Here are some use cases and fundamentals of FTT coin ¹ ² ³:
*Use Cases:*
- Trading Fees: FTX futures trading fees are less and OTC spreads are tighter as compared to other crypto exchanges.
- White Label Solutions: A white label variant of the FTX OTC site and futures market has piqued the curiosity of crypto institutions and large investors for which the purchase will be offered in FTT token.
- FTT as Collateral: To increase the demand for FTT in the long run, it can be used as collateral in futures trading.
- FTT Token Value: The value of the FTT token is directly proportional to the future expansion and upgrades of the FTX platform. Holders of the FTT token can expect a rise in their holdings as the price of FTT increases.
- Create Leveraged Token Listing: Upcoming projects can pay a fee and generate leveraged tokens with their coin.
- Token Burn/Revenue Share: The FTT that is bought from FTX will have a transaction fee, one-third of which will be utilized to repurchase FTT tokens and later become a part of the burning process.
- Extra Gains For FTT Holders: When big market fluctuations will occur in the crypto market, FTT holders will profit from the FTX backup liquidity fund.
*Fundamentals:*
- Market cap: $706,764,248
- Volume (24h): $141,148,747
- Circulating supply: 328,895,104 FTT
- Total supply: 328,895,104 FTT
- Max supply: 352,170,015 FTT
- Fully diluted market cap: $756,779,815