Buy Fasttoken (FTN)
What is Fasttoken?
Fasttoken (FTN) is the native cryptocurrency of the Bahamut blockchain, which is a public EVM-based layer 1 solution. It functions primarily as a utility token, facilitating staking, block creation, validation mechanisms, and cross-chain operations within its ecosystem.
How does Fasttoken work?
Fasttoken operates on the Fastex Chain, an EVM-compatible blockchain that utilises the Proof-of-Staked-Activity (PoSA) consensus mechanism. This consensus model enables a fair distribution of block validation rewards among participants. Smart contracts on Fastex Chain permit the execution of programmable transactions and facilitate the creation of decentralised applications (DApps). A notable feature involves Fast Channels, which enhance scalability by moving certain processes and data transfer off the main blockchain.
What are the potential use cases for Fasttoken?
Fasttoken has diverse use cases, including:
- Integration into a unified payment system supporting both fiat and crypto transactions.
- Enabling DApps through smart contracts, which can be applied in finance, gaming, and more.
- Utilisation in gaming and e-commerce platforms for payments.
- Incorporation into cross-chain operations and a fiat-to-crypto gateway, aiding token transfers across networks.
- Facilitating transactions in the ftNFT marketplace where NFTs are bought, sold, and traded.
What is the history of Fasttoken?
Fasttoken's journey began with its founding by Vigen Badalyan in 2017, under the umbrella of Fastex. Initial phases involved developing blockchain-based games and building the Fast Channel protocol. Over the following years, Fasttoken accomplished significant technical and market milestones, launching the Fastex Chain and conducting successful token sales. It has provided solutions like cryptocurrency exchanges, unified payment systems, and a decentralised platform for smart contracts, solidifying its market presence and technological foundation.
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Frequently Asked Questions (FAQs)
What is the current price of Fasttoken (FTN)?
The Fasttoken price is $5.3637 AUD, representing a +2.55% from the day prior.
Where is the best place to buy Fasttoken (FTN) in Australia?
The best place to buy Fasttoken (FTN) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Fasttoken (FTN) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Fasttoken (FTN)?
The trading volume of Fasttoken (FTN) is $38.4M AUD in the last 24hrs, representing a +2.55% from the day prior.
How can I buy Fasttoken (FTN)?
Fasttoken (FTN) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Fasttoken (FTN)?
The current market cap of Fasttoken (FTN) is $2.3B AUD.
Can I convert Fasttoken (FTN) to cash?
Yes - With Coinstash you can convert your Fasttoken (FTN) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Fasttoken (FTN) are there?
The current circulating supply of Fasttoken (FTN) is 427.0M.
Is Coinstash a safe place to buy Fasttoken (FTN) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Fasttoken (FTN) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.