What is Fasttoken (FTN)?

Fasttoken (FTN) serves as the native cryptocurrency of the Bahamut blockchain, which is a Layer-1 network that is EVM-compatible to provide scalability and security. The Bahamut blockchain is based on a proof of stake and activity (PoSA) consensus mechanism. The validators are chosen based on the tokens they stake and their overall activity within the network.

FTN can be utilized for any number of blockchain ecosystem functions, such as staking, transaction validation on the Bahamut blockchain, and cross-chain activities. Furthermore, it connects with services inside the Fastex ecosystem, which in addition to traditional blockchain functions, consists of applications inside iGaming, decentralized finance (DeFi), and various blockchain-based products.

Fasttoken was created by SoftConstruct and the token has been available since 2022. Like many tokens, FTN was originally built as an ERC-20 token on Ethereum. Later it was moved to the Bahamut blockchain for overall efficiency and to manage the underlying chain.

FTN is primarily used for transaction fees, smart contract execution, and validator incentives within the Bahamut network. Its integration into multiple applications highlights its role in blockchain-based services.

Fastoken (FTN) Distribution

• Total Supply: 1 billion FTN (fixed supply).
• Circulating Supply: Approximately 436 million FTN.
• Distribution Model:
• 30% allocated for token sales, including presale and public offerings.
• Team and founders' tokens follow a vesting schedule with a 24-month lockup.
• Remaining tokens are designated for staking rewards, ecosystem growth, and operational needs.
• Security Audits: FTN smart contracts were audited by CertiK and Hexens in October 2022.

Where to buy the FTN token?

You can buy the FTN token from several top cryptocurrency exchanges. Some of the most popular platforms include Fastex, Gate.io, MEXC, Bitget, Biconomy, WhiteBIT, BitMart, CoinDCX, BingX, and Poloniex. These exchanges support trading pairs like FTN/USDT, FTN/BTC, and FTN/ETH, offering varying liquidity and trading volumes. Always check fees, security, and withdrawal options before trading.

Fasttoken (FTN) Supported Wallets

Fast Token (FTN) is supported by several trusted wallets, including Trust Wallet, MetaMask, Ledger, imToken, Torus, Coinbase, SafePal, TokenPocket, iToken Wallet, Assure Wallet, OKX Wallet, Coin98, Wirex Wallet, and WalletConnect. These wallets provide secure storage and easy access to manage FTN transactions efficiently.

Fasttoken (FTN) Funding and History

Fasttoken (FTN) was launched as the official cryptocurrency of the Fastex ecosystem, developed by SoftConstruct in 2022. The token was introduced to support various blockchain applications, including gaming, DeFi, and payments. FTN was initially priced at $0.15 during its presale round in Q4 2022, raising $9 million. Subsequent funding rounds included a private sale at $0.20 and $0.25, raising $16 million and $25 million, respectively. The public sale took place on January 20, 2023, at $0.35, generating $3.5 million. With a total valuation of $350 million at launch, FTN has seen significant growth, establishing itself within the blockchain gaming and DeFi sectors.