FasttokenFTN
Convert FTN to your currency
Last Updated on Sep 28, 2025 05:25 AM
What is Fasttoken?
About the coin
FTN is the native coin of Bahamut, a public, layer 1 EVM-based blockchain solution. It was originally an ERC20 token within the SoftConstruct and Fastex ecosystems. Following the launch of the Bahamut mainnet on May 3, 2023, FTN became its native coin, initiating a migration process from Ethereum to Bahamut.
Main features
The standout feature of Bahamut is its PoSA consensus, which stands for Proof of Stake and Activity. This consensus mechanism introduces innovative ways for businesses to monetize their user base while maintaining the integrity and transparency of the web3 space. The PoSA consensus is unique in that it factors in the amount of gas spent by users interacting with validator-deployed smart contracts, influencing the likelihood of a validator becoming a block producer in future epochs.
How it works
FTN serves multiple purposes within its ecosystem. It is utilized as a gaming token across various providers and acts as the native coin for the Bahamut network. The infrastructure of Bahamut is continually expanding, with plans to introduce decentralized exchanges, various applications, bridge services, and other essential components by the end of the year. Additionally, the Bahamut grant program is underway, inviting participation from those interested in contributing to a decentralized future.
Wallet for Fasttoken
Experience the future of Crypto Wallets with Tangem
Tangem supports networks for Fasttoken
- Ethereum
- Bnb Smart Chain
- Arbitrum One
- Base
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Fasttoken FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
- Fasttoken operates on theBahamut blockchain, which utilizes the Proof of Stake and Activity (PoSA) consensus algorithm. In PoSA, validators, who validate transactions and blocks, stake a fixed amount of tokens to participate in the consensus process.
- Fasttoken (FTN) isthe native cryptocurrency of the Bahamut blockchain, a public EVM-based layer 1 solution. It serves as a utility token, enabling staking, block creation, and validation mechanisms, as well as cross-chain operations.
How to secure Fasttoken with Tangem Wallet?
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Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
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Why choose Fasttoken wallet with Tangem.
Private. No registration and KYC required to use the app. We don't track your data.
Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
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