What is Fasttoken (FTN)?

Deep Dive

1. Purpose & Value Proposition

FTN aims to democratize blockchain rewards by incentivizing real-world utility. Unlike traditional Proof-of-Stake, Bahamut’s PoSA consensus rewards validators not just for staking FTN but for deploying widely used smart contracts (measured by gas consumption). This creates a fairer system where developers earn more by building apps with genuine user demand.

FTN also serves as the backbone of the Fastex ecosystem, which includes a cryptocurrency exchange, NFT marketplace, and crypto payment solutions. Its integration with SoftConstruct’s global IT network—spanning gaming, e-commerce, and enterprise software—gives FTN immediate utility across millions of users.

2. Technology & Architecture

Bahamut is an Ethereum Virtual Machine (EVM)-compatible layer-1 blockchain, allowing seamless deployment of Ethereum-based dApps. Key innovations include:
- PoSA Consensus: Combines staking with “activity points” earned by validators whose smart contracts drive network usage.
- Unified Account System: Users access Fastex’s exchange, NFT platform, and payment tools with a single wallet, simplifying cross-service interactions.
- Fast Channels: A layer-2 solution for microtransactions, reducing costs and latency for gaming and retail use cases.

3. Ecosystem & Use Cases

FTN’s utility extends across:
- Payments: Accepted by 10+ providers (e.g., MoonPay) and used in Fastex’s crypto debit cards for real-world spending.
- DeFi: Powers PercentMe (stable-rate lending) and liquid staking protocols, with ~40M FTN currently locked.
- NFTs: Backs “FTN Notes,” limited-edition physical collectibles redeemable 1:1 for FTN, authenticated via NFTs.
- Gaming: Integrated into blockchain-based games and Fastex’s Web3 gaming hub, acting as a central currency.

Conclusion

Fasttoken is a utility-driven cryptocurrency anchoring a vertically integrated ecosystem, blending blockchain innovation with tangible use cases in payments, DeFi, and digital collectibles. By rewarding developers for actual user engagement, Bahamut’s PoSA could redefine how blockchain networks distribute value.

What’s next? Can FTN’s activity-based rewards model sustain long-term adoption as Fastex expands into markets like the U.S.?