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Exchange

What is the FTT coin used for?

How the FTT coin is used on FTX exchange. FTX is a Hong-Kong based cryptocurrency exchange created by Sam Bankman-Fried.

FTT coin

FTT is the utility coin for FTX exchange.

FTT coin is used for

  • Lower fees when using the exchange
  • Perks

How could value accrue to FTT coin?

Holding

  • Incentive to hold tokens for traders and users of FTX.

Locking

  • Staking for perks

Buyback and Burn tokens

The same amount as:

  • 33% of fees on FTX
  • 10% of insurance fund
  • 5% of fees earned from other uses

What is FTX?

FTX is a Hong-Kong based cryptocurrency exchange created by Sam Bankman-Fried.

How it works

On FTX users can trade coins, tokens, derivatives and futures. FTX also powers the Blockfolio app which now has enabled trading.

Fee rebates in tiers

  • Holdings of: $100 – $5 000 000.
  • Fee discounts: 3% – 60%

Staking

  • Referrers that stake get a higher % of the referred users fee.
  • Waived blockchain fees when withdrawing
  • Airdrop
  • NFT swag
  • Tickets to IEOs

Exact numbers and percentages here.

Serum Airdrop

500 tokens to participate in SRM airdrops.

Unstaking

Unstaking takes 14 days.

Token Isssuance

Circulating supply: 116,229,824 tokens
Total supply: 350,000,000 tokens.  175,000,000 are company tokens that unlock over a three year period.

FTT Tokenomics

  • 50% FTX
  • 20% Presales
  • 30% Other unsold*

Breadown*

  • 5% – Backstop Fund
  • 5% – Safety Fund
  • 20% – FTT Liquidity Fund
  • 20% – Team Tokens
  • 5% – Advisor Tokens
  • 25% – Company Tokens
  • 10% – Ecosystem Fund
  • 10% – User Acquisition Fund

FTT Presale

  • Round 1: $0.10-$0.20 – 50m tokens
  • Round 2: $0.20-$0.60 – 6.5m tokens
  • Round 3: $0.60-$0.80 – 2.8m tokens

Docs

Similar projects

FTT coin price

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