ZenLedger Now Supports Fantom for Crypto Tax Reporting
ZenLedger has introduced native support for the Fantom blockchain!
Simply input your Fantom public wallet address, and all of your transaction data will be pulled from the blockchain into ZenLedger software. An easy tax solution for the growing Fantom ecosystem to easily calculate taxes, generate required tax forms, and manage their entire crypto portfolio. Our software supports the following transaction types on Fantom:
- Liquidity Pool
- Staking
- Zap
- Farm
- Swap/Trade
- Borrow
- Repayment
- Claim Reward
- Bridge
What is Fantom?
Fantom is a Layer-1 blockchain that uses a single consensus layer to support the creation of multiple execution chains. The network’s independent consensus layer called Lachesis, featuring a novel consensus mechanism developed by the Fantom Foundation dubbed the “Lachesis Protocol.” Lachesis can provide security to multiple other layers, the first of which is Fantom’s EVM-compatible smart contract chain called Opera. The project’s goal is to host an ecosystem of execution layers while enabling them to feature fast and cost-efficient transactions due to the benefits provided by the Lachesis Protocol.
Create a free ZenLedger account to get your Fantom taxes done now!
ZenLedger addresses a key pain point for today’s crypto traders by providing an easy solution for crypto tax preparation. With the ongoing tax reporting debate in Congress and the virtual currency question listed at the top of Form 1040, the current administration and the IRS have made it clear that they are taking crypto tax evasion seriously.
Founded in 2017, and built by industry veterans in technology, finance, and accounting, ZenLedger aggregates user transaction information across thousands of exchanges, wallets, and tokens into one simple dashboard, making it easy to calculate tax liability and make financial decisions. ZenLedger helps cryptocurrency investors and tax professionals stay compliant with integration support for over 400+ exchanges, 40+ blockchains, 20+ DeFi protocols, NFTs, and all wallets.
