What is Fasttoken (FTN)?

Fasttoken (FTN) is the native cryptocurrency of the Bahamut blockchain, a Layer-1 network designed to provide scalability, security, and compatibility with the Ethereum Virtual Machine (EVM). This compatibility allows developers to deploy Ethereum-based applications on Bahamut with minimal modifications.

FTN plays a central role in the Bahamut ecosystem by enabling staking, transaction processing, validator incentives, and participation in decentralized applications. Beyond blockchain infrastructure, FTN is also integrated into the broader Fastex ecosystem, which includes applications in gaming, payments, and decentralized finance (DeFi).

The project was developed by SoftConstruct and officially launched in 2022. Initially issued as an ERC-20 token on Ethereum, FTN later migrated to the Bahamut blockchain to improve performance and reduce reliance on external networks.

Key Features of Fasttoken (FTN)

Proof of Stake and Activity (PoSA)
Bahamut uses a consensus mechanism that selects validators based not only on the amount of tokens staked but also on their participation and activity within the network.

EVM Compatibility
Developers can deploy Ethereum-based smart contracts on Bahamut, enabling interoperability and reducing development friction.

Scalability and Security
The Bahamut architecture is designed to process transactions efficiently while maintaining decentralized validator participation.

Ecosystem Integration
FTN is integrated across Fastex products, including gaming platforms, payment services, and blockchain-based applications.

Multi-Industry Use Cases
The token is actively used in DeFi, iGaming, and Web3 services, making it more than a simple transaction token.

What is the FTN Token?

The FTN token is the primary utility asset of the Bahamut blockchain. It is used to:

• Pay transaction fees

• Execute smart contracts

• Stake and secure the network

• Reward validators

• Participate in ecosystem applications

The FTN price is influenced by network usage, staking demand, ecosystem growth, and exchange liquidity.

Bahamut Blockchain Overview

Bahamut is a Layer-1 blockchain built to support high-performance decentralized applications.

Key Characteristics:

• EVM-compatible architecture

• PoSA consensus mechanism

• Focus on DeFi and gaming infrastructure

• Designed for scalable smart contract execution

Bahamut aims to compete with other Layer-1 networks by offering lower costs and high throughput while maintaining compatibility with existing Ethereum tooling.

Use Cases of Fasttoken (FTN)

Network Fees
FTN is required to pay for transactions and smart contract execution on the Bahamut blockchain.

Staking and Validation
Validators stake FTN to secure the network and earn rewards.

Gaming and iGaming Applications
FTN is integrated into blockchain-based gaming platforms within the Fastex ecosystem.

DeFi Participation
Users can utilize FTN for liquidity, lending, and other decentralized finance services.

Cross-Chain Activity
FTN supports interoperability features that enable transfers and interaction across networks.

FTN Token History and Funding

Fasttoken (FTN) was introduced as part of the Fastex ecosystem and officially launched through multiple funding rounds between 2022 and early 2023. The token generation event (TGE) and distribution marked the beginning of the Bahamut blockchain economy.

Funding Timeline

Presale Round (Q4 2022)

• Token price: $0.15

• Funds raised: $9 million

• ROI: 7.27x

Private Round 1 (Q4 2022)

• Token price: $0.20

• Funds raised: $16 million

• ROI: 5.45x

Private Round 2 (Q1 2023)

• Token price: $0.25

• Funds raised: $25 million

• ROI: 4.36x

Public Sale / ICO (January 20, 2023)

• Token price: $0.35

• Funds raised: $3.5 million

• ROI: 3.11x

The public sale concluded on January 20, 2023, marking the final major distribution phase before broader exchange listings and ecosystem expansion.

Real-World Applications of FTN

Blockchain Gaming Infrastructure
FTN is used in gaming environments where blockchain assets and payments are required.

Payment Services
Fastex provides payment tools where FTN acts as a settlement and transaction token.

Decentralized Finance
FTN enables staking, liquidity provision, and financial services within the ecosystem.

Validator Economy
The PoSA model encourages active participation, creating a dynamic validator economy rather than passive staking.

Storing Fasttoken (FTN)

To store FTN securely, users can use wallets such as:

• MetaMask

• Trust Wallet

• Ledger

• SafePal

• Coin98

• OKX Wallet

• TokenPocket

• Torus

• WalletConnect-compatible wallets

Hardware wallets are recommended for long-term storage due to enhanced security.

Where To Buy FTN

Fasttoken (FTN) is available on multiple cryptocurrency exchanges.

Popular Exchanges:

• Fastex

• Gate.io

• MEXC

• Bitget

• WhiteBIT

• BitMart

• CoinDCX

• BingX

• Poloniex