The private and public sale of Fasttoken (FTN), part of Fastex's ecosystem by SoftConstruct, raised $23.2 million. The public sale of FTN began on January 18 and was completely sold out in less than three days, after being offered to private investors beforehand.
FTN is the backbone of the Fastex economy, which includes Fastex Exchange, the NFT marketplace ftNFT, crypto payments through Fastex Pay, and the FastexVerse gaming metaverse. Over 100 gaming companies are already collaborating with Fastex, making FTN a key element in GameFi.
SoftConstruct co-founder Vigen Badalyan noted that they are focused on bringing the benefits of web3 to the gaming world and is grateful to their partners for choosing FTN as a gaming token.
FTN will be used for all Fastex services, and with the launch of Fastex Chain, it will be used for block validation and staking using the Proof-of-Staked-Activity (POSA) consensus.