What is FTT coin? What can FTT coins do? How to store FTT coins?

FTT coin, the utility token of the FTX cryptocurrency exchange, offers several benefits, including trading fee discounts and participation in exclusive crowdfunding events.

Oct 21, 2024 at 10:35 am

What is FTT Coin?

FTT coin is the native utility token of the FTX cryptocurrency exchange. It was launched in July 2019 as an ERC-20 token on the Ethereum blockchain. FTT coin is used to pay trading fees on the FTX exchange, providing holders with discounts and other benefits.

What Can FTT Coins Do?

FTT coins can be used for various purposes within the FTX ecosystem, including:

Trading Fees Discount: Holders of FTT coins receive a discount on trading fees on the FTX exchange. The discount is tiered based on the amount of FTT held.
Leverage Token Staking: FTT coins can be staked to earn interest from FTX's leverage token trading fees.
Crowdfunding Participation: FTT holders can participate in exclusive crowdfunding events for new tokens on the FTX exchange.
Referrals: Referrals who sign up to FTX using an FTT holder's referral link can receive a commission in FTT.

How to Store FTT Coins?

FTT coins can be stored in various ways. Some popular options include:

FTX Wallet: The easiest and most secure way to store FTT coins is on the FTX exchange itself.
Hardware Wallet: For enhanced security, FTT coins can be stored on a hardware wallet like Trezor or Ledger Nano.
Software Wallet: Software wallets like MetaMask or TrustWallet allow users to store FTT coins and interact with other decentralized applications.

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