FasTToken (FTN), the official cryptocurrency of SoftConstruct, is poised to revolutionize the tokenized economy. This digital currency will enable all partners and end-users within the extensive SoftConstruct network to benefit from a seamless ecosystem where transactions and business arrangements can be conducted effortlessly using FTN. Built on Ethereum’s ERC20 standard, FTN’s token sale, whitepaper release, and distribution details will be unveiled in the coming month. This significant approval grants FasTToken the legal authority to engage in various financial activities, including issuance, cancellation, registration of depository certificates, securities trading mediation, and more.
Embracing the Future:
Vigen Badalyan, CEO, and Founder of FasTToken, emphasized the vast potential of this initiative within the ever-evolving crypto industry. He highlighted the importance of securing approvals from influential regulatory bodies, particularly from Abu Dhabi. This milestone not only bolsters FasTToken as a business entity but also reflects positively on SoftConstruct, its parent company, reinforcing its position as an industry leader.
Diverse Financial Activities:
The granted approval encompasses a spectrum of financial activities:
Issuance, Cancellation, and Registration: FasTToken is authorized to perform activities related to the issuance, cancellation, and registration of depository certificates and associated rights.
Securities Trading Mediation: FasTToken can facilitate securities trading operations by receiving trading orders for non-regulated derivative contracts (OTC Derivatives) and spot market currencies (Forex Spot Market). Furthermore, it can execute these orders and oversee clearing and settlement operations related to their implementation.
Programming Electronic Currencies: The approval extends to entities engaged in designing, creating, and programming electronic currencies. This includes the encryption of currencies using programmed codes to ensure they cannot be counterfeited.
FasTToken’s approval to engage in a wide range of financial activities marks a significant step toward fostering a robust tokenized economy within the SoftConstruct ecosystem. As the official cryptocurrency, FTN holds the potential to streamline transactions and enhance security, ultimately benefiting partners and end-users alike. With its legal backing and commitment to excellence, FasTToken is poised to play a pivotal role in the future of digital currencies and financial ecosystems. Stay tuned for further updates on the upcoming token sale and distribution of FTN.