FTX

FTX (FTT)

-0.01 %
Total market value details of FTX (FTT) circulating supply
Market Cap

The total market value of a cryptocurrency's circulating supply. It is analogous to the free-float capitalization in the stock market.

Market Cap = Current Price x Circulating Supply.

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24 Hour Trading Vol

A measure of how much of a cryptocurrency was traded in the last 24 hours.

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57900738
Fully Diluted Valuation
The market cap if the max supply was in circulation.
Fully-diluted market cap (FDMC) = price x max supply. If max supply is null, FDMC = price x total supply. if max supply and total supply are infinite or not available, fully-diluted market cap shows - -.
437859916
Circulating

The amount of coins that are circulating in the market and are in public hands. It is analogous to the flowing shares in the stock market.

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0.00
Total Supply
The amount of coins that have been already created, minus any coins that have been burned. It is analogous to the outstanding shares in the stock market.
If this data has not been submitted by the project or verified by the CMC team, total supply shows - -.
328,895,112.30
Max Supply
The maximum amount of coins that will ever exist in the lifetime of the cryptocurrency. It is analogous to the fully diluted shares in the stock market.
If this data has not been submitted by the project or verified by the CMC team, max supply shows - -.
328,895,112.30
# Exchange Pair Price Spread Volume Volume% Confidence Last Traded Trust Score
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For Detailed Research of FTX - Visit -FTX (FTT)

Coin Info

FTT is the native cryptocurrency token of FTX, a cryptocurrency derivatives trading platform that debuted on May 8, 2019.

The FTX team is made up of some of the most prominent crypto traders in recent years, who chose to build their own platform after witnessing troubles with other big crypto futures exchanges. FTX promises to be unique owing to features such as clawback avoidance, a centralised collateral pool, and global stablecoin settlement. FTX is a centralised cryptocurrency exchange founded by Sam Bankman-Fried in 2019. It is backed by major trading firms such as Alameda Research, OTPP, Temasek, BlackRock, Coinbase Ventures, and Sequoia Capital. As of 2022, the network had over a million registered users, and daily trade volume had reached billions of dollars.

FTT Token use cases

  • 1/3 of the commissions collected from FTX trades are used to purchase FTT. Tokens redeemed in this manner are burnt

  • FTT tokens are used to lower trading costs and protect futures investments

  • Profits from large market fluctuations are divided among holders

  • Institutions and investors pay expenses in FTT tokens when they buy a white-label version of FTX's OTC gateway and futures market

  • Projects can use FTT to pay listing costs by issuing leveraged tokens

  • Users can stake FTT to gain discounts, additional votes, and exemptions of blockchain fees

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