Fantohm is one of the first decentralized reserve currency protocol available on the Fantom Network with the ticker FHM. Each FHM token is backed by a basket of assets (e.g., MIM, FHM-MIM LP Tokens etc) in the Fantohm treasury, giving it an intrinsic value that it cannot fall below. Fantohm also introduces economic and game-theoretic dynamics into the market through staking and minting.
Our goal is to build a policy-controlled currency system, native on the FTM network, in which the behavior of the FHM token. In the long term, we believe this system can be used to optimize for stability and consistency so that FHM can function as a global unit-of-account and medium-of-exchange currency. In the short term, we intend to optimize the system for growth and wealth creation.
We intend to achieve price flatness for a representative basket of goods without the use of fiat currency, in order to allow the cryptocurrency industry to detach once and for all from the traditional finance world.
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