Although the blockchain is an open-source technology that doesn’t imply earning revenue, still, market participants with a corresponding stack of FTN tokens will be able to earn revenue through staking and validating the blocks that store the transactions on the blockchain. Whenever a block is validated, all validators for the given epoch that participated in the process earn a proportional fee, in exchange for their service.
Proof-of-stake systems preach that the higher stake you have, the more “voting power” you get. However, when considering a fair block creation reward distribution environment,its not fair to give the higher chance to the node that is simply “faster” or “richer”. Rather, we give the priority to the node that brings value to others by deploying smart contracts (or in other words creating apps) that users interact with. We have developed a variation of the proof-of-stake consensus, which involves taking into account the users’ activity with a smart contract (the software program that underlies any blockchain-based application) in addition to the stake, whenever considering the chance to become a block validator.
The activity parameter refers to the total amount of interactions the smart contract receives from a user (or a blockchain address), in a given time period. A given node can have more than one smart contract deployed on the blockchain, each of which may have a different amount of activity. Yet, the combined activity will count towards the chance of the given validator becoming the next block producer.
Validators will still need to stake a minimum amount of native coins (FTNs), but the bulk of the chance to become a block validator will be dictated by the amount of activity generated by your smart contract(s). Based on the combination of the stake and activity, the chance to become the next block validator is determined by our consensus algorithm, which is drastically higher than if you simply stake native coins.
Fasttoken has developed a tokenomics strategy to ensure the long-term sustainability of its ecosystem. This strategy involves the careful distribution of one billion coins among the founding team, advisors, strategic partners, and marketing activities. A significant portion of these tokens will be used to support the ecosystem, covering operational expenses. To ensure a stable and long-term network validation and rewards supply, 120 million $FTN coins have been reserved specifically for blockchain minting. To become a validator on the Bahamut blockchain, an individual must stake 8192 $FTN coins, which balances accessibility with a commitment to network security and efficiency.
Check more info here: https://docs.fasttoken.com/fasttoken-official-whitepaper.pdf
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