Cryptocurrencies

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What is the issue price of FTT coins? Introduction to the issue price and issue quantity of FTT coins

The initial issue price of FTT Coin during its public sale in November 2019 was $1.00 USD, with a total of 100,000,000 FTT coins issued.

Oct 16, 2024 at 05:00 pm

1. What is FTT Coin?

FTX Token (FTT) is the native cryptocurrency of the FTX cryptocurrency exchange. It is a utility token that provides various benefits to holders, including:

Reduced trading fees on FTX
Access to exclusive features and discounts
Staking rewards
Governance rights

2. FTT Coin Issue Price and Quantity

The initial issue price of FTT coins during the public sale held in November 2019 was **$1.00 USD**. A total of **100,000,000 FTT** coins were issued during the sale, raising approximately $100 million.

Detailed Breakdown of Issue Quantity:

Public sale: 50,000,000 FTT
Private sale: 15,000,000 FTT
FTX team and advisors: 15,000,000 FTT
Seed round: 10,000,000 FTT
Strategic round: 10,000,000 FTT

3. Post-Issue Developments

Since its initial issue, FTT has experienced significant growth in value, reaching an all-time high price of over $85 USD in September 2021. It currently ranks as one of the top 50 cryptocurrencies by market capitalization.

The price of FTT is influenced by various factors, including:

Overall market conditions
Demand for utilities provided by the token
FTX exchange performance
Tokenomics (e.g., token distribution, inflation rate)

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