FTN/EUR - Fasttoken/Euro

About Fasttoken

Fasttoken (FTN) is the native cryptocurrency of Bahamut, a public layer 1 blockchain compatible with the Ethereum Virtual Machine (EVM) and developed by SoftConstruct. It uses an innovative consensus mechanism called Proof of Stake and Activity (PoSA), which combines staking participation with the actual activity of users to validate blocks and distribute rewards equitably. FTN acts as a gas unit for transactions, enables block validation, and facilitates cross-chain operations within the Fastex ecosystem. In addition to its technical function, FTN is the central utility token in the Fastex ecosystem, which encompasses applications in gaming, e-commerce, payments, and decentralized finance (DeFi). Users can use FTN to make payments, participate in reward programs, and access various platforms within the ecosystem. Integration with multiple payment providers and its adoption on over 300 websites reinforce its practical utility and role in the digital economy.