FTX Token #shorts

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FTT is currently the 4th largest exchange token in terms of market cap with a market cap of $3.4 billion!

FTT is an ERC-20 token which funnels value throughout the FTX ecosystem. FTT token holders get as much as a 50% discount on trading fees on FTX depending on the amount of tokens they are holding. It can also be used as collateral for futures trading on FTX so that traders can increase their positions.

FTT holders can also stake their tokens for multiple benefits. Stakers get increased airdrop rewards for new tokens and bonus votes in community polls. Stakeholders also receive free withdrawals of ETH and a few ERC-20 tokens as well as rebates for maker fees. FTT tokens can be unstaked after a period of 14 days.

Any FTT that is bought from FTX will have a transaction fee, one-third of which will be utilized to repurchase FTT tokens. These will later become a part of the burning process. You can trade the FTT token on many exchanges like FTX, Binance and Kucoin, and it is a solid buy because crypto will take over the world and FTX is taking over crypto!