Fasttoken

The Bahamut project, with its native coin FTN, is a public layer 1 EVM-based blockchain solution. It introduces a unique consensus called PoSA - Proof of Stake and Activity. The 'Activity' aspect is measured by the amount of gas spent by users when interacting with smart contracts deployed by validators. A higher gas usage equates to more opportunities for the validator-deployer to become a block producer in future epochs.

Unique Features

The primary uniqueness of Bahamut lies in its PoSA consensus. This innovative approach allows businesses to monetize their user base while maintaining the transparency and integrity of the web3 space.

Project History

FTN was initially an ERC20 token within the SoftConstruct and Fastex ecosystems. However, following the launch of the Bahamut mainnet on May 3, 2023, with FTN as its native coin, a migration process from Ethereum to Bahamut began and continues to this day.

Future Plans

Bahamut's infrastructure continues to expand steadily. Users can anticipate decentralized exchanges, various apps, bridge services, among other essential aspects being available on Bahamut before year-end. Additionally, the Bahamut grant program is underway, inviting all who aspire to contribute towards building a better decentralized future.

Token Utility

The FTN token serves multiple purposes; it functions as a gaming token across various providers and also acts as the native coin for the Bahamut network.

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