FTN (Fasttoken)

What is FTN (Fasttoken) by SoftConstruct? Get to grips with the latest ERC-20 cryptocurrency hitting the iGaming & sports betting industry. (Image from Courtesy of fasttoken.com)

The brand new Fasttoken, created by the BetConstruct sister company SoftConstruct, has been picked up by several major iGaming sports betting brands.

CreedRoomz, operating under SoftConstruct, has become one of the crypto’s early adopters.

Furthermore, BetConstruct has already made an official statement confirming that FTN is now its primary payment method, while in another news report the company has said that 20% of its partners have already purchased FTN. Harmony by Fastex 3.0, Aviatrix, Onlyplay and Endorphina are just some of the names touted by the company.

FTN uses the Fastex ecosystem as its official cryptocurrency operating via the Fastex chain. Via its SoftContruct curator, the coin has exposure to over 1 million users thanks to the brand’s 700+ partnership agreements operating across 20 iGaming and/or sports betting platforms.

What is FTN (Fasttoken)?

It is an Ethereum-based utility coin that follows the ERC-20 standards, and it uses the Proof of Stake consensus (PoS) mechanisms. Transaction processing occurs on the Fastex ecosystem. According to the Fasttoken website’s roadmap, market analysis and research began way back in 2017. Now the Fastex ecosystem is ready for its official Fastex Chain launch expected in January 2023.

Right now, stats show that there is a maximum supply of 1,000,000,000 with the initial circulating supply set to 530,000,000, so just under half the cap. Presale prices per token at € 0.15. With early adoption already widespread across online gambling and tech companies connected to the industry, it will be interesting to see how this crypto performs on the crypto price chats.

How to buy FTN (Fasttoken): Right now, on the Fasttoken website, there is an early adopter’s private sale with a limited supply available. I took the liberty of checking and right now there are 15 days remaining to get in on the early adopters’ sales.

FTN Timeline

  • Market Analysis and Research (Q4 2017)
  • Fasttoken Enters Its Token Presale Stage (Q3 2022)
  • Fasttoken Successfully Passed Hexens’ & CertiK’s Audit (Q4 2022)
  • Fastex Launches Fasttoken Private Sale First Phase (Q4 2022)
  • Fastex payments ecosystem launch (Q4 2022)
  • Fastex Chain launch (Q1 2023)
  • Decentralized sports platform launches on Fastex Chain (Q1 2024)

How will Live Casinos Adopt FTN (Fasttoken)?

Live casino FTN (Fasttoken) transactions will compete with other superfast and convenient cryptos used by live dealer crypto enthusiasts. Live dealer game platforms such as Evolution and Pragmatic Play Live already offer support for numerous cryptos including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dogecoin, Ripple’s XRP, and more.

DOGE and XRP are the cryptocurrencies of convenience for live casino players seeking out fast network speeds. BTC, BCH, LTC and ETH are slightly slower but due to their crypto market dominance, they are some of the most popular virtual currencies in live casinos today.
So how can FTN break onto the live dealer game scene?

  • Speed: When it comes to network speed, FTN will match, if not beat, the transaction processing times of competing ecosystems when it comes to transaction processing. However, that’s not all.
  • Gambling-Specific Solutions: Where this brand-new utility token really counts is its design to offer gambling-specific payment solutions. One of the key reasons behind the development of FTN is to offer gambling markets (online and offline) a fast single-wallet payment solution that also carries out regulatory checks.
  • Built-in KYC/AML Checks: For example, via the system’s unified account gamblers will already pass relevant KYC/AML procedures which will save them time having to go through these checks when becoming a new member of an online casino or sports book.

FTN (Fasttoken) Gambling Features

FTN (FastToken) Distribution
  • Set to challenge major cryptos in live casinos
  • Superfast blockchain processing times
  • Built-in gambling-specific solutions
  • Fast single-wallet payment solution
  • KYC/AML procedures built-in

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