The public sale for Fasttoken (FTN) has officially come to an end on January 20th, with the token being sold at an initial price of 0.38 USD. However, shortly after the public sale, the price of FTN has already risen to 0.40 USD. This marks the first major milestone for the Fastex ecosystem and its official cryptocurrency, FTN.
The Fastex Chain, the blockchain network for the ecosystem, is set to undergo testing during February, with FTN serving as the native token for the platform. The Fastex Chain will be introducing a new consensus mechanism called Proof-of-Stake-and-Activity (POSA), which takes the traditional proof-of-stake mechanism to the next level. This new mechanism prioritizes network participants who focus on providing value to their users via consistent block rewards. The larger the customer base, the larger the effective activity, and, the bigger the share.
With the launch of the Fastex Chain and the use of FTN as its native token, the Fastex ecosystem is poised to revolutionize the way we think about and use blockchain technology. The added value provided by POSA, along with the potential use cases enabled by the Fastex Chain, make FTN an exciting opportunity for those looking to be a part of the future of blockchain technology. With the public sale now closed, those interested in obtaining FTN can do so through Fastex Exchange.
Fastex ecosystem operates as a branded house for Fastex products, including Fastex Verse, ftNFT marketplace, Fastex Chain, Fastex Pay crypto payment system, Fasttoken and Fastex Exchange crypto & exchange platform.
Opening up a large amount of users and more than 500 partners, Fastex aims to provide effective solutions for businesses and communities and make Web 3.0 technologies more accessible than ever.
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