FTX is an exchange specializing in over-the-counter (OTC) cryptocurrency derivatives and offers futures and leveraged tokens. FTT is FTX's global eco-token FTX was launched in April 2019 and is owned by FTX Trading LTD and incorporated in Antigua and Barbuda. It is backed by Alameda Research, a trading firm and cryptocurrency liquidity provider with nearly $100 million in assets and up to $1 billion in daily trading (about 5% of global volume).

The project vision is to provide more convenience for investors. FTT is the only circulating token in the FTX ecosystem and the backbone of FTX ecological layout. In the future, FTT will be used in more diversified scenarios, and the project will add more digital currency derivatives tools to the platform.

FTX, a digital asset derivatives exchange, is now the fourth-largest exchange in the world and demand is extremely strong

FTT Project Party will buy back and burn tokens equal to: 33% of the FTX market charges 10% of the net increase of the Insurance Fund (" Social proceeds ") 5% of the fees earned from other uses of the FTX platform FTX will purchase FTTT in the FTTT /USD market. Purchased FTTTS will be burned weekly according to the schedule adopted by FTX. The current schedule usually starts at 10 p.m. Monday Hong Kong time, and the tokens purchased burn at 11:59 p.m. Tuesday Hong Kong time.

The deflationary mechanism of repo destruction is the standard of the exchange. Repo strongly binds the rights and interests of users, the growth of the platform and the income of the platform, so that the development of the exchange can be returned to the currency price in the first time, forming a rapid positive feedback effect. FTT also uses this mechanism, and the buyback destruction frequency is weekly.

Application scenarios for FTT include: 1) Platform token destruction/profit sharing: One-third of all fees generated on FTX will be used for buyback and destruction of FTT until total platform token destruction is reduced to half of the initial issue. Some of the rebate points on FTX OTC transactions are also used to buy back and destroy FTTS. 2) Margin collateral: Users can use FTT as margin for contract positions, which is also conducive to improving the utilization rate and market demand of FTT. 3) Discount on transaction fees: After FTT currency holdings reach a certain amount of positions, currency holders will enjoy preferential treatment on contract transaction fees. 4) OTC Rebate: Currency holders holding a certain amount of FTT can receive OTC rebate. (FTX's OTC transactions have no fees.) 5) OTC repurchase: FTX will carry out FTT repurchase and destruction to a certain extent according to the transaction volume and income of OTC. 6) Share of coin holders: our background test and on-line simulation environment show that our risk margin shows a net increase during large market periods, without any allocation; A portion of the net proceeds from the risk reserve will be distributed to FTT holders.

Hash algorithm: Ethereum (ETH) token algorithm

FTX is a platform token launched by FTX Exchange, which was founded by Alameda Research, a well-known quantitative trading firm. It mainly offers option contracts, leverage and some spot trading. According to Coinmarketcap, FTX is currently ranked among the top 10 exchanges in the world in terms of derivative cryptocurrency trading volume.

Members of FTX come from Wall Street quant funds and tech giants including Jane Street, Optiver, Susquehanna, Google, Facebook and others.

FTX aims at the long-term growth of FTT and the long-term development of the platform. Any behavior that may affect this goal will be prohibited. About three-fifths of non-corporate FTT holdings are unsold, of which: 5% -- Risk margin replenishment: Used to replenish risk margin when it is insufficient. 5% -- Safety allowance: 20% against platform losses -- FTT Liquidity Fund: Used to provide liquidity to the FTT market. 20% -- Team cash: An incentive reserve for team members. 5% -- Advisor Advisory Fund: Used to motivate advisors on the FTX platform. 25% -- Company holding: Locked up for at least 3 years, just like other company holding. 10% -- Exchange Ecological construction Fund: used for FTX ecological construction. 10% -- User growth Fund: used for FTX platform users and transaction volume growth. The FTX team will hold the FTT for a minimum of three years, and will not sell the team's shares at a lower price than the official price for at least the first three months (and most likely after). The total number of FTT issues is 350 million, of which 175 million is held by the team and unlocked for at least three years.

In 2018, the FTX team launched the automated OTC RFQ system. The FTX OTC portal enables users to immediately receive crypto quotes for over 20 tokens and trade 24 hours a day.

FTT holders will receive a number of benefits, including: weekly purchase and burning fees reduced FTX transaction fees Over-the-counter kickbacks futures trading Mortgage insurance fund socialized benefits Pledged FTT will enjoy the following benefits: Increased invitation rebate rate: By pledging FTT, the inviter will receive a higher commission rate; Billing fee reward: FTT pledge will receive billing fee reward (the original FTT fee discount will remain); Additional voting rights: The amount of standard voting is based on the number of FTT holdings and the 30-day trading volume); Airdrop bonus: More SRM airdrops for pledging FTT (as well as other airdrops that may come in the future); Free blockchain fees: Shareholders get free ERC20 and ETH withdrawals every day.

Most of the value of FTT tokens is based on the development of FTX exchange. When FTX was launched, binance, the spot exchange, And BItmex and Okex, the derivatives exchanges, had already achieved stable and large trading volumes. However, FTX exchange developed rapidly as a later

This exchange is a cutting-edge exchange created by the top team, its management team is very good, their team for security experience is absolutely no less than other exchanges

As a trading platform, security compliance is indispensable. Compared with those old exchanges like Huobi, its establishment time and trading experience are just beginning, so it still needs time to consider the security. But in the case of the founding team, their team is made up of experienced members, and the security aspect is not too bad. But investment is risky, so we should be cautious.

FTX Exchange has the world's top quantitative team as the trading core, so the general quantitative team should be careful in the application of strategy. Secondly, most of the exchanges are derivatives, which are greatly affected by policies, and the risk degree of the project increases accordingly

The FTX exchange is run by investor SBF, and if you have any experience, you know who SBF is. FTX is one of the top 4 digital asset exchanges with a wide range of trading pairs and derivatives to invest in, which I believe will meet your needs. So far, the FTX exchange, which was founded in 2019, has been one of the year's dark horses, garnering a lot of media and exchange attention. The exchange is expected to make a net profit of $40 million for the full year 2020, according to a fundraising pitch sent to institutional investors. Sam Bankman-Fried, FTX's founder and chief executive, said the number could go even higher.