Fasttoken is the official base currency that belongs to Fastex’s comprehensive web3 ecosystem consisting of many different solutions. Accordingly, this currency allows users to settle all types of business agreements on products and services belonging to the ecosystem.
To get more detailed information about Fasttoken and its ecosystem, why don’t you try spending some time following the latest content on AZcoin?
What is the Fastex ecosystem?
First, let’s briefly talk about the Fastex ecosystem, where Fasttoken belongs. Based on research, this is an ecosystem comprising various components. These components are specifically designed to provide a comprehensive range of services to users, such as:
- Fastex Cryptocurrency Exchange: Fastex supports instant cryptocurrency trading and OTC trading. This exchange accepts multiple cryptocurrencies and fiat currencies, offering different types of trading orders and trading APIs.
- Fastex Payment Ecosystem: This ecosystem provides seamless payment services for both online transactions and hardware devices, allowing users to switch between cryptocurrencies and cash through ATMs, while also enabling the use of the same wallet for both fiat and cryptocurrencies.
- ftNFT Marketplace: By connecting innovative solutions from the Fasttoken ecosystem and third-party artists, this platform ensures ownership and authenticity for each digital asset, providing safety and transparency to users.
- FastexVerse: A unique metaverse platform where users can interact with the Fastex digital world through 3D avatars built on the PandaMR B2B metaverse platform to provide a seamless experience when accessing Fastex products and services.
- Web3 Gaming Hub: This application consolidates gaming activities and assets within the Web3 ecosystem, allowing users to experience multiple Web3 games simultaneously. It is also integrated with the Fastex exchange and ftNFT marketplace, making it easier for users to trade cryptocurrencies and NFTs.
What is Fasttoken?
Fasttoken, often abbreviated as FTN, is an ERC-20 token standard on Ethereum and operates within Fastex’s Web3 ecosystem, which we’ve discussed earlier. However, this token was initially developed to function as a utility token within the SoftConstruct ecosystem.
Later on, Fasttoken is expected to become the main native token for Fastex Chain’s ecosystem, supporting block validation mechanisms and staking.
Additionally, this token will also be used for cross-chain activities, such as transferring tokens between the Ethereum mainnet and Fastex Chain.
Fasttoken’s development team and partners
Development team
According to information shared directly from the platform’s official website, Fasttoken is backed by a large and dedicated team. Some of the key figures you should pay attention to are:
- Armen Chakhoyan: Serves as the Head of the Project.
- Vladimir Ighitkanyan: Serves as the Development Team Lead.
- Stepan Harutyunyan: Serves as the Product Manager.
- Pavel Aramyan: Serves as the Blockchain Program Lead.
- Aram Jivanyan: Serves as an advisor to the project.
Partners
In addition to the shared information about the core development team members, we also learned about the project’s major partners, which include prominent names such as Mlg, Feedconstruct, Ucraft, Hexens, Certik, and Factgroup.
Basic information about Fasttoken
Specifications
- Token Name: Fasttoken
- Ticker: FTN
- Blockchain: Ethereum
- Contract: 0xaeDf386B755465871fF874E3E37Af5976E247064
- Total Supply: 1.000.000.000 FTN
- Circulating Supply: 880.000.000 FTN
Distribution rate
Currently, Fasttoken is being allocated according to the following specific ratio:
- Ecosystem: 24%
- Founder: 20%
- Private sale phase: 18%
- Blockchain: 12%
- Marketing & PR: 10%
- Presale: 6%
- Partners: 6%
- Advisor: 3%
- Public Sale: 1%
Fasttoken Use Cases
Currently, Fasttoken is only being used to pay for services and utilities included in the platform and is expected to expand further.
Where to trade Fasttoken?
If you want to look for a place to make Fasttoken transactions, the best crypto exchanges we can recommend for you are Gate, Bitget, MEXC,…
Besides, if you already own this type of token and need a safe place to store it, here are some suggestions for you: Metamask, Trustwallet Wallet, Connect,…
Conclusion
So we have come to the end of all the interesting content surrounding the Fasttoken topic this time. Thank you for taking the time to follow and hopefully we will see you again in newer content at AZcoin.
I am Tony Vu, living in California, USA. I am currently the co-founder of AZCoin company, with many years of experience in the cryptocurrency market, I hope to bring you useful information and knowledge about virtual currency investment.
Email: [email protected]
