Phantom is an open source, decentralised, smart contract platform for DApps and digital assets, created as an alternative to Ethereum. Fantom aims to overcome the limitations of previous generation blockchains and balance the three components: scalability, security and decentralisation. The project offers a set of tools to simplify the integration of existing DApps, and has also incorporated a stake-reward system and DeFi tools. One of Fantom's main strengths is its performance and efficient transaction processing, i.e. thousands of transactions per second at a fraction of a cent. As a result, Fantom provides greater scalability but at a lower cost. In addition to being a fast, secure and low-cost payment platform, it offers voting rights to FTM token holders. Users have the right to express their level of agreement/disagreement on a scale of 0 to 4. FTM is Phantom's native token that powers the ecosystem: it can be used for payments, network fees, investments. The FTM is the backbone of transactions, enabling fee collection, stemming and payment of user rewards.