First published 23 January 2023, two days after the token became tradable. Expanded in October 2026 so a burn is not described as a destroyed cap, and so an exchange balance is not described as the coin. Fasttoken is the fee on Bahamut, a chain the Fastex group shipped. The whitepaper names SoftConstruct as the company group behind that ecosystem. A company is not the chain. The sale finished on 18 January 2023 and raised 23.2 million dollars across its stages. Ten million FTN were sold in the public stage at 35 euro cents. The token became publicly tradable on 21 January 2023.
The sale document issued 1 billion FTN and said no further mint was planned beyond that issuance. That is the sale document. On 26 October 2023 the project burned 120 million and said those coins would be minted again as validator rewards. A page that still says 1 billion, with nothing ever minted after, is the earlier sentence. A price times 1 billion is not the live count. FTN started as an Ethereum token. Bahamut’s mainnet, called Sahara, opened on 3 May 2023, and the project said FTN would become the native coin. An Ethereum FTN is not a Bahamut FTN. The wrong network is still the wrong city.
Fastex is an exchange in that group. A balance on the exchange is an IOU. An exchange balance is an IOU, not a wallet. What is BNB? is a different exchange’s token. FTN is not a share of Fastex, and it is not BNB. Staking on Bahamut is a lock that can pay new FTN. Staking is a lock and a queue, not a savings account. This page will not walk through a validator. Nothing here is an instruction to stake, to bridge, or to buy FTN.
