Fasttoken (codename FTN) is a cryptocurrency token designed for Web3 applications and real-world payment scenarios. Its design goal is to integrate blockchain technology with industries such as gaming, e-commerce, and NFTs. It is used not only as a token but also as the native token of its parent blockchain network, Bahamut, for functions such as network security, consensus mechanisms, and incentivizing ecosystem developers.
Token Functions and Use Cases
FTN is the native currency of the Bahamut chain, used for staking, consensus participation, and cross-chain functionality.
The token is used in real-world Web3.0 scenarios such as gaming, e-commerce, and payment gateways. For example, it claims to have been integrated by over 100 websites or 10+ payment service providers.
Under Bahamut's "ProofofStakeandActivity" (PoSA) consensus mechanism, nodes not only need to stake tokens but also require their deployed smart contracts to have actual user activity (such as gas consumption) to increase their chances of becoming block producers.
Technical Architecture
Bahamut is an EVM-compatible Layer 1 blockchain, meaning that contracts and tools on Ethereum can be migrated relatively easily.
In the PoSA mechanism, "Activity" refers to the gas consumed by users when actually using smart contracts. The system incentivizes dApp developers to interact with users in this way, thereby enhancing ecosystem activity.
Token Economics and Issuance
The maximum supply is set at 1 billion FTN.
120 million FTN tokens were burned on October 26, 2023, to support the mainnet staking reward mechanism.
The circulating supply is approximately several hundred million tokens (specific figures vary slightly depending on the platform), and market trading is active.
Ecosystem Development Status
As of 2025, the project team disclosed that millions of wallet addresses had registered, and it was listed on more than ten exchanges.
Furthermore, FTN has been used as a payment or incentive token on 300+ websites or platforms.
Its ecosystem expansion includes NFTs, virtual worlds, game applications, and bridging other chains.
