05/30/2024
BTC68,213.0
ETH3,923.76
USDT0.998912
BNB595.21
SOL171.09
USDC1.0
XRP0.537005
DOGE0.171579
BUSD0.998694

Fasttoken (FTN) Price

FTN
4,6
$2.2
Market cap
690,193,693.0
Total volume
17,562,569
Circulating supply
313,755,719
Total supply
880,000,000
What's the essence of the project?
Bahamut leverages FTN as its core currency, positioned within a distinct, layer 1 EVM-compatible blockchain framework. It pioneers the PoSA consensus mechanism, which stands for Proof of Stake and Activity. This innovative approach evaluates Activity through the gas expenditure associated with the interaction of users and smart contracts introduced by validators. Essentially, the higher the gas consumption by a specific smart contract, the greater the likelihood for its validator creator to assume the role of a block producer in subsequent epochs.

How does your project differentiate itself?
Bahamut's defining feature is its PoSA consensus algorithm, offering unique opportunities for business model innovation within the web3 ecosystem, all while maintaining the domain's core values of integrity and transparency.

The backstory of the project.
Originally, FTN was introduced as an ERC20 token within the SoftConstruct and Fastex networks. Following the launch of the Bahamut mainnet on May 3, 2023, with FTN as the foundational token, a transition commenced from the Ethereum blockchain to Bahamut, a process which is periodically advancing.

What future developments are expected for your project?
As Bahamut's infrastructure continues to evolve, users can anticipate the incorporation of decentralized exchanges, diverse applications, bridge functionalities, and other vital features on the Bahamut platform before year's end. Additionally, the Bahamut grant initiative is in progress, aiming to empower those committed to forging a more decentralized future collaboratively.

Utility of your token?
FTN serves multiple purposes, including its role as a gaming token across various platforms, in addition to being the primary currency of the Bahamut network.

Homepage: https://bahamut.io/
Twitter: fasttoken_com
Telegram: fasttoken_eng
Reddit: fasttoken

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