FHM Trading Impact Calculator
Understanding FHM Trading
FantOHM (FHM) has severe liquidity issues with a 94% price gap between its trading pairs. This calculator shows how much you lose when trading due to slippage.
Trading FHM is highly illiquid. Small trades cause significant price impact.
FantOHM (FHM) was never meant to be just another cryptocurrency. It was built as a decentralized reserve currency on the Fantom blockchain, designed to have intrinsic value backed by real assets in its treasury. But today, it’s a ghost. No active development. No liquidity. No staking rewards. And almost no one holding it. If you’re wondering what FantOHM is, the real answer isn’t in its whitepaper-it’s in its graveyard.
What FantOHM was supposed to be
FantOHM launched in 2021 as a copy of Olympus DAO’s model-only built for Fantom instead of Ethereum. Its goal was simple: create a token (FHM) that couldn’t drop below a certain value because every unit was backed by assets like MIM (a stablecoin) or FHM-MIM liquidity pool tokens stored in its treasury. Unlike stablecoins that peg to $1, FantOHM aimed to be a higher-value reserve asset, earning rewards through staking and bonding.
The idea was clever. Users could buy FHM at a discount by depositing MIM or other assets into the protocol. Those assets became part of the treasury, which was supposed to back every FHM token. In return, people who held FHM could stake it and earn more FHM over time-like compound interest, but in crypto. It was a game-theoretic system: if everyone believed in the backing and kept staking, the token’s price would rise. If people lost faith, it would collapse.
Why it didn’t work
The theory looked solid. The execution? Broken from the start.
By late 2022, FantOHM’s total value locked (TVL)-the amount of money users had deposited into the protocol-had dropped from $1.2 million to under $20,000. That’s not a dip. That’s a total collapse. The treasury stopped growing. No new assets were added. No meaningful transactions were recorded on-chain after March 2023.
Then came the staking freeze. SpookySwap, the only exchange where FHM traded, showed a 0.0% APY for staking. No rewards. No incentives. No reason to hold. Without staking, the whole economic model fell apart. People didn’t just stop buying-they started selling everything they had.
Even the numbers didn’t add up. KuCoin listed a circulating supply of over 2.9 million FHM tokens, but the maximum supply was reported as only 2.2 million. That’s impossible. Either the data was wrong, or the protocol was manipulating supply behind the scenes. Either way, it eroded trust.
The trading reality
There are only two trading pairs for FHM: FHM/FTM and FHM/MIM. The price difference between them tells you everything.
- FHM/FTM traded around $0.0137
- FHM/MIM traded around $0.0267
That’s a 94% price gap between two pairs of the same token. Why? Because one has almost no buyers, and the other has just enough to keep the price artificially high. This isn’t a market-it’s a mirage. Liquidity is so thin that even small trades cause massive slippage. You can’t buy FHM without losing 20-30% of your value instantly.
Trading volume? LiveCoinWatch reported $0.00 for 24-hour volume. That doesn’t mean no trades happened-it means the trades were so tiny and scattered they didn’t register as meaningful activity. The entire market cap hovered around $54,000. For comparison, Olympus DAO (OHM) had a market cap of over $100 million at the same time. FantOHM wasn’t just small-it was irrelevant.
Who’s still paying attention?
No one.
GitHub hasn’t had a commit since October 2022. The official website (fantohm.com) now redirects to a generic Fantom ecosystem page. CoinMarketCap’s entry is incomplete. No reputable DeFi analyst has mentioned FantOHM in a report since mid-2023. Even the community chatter is dead. Reddit threads about FHM? Only 17 mentions in a year. Discord? Three messages in three months.
The only people still talking about it are the ones who bought early and are hoping for a miracle. One Reddit user asked in June 2023: “Anyone still holding FHM? The treasury looks completely depleted.” That was the last real question anyone asked.
Is FantOHM still alive?
Technically, yes. The token still exists on the Fantom blockchain. Wallets still hold it. Exchanges still list it. But functionally? No.
Blockchain forensic firms like Nansen classify it as an “Abandoned Project.” Delphi Digital rates it “Terminal”-the lowest possible score. The protocol has no team, no roadmap, no updates, no treasury management. It’s a zombie contract. It runs on autopilot, but nothing moves.
There’s no official shutdown. No announcement. Just silence. That’s the quiet death of most micro-cap crypto projects. They don’t crash with a bang-they fade into obscurity, ignored by everyone except the few who still have coins in their wallets, wondering if they’ll ever get their money back.
What you should do if you own FHM
If you bought FHM and still hold it, here’s the truth:
- You can’t sell it without taking a huge loss.
- You can’t stake it for rewards-it’s inactive.
- You can’t use it in any DeFi protocol-it’s not supported.
- You can’t even find reliable price data.
There’s no recovery plan. No community rescue effort. No one is working to revive it. The only way out is to accept the loss and move on.
If you’re thinking of buying FHM now, don’t. You’re not investing-you’re gambling on a dead project. There’s no upside. Only risk. And the risk is total loss.
Where FantOHM fits in the bigger picture
FantOHM isn’t an outlier. It’s one of 89% of OHM-style forks that failed. After Olympus DAO exploded in 2021, dozens of copycats popped up on Solana, Avalanche, Polygon, and Fantom. Most lasted six months. A few made it to a year. FantOHM lasted two-and barely.
These projects all shared the same fatal flaw: they tried to solve inflation with tokenomics, not real utility. They promised high yields without real revenue. They relied on new buyers to pay old holders. When the hype faded, the whole structure collapsed.
FantOHM’s story is a warning. Not about blockchain. Not about crypto. But about the dangers of chasing yield without understanding the foundation behind it.
If a project’s value depends on constant growth, and growth stops-it dies. FantOHM didn’t fail because of bad code. It failed because no one believed in it anymore.