Fastex made its official appearance on the Web3 arena in 2022 as an ecosystem that delivers multiple products and solutions in Web3, and so far has successfully completed 4 sale stages of its official cryptocurrency - Fasttoken (FTN), raising up to $23.2 million.
About two months before the initial exchange offering (IEO), that started on January 18, 2023, Fasttoken passed the first private sale stage exclusively offered to the company employees. The next two stages followed the private sale and were available for company partners and private investors. It is important to note that all the 10 million FTNs were sold out during the 3 days of the public sale, available at a price of €0.35 per token.
The funds raised during the token sale will be used for the advancement of all the sub brands that together build up the ecosystem, including Fastex Exchange, Fastex Pay, FastexChain, Fastex Verse, ftNFT marketplace and First Ticket. Moreover, about 100 partners and gaming providers have adopted FTN for their further operations, thus making the Fastex ecosystem and its solutions highly accessible for their network.
Fasttoken sale results loudly speak about the courage to go ahead and hit new records in the industry despite the market conditions and surrounding fear as investors still stick with Web 3 and its tremendous potential, which can inspire gaming companies to adopt Fastex ecosystem’s solutions and multi-layer infrastructure.