Market cap:$0
0%
FGI:0
0%
Cryptocurrencies:--
Markets:--
ETH Gas:--
English
USD
FTT ( Global )
$26.8526
-6.59%
$26.8526฿0.00126889
Low:$26.3515
High:$27.4805
Market Cap
$3,605,267,722.37
Volume(24H)
$113,097,740.12
All-Time Low$1.1321
All-Time High$84.4646
ROI1,547.35%
Circulating Supply
134,454,978 FTT
40.6%
Max Supply
352,170,015 FTT
Total Supply
331,217,886 FTT
24h
-6.59%
7d
-12.29%
30d
-8.66%
3mo
-10.63%
6mo
-36.92%
1y
-46.24%
All
- -
K Line
Trend
1d
1w
1mo
6mo
1y
3y
All
FTX Token (FTT) Intro

FTT is the backbone of the FTX ecosystem. We have carefully designed incentive schemes to increase network effects and demand for FTT, and to decrease its circulating supply.

The utility of FTT includes:

(1) Token Burn:One third of all fees generated on FTX will be used for an FTT repurchase, until at least half of all FTT is burned. Any FTT bought this way will be burned.

(2) Collateral:FTT can be used as collateral for futures positions. This increases utility and demand for FTT. The same applies when we launch margin trading in the future.

(3) Discount on Trading Fees:Customers who hold a certain amount of FTT for a period of time will receive lower FTX futures fees. This will further increase demand for FTT.

(4) OTC rebates:Customers who hold enough FTT will receive rebates from all of their OTC trading on FTX.

(5) OTC burn:There will be a repurchase and burning of FTT based on OTC volumes and revenue from the FTX OTC portal, powered by Alameda Research.

(6) Socialized Gains:We’ve performed backtests and live simulations to see how FTX will fare during large market movements. While other futures exchanges suffered from clawbacks, FTX managed to net increase their insurance fund by a sizeable amount thanks to its unique backstop liquidity provider program. For instance, during a recent market move, Okex incurred ~$3 million of clawbacks. Meanwhile, our demo simulation which mirrored positions on OKEx demonstrated no clawbacks and a net gain of a million to our insurance fund. We are confident in FTX’s ability to handle endangered accounts and will redistribute a portion of net insurance fund gains to FTT holders.

Base data
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