FTX Token (FTT) is the native token of FTX Exchange. FTT is the official token of the FTX cryptocurrency derivatives exchange. With this token, you pay fewer FTX trading fees, receive socialized gains from the insurance fund, you can buy and burn your fees weekly. FTX is backed by Alameda Research, a cryptocurrency liquidity provider, and Binance, a leading cryptocurrency exchange, invested in FTX in December 2019. The project links FTX to a platform powerful enough for professional trading firms and intuitive enough for first-time users.
Introduction
Crypto world is full of scammers and ponzi schemes that manage to rake in some money by pretending to deliver fast results. There are a few legitimate projects but they still have to be thoroughly investigated before one can come to a proper conclusion. In this article, we’ll provide some insights on the biggest project in the world of crypto trading, FTT exchange platform.
This project is already a global movement which won first place in the December 2018 Binance ICO Challenge by gathering in total 1,289,928 ETH. It has accumulated a massive amount of supporters. This is a strong indicator of future expansion, from the experience of Binance.
What is the FTX Token?
FTT is the native token of FTX Exchange, it will be used in the derivatives market.
FTT is the official token of FTX cryptocurrency derivatives exchange.
FTT is backed by Alameda Research, a cryptocurrency liquidity provider, and Binance, a leading cryptocurrency exchange, invested in FTX in December 2019. The project links FTT to a platform powerful enough for professional trading firms and intuitive enough for first-time users.
What are the Futures?
The FTT futures are derivatives exchanges for cryptocurrency. The Futures price is currently at 0.02225 and as we are in the beta phase, we make sure we understand and explain the technology behind the derivatives before launch. So FTT users can relax and wait patiently for FTX Launch, which is expected to be in March 2019.
How is FTX different from other cryptocurrencies?
FTT gives trading power to the end user.
Masternodes function as intermediaries and guarantee your investment in the insurance fund.
Only 54 million FTX are available, after the crowdsale, 55 million tokens are available.
Fee burn allows buying your fees in monthly increments.
How many tokens are there?
Token is sold through a crowdsale, for currently 13,086,000 FTT
Who owns FTX?
Alameda Research
Binance
50,000,000 tokens were distributed through the pre-sale.
How do I trade FTT?
To begin trading FTT, follow these steps:
Search for FTT at Binance or trading website of your choice on your favorite platform such as, https://t.me/btcgul, https://t.me/litecoin, https://t.me/fantomask, https://t.me/jettrq, https://t.me/bkuil, etc. If you are on https://t.me/tokensale or https://t.me/fantomask then you can participate in token sale with a minimum purchase of 0.001 ETH. First deposit a minimum of 0.001 ETH, then use ERC20-compatible wallet or Web3 compatible wallet (MEW).
There are various trading platforms to follow, such as Bittrex, GDAX, Binance, Cosshub, Upbit, Bittrex. If you are not on any of them, you can install Simple Trade on your desktop or mobile.
How to use FTX tokens?
Trade FTT on Binance.
What is the FTX Insurance Fund?
The insurance fund is used by users to build a significant fund to protect their losses. The money comes from the fees users pay on the exchange and is distributed equally to all registered users after the fund reaches the goal. This fund is not guaranteed, but, unlike most insurance funds, users won't be required to pay a large premium. The premium will be derived from the profit from transactions that happen on the exchange and the interest rate of the exchange collateral. The exchange collateral will consist of marketable cryptocurrency assets. The insurance fund is a part of the blockchain to ensure the preservation of user funds. This ensures the security of the funds by guaranteeing the coverage against accidental loss, hacking, and theft of user funds.
How do I buy FTT with US dollars?
You can buy FTT directly on the exchange or buy tokens from other exchanges. For the first one, you need a US bank account (Fiat, US Dollar, or bank transfer only). These will be updated soon.
Alameda Labs is always keeping the best terms for the token. You will find them here:
FTT’s global distribution, easy-to-understand system of investing and smart contracts provide you with a lot of security and convenience, and make the FTX platform one of the best trading platforms to make profits with. Alameda Labs already has a very comprehensive roadmap for the next 5 years with tons of potential and a lot of tools already prepared. Let’s see what our developers are working on now.