What is FTT coin?

The FTT coin is an ERC-20 standard token which was released in July 2019. The maximum supply is capped at 350 million, with 138.76 million currently in circulation at $36.28, for a market capitalisation of $5.03bn. The FTT coin is listed at number 34 on the cryptocurrency market cap charts. So what is FTX Token coin used for?

What is FTT token (FTT)?

FTT is an ERC-20-compatible exchange token. The Ledger Nano X/S hardware wallet allows users to securely store and manage the FTT tokens via its Ethereum app. Both the FTT and the leveraged tokens security audits are done by the Blockchain Consilium auditing firm. Where Can You Buy FTX Token (FTT)?

How much is the FTX token worth?

The FTX Token, or FTT as it is more widely known, debuted in 2019, and a couple of years later, the digital currency was valued at a high of almost $80. Today, there are almost 250 million FTX Tokens in circulation. Not bad for something that is just data.

Did FTX and Alameda use FTT as collateral?

In the aftermath of FTX's meltdown, reporting has revealed just how much FTX and CEO Sam Bankman-Fried's hedge fund Alameda were using FTT as collateral. Those revelations have put exchange tokens under the microscope. This Learn article will look at exchange tokens like FTT, what they are for, and what risks they carry.