The live price of FTX Token is - per (FTT / USD) with a current market cap of $408.72M USD. 24-hour trading volume is - USD. FTT to USD price is updated in real-time. FTX Token is -% in the last 24 hours with a circulating supply of 328.90M.
| Date Comparison | Amount Change | % Change |
|---|---|---|
| Today | - | 0% |
| 30 Days | - | 0% |
| 60 Days | - | 0% |
| 90 Days | - | 0% |
FTT, as the sole token of FTX, is used to support the entire FTX ecosystem. It has a carefully designed incentive mechanism to boost marketing, create network effects, increase market demand for FTT, and reduce its circulating supply.
Use cases of FTT include:
1) Token burn/profit sharing: Until half of the initial supply of FTT is burned, one-third of all trading fees generated on the FTX platform will be used to buy back and burn FTT. A portion of the rebates from FTX OTC trades will also be used for FTT buybacks and burns.
2) Collateral for margin: Users can use FTT as collateral for derivatives positions, increasing FTT's utility and demand.
3) Trading fee discounts: FTT holders who reach certain holding thresholds are eligible for discounted trading fees on derivatives.
4) OTC rebates: FTT holders with a sufficient balance can receive rebates on OTC trades. (FTX’s OTC desk does not charge fees.)
5) OTC buybacks: FTX will repurchase and burn FTT based on OTC trading volume and revenue.
6) Holder profit sharing: Back-end testing and simulation environments have shown that during periods of high volatility, the insurance fund often grows net-positive without socialized losses; part of the net income from the insurance fund will be distributed to FTT holders.
7) Future outlook: FTT is the only circulating token in the FTX ecosystem and serves as the backbone of FTX’s ecosystem strategy. In the future, FTT use cases will expand further as more digital asset derivatives are introduced on the platform.
Staking FTT grants the following benefits:
Increased referral commissions: Staking FTT boosts referral commission rates for inviters.
Maker fee rebates: FTT stakers receive rebates on maker fees (existing fee discounts remain).
Additional voting rights: Staked FTT grants extra voting power. Standard vote counts are based on FTT holdings and 30-day trading volume.
Additional airdrop rewards: Staking FTT gives access to more SRM airdrops (and other potential future airdrops).
Free blockchain withdrawals: Stakers can receive free daily ERC20 and ETH withdrawals.
We will buy back and burn tokens equal to:
33% of fees generated from FTX markets
10% of net additions to the insurance fund ("socialized gains")
5% of fees earned from other FTX platform usage
FTX will purchase FTT on its FTT/USD market. Purchased FTT will be burned weekly according to FTX’s schedule. Currently, buybacks usually begin at 10 PM HKT every Monday, and tokens are burned by 11:59 PM HKT on Tuesday. These figures exclude promotional discounts, payment processing fees, referral commissions, and third-party costs associated with such revenue.
The FTX Token to other currencies exchange rate?
