Fantom To Avalanche Instant Swap
The attention to the FTM and AVAX coins is increasing each year because of their price tendencies. In this article, you will learn what Fantom and Avalanche projects are and how to swap FTM for AVAX and vice versa with the best exchange rate.
About Fantom and Avalanche Coins
Fantom is a smart contract platform based on the directed acyclic graph (DAG) principle. It uses a proprietary consensus algorithm and offers developers various DeFi services. The project promises to solve problems faced by many smart contract platforms. For example, to improve the speed of transaction processing. According to the developers, transactions on the platform now take no longer than two seconds to process.
Fantom uses Lachesis proprietary consensus mechanism to develop DeFi and related smart-contract-based services. Lachesis promises significantly higher throughput, transaction processing in two seconds, and better security than traditional platforms based on proof-of-stake (PoS).
The project attracts developers who want to implement decentralized solutions. According to official documentation, its mission is to ensure interoperability between all processing services around the world. The ecosystem is based on the FTM token. It is used to pay commissions and staking. During the 2018 token sale, the project raised nearly $40 million, which helped it grow.
Avalanche is a platform supporting smart contracts. It was launched in 2020 and is designed to create decentralized applications (dApps) and sub-networks (custom blockchains).
Avalanche uses the PoS algorithm that verifies transactions based on how many coins a user owns. Proponents of PoS argue that this method is less energy-intensive than others and has less impact on the environment.
Read More: 8 Best Free Typing Software For PC In 2022
Main Characteristics Comparison of FTM and AVAX
Below you can find technical information about FTM and AVAX. However, some of them change with time.
|Characteristics||Fantom (FTM)||Avalanche (AVAX)|
|Launch date||December 2019||September 2020|
|Average transaction cost||$0.000006||$0.05|
|Block time||1 sec||1 sec|
There are a lot of exchanges for swapping FTM to AVAX but not all respect your privacy. One of the best crypto exchanges is Godex which guarantees full anonymity.
How to Swap FTM to AVAX With the Lowest Fee
Godex is an advanced platform for converting cryptocurrencies. It differs from its counterparts by the fact that it allows users to make transactions anonymously, without registering an account and undergoing verification.
Godex.io believes that the KYC procedure conflicts with the original idea of creating cryptocurrencies (keeping user data secret). Therefore, the exchange requires only an address for sending assets (wallet data that is deleted within 1 week).
This procedure is beneficial for customers not only in terms of anonymity. Hackers are not interested in a resource where people’s data is not stored. Godex users do not worry that information on financial transactions or contact information will be seen by third parties or stolen by fraudsters.
The platform’s interface is simple and intuitive. All necessary functions are located on the main page. Even a newcomer can use Godex services. Advantages of Godex cryptocurrency exchange are
- Current rates that are fixed at the time of the exchange
- Transactions that take 5-30 minutes
- Modern security mechanisms.
In addition, customers benefit from 24/7 support. For those who are new to cryptocurrencies, the exchange staff can come in handy when conducting transactions. Additionally, you can read the FAQ section and check out information on the Godex social media accounts.
The total number of assets is more than 300. On the main page of Godex.io, there are 2 windows. One of them shows you how much crypto you need to send, and the others say how much you will receive. To swap FTX to AVAX you need to do the following:
- Go to https://godex.io/exchange/ftm-to-avax.
- Specify the amount of FTX and click the “Exchange” button. The built-in robot through API will start looking for the best rate on cryptocurrency exchanges, to which Godex is connected. It also will take into account the liquidity.
- If the exchange rate suits you, you need to add the AVAX wallet address, to which the exchange will deposit the cryptocurrency. Then confirm the action again by clicking the “Exchange” button.
- The system will fix the rate for 30 minutes and will display a line with the wallet address, to which you should deposit FTX.
- When the conversion takes place, you will see the details of the transaction on the page.
If you need to repeat the transaction after the exchange is completed, you need to click the “Restart Exchange” button.
On a Final Note
Now you know where to swap AVAX to FTM and vice versa with the best exchange rate. Godex.io is one of the best crypto exchanges that provide full anonymity. It has a lot of advantages over other crypto exchanges and offers impeccable service.
Sourabh Sharma is a student as well as a copywriter, he loves to spend his time writing blog posts.