What is Fasttoken (FTN)
What is Fasttoken (FTN)
Start learning about what is Fasttoken through guides, tokenomics, trading information, and more.
Fasttoken (FTN) Basic Introduction
What is Fasttoken (FTN)? FTN is the native coin of Bahamut - public, layer 1 EVM-based blockchain solution with a novelty consensus - PoSA. PoSA stands for Proof of Stake and Activity, where Activity is represented by the amount of gas spent by users when interacting with a validator-deployed smart contract. The more gas usage the given smart contract has, the more chances for the validator-deployer to become a block producer in future epochs.
What makes Bahamut unique? The main unique aspect of Bahamut is the PoSA consensus, which introduces new ways for businesses to monetize their user base, while preserving the integrity and transparency of the web3 space.
History of Fasttoken (FTN): FTN was originally an ERC20 token of SoftConstruct and Fastex ecosystems. After Bahamut mainnet launched on May 3, 2023 with FTN as its native coin, the migration process started from Ethereum to Bahamut and is still an ongoing process.
What’s next for Bahamut? The infrastructure of Bahamut is constantly growing - users can expect decentralized exchanges, various apps, bridge services, and other essential aspects to be available on Bahamut before the end of the year. Also, Bahamut grant program is under way and will open the doors to everyone who wants to build a better decentralized future together.
What can Fasttoken (FTN) be used for? FTN is used in a variety of providers as a gaming token, and also the native coin for Bahamut network.
Fasttoken (FTN) Profile
Fasttoken (FTN) Tokenomics
Tokenomics describes the economic model of Fasttoken (FTN), including its supply, distribution, and utility within the ecosystem. Factors such as total supply, circulating supply, and token allocation to the team, investors, or community play a major role in shaping its market behaviour.
Fasttoken TokenomicsPro Tip: Understanding FTN's tokenomics, price trends, and market sentiment can help you better assess its potential future price movements.
Fasttoken (FTN) Price Prediction
Building on tokenomics and past performance, price predictions for FTN aim to estimate where the token might be headed. Analysts and traders often look at supply dynamics, adoption trends, market sentiment, and broader crypto movements to form expectations. Did you know, MEXC has a price prediction tool that can assist you in measuring the future price of FTN? Check it out now!
Fasttoken Price PredictionDisclaimer
The information on this page regarding Fasttoken (FTN) is for informational purposes only and does not constitute financial, investment, or trading advice. MEXC makes no guarantees as to the accuracy, completeness, or reliability of the content provided. Cryptocurrency trading carries significant risks, including market volatility and potential loss of capital. You should conduct independent research, assess your financial situation, and consult a licensed advisor before making any investment decisions. MEXC is not liable for any losses or damages arising from reliance on this information.
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