FTX Token
Price
FTT
- Market Cap $1.1B
- 24h Volume $82.8M
- Circulating Supply 328.9M FTT
FTX Token Fundamental Analysis
FTX Token (FTT) is a cryptocurrency launched in 2019and operates on the BNB Beacon Chain (BEP2) platform. FTX Token has a current supply of 328,895,103.813207. The last known price of FTX Token is 3.9509367 USD and is down -17.70 over the last 24 hours. It is currently trading on 200 active market(s) with $152,165,047.44 traded over the last 24 hours.
What Is FTT?
FTT, or FTX Token, holds a significant position in the digital asset space, particularly within the framework of the FTX cryptocurrency exchange. As the native utility token of the FTX platform, FTT was created to contribute to various aspects of the exchange's functionality and growth.
Established in 2017 by Sam Bankman-Fried and Gary Wang, FTX sought to provide an advanced and innovative trading platform specifically for cryptocurrency derivatives. The introduction of FTT followed in 2019, serving as the native token to enhance user engagement and involvement within the FTX ecosystem.
How does FTT work?
Operating as an ERC-20 token on the Ethereum blockchain, FTT serves multiple roles within the FTX ecosystem. These include offering fee discounts to traders, acting as collateral for futures trading, providing voting rights in governance decisions, and facilitating participation in tokenized assets on the FTX platform. FTT's utility extends beyond the confines of the FTX exchange, allowing holders to utilize it across various crypto-related activities.
Value Analysis of FTT
FTT stands out due to distinctive features that contribute to its value proposition. It offers fee discounts, economically benefiting active traders on the FTX exchange. Additionally, its role in collateralizing futures trading positions adds a layer of functionality beyond simple transactions. The governance rights granted to FTT holders empower them to participate in decisions shaping the future of the FTX ecosystem.
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Release Time：
2019-07-31
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