Fasttoken FTN Social Audit & Trust Score
Market Data & Token Stats
| Fully Diluted Valuation | $139.17M |
|---|---|
| 24H Trading Volume | $64,819 |
| 24H Low / High | $0.00 / $0.00 |
| Circulating Supply | 433.87M |
| Total Supply | 870.74M |
| Max Supply | 1.00B |
Key Project Information
| Categories | Smart Contract Platform 7 more |
|---|---|
| Founder | Vigen Badalyan |
| Website | Whitepaper |
| Socials | 3 more |
| Chains | Ethereum Ecosystem 3 more |
| Explorer | Ftnscan 7 more |
| Contracts |
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$ftn Markets
| Name | Pair | OG Score |
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About Fasttoken
Fasttoken - Bahamut Blockchain (FTN): A Comprehensive Overview
Fasttoken (FTN) is a utility token central to the SoftConstruct ecosystem, an IT company with over 7,000 employees, 1,000 partners and one million active users. FTN is integrated across the Fastex ecosystem, including Fastex Exchange, ftNFT marketplace, First Ticket blockchain-based Raffle game, Fastex Chain blockchain, Fastex payments and FastexVerse metaverse. Initially launched as an ERC-20 token, FTN provides discounts and utility across these platforms, with plans to become the native coin of Fastex Chain, supporting staking and block validation rewards.
FTN in Bahamut Blockchain
FTN also serves as the native token of Bahamut blockchain, a public EVM-based Layer 1 platform that uses a unique Proof-of-Stake & Activity (PoSA) consensus mechanism. PoSA rewards validators based not only on stake but also on activity, measured through gas usage in smart contracts. Bahamut currently has over 4,200 validators, 600,000 transactions and 200,000 FTN holders.
Traction and Adoption
FTN has achieved significant adoption, with daily trading volumes exceeding 15 million and nearly 40 million FTN locked in Bahamut staking smart contracts and liquid staking DApps. The Bahamut Grants Program, funded with 10 million FTN, supports web3 development and ecosystem improvements. The FTN community is active, with over 50,000 global members and integration across more than 300 websites.
Technical Features
Fasttoken employs a delegated proof-of-stake (DPoS) consensus algorithm on Fastex Chain, optimizing speed and scalability to support thousands of transactions per second. The token supports smart contracts, enabling developers to build decentralized applications (dApps) within the ecosystem. On Bahamut blockchain, PoSA incentivizes validator activity, promoting network security and efficiency.
Real-World Use Cases
FTN is applied across multiple sectors. Financial institutions use it to streamline cross-border payments. E-commerce platforms integrate FTN for faster transactions. Developers leverage the token for dApps, including DeFi solutions and supply chain management. FTN’s role spans payments, staking, governance and incentives across the SoftConstruct and Fastex ecosystems.
Tokenomics
FTN’s total supply is capped to create scarcity. It is used for transaction fees, governance voting, staking and accessing ecosystem features. Holding and staking FTN generates rewards while supporting network stability. Its adoption across exchanges, platforms and dApps contributes to demand growth.
Community and Ecosystem
The FTN ecosystem is supported by a global community of developers, investors and enthusiasts. Strategic partnerships enhance visibility and credibility. Collaborations with regulators ensure compliance, contributing to the token’s long-term sustainability.
What is Fasttoken (FTN) used for?
FTN serves as a utility token across the Fastex ecosystem, supporting transactions, staking, governance, discounts and access to dApps.
How does PoSA consensus work on Bahamut blockchain?
PoSA rewards validators based on both stake and activity, with active participation in smart contracts increasing chances of block proposal and earning rewards.
How can FTN holders earn staking rewards?
Staking FTN on Bahamut or Fastex Chain allows holders to earn rewards automatically through validator participation, proportional to their stake and activity.
What is the significance of the DPoS mechanism for FTN?
Delegated proof-of-stake enables high transaction throughput and scalability, allowing thousands of transactions per second while maintaining security.
How is FTN integrated into real-world applications?
FTN is used for faster payments, DeFi applications, tokenized assets, governance participation and ecosystem incentives, facilitating adoption across finance, e-commerce and blockchain projects.
How does the Bahamut Grants Program support the ecosystem?
Bahamut offers multiple funding opportunities through its application programs. Explore the details here
What is unique about Fasttoken (FTN)?
Fasttoken (FTN) stands out for its dual utility across the SoftConstruct and Fastex ecosystems, offering discounts and becoming the native coin of the Fastex Chain EVM-blockchain. Additionally, FTN serves as the native currency for Bahamut blockchain, utilizing the innovative Proof of Stake and Activity (PoSA) consensus mechanism to distribute block rewards based on activity.
Who are the founders of Fasttoken (FTN)?
Fasttoken (FTN) was founded by Vigen Badalyan and it is a utility token within the SoftConstruct ecosystem, a leading IT company with a vast user base and numerous partnerships.
Information in this section carefully collected and curated from publicly available data from official sources, including the Fasttoken Whitepaper and Fasttoken X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.