FTX is a digital asset derivatives exchange established in 2019. Its platform services include contract trading, leverage trading and automated OTC services. The founder and CEO of FTX, Sam Bankman-Fried, was engaged in the counter trading of traditional capital international ETFs in the early days. Therefore, it is said that FTX was created and served traders.
FTX is an exchange specializing in derivatives trading. Although the spot trading market has been very mature, the creation of the derivatives trading market is still very early. For derivatives, product strength and liquidity determine the development of derivatives, and these FTX happen to have.
In addition to spot and futures, the products are also equipped with financial derivatives such as options, volatility products, leveraged products, forecast cumulative market, equity tokens, leveraged ETFs, mixed margin, etc., which also attract market attention and fire protection of other platforms. A variety of derivative products have attracted wide attention from institutional investors.
FTX exchange adopts the "three-level clearing model", that is, real-time monitoring of users' deposits and positions, liquidity alliance support, and setting up risk guarantee funds to avoid allocation to the maximum extent and ensure users' revenue.
The full name of FTT is FTX token, which is the native token of the FTX platform.
How does FTX (FTT) Work?
FTT is the only circulation token in the FTX ecosystem. In the ecosystem, the supply can be adjusted in the form of platform burning / profit sharing. According to the official statement, before the total burning of FTT tokens on the platform is reduced to half of the initial issuance, one third of all handling fees generated on the FTX platform will be used to buy back and burn FTT. Part of the trading rebate on FTX OTC will also be used to buy back and burn FTT.
The more handling fees, the more repurchases and burning, which also means that the platform is more stable and more powerful for the subsequent price rise of FTT.
Meanwhile, as a token, it can also empower the value of FTT by improving more application scenarios. For example, holding a certain amount of tokens can enjoy preferential discount service fees, obtain OTC rebates and other benefits. Through the incentive mechanism, it can improve the market's recognition and holding of FTT and reduce its circulation supply.
What is FTX (FTT) ?
The full name of FTT is FTX token, which is the native token of the FTX platform. Holding FTT in the FTX ecosystem can participate in staking and share the value growth brought by repurchase and burning.
Staking FTT can enjoy the following interests:
Get a higher proportion of invitation rebates, get a reward for pending orders, extra voting rights, extra rewards for airdrop, and free of blockchain fees.
FTX (FTT) Crypto Wallet
In addition to placing FTT in the Gate.io exchange to facilitate trading, FTT can also be placed in a crypto wallet.
FTX Pay is a wallet officially created by FTX, which enables merchants to enjoy more convenient services when receiving payment. When using this payment method, merchants can get more detailed information about payment, including through the API. Meanwhile, if you transfer between two FTX accounts, you do not need to consider trading costs, which is more convenient and preferential for users.