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About Fasttoken

Fasttoken (FTN) is the native currency of the Bahamut blockchain, an EVM-based layer 1 public blockchain solution. This blockchain solution introduces a unique consensus algorithm known as Proof of Stake and Activity (PoSA), which strives to transform how distributed networks approach block rewards among network participants. FTN was initially emitted as an ERC-20 token and serves as a utility token for the SoftConstruct ecosystem, an IT solutions provider. FTN plays a crucial role in enabling staking, block creation and validation mechanisms, and cross-chain operations within the Bahamut blockchain.

Fasttoken operates on the Bahamut blockchain, which utilizes the Proof of Stake and Activity (PoSA) consensus algorithm. In PoSA, validators, who validate transactions and blocks, stake a fixed amount of tokens to participate in the consensus process. However, a validator's ranking is determined not only by their stake but also by the activity of their smart contracts. The activity of a smart contract is calculated based on the gas used by users when interacting with the contract. This approach aims to incentivize developers to create high-quality, highly-used contracts, contributing to the overall health and security of the network. FTN serves as the gas unit for Bahamut, facilitating these operations.

Fasttoken has a wide range of potential use cases within the SoftConstruct ecosystem. It can be used to settle various business and personal arrangements between users and any of SoftConstruct’s products and services. FTN also fuels all blockchain-based and blockchain-related apps within the Fastex ecosystem as the native currency for all platforms. Furthermore, FTN serves as the staking and validation rewards currency on the Bahamut blockchain. The SoftConstruct Crypto Reward Program aims to allow all parties within the SoftConstruct network to benefit from either using or holding FTN in both daily and monthly activities.

Fasttoken was developed and curated by SoftConstruct, an IT solutions provider in various fields including web 3.0, gaming, AR, VR, finances, e-commerce, and supply chain management. It was initially emitted as an ERC-20 token and later became the native currency of the Bahamut blockchain. The Bahamut blockchain, with its unique PoSA consensus algorithm, was developed by Fastex engineers. As of now, Bahamut boasts over 4200 validators, 600,000 transactions, and 200,000 FTN holders. Fasttoken aims to continue playing a pivotal role in the SoftConstruct ecosystem, providing numerous real-world use cases from day one.

Market

Market stats

Market cap

$601.3M

Volume (24h)

$25.4M

Circulating supply

304.9M FTN

All time high

$2.02

Market performance

Price change (1h)

+0.29%

Price change (1d)

-1.86%

Price change (1w)

+0.95%

Price change (2w)

+0.96%

Price change (1m)

+5.62%

Price change (1y)

+136.7%

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Fasttoken is on the rise this week.

The price of Fasttoken has increased by 0.29% in the last hour and decreased by 1.86% in the past 24 hours. Fasttoken’s price has also risen by 0.95% in the past week. The current price is $1.97 per FTN with a 24-hour trading volume of $25.42M. Currently, Fasttoken is valued at 2.13% below its all time high of $2.02. This all-time high was the highest price paid for Fasttoken since its launch.

The current circulating supply of Fasttoken is 304,850,250 FTN which means that Fasttoken has as total market cap of 304,850,250.

FAQ

What is the current price of Fasttoken?

We update our Fasttoken to USD currency in real-time. Get the live price of Fasttoken on Coinbase.

What is the market cap of Fasttoken?

The current market cap of Fasttoken is $601.33M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Fasttoken?

The all-time high of Fasttoken is $2.02. This all-time high is highest price paid for Fasttoken since it was launched.

What is the 24 hour trading volume of Fasttoken?

Over the last 24 hours, the trading volume of Fasttoken is $25.42M.

What other assets are similar to Fasttoken?

Assets that have a similar market cap to Fasttoken include IoTeX, Zetachain, SuperVerse, and many others. To see a full list, see our comparable market cap assets.

How many Fasttoken are there?

The current circulating supply of Fasttoken is 305 million.

Can I buy Fasttoken on Coinbase?

Yes, Fasttoken is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Fasttoken guide.