What is Fasttoken (FTN)?

Deep Dive

1. Purpose & Value Proposition

FTN facilitates Bahamut’s novel Proof-of-Stake-and-Activity (PoSA) system, where validators earn rewards not just for staking coins but also for creating widely used smart contracts. This dual incentive aligns developer activity with network security, aiming to foster organic ecosystem growth.

FTN’s utility extends to:
- Gas fees for Bahamut transactions.
- Liquid staking via DApps like Ortak and Mutuari.
- Cross-chain operations between Bahamut and Ethereum.

2. Technology & Architecture

Bahamut uses EVM compatibility to attract Ethereum developers while introducing PoSA to improve decentralization. Validators gain higher rewards by deploying apps that generate substantial network activity (measured by gas consumption). This mechanism contrasts with traditional PoS systems, where stake size alone dictates rewards.

3. Ecosystem Fundamentals

FTN anchors the Fastex ecosystem, which includes:
- Fastex Exchange: Supports spot trading and future derivatives.
- Fastex Pay: Crypto-to-fiat payment terminals and POS systems.
- ftNFT Marketplace: Integrated with Bahamut for low-fee NFT trading.
- SoftConstruct integration: Used in 15+ products across gaming, supply chain, and e-commerce.

Conclusion

FTN combines technical innovation (PoSA) with real-world utility across SoftConstruct’s multi-billion-dollar enterprise network. As Bahamut’s adoption grows, can FTN’s activity-driven consensus sustainably balance developer incentives and network security?