FTM's price had increased to around $0.18, a six-fold increase from its initial price. In early 2021, FTM's price continued to soar as demand for the token increased. At its peak in April 2021, FTM's price had reached an all-time high of $0.66. Therefore, Fantom's best year was 2021, when the price of FTM rose 13,172.55% from $0.016957 to $2.25. The average annual growth of Fantom over the past 6 years has been 2,630.02%. In the year 2022, the whole crypto market was experiencing difficulties. Even the biggest and most popular cryptocurrencies were dropping dramatically but again, by the start of 2023, the prices are showing positive rises eventually. Many experts have predicted a good future for the FTM token as they forecasted the price would hit the $6.40 mark by 2025. Please keep in mind that this is not meant to be taken as a buying signal. It is recommended for you to research information on the crypto market and receive professional advice from the market experts before attempting to invest in FTM cryptocurrency.

Fantom is a smart contract platform based on directed acyclic graph (DAG) technology that provides developers with decentralized financial services (DeFi). By using its proprietary consensus algorithm, Fantom aims to solve problems related to smart contract platforms, especially transaction speed. According to the Fantom developers, they have been able to reduce the transaction time to less than two seconds. The Fantom Foundation, which oversees the launch of Fantom products, was established in 2018, and the launch of the platform's main network, Opera, dates back to December 2019.

As an open source, customizable and scalable platform that is developed to overcome the limitations of previous generation blockchain networks, Fantom’s main goal is to build a better and more efficient future and to create an infrastructure in order to help people improve their quality of life through the latest developments in the world of technology. Fantom is part of the digital revolution, with its influence on all aspects of life, including: the adoption of digital assets on a global scale, digital economy and payments, as well as digital identity and medical records.

Yes, cryptocurrency is legal to buy, sell and trade in Malaysia. According to an issued guideline
on digital currencies by Malaysia’s central bank, Bank Negara Malaysia (BNM), has stated that
it does not ban cryptocurrency transactions and has issued guidelines for individuals and
businesses to follow when using cryptocurrencies. These guidelines are intended to help ensure
the stability of Malaysia's financial system and to protect consumers from potential risks.

Yes and no, there is no specific tax law in Malaysia that governs the taxation of cryptocurrencies
as of 12 February of 2023. However, the Inland Revenue Board of Malaysia (IRBM) has issued
Guidelines on Tax Treatment of Digital Currency Transactions indicating that cryptocurrencies
may be subject to tax under existing laws on certain conditions. According to the mentioned
guideline above, The Malaysian Inland Revenue Board (IRBM) has stated that cryptocurrency
transactions are exempt from tax, unless they are conducted regularly or repetitively. This
means that if you engage in cryptocurrency trading on a frequent basis, you will be required to
pay taxes on your cryptocurrency earnings. For businesses involved in cryptocurrency, any
profits generated from these transactions will be subject to income tax, regardless of whether
the profits are received in cryptocurrency or fiat currency. On the other hand, according to the
above-mentioned document, since cryptocurrencies are not viewed as capital assets nor a legal
tender by Malaysian authorities, crypto transactions carried out by individual and occasional
investors are not taxed.
It is worth noting that tax laws and regulations can change over time, so we would recommend
checking with the IRBM or consulting with a tax professional for the most up-to-date information.

By using your FTM (Fantom) crypto tokens, you can engage in the following activities: You can have transactions done: FTM is used as a medium of trade for goods and services within the Fantom network. You can use it in Staking: FTM can be staked so that you can participate in the network’s consensus mechanism and earn rewards. Governance: you as an FTM holder, can participate in the governance of the network by voting on protocol upgrades and other important decisions. Dapps: FTM can be used as a means of exchange within decentralized applications built on the Fantom network so the future of FTM owners is bright in regards to the wide-spread usage of Dapp technology.

In Malaysia, there are no restrictions on who can buy cryptocurrency. The best way to purchase
cryptocurrency in Malaysia depends on individual circumstances and preferences. The most
widely used method is through a digital asset exchange platform like ours. Our platform offers a
secure and reliable option for individuals looking to buy cryptocurrency in Malaysia. Our
exchange adheres to the law and provides a variety of payment options, including credit card,
debit card, bank transfer, PayPal, Apple Pay, and Google Pay, without incurring exchange
transaction fees. On our platform, individuals have the capability to buy, sell, and trade
cryptocurrency tokens. As with any investment, it's important to thoroughly research and
understand the market before investing in cryptocurrency. It's also a good idea to consult with a
financial advisor or expert in the field to help you make informed decisions.