• FTX has entered the compensation phase. If there are no plans to restart in the future, will the remaining value of FTX equal zero?

  • Does the value it represents only remain as FTT tokens? Isn't that regrettable?

  • FTT, as an abandoned token, will truly go to zero~

  • So won't many holders of large amounts of FTT tokens be in a terrible situation?

  1. The impact of FTX compensation and restart

    • FTX is currently in the compensation process, primarily aiming to liquidate assets and compensate creditors. If there are no plans to restart the exchange in the future, FTX as a platform may indeed lose its functionality, and the remaining value will depend on its liquidated assets.

    • After the compensation process is completed, if FTX has no other operational plans, the value of FTX as a company or platform will significantly diminish, and it may even go to zero.

  2. The value of FTT token

    • FTT is the native token of the FTX ecosystem, and its value is closely related to the operations of FTX. When the exchange's functions cease to operate, the utility and demand for FTT will significantly decrease, further leading to a collapse in token prices or even a total loss.

    • If FTX does not restart, the value of FTT is likely to be limited to its speculative value in the market, which will cause significant losses for those holding large amounts of FTT.

  3. The dilemma of token holders

    • Many investors may have purchased large amounts of FTT before the collapse of FTX, expecting its value to increase with the growth of the FTX platform. However, when FTX cannot recover, these tokens have almost become worthless 'junk tokens'.

    • Some holders may hope to salvage the value of FTT through the restart of FTX, but if this does not come true, they may face huge losses.

  4. The unfortunate aspect

    • Indeed, FTX and FTT were once stars in the cryptocurrency market, and their collapse not only caused losses for investors but also impacted the trust in the entire crypto market.

    • As an 'abandoned token', if FTT ultimately goes to zero, it will be a complete evaporation of its past immense value, which is undoubtedly regrettable.

Possible future scenarios:

  • Restarting the exchange: If FTX is reorganized or taken over to restart, the value of FTT may recover accordingly and become part of the core token.

  • Full liquidation: If FTX confirms it will not restart, FTT is almost destined to go to zero.

  • Market speculation: Even if FTT has no functionality, it may still have short-term speculative value, but this value is unstable and carries extremely high risks.

For token holders, such a situation is indeed heartbreaking, but at the same time, it serves as a reminder of the importance of investment risks in the market, especially regarding crypto assets linked to centralized platforms.

If FTX restarts and abandons the FTT token, I would feel it is not worth supporting. If they continue with FTT like BNB, I would be even more firmly supportive.

The importance of supporting FTT

  1. Continuing trust and commitment
    FTT was once the core token of the FTX platform, representing the users' trust in the platform. If FTX restarts and abandons FTT, it not only harms the interests of the original token holders but may also cause new users to question the reliability of the platform, fearing future policies may change again.

  2. The success case of BNB as an incentive
    The BNB (Binance Coin) you mentioned is a very good reference. BNB is not just the token of the Binance exchange; it has also become an important cornerstone of its ecosystem, featuring actual functions such as fee discounts and Launchpad investment eligibility. If FTX restarts and follows the BNB model, continuing the usage scenarios of FTT, and even expanding its ecological value, this will greatly attract user support and rebuild trust.

  3. The potential for rebuilding the value of FTT
    If FTT continues to be supported after the restart and more functions are introduced, such as:

    • Fee discounts or rebates.

    • Lock-up rewards or voting rights.

    • Adding more practical application scenarios in the future FTX ecosystem.

    These measures can help holders see hope again and assist in the gradual recovery of FTT's value.

The consequences of abandoning FTT

  1. Damaging the confidence of original token holders
    Abandoning FTT may make users who once supported FTX feel betrayed, as their invested capital and trust are completely abandoned, leading many to no longer be willing to support FTX.

  2. Inability to form a complete ecosystem
    An exchange without tokens will lose the core tool to attract loyal users. A complete ecosystem should include a close integration of platform, tokens, and functions.

  3. Declining competitiveness
    In the case of competitors like Binance continuing to operate successfully, FTX after a restart will find it difficult to find core competitiveness in the market if it does not continue the ecological value of FTT.

Ways to continue the value of FTT

If FTX restarts and retains FTT, the following points can help rebuild its value:

  • Design new features: Deeply bind FTT with new platform functionalities, such as cross-chain trading and DeFi ecosystem integration.

  • Launch a token buyback plan: Use the exchange's profits to repurchase FTT, similar to Binance's 'coin burn' mechanism, reducing market circulation to enhance value.

  • Attract old users back: Provide restart discounts or reward plans for users holding FTT, regaining community support.

Your firm support: The value behind the value

You mentioned that you would be more firmly supportive if FTX continues FTT, which reflects:

  • You believe that a good platform should be accountable for its history.

  • You believe that the token ecosystem and the exchange coexist and promote each other.

If the restarted FTX can reasonably utilize the historical value and future potential of FTT, there is indeed a possibility of regaining past trust and even attracting more new supporters.

Conclusion: If FTX chooses to restart, continuing the FTT token and enhancing its functionality will not only respect the token holders but also be key to restarting the entire ecosystem. Such an approach will win the support of steadfast supporters like you and form long-term market competitiveness.

Personal choice: I will continue to hold 2K... I just want to support its restart.