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Fasttoken
FTN

$2.90
Market Cap
+0.33% $886,254,454
Fully diluted market cap
$2,907,179,688
Circulating supply
304,850,250 FTN
Total supply
304,850,250 FTN
Max. supply
304,850,250 FTN
Volume 24h
-11.37% $140,831,806
Volume/Market cap (24h)
+15.89%

Ratings

Average ratings from the community
4.6
100 Ratings
Average ratings from the community
This content is for informational purposes only

logo
Fasttoken
FTN

$2.90
1D
7D
1M
3M
1Y
ALL
Market Cap
+0.33% $886,254,454
Fully diluted market cap
$2,907,179,688
Circulating supply
304,850,250 FTN
Total supply
304,850,250 FTN
Max. supply
304,850,250 FTN
Volume 24h
-11.37% $140,831,806
Volume/Market cap (24h)
+15.89%

FTN Price Calculator

FTN
USD
1 FTN equals $2.90 United States Dollar
Last updated 2024/11/10 06:00:25 (UTC)

Ratings

Average ratings from the community
4.6
100 Ratings
Average ratings from the community
This content is for informational purposes only

FTN Market

FTN Market Stats

24h Low & High
Lowest Price
$2.88
Highest Price
$2.89
All Time High
$2.96
Price Change(1h)
+0.09%
Price Change(24h)
+0.28%
Price Change(7d)
+8.29%

FTN Price Live Data

The live price of Fasttoken is $2.90 per (FTN/USD) today with 24-hour trading volume is $140.83M USD. FTN to USD price is updated in real-time. Fasttoken is +0.28% in the last 24 hours.

FTN Price Performance

24DAYS
$-0.010
-0.38%
30DAYS
$0.31
+12.22%
90DAYS
$0.39
+15.71%
1YEAR
$1.68
+140.19%

About Fasttoken (FTN)



FTN is the native currency of Bahamut blockchain, a public EVM-based layer 1 solution with a novelty consensus called Proof of Stake and Activity (PoSA). FTN serves as the gas unit for Bahamut, enabling staking and block creation and validation mechanisms, as well as cross-chain operations.

Initially, FTN was emitted as an ERC-20 token that serves as a utility token for the whole SoftConstruct - a leading IT solutions provider - ecosystem, enabling users to settle all kinds of business and personal arrangements between themselves and any of SoftConstruct’s products and services.

## What is Bahamut ?

Bahamut is an EVM-based, layer 1, public blockchain solution that aims to transform how distributed networks approach block rewards among network participants by adding a crucial parameter to the algorithm - activity. The activity parameter is represented by the amount of gas used by a validator's smart contract, and this amount is taken into consideration when distributing the chance to become a block proposer and earn rewards. Bahamut’s novelty consensus – Proof of Stake and Activity (PoSA) – has been developed by Fastex engineers. Currently, Bahamut has over 4200 validators, 600,000 transactions, and 200,000 FTN holders.

PoSA is a variation of PoS (Proof of Stake), which adds a new parameter called activity. This activity is represented by the total amount of gas spent by a validator-deployed smart contract, and it is taken into account when determining the chances of becoming a validator in the next epoch. Put simply, the more activity a validator has, the higher their chances of becoming a validator in the future, and the greater the rewards they can earn.

## What is PoSA?

PoSA is a novel consensus algorithm that blends the strengths of PoS with an additional activity parameter. The activity parameter is calculated based on the usage of the smart contracts deployed on the network. In simple terms, the more a smart contract is used, the more impact it will have in the consensus process. This creates an incentive for contract developers to create high-quality, highly-used contracts, as they will have more impact in the network.

## How does PoSA work?

In PoSA, validators (i.e., nodes that validate transactions and blocks) must first stake a fixed amount of tokens, which is 8192 for all validators, to participate in the consensus process. This stake serves as collateral, ensuring that validators act in an honest manner. However, in PoSA, the ranking of a validator is determined not only by the size of their stake but also by the activity of their smart contracts.

The activity of a smart contract is the sum of all gas used by users when interacting with the contract. The more gas a contract uses, the more active it is considered to be. This activity is then combined with the validator's stake to determine their rank.

The advantage of this approach is two-fold. Firstly, it provides an incentive for developers to create high quality, highly used contracts, which helps to maintain the overall health and security of the network. Secondly, it helps to decentralize the network, as validators with high quality, high usability contracts will have a greater influence in the consensus process.

It's important to note that even validators without activity are still important to the network, as they play a role in maintaining its security and stability.

FTN is the native currency of Bahamut blockchain, a public EVM-based layer 1 solution with a novelty consensus called Proof of Stake and Activity (PoSA). FTN serves as the gas unit for Bahamut, enabling staking and block creation and validation mechanisms, as well as cross-chain operations.Initially, FTN was emitted as an ERC-20 token that serves as a utility token for the whole SoftConstruct - a leading IT solutions provider - ecosystem, enabling users to settle all kinds of business and personal arrangements between themselves and any of SoftConstruct’s products and services.

FTN To Local Currency

Last updated 2024/11/10 00:00:03 (UTC)

How To Buy Fasttoken

When it comes to buying crypto, you have a lot of options. Our guide will provide step-by-step instructions on how you can buy Fasttoken and help you discover other cryptocurrencies similar to Fasttoken.

FAQ

Q
What is the current price of Fasttoken?
A
We update our Fasttoken to USD price in real-time. Get the live Price of Fasttoken on CoinMapAi.
Q
What is the 24 hour trading volume of Fasttoken?
A
Over the last 24 hours, the trading volume of Fasttoken is $140.83M.
Q
What is the all time high of Fasttoken?
A
The all-time high of Fasttoken is $2.96. This all-time high is highest price paid for Fasttoken since it was launched.
Q
Where can I buy Fasttoken?
A
Fasttoken can be purchased on multiple centralized exchanges. Please check our buying guide: buy Fasttoken guide.
Cryptocurrency investment activities, including actions done to buy Fasttoken online via OKX, are subject to market risk. OKX provides easy and convenient ways for you to buy Fasttoken instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your Fasttoken purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.

CoinMapAi is your gateway to the Web 3 world, serving as a guide to help you quickly familiarize yourself with and enter the world of cryptocurrency.

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