![Screenshot_20221011134807.jpg](https://i.imgur.com/VAXlCmK.jpg)


Fantom is a layer-1 blockchain like Solana, and Avalanche which is known for its speed and scalability. The blockchain launched its mainnet in December 2019 and it has been doing fantastic in raising more than $40 million in funds with a total value locked (TVL) of $1.5 billion Tvl.

Its popularity this year drew much attention towards the blockchain and its most populous growing blockchain till now, sitting in the top 10 best blockchains. Fantom has been compared to Ethereum which is an "Ethereum killer" for fewer gas transactions and less expensive.

The blockchain enables open-source smart contracts that can enable the blockchain to run Ethereum Decentralized applications (dApps). Its structure also supports Decentralized finances (Defi) and it's easy to manage digital assets.

Fantom blockchain is also powered by a native (FTM) token like other blockchains do have a native token. However, this token can be stacked for passive income if you believe in the project. By now I even think it's a good time to buy fantom (FTM) tokens and have it stake for income.

I picked 56 FTM tokens today to stake for passive when I see the market is favorable. The 56 FTM token was bought for $12. You can still buy at a cheap price it's a good time to buy.
![Screenshot_20221011134623.jpg](https://i.imgur.com/ONTCwYj.jpg)![Screenshot_20221011135718~2.jpg](https://i.imgur.com/Sd6eNh5.jpg)

#### What is Fantom Staking

Staking is by locking up your digital assets for a certain period of time to earn a passive income. Therefore fantom staking FTM, allows investors to actively participate in earning FTM rewards every day for the certain period you purchase. 30days, 60days, and 120days.

When this token is been locked up for some time it keeps increasing and can be unlocked anytime but it takes 20 hours to return to the wallet if you terminate the process, and that can even result in loss of interest if you don't wait till the actual day.

### How to stake FTM on Binance

Although Fantom can be staked on its native blockchain network by connecting a wallet like metamask or any other compatible wallet to it. Other than its blockchain network there are some other decentralized exchanges (Dex) that support the staking of Fantom. Such Dex likes cucoin, coinbase, ledger, binance support staking of Fantom. All you need is to have at least 1 FTM to stake.


#### Simple steps on how I stake fantom on Binance 

1, After purchasing fantom at spot trading on binance

2, Then go to Binance earn, you'll see that on the home page. click on staking and scroll down to search for fantom (FTM)

![Screenshot_20221011134729.jpg](https://i.imgur.com/CSPltFi.jpg)

![Screenshot_20221011134739.jpg](https://i.imgur.com/wguiw25.jpg)

3, Chose your period then click stake now. It will direct you to where you'll put the amount to be stake.
![Screenshot_20221011134807.jpg](https://i.imgur.com/bFHP3FZ.jpg)

4, Add the amount of Fantom to stake then continue.
![Screenshot_20221011134953.jpg](https://i.imgur.com/CleogmW.jpg)

This will reflect on your wallet and you'll see the actual amount of Fantom you'll be earning on daily basis.

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