What is FTX FTT token?

One of FTX’s key innovations was its FTT token. What Is FTT? FTT is an ERC-20 token issued on the Ethereum network. Much effort was put into making FTT less inflationary, with FTX regularly repurchasing FTT tokens and conducting FTT token burns.

Is FTT available on FTX?

In addition to the FTX exchange, FTT is available on Binance, Bitfinex, Huobi Global and AscendEX. However, FTT is not available on FTX.US. An Etherscan search shows that company tokens account for just shy of 52% of maximum supply, while 105 million FTT tokens are set aside for marketing, backstop liquidity and other insurance purposes.

What is FTT coin?

The FTT coin is an ERC-20 standard token which was released in July 2019. The maximum supply is capped at 350 million, with 138.76 million currently in circulation at $36.28, for a market capitalisation of $5.03bn. The FTT coin is listed at number 34 on the cryptocurrency market cap charts. So what is FTX Token coin used for?

What is FTT & how does it work?

FTT is applicable in the creation of leveraged tokens on the FTX Exchange; users can receive VIP discounts in the form of FTT depending on the number of coins they own, and it’s possible to earn rewards for providing liquidity through futures positions.