As part of your change of Ethereal to an innovative new blockchain with a unique consensus mechanism, Fasttoken (FTN) will go on sale to the public on January 18.
FTN is the native token of the Fastex ecosystem, which includes a crypto payment system, an exchange, a metaverse solution, and an NFT marketplace.
Fastex aims to become one of the leading tokens in the web3 gaming space by integrating the token with more than 700 gaming partners. By the end of January, Fasttoken is expected to be usable in hundreds of games developed by more than 100 game creators. Fastex claims that its offering will allow gaming enthusiasts to enter a secure web3 ecosystem, with vetted partners and easy on and off.
All products in the Fastex ecosystem are being moved to the new Fastex chain, which uses a patent-pending consensus mechanism: Proof of Activity Staking (PoSA).
What is Proof of Participation and Activity?
Blockchains running on the proof of participation The consensus (PoS) mechanism requires users to stake their cryptocurrency to help validate transactions and secure the network, receiving a reward for doing so.
Under the Fastex Chain PoSA system, what matters is not only how much a user is willing to stake, but also their activity. actions on smart contracts they are taken into account when considering the chances of becoming a block producer or validator, and subsequent rewards are also distributed on this basis. Fastex says this maximizes the user's opportunity to earn money through the chain.
“Fastex Chain enables developers, builders, and enterprises to build and scale decentralized applications on this rewarding platform, fostering growth in user activity and high value,” the company said ahead of launch.
The project has been developed by SoftConstruct, a technology company that previously created companies such as betting software provider BetConstruct, website builder Ucraft and metaverse PandaMR platform.
For public sale, FTN will be priced at €0.35 ($0.37) each, capped at 60 million FTN
being issued.
Two pre-sale rounds have already been successfully held, one for SoftConstruct employees and partner companies, and one for partners and private buyers.
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