What is FTX token (FTT)?

FTX Token (FTT) is the exchange token of the FTX ecosystem and will serve as collateral for futures positions, getting discounts on trading fees, receiving OTC rebates and more. The FTX trading platform provides leveraged tokens, OTC and futures trading, and plans to become the top crypto derivatives exchange in the blockchain world.

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?

Where can I buy FTT (FTX)?

FTT can be found on Ethereum, Solana and Binance Chain blockchains. Besides FTX, FTT is also listed on exchanges like Binance, Bitfinex and Huobi Global. FTT is a token, not a coin, so it cannot be mined. However, holders and stakers can earn rewards. As of May 2022, FTX offers trading discounts of 3% for holders of more than $100 worth of FTT.

How does FTX work?

By purchasing a white label version of FTX’s OTC portal and futures market, institutions and investors pay expenses in FTT tokens; By creating leveraged tokens, projects can pay listing fees with FTT; Users can stake FTT to benefit from discounts, bonus votes, and blockchain fee waivers.