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FTX Token Stock

FTX Token

FTT

Price

0.80
Today +/-
+0
Today %
+0 %

FTX Token Whitepaper

  • Simple

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
HTXFTT/USDT0.8536.151,736.82.81 M0.15cex2567/9/2025, 6:23 AM
CoinPFTT/USDT0.81,450.051,570.961.14 M0.02cex47/9/2025, 6:21 AM
BitradeXFTT/USDT0.865,247.8464,329.971.07 M0.19cex4327/9/2025, 6:21 AM
TruBit Pro ExchangeFTT/USDT0.815,573.816,853.64834,741.870.21cex2517/9/2025, 6:21 AM
BinanceFTT/USDT0.818,095.0443,194.03649,531.780.01cex5207/9/2025, 6:23 AM
GateFTT/USDT0.819,935.7923,287.68638,859.740.03cex4167/9/2025, 6:23 AM
FameEXFTT/USDT1.38,502.478,039.88391,347.860cex2594/8/2025, 6:35 AM
CEEX exchangeFTT/USDT0.8288.17287.38379,492.410.03cex17/9/2025, 6:21 AM
BYEXFTT/USDT0.810,648.8540,436.08339,213.810.02cex197/9/2025, 6:21 AM
VOOX ExchangeFTT/USDT0.86,722.824,097.77327,009.190.05cex1147/9/2025, 6:21 AM
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FTX Token FAQ

Who Founded the FTX Token?

The FTX Token, or FTT, was established by Sam Bankman-Fried and Gary Wang. Sam Bankman-Fried serves as the co-founder and Chief Executive Officer of FTX: Cryptocurrency Derivatives Exchange. He also holds the position of CEO at Alameda Research and previously worked as the Director of Development at the Centre for Effective Altruism. From 2014 to 2017, he was a trader at Jane Street Capital. Bankman-Fried holds a Bachelor’s degree in Physics from the Massachusetts Institute of Technology. Gary Wang is the co-founder and Chief Technology Officer at FTX: Cryptocurrency Derivatives Exchange. He also serves as the Chief Technology Officer at Alameda Research. Prior to this, he was a Software Engineer at Google, having advanced from a Software Engineering Intern position. Additionally, he worked as a Software Engineer Intern at Facebook. Wang earned a Bachelor's degree in Mathematics and Computer Science from the Massachusetts Institute of Technology. For further details, you can find information on Eulerpool.

What is the Current Circulation of FTX Token (FTT) Coins?

FTX operates as a cryptocurrency derivatives exchange, providing futures, leveraged tokens, and over-the-counter (OTC) trading, with a focus on delivering institutional-grade solutions. The FTX Token serves as the fundamental component of the FTX ecosystem. It is engineered to enhance network effects and drive demand for FTT while simultaneously reducing its circulating supply. As of February 2021, the circulating supply of FTT stands at approximately 94 million tokens, with a total supply nearing 345 million, as reported by Eulerpool.

How is the Security of the FTX Token Network Ensured?

FTT functions as an ERC-20-compatible exchange token. The Ledger Nano X/S hardware wallet facilitates the secure storage and management of FTT tokens through its Ethereum application. Security audits for both FTT and the leveraged tokens are conducted by the Blockchain Consilium auditing firm.

Where Can You Purchase FTX Token (FTT)?

FTX Token, known as FTT, is available for purchase, sale, and trading on various exchanges, including: - Binance JEX - HitBTC - Huobi Global - Binance For those new to purchasing, trading, or selling Bitcoin, further information about the process can be found here.

FTX Token (FTT): "Buy and Burn" Mechanism Promoting Deflationary Tokenomics

FTX Token (FTT), the native token of the FTX derivatives exchange, is a deflationary cryptocurrency. More than 20 million FTT tokens have been permanently removed from circulation through the token's "buy and burn" mechanism.

Global Expansion of FTX Exchange Introduces FTX Token (FTT) to New Markets

In recent months, FTX has expanded its presence into more significant markets. The latest expansions include Dubai and Busan, South Korea's second-largest city. Dubai granted FTX full approval to operate within the Emirate, while an agreement was reached with Busan to establish a Korean branch. With entry into additional markets, the utility token of the exchange, FTT, is anticipated to experience increased usage, leading to a higher rate of token burns. Additionally, the FTT token has been listed on more exchanges. In February 2022, Bitget became the 49th cryptocurrency exchange to list FTT for trading on its platform. In a similar move, TokoCrypto introduced a new FTT/ETH trading pair on its platform. Currently, the exchanges with the highest trading volumes of FTT are Binance, FTX, and Bitcoin.com.

Investors interested in FTX Token are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.