What is Fasttoken
What is the project about?
FTN is the native coin of Bahamut - public, layer 1 EVM-based blockchain solution with a novelty consensus - PoSA. PoSA stands for Proof of Stake and Activity, where Activity is represented by the amount of gas spent by users when interacting with a validator-deployed smart contract. The more gas usage the given smart contract has, the more chances for the validator-deployer to become a block producer in future epochs.
What makes your project unique?
The main unique aspect of Bahamut is the PoSA consensus, which introduces new ways for businesses to monetize their user base, while preserving the integrity and transparency of the web3 space.
History of your project.
FTN was originally an ERC20 token of SoftConstruct and Fastex ecosystems. After Bahamut mainnet launched on May 3, 2023 with FTN as its native coin, the migration process started from Ethereum to Bahamut and is still an ongoing process.
What’s next for your project?
The infrastructure of Bahamut is constantly growing - users can expect decentralized exchanges, various apps, bridge services, and other essential aspects to be available on Bahamut before the end of the year. Also, Bahamut grant program is under way and will open the doors to everyone who wants to build a better decentralized future together.
What can your token be used for?
FTN is used in a variety of providers as a gaming token, and also the native coin for Bahamut network.
Fasttoken vs Stoic
It's almost impossible to predict which cryptocurrency will eventually emerge as the leader.
There is no guarantee that In 5 years, FTN would still even exist. Another faster and cheaper blockchain might capture the majority of developers, users, and capital. Or some critical failure of FTN might derail its progress.
Because the probability of guessing the winner is low, it's better to use a portfolio approach and buy all possible contenders, including FTN.
Stoic builds a portfolio by using hedge fund-grade quantitative research and AI to build a portfolio of crypto assets.
The algorithm analyzes price data, returns, volatility, correlations, and other factors to identify coins that are likely to go up. It then rebalances the portfolio daily to cut losses early and take profits regularly. Stoic is a great alternative to researching coins and trading manually.
Over 12,000 people already use Stoic to automate their crypto investing.