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Popular science: What kind of currency is FTT coin? How to get FTT coins?
FTT, FTX's native cryptocurrency, grants holders exchange fee discounts, serves as margin trading collateral, and enables governance participation.
Oct 19, 2024 at 03:30 am
What is FTT Coin?
- Definition: FTT coin is a native cryptocurrency of the FTX cryptocurrency exchange.
- Purpose: FTT serves multiple purposes within the FTX ecosystem, including providing exchange fee discounts, margin trading collateral, and governance rights.
- Tokenomics: FTT has a maximum supply capped at 345 million coins. It is burned regularly to reduce the circulating supply and increase the value of the remaining tokens.
How to Get FTT Coins
- Purchase on Exchanges: FTT coins can be purchased on major cryptocurrency exchanges like Binance, FTX, and OKX.
- Trade on FTX Platform: You can trade FTT directly on the FTX exchange by pairing it with other cryptocurrencies or fiat currencies.
- Earn Rewards: Some platforms offer referral bonuses or yield farming programs that allow you to earn FTT tokens.
- Participate in Events: FTX occasionally organizes promotions and events where participants can earn FTT coins by completing specific tasks.
Benefits of Holding FTT
- Exchange Fee Discounts: Holders of FTT receive progressively higher discounts on trading fees on the FTX exchange.
- Margin Trading Collateral: FTT can be used as collateral when margin trading on FTX. This allows traders to leverage their FTT holdings to increase their potential profits.
- Governance Rights: FTT holders can participate in the governance of the FTX exchange by voting on proposals and influencing platform decisions.
- Investment Potential: As the FTX exchange grows, the demand for FTT is expected to increase, potentially leading to price appreciation for the token.
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