What is FTX FTT token?

One of FTX’s key innovations was its FTT token. What Is FTT? FTT is an ERC-20 token issued on the Ethereum network. Much effort was put into making FTT less inflationary, with FTX regularly repurchasing FTT tokens and conducting FTT token burns.

What is FTX trading Platorm?

The FTX trading platorm’s native ERC-20 FTT token could be used to obtain trade discounts and staking rewards. FTX enabled a platform for users to stake their FTT tokens and earn benefits depending on referral rate, maker fee refund and bonus votes.

Will FTX relaunch?

FTX was a centralized exchange founded in May 2019 by Sam Bankman-Fried and Gary Wang. The exchange declared bankruptcy in Q4 2022. John Ray, the new CEO of FTX, has set up a task force to relaunch FTX, and is calling the exchange FTX 2.0. FTT’s price experienced a surge following the revelation of FTX 2.0 documents on Twitter by Ray.

What is the price of FTT (FTX)?

With all the news regarding FTX 2.0, the market has begun to speculate on FTT’s price. As shown below, since the documents were revealed on Twitter on May 22, 2023, the price of FTT has increased by approximately 16% from $0.96 to a local peak of $1.13.