Blockchain
SoftConstruct-Incubated Fastex Raises $23.2M in Record-Breaking Fasttoken Sale
Tortola, British Virgin Islands–(Newsfile Corp. – February 1, 2023) – Fasttoken, part of the Fastex web3 ecosystem incubated by SoftConstruct, has raised $23.2 million after completing its private and public sale of Fasttoken (FTN). The official cryptocurrency of the Fastex ecosystem, FTN was made available to the public on January 18 in a token generation event that sold out within 3 days. It was preceded by a strategic sale of FTN to private investors.
Image 1
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8506/153178_78a77c2ea4340aad_001full.jpg
FTN is at the heart of Fastex’s web3 economy which will include ftNFT, an NFT marketplace; Fastex Pay for crypto payments; FastexVerse, a gaming metaverse; and aFastex Exchange for spot trading. More than 100 gaming providers have partnered with Fastex already, with FTN set to play a pivotal role in powering their GameFi titles.
SoftConstruct Co-Founder Vigen Badalyan said, “We’re excited for the next phase of growth for Fasttoken and the Fastex ecosystem. Our goal has always been to bring the benefits of web3 to game players and our gaming partners and we’re laser-focused to make that happen. We are also immensely grateful to the more than 100 gaming partners who have chosen to adopt Fasttoken as their in-game token.”
An all-in-one gaming ecosystem, Fastex incorporates an EVM public chain with a suite of DeFi primitives that support everything from trading to saving. Unified wallet accounts ensure users only need to submit KYC details once to access the full spectrum of on-chain applications.
FTN will serve as the utility token for all of the web3 products and services operating under the Fastex banner, including B2C and P2P payment solutions. The launch of Fastex Chain will enable FTN to be deployed for staking and block validation, securing the entire network using a novel Proof-of-Staked-Activity (POSA) consensus.
About Fasttoken
Fasttoken is the utility token of the Fastex ecosystem. FTN can be utilized by game developers to power an array of original web3 games. Over 100 developers have already partnered with Fastex, giving FTN instant utility as the native token within their games and metaverse applications. FTN will form the onramp that introduces players to the world of web3.
As the native token of Fastex Chain, a Proof of Staked Activity blockchain solution, FTN will also support staking, block creation, validation mechanisms and rewards to create a highly secure environment for web3 innovation.
Learn more: https://www.fasttoken.com/
Contact name: Nareg Chaghlassian
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/153178
Blockchain
Streamex and BioSig Announce the Successful Closing of Share Exchange Transaction and Executive Leadership Changes Bringing a First-Mover Real World Asset Tokenization Company to the Nasdaq
Blockchain
USA Tariffs and Impact on E-Commerce, Payments, and Cross-Border Trade Analysis Report: Chinese Cross-border Sellers are Struggling with Rising Costs
Blockchain
Velocity comes out of stealth with $10M to power the Velocity of Money
-
Blockchain Press Releases6 days ago
CM Global Services (CMGS) Secures Exclusive Multi-Year Logistics & Procurement Partnerships with Compass Mining and NovoMod
-
Blockchain Press Releases6 days ago
WSPN Launches New Website, Unveiling Enhanced Vision for Next-Generation Stablecoin Infrastructure
-
Blockchain Press Releases5 days ago
Compass Mining Partners with Synota’s “Impact Mining” Initiative to Transform Bitcoin Hashrate into Community Impact
-
Blockchain Press Releases5 days ago
Bybit Card Rolls Out New Lucky Draw for Guaranteed Wins Including a Tesla
-
Blockchain5 days ago
BioSig Technologies, Inc. Signs Definitive Share Exchange Agreement with Streamex Exchange Corp. to Launch First-Mover Real-World Asset (RWA) Tokenization Company Bringing Commodity Markets On-Chain.
-
Blockchain6 days ago
From Onboarding to Settlement in Minutes: TransFi Launches BizPay to Redefine Global Business Payments
-
Blockchain6 days ago
Freeman Quantitative Trading(FQAI) 5.0 Is Coming—Ushering in a New Wave of Intelligent Investing
-
Blockchain6 days ago
Simplify Labs Expands Educational Outreach with Monthly Crypto Webinars