Are there any fees associated with using the platform?
Yes, there are fees associated with using the Fantom platform.
The fees are used to pay for the costs of running the network, such as transaction processing and data storage. The fees are paid in FTM tokens, which can be purchased on exchanges or earned through staking. The fees for transactions depend on the type of transaction being made.
For example, transferring FTM tokens from one address to another will incur a fee of 0.01 FTM per transaction. Similarly, deploying a smart contract will incur a fee of 0.
1 FTM per transaction. Additionally, there is a fee for data storage that is paid in FTM tokens and is based on the amount of data stored on the network. Overall, the fees associated with using the Fantom platform are relatively low compared to other blockchain networks and help ensure that the network remains secure and reliable for users.
