➢ Why are Faxt coins pre-mined?

Faxt miningAnother thing that is different about Faxt is that the supply of coins will be pre-mined, unlike many other Crypto currencies that are mined only as and when the demand is there. For example, sometimes Bitcoin transaction can take many hours to reach your wallet, yet sometimes just a few minutes.The pre-mined method ensures that the payment validation is already in place and therefore enables much faster sending and receiving of transactions.

This lends itself very well to helping with the overall speed of the entire Faxt payment system.
This method of mining also plays a big part in helping to keep the transaction fees at their lowest.


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