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Fasttoken (FTN) is a cryptocurrency launched in 2022, serving as the native coin of the Bahamut layer-1 smart contract platform.
The network introduces a niche consensus mechanism—Proof of Stake and Activity—that ties block producer eligibility to real on-chain usage rather than raw capital alone. That shift lets enterprises directly monetize their decentralized applications by accumulating gas fees, which in turn weights their validator nodes for future epochs. This design explicitly addresses the friction where validators with large idle stakes dominate, disconnecting infrastructure rewards from end-user value creation.
Fasttoken operates on its own blockchain, Bahamut, using Proof of Stake and Activity (PoSA). Bahamut launched its mainnet on May 3, 2023, and continues expanding its validator set and ecosystem tooling. The chain processes state transitions through an Ethereum-compatible execution layer, ensuring immediate portability of existing Solidity codebases.
Full EVM compatibility means developers can deploy any Ethereum smart contract on Bahamut with minimal modification. The token itself exists across multiple EVM networks—Ethereum, BNB Smart Chain, Arbitrum, and Base—via wrapped or bridged representations, while an ongoing migration continuously settles those external supplies onto the native ledger. Validators do not simply lock capital; they must demonstrate relevance through the gas consumption of contracts they’ve deployed, a metric recalculated each epoch to adjust their block-producing probability.
Fasttoken emerged from the SoftConstruct and Fastex corporate ecosystems, originally issued as a standard ERC-20 token on Ethereum. The Bahamut mainnet launch triggered a wide-scale migration that is still underway, moving tokens from Ethereum and compatible chains to the sovereign network. That transition marks a deliberate pivot from a corporate utility token toward a decentralized base layer asset.
The project’s long-term aim is to construct a blockchain where economic throughput directly reinforces security, eliminating the misalignment that often separates enterprise profitability from consensus integrity. Rather than isolating business logic off-chain, Bahamut embeds monetization into the block production process itself. This architecture envisions a self-reinforcing cycle: applications attract users, users spend gas, and that gas activity boosts the application deployer’s validator influence.
Mechanically, FTN is the gas unit that fuels all computation and state changes on Bahamut. Validators must also stake FTN to join the active set, linking their capital at risk to the network’s honest operation. Outside the core protocol, the token circulates as a gaming currency within multiple SoftConstruct-affiliated platforms, resolving in-game value transfers and prize distributions.
Block producers stake FTN and deploy resource-intensive smart contracts whose gas usage elevates their standing for future epoch elections. End users expend FTN to trigger contract functions, mint assets, or transfer value across the chain. External holders can bridge the token from Ethereum or BNB Chain to Bahamut using dedicated cross-chain infrastructure, while gaming operators accept it as settlement for digital goods and competitive rewards.
Fasttoken has a maximum supply of 1,000,000,000 tokens. Currently, 433,865,414 FTN are in circulation, with a total supply of 870,742,437 tokens already minted. With a market capitalization of $69,345,834, Fasttoken ranks #383 among all cryptocurrencies.
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