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What is FTT? Detailed introduction to the trading platform and total amount of FTT coins
FTT, the native cryptocurrency of FTX, a well-known cryptocurrency derivatives exchange, provides holders with utility, governance, and staking benefits within the FTX ecosystem.
Oct 13, 2024 at 05:54 am
What is FTT? A Comprehensive Overview of the Trading Platform and Total Coin Supply
1. Understanding FTT
FTT, short for FTX Token, is the native cryptocurrency issued by FTX, one of the largest global cryptocurrency exchanges. FTT serves various functions within the FTX ecosystem, including utility, governance, and staking benefits.
2. FTX Trading Platform
FTX is a leading cryptocurrency derivatives exchange that offers a wide range of trading products, including perpetual futures, futures contracts, spot trading, and OTC trading. The platform is known for its high liquidity, low fees, and advanced trading features.
3. Utility Benefits of FTT
FTT holders enjoy several utility benefits within the FTX ecosystem:
- Reduced Trading Fees: Staking FTT tokens reduces trading fees on the FTX platform.
- Leverage Boost: FTT can be used as collateral to increase leverage on perpetual futures trades.
- IFO (Initial Farm Offering) Participation: FTT holders can participate in IFOs, which allow them to invest in new blockchain projects before they launch.
4. Governance Benefits of FTT
FTT also provides governance rights to its holders:
- FTX Token Voting System: FTT holders can vote on community proposals that influence the development and direction of the FTX platform.
5. Staking Benefits of FTT
Staking FTT tokens in the FTX Earn program allows holders to earn additional rewards:
- Yield Farming: Stake FTT to earn interest in different cryptocurrencies.
- Serum (SRM) Rewards: Stake FTT to earn SRM, the native token of the Serum DEX (decentralized exchange).
6. Total Supply of FTT
The total supply of FTT tokens is 352,255,686, with the distribution breakdown as follows:
- Total Token Supply: 352,255,686 FTT
- Listing: 267,244,191 FTT (76%)
- FTX Ecosystem: 10,000,000 FTT (2.8%)
- Seed Allocation: 15,000,000 FTT (4.2%)
- Private Allocation: 30,000,000 FTT (8.5%)
- Serum Ecosystem: 30,011,495 FTT (8.5%)
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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