FTX Token (FTT) is the native cryptocurrency token of the FTX derivatives trading platform, which was launched in May 2019 by Sam Bankman-Fried and Gary Wang ¹. The platform gained popularity due to its unique features such as clawback prevention, a centralized collateral pool, and universal stablecoin settlement.$FTT

*Key Features:*

- _Decentralized Cloud Infrastructure_: FTX offers scalable and secure infrastructure for decentralized applications.

- _Leveraged Tokens_: FTT allows traders to put leveraged positions without the need to trade on margin.

- _Commission Discounts_: Members pay low fees and obtain tighter spreads.

- _Staking Rewards_: FTT holders can earn rewards for providing liquidity through futures positions.

*Token Details:*

- Market Capitalization: $661 million ¹

- Circulating Supply: 328 million FTT ¹

- Current Price: $2.01 ¹

*Use Cases:*

- Trading fee discounts

- Leveraged tokens

- Staking rewards

- Governance and voting

- Cross-chain interactions

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