What is the FTX Token (FTT)? How to buy FTT

What is FTX Exchange?

FTX is a derivatives exchange that supports futures, leveraged tokens and OTC trading.

FTX is backed by Alameda Research, a crypto liquidity provider. According to information in the project’s Whitepaper, Alameda has become the largest market maker and liquidity provider today. Alameda trades around $600 million to $1 billion per day depending on market volatility, accounts for about 15% of stablecoin trading volume globally, and ranks 4th in the BitMEX rankings.

Features of FTX exchange

The FTX exchange was created with the goal of solving the problems of top futures exchanges.

• Reduce clawbacks: Large amounts of user funds on other futures exchanges can be claimed as socializing losses. FTX minimizes clawbacks with a 3-tier liquidity model.
• Manage collateral and settle with stablecoins: on other futures exchanges, collateral can be fragmented into separate tokens and margin wallets. Derivatives trading on FTX will be processed with stablecoins in a margin wallet.

FTX exchange also owns the following groundbreaking new features:

• Leveraged tokens: allows users to place short or leverage positions without margin trading. For example, a trader wants to short 3x Bitcoin, they just need to buy 3x short Bitcoin leveraged tokens on FTX. Currently, FTX exchange has leveraged tokens BTC, ETH, EOS, USDT, XRP, BNB, TRX and LEO.
• USDT Futures: allows major crypto companies to mine USDT liquidity

FTT Token

FTT is the utility token of the FTX ecosystem. FTT has the following uses:

• Token Burn: 1/3 of the fee generated from the FTX exchange will be used to buy back FTT and burn these tokens.
• Reduced trading fees: reduce trading fees for futures contracts on FTX and reduce spreads for OTC trading.
• Collateral: FTT can be used as collateral in some futures positions.
• Socialized Gains: users earn social profits from FTX’s insurance fund.
• Leveraged token listing fee: applied to projects that want to create leveraged tokens.

Also, FTT can be staked to get below benefits:

• Increased referral bonus
• Reduced maker fees
• Right to join the lucky wheel and get free NFTs
• More votes
• Increased airdrop reward in SRM
• A certain time of free withdrawals per day
• Tickets to IEO

Specifications

• Ticker: FTT.
• Blockchain: Ethereum
• Token Standard: ERC-20
• Token type: Utility Token, Exchange Token
• Total Supply: 352,170,015 FTT
• Circulating Supply: 120,646,903.92 FTT (34%)

Token Allocation

FTX Tokens (FTT) will be allocated as follows:

• Company Tokens: 25%
• Liquidity Fund: 20%
• Team Tokens: 20%
• Fund Insurance: 5%
• Safety Fund: 5%
• Adviser Tokens: 5%
• Ecosystem Fund: 10%
• User Acquisition Fund: 10%

FTT token Price today

How to buy FTT

FTX Token (FTT) has been listed on Attlas Exchange.

Traders can easily and securely buy FTT with lowest fees on Attlas Exchange.

Step 1: Download the app and register an account

Step 2: Select Market on the toolbar at the main screen

Step 3: Select Spot

Step 4: Find FTT

Step 5: Select Buy

Summary

This article is an overview of FTX Token (FTT), not a financial advise.

Users are advised to do their own research before making any trading decisions.