Fasttoken
Crypto Overview
Overview
Fasttoken (FTN) is a cryptocurrency developed by Fastex, designed to serve as the utility token for their blockchain gaming and betting platform. The token is primarily used within the Fastex ecosystem for gaming transactions and betting activities.
Purpose and Utility
The primary stated purpose of FTN is to facilitate transactions within the Fastex gaming ecosystem, including betting activities and casino-style games. The token is actively used for these purposes on the platform.
Business Model Analysis
The core business model revolves around gambling and betting activities. The platform offers various casino games and betting options where FTN serves as the primary medium of exchange.
Real-World Adoption
The token has achieved adoption within its intended ecosystem, primarily being used for gambling and betting activities on the Fastex platform.
Development Activity
The project maintains active development, with regular updates to their gaming platform and ecosystem. However, the development is focused on expanding gambling-related features and capabilities.
Token Distribution and Governance
While the token distribution information is available, the primary concern from an Islamic finance perspective is not the distribution but rather the fundamental nature of the token's utility.
Crypto Impact
To assign a comfort level investing in Fasttoken from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Fasttoken.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.