FTX Token

About FTX Token

FTT is the utility token originally designed for the FTX cryptocurrency exchange ecosystem. Launched in 2019, it served as the backbone of the platform, providing holders with trading fee discounts, staking rewards, and serving as collateral for futures positions. FTX was a major derivatives exchange offering products like leveraged tokens and OTC trading. Following the collapse of the exchange in November 2022 and subsequent bankruptcy filings, the token remains in circulation but is primarily associated with the ongoing liquidation and creditor recovery processes. Investors are cautioned that the contract deployer has previously moved previously locked tokens into circulation during the bankruptcy proceedings.