FTT is the official token for the FTX ecosystem. It’s supposed to function collateral for future positions. As a holder, you’ll get reductions on buying and selling charges, obtain OTC rebates and extra. FTX is backed by Almeda Analysis. Almeda Analysis is a number one firm in crypto buying and selling, and in addition it is ranked as one of many largest liquidity suppliers.
Earlier this yr, FTX partnered with Miami Warmth – an NBA franchise. The partnership phrases had Miami Warmth’s enviornment change its identify to the FTX Area (It was previously The American Airline enviornment).
The FTX token was created by Gary Wang and Sam Bankman-Fried. Sam labored as a dealer at Jane Road Capital from 2014 to 2017, and Grey as soon as labored as a software program engineer intern at Fb.
The token is constructed on the Ethereum community (ERC-20). It has a present value vary of $48.52 to $51.76.
FTT has a every day buying and selling quantity of about $231,597,692. It has an all-time excessive on September 9, 2021, at $84.18, and all-time low of $1.15 on September 6, 2019. FTT has a complete provide of 335 Million cash and a circulating provide of. 139,460,202.
FTX Token / TetherUS every day candlestick chart (Supply: Tradingview)
From the chart, FTT is displaying an indication of partial restoration however the bulls must do extra to get the market climbing once more.
Like a number of different cryptocurrencies, FTT has gone up by over 1000%. Simply January, FTT offered for $5.77. Because the begin of July, the value of FTT has greater than doubled.
Abstract
FTT value has gone up by 5759.94% since its earlier all-time low. It at present has a market dominance of 0.26% and ranks #32 on CoinMarketCap.