What is Fasttoken (FTN)?

Deep Dive

1. Purpose & Value Proposition

FTN serves as the backbone of Bahamut’s blockchain, which uniquely rewards validators based on both stake size and the activity of their deployed smart contracts. This PoSA consensus (Bahamut docs) aims to drive developer innovation by prioritizing dApps with high user engagement (measured by gas consumption). FTN’s utility spans:
- Staking: Validators lock FTN to secure the network and earn fees.
- Ecosystem Payments: Used in Fastex’s exchange, NFT marketplace, and partner apps like gaming platform Lolik and health app YoHealth.
- Cross-Chain: Bridges between Bahamut and Ethereum via ERC-20 compatibility.

2. Technology & Architecture

Bahamut combines Ethereum’s EVM compatibility with PoSA, where validators gain higher block proposal chances by deploying widely used smart contracts. For example, a validator running a popular DeFi protocol earns more rewards than one merely holding tokens. This mechanism targets sustainable growth by aligning incentives with real-world usage.

3. Ecosystem Fundamentals

FTN is embedded in Fastex’s multi-product ecosystem:
- Fastex Exchange: Supports spot trading and plans derivatives.
- ftNFT Marketplace: Mints/trades NFTs with FTN as primary currency.
- Fastex Pay: Crypto cards enabling real-world FTN spending (Cointelegraph).
- Partner Network: Integrated into SoftConstruct’s 700+ enterprise solutions, including supply-chain tools and gaming platforms.

Conclusion

Fasttoken positions itself as a Web3 enabler, linking blockchain infrastructure to tangible use cases like payments and gaming. While its PoSA model offers a fresh take on validator incentives, the project’s success hinges on broader adoption of Bahamut’s ecosystem. Can FTN balance its dual role as a speculative asset and a utility token driving real-world activity?