Fasttoken is a utility coin that SoftConsult partners use to transact with others. It runs on the Ethereum blockchain as an ERC-20 token, where it works in e-commerce, AR, VR, and supply chain management. The costs of transacting with the cryptocurrency are much cheaper than the base blockchain technology.
FTN coin has a large support community and ready users from the SoftConsult network. These users have contributed to its growth and popularity around the globe. SoftConsult also offers users of the coin incredible benefits for using the coin and working on the network. Lucky Roo Casino is one of the crypto iGaming sites that uses the token as a transaction method.
A Bit About Fasttoken
Fasttoken (FTN) can be described as a utility coin used for completing transactions, supply chain management, and applications like AR and VR. SoftConsult started the project as the native coin for the Fastex ecosystem and network.
It continues to curate and manage the coin to this date. The network involves technology-related and gaming activities and transactions among SoftConsult partners.
This coin is used on the network to complete various transactions and as a payment for conducting various activities. Currently, there are over one billion coins in circulation. However, at the start, there were only 470 million coins in circulation.
Fasttoken is an ERC-20 coin that runs on the Ethereum network. This means it has the security features that you will find in the Ether network. However, the coin transactions are cheaper and faster than the mother network. As an ERC-20 coin, it is ideal for buying and selling goods and services as well as running some smart applications.
This coin is decentralized and uses blockchain technology for security. Users hold the coin to run and manage smart contracts, such as when raising capital, securing digital assets, and transferring property. The uniqueness of the coin generally comes from its support network of over one million partners in its system.
Utility of Fasttoken?
The utility coin is used across several industries for different applications. E-commerce companies use the coin to settle business transactions instead of fiat currencies. All users on the SoftConsult network also use FTN as a means of payment, gambling, and service.
Fastex Network has a rewards program where users can benefit from either holding or using FTN for daily and monthly activities. Besides, the coin fuels blockchain-based and related apps within the ecosystem and works as its native currency.
FTN is also a native coin for Bahamut solutions. Here, companies use it as a staking and validation reward currency. Users of the Fastex network use the coin to access various products in the ecosystem.
Fasttoken Price detailsETH Contract address: 0xaeDf386B755465871fF874E3E37Af5976E247064
›› Details & Tokenomics
Advantages of Fasttoken+ FTN is a utility coin that can be used in various transactions
+ The coin is supported by a reputable IT giant and community
+ Popular on some crypto casino websites
+ Fasttoken creates and issues smart contracts on the Ethereum network
+ FTN transaction costs are lower than those of base blockchain currency
Disadvantages- Fasttoken was established in 2023 and is not time-tested
- The utility coin doesn’t have lots of support outside the Fastex network
- This coin has not been growing as fast as the base currencies
- FTN is yet to see many real utility transactions outside of gambling
Costs▪ Rated at 9.5/10
Fasttoken transaction costs vary from one transaction to the next. However, the costs vary from 0.05% to 0.1% of the transaction value.
This is much lower than the cost of transacting on the native Ethereum network. The factors that cause changes in the price include network congestion and the value of the transaction.
Reputation and Buzz▪ Reputation rated at 8.5/10
▪ Buzz rated at 8.5/10
Despite starting early in 2023, Fasttoken already had a huge market thanks to the supporting company. SoftConstruct is one of the leading IT consulting firms in the world. It works with over one million direct partners. These partners work with over 40 million users, partners, and clients. The Fastex ecosystem also has a huge community that conducts various activities such as gaming, money transactions, and managing digital assets. This entire audience base has played a role in enhancing the positive reputation of Fasttoken.
It is also responsible for the high organic growth of the coin. The buzz across the world about the coin is responsible for the increase in coins from 470 million at the establishment of the coin to the current one billion coins.
The coin is also featured on the crypto gambling website, Lucky Roo Casino, as discussed above. This site was launched in summer 2023 and the coin will likely be a key part of its payment ecosytem going forward.
What does SoftConsult do in the world of IT?
SoftConsult is a leading IT solution provider in diverse disciplines. It offers solutions in the areas of Web 3.0, AR, VR, and gaming. It also offers software solutions in the world of supply chain management, finances, and e-commerce. FTN works in various applications that this organization handles.
Can I use Fasttoken in regular transactions?
Yes, you can use Fasttoken in your regular transactions. The con is an ERC-20 token supported by the Ethereum blockchain. Users with compatible wallets can use the coin as a form of payment for goods and services. The value of the coin depends on market forces at the time of the transaction.
What is the SoftConsult Crypto Reward Program?
The SoftConsult Crypto Reward Program is a system put in place to encourage users to hold and use FTN. This program covers users, operators, affiliates, and partners who use the coins. They are eligible for exclusive benefits such as discounts, coins, and other offers within the network. The amount and type of benefits are based on their activity.
What is an ERC-20 coin?
ERC-20 coins are separate assets created within the Ethereum blockchain. They run on the network but have significantly lower costs and faster transactions. ERC-20 tokens can both be crypto coins and standards used for creating and issuing smart contracts within the blockchain.
History of Fasttoken
January 16, 2023 - Fasttoken (FTN) is established by SoftConsult and licensed in Lithuania. The company aims to use it as a native currency for Bahamut and the Fastex network. It will also serve as a utility coin in the network.
January 18, 2023 - Fasttoken conducts its initial exchange offering (IEO). It sells the tokens at 0.35 euros each. All those coins purchased during the IEO were released to their buyers immediately.
May 2023 - SoftConsult receives independent audits by Hexens and Certik. These companies assure the public that the network as well as the token are safe, legitimate, and secure.
June 2023 - SoftConsult expands Fasttoken (FTN) usage across the ecosystem. It can now be used for creating and issuing smart contracts. The first smart contracts are in supply chain management, AR, and VR.