Binance is a leading international chain block digital asset trading platform, it provides a wide range of digital currency for global trading, incubation chain of education, the block chain, chain assets distribution platform, the block chain institute and block chain services of charity, the user covers more than 190 countries and regions in the world, with 1.4 million single/s core memory set technology, is one of the fastest encryption global currency trading platform, is also one of encryption currency trading volume of the world's biggest platform.
Binance always insists on putting users' interests in the first place and is committed to providing a secure, fair, open and efficient trading environment for digital assets of the blockchain. Meanwhile, it takes the blockchain as the core to establish an all-round blockchain ecosystem.

FTX Token

FTT is the backbone of the FTX ecosystem. We have carefully designed incentive schemes to increase network effects and demand for FTT, and to decrease its circulating supply.
The utility of FTT includes:
(1) Token Burn:One third of all fees generated on FTX will be used for an FTT repurchase, until at least half of all FTT is burned. Any FTT bought this way will be burned.
(2) Collateral:FTT can be used as collateral for futures positions. This increases utility and demand for FTT. The same applies when we launch margin trading in the future.
(3) Discount on Trading Fees:Customers who hold a certain amount of FTT for a period of time will receive lower FTX futures fees. This will further increase demand for FTT.
(4) OTC rebates:Customers who hold enough FTT will receive rebates from all of their OTC trading on FTX.
(5) OTC burn:There will be a repurchase and burning of FTT based on OTC volumes and revenue from the FTX OTC portal, powered by Alameda Research.
(6) Socialized Gains:We&rsquo;ve performed backtests and live simulations to see how FTX will fare during large market movements. While other futures exchanges suffered from clawbacks, FTX managed to net increase their insurance fund by a sizeable amount thanks to its unique backstop liquidity provider program. For instance, during a recent market move, Okex incurred ~$3 million of clawbacks. Meanwhile, our demo simulation which mirrored positions on OKEx demonstrated no clawbacks and a net gain of a million to our insurance fund. We are confident in FTX&rsquo;s ability to handle endangered accounts and will redistribute a portion of net insurance fund gains to FTT holders.

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AGFEad2et2ZJif9jaGpdMixQqvW5i81aBdvKe7PHNfz3

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	Rank	Source	Price	24h	Volume(24H)	Trading Percent	Updated
1	Binance	1	Binance	FTT/USDT	1.9393	-8.43%	$13,560,910.59	23.5443%	2024-10-18 11:22:22
2	Gate.io	2	Gate.io	FTT/USDT	1.9353	-8.28%	$6,352,968.14	11.0299%	2024-10-18 11:22:31
3	Bitget	3	Bitget	FTT/USDT	1.9383	-8.45%	$1,103,083.44	1.9152%	2024-10-18 11:22:36
4	KuCoin	4	KuCoin	FTT/USDT	1.9430	-8.22%	$561,297.17	0.9745%	2024-10-18 11:22:30
5	BingX	5	BingX	FTT/USDT	1.9402	-8%	$244,063.43	0.4237%	2024-10-18 11:19:34
6	MEXC	6	MEXC	FTT/USDT	1.9415	-8.32%	$232,108.83	0.4030%	2024-10-18 11:19:52
7	CoinW	7	CoinW	FTT/USDT	1.9360	-8.33%	$77,757.25	0.1350%	2024-10-18 11:22:41
8	MEXC	8	MEXC	FTT/USDC	1.9518	-7.8%	$25,546.18	0.0444%	2024-10-18 11:22:05
9	Gate.io	9	Gate.io	FTT/ETH	0.00073300	-9.06%	$9,308.17	0.0162%	2024-10-18 11:18:24
10	KuCoin	10	KuCoin	FTT/BTC	0.00002845	-8.26%	$869.82	0.0015%	2024-10-18 11:20:47
11	HTX	11	HTX	FTT/USDT	1.9263	-8.83%	$1,896,297	3.2923%	2024-10-18 11:22:38
12	XT.COM	12	XT.COM	FTT/USDT	1.9394	-8.2%	$3,605,117.15	6.2592%	2024-10-18 11:21:45

	Volume(24H)	Trading Percent
Binance	Binance	$13,560,910.59	46.3442%	Visit
Gate.io	Gate.io	$6,362,276.31	21.7430%	Visit
KuCoin	KuCoin	$562,166.99	1.9212%	Visit
Bitget	Bitget	$1,103,083.44	3.7698%	Visit
MEXC	MEXC	$257,655.01	0.8805%	Visit
BingX	BingX	$244,063.43	0.8341%	Visit
CoinW	CoinW	$77,757.25	0.2657%	Visit
HTX	HTX	$1,896,297	6.4806%	Visit
XT.COM	XT.COM	$3,605,117.15	12.3204%	Visit
ProBit Global	ProBit Global	$299.99	0.0010%	Visit
Bitrue	Bitrue	$289,789.97	0.9904%	Visit

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