What is FTX Token (FTT)? | FTX Token FTT Explained in Under 60 Seconds

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3 years ago
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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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