All-time High
$4.45
Jun 11, 2025
All-time Low
$0.39
Jan 20, 2023
Volume(24h)
$56.98M
Turnover rate
2.93%
Market Cap
$1.9438B
FDV
$4.5B
Circulating supply
$436.26M
Total supply
$880M
Max supply
1B
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https://ftnscan.com/
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https://basescan.org/token/0x1045971c168B5294aCbc8727a4f1C9e1AF99f6d0
https://arbiscan.io/token/0x1045971c168B5294aCbc8727a4f1C9e1AF99f6d0
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Community sentiment
26%
74%
Bullish
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About Fasttoken
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.
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.
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 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.
Fasttoken News
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These unlocks represent digital assets entering circulation, often from allocations made to early investors, team members, and community treasuries.
May 27, 2025 at 02:17 pm
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Digital assets worth $3.3 billion are set to enter circulation in June as vesting periods for several major projects expire.
May 26, 2025 at 05:34 pm
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According to crypto vesting tracker Tokenomist, $3.3 billion in tokens will be released in June, a 32% decline in unlocked tokens month-on-month.
May 26, 2025 at 05:36 pm
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The cryptocurrency market continues to surprise investors with fresh momentum, and some altcoins are standing out with impressive developments and growth potential.
May 24, 2025 at 11:11 pm
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The crypto market is gearing up for a major token unlock scheduled between May 12 and May 18, 2025, with the total value exceeding $209.9 million.
May 09, 2025 at 05:15 pm
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It's Easter. Traditional markets are closed in many parts of the world and plenty of people are taking a break from work, and that's keeping crypto markets in check as well.
Apr 18, 2025 at 07:16 pm
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Affected by the Good Friday and Easter holidays, the U.S., Hong Kong, European and Australian stocks are closed today
Apr 18, 2025 at 01:48 pm
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President Donald Trump's "reciprocal tariffs" announcement earlier this month drove the economic trade policy uncertainty index to a record high and sent investors away from risk assets
Apr 17, 2025 at 07:16 pm
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Cryptocurrency prices are down across the board over the last 24 hours amid a wider risk asset sell-off triggered by deepening U.S.-China trade tensions.
Apr 16, 2025 at 07:17 pm
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