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Information about FTX Token (FTT)
FTX is a decentralized exchange that offers financial products and derivatives trading. FTX is built and developed by Alameda Research, one of the leading market makers in the crypto world. FTX exchange was born as a solution to address the problems that futures exchanges are currently facing such as overloading system, lacking liquidity, and poor asset portfolio. In addition, FTX is also more prominent than other derivatives exchanges in several points such as: no fee for depositing and withdrawing, wide variety of assets, low transaction fees and no security vulnerability.
FTT is the utility token of the FTX exchange, used to promote the development of the platform and serve as collateral for future positions. In addition, users who hold FTT tokens and meet a number of other requirements will get discounts on trading fees and some additional benefits.
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