What is FTX Token (FTT)? | FTX Token FTT Explained in Under 60 Seconds
What is FTX Token (FTT)?
FTX is a cryptocurrency derivatives exchange offering derivatives trading, options, leveraged tokens & other innovative financial products.
The native cryptocurrency FTX Token (FTT) powers the ecosystem. Used for trading fees, collateral for futures positions, rebates & staking rewards.
â–¶ Search Token Name or Symbol http://cryptodefirevolution.com/
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The FTX platform allows both professional trading firms & first-time users to participate in OTC trading, futures, volatility products & much more.
Clawbacks are practically eliminated using a three-tiered liquidation model. Designed to withstand huge market swings without clawbacks.
Instead of fragmented collateral, FTX uses a centralized collateral pool for easy rebalancing & to prevent positions from getting liquidated.
Universal Stablecoin Settlement - FTX derivatives are stablecoin-settled, meaning stablecoins can be deposited as collateral for all derivative products.
With a focus on fast development cycles, crypto trading systems can be rapidly deployed by FTX, with the ability to release multiple features each day.
WEBSITE: https://ftx.com/
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