What Is FTX Crypto Token FTT Coin?
FTX Token (FTT) is an inner coin of the FTX exchange. This digital asset is one of the major parts of the infrastructure.
An FTT coin allows holders to spend less on trading fees and make more money on staking. Keep reading StealthEX new article and find all the interesting features of this project.
FTX Crypto Features
FTT crypto is suitable for use as collateral for futures contracts. This increases the utility and demand for this cryptocurrency. However, these are not all the advantages of the FTT coin, and among the main points are:
- A low trading fee.
- More lucrative offers for holders.
- The possibility of getting bonuses through a referral program.
- Provision for futures trading.
FTT Crypto Fee Discounts
One of the key benefits for FTT cryptocurrency holders is lower transaction fees, which is helpful for traders. The more tokens a user has, the more lucrative his exchange is.
The basic exchange fee is 0.02% for a maker and 0.07% for a taker. There are six levels of trading volume, each of which slightly reduces this parameter.
The sum of FTX crypto assets is counted in dollars. For example, if a user has an amount of FTT coins which is equal to $100, his discount is 3%. If this sum increases to $500 thousand, it becomes 35%. The most loyal holders with a sum equal to $2.5 million, become VIP members with a 50% discount. With $5 million, it increases to 60%.
Participation In Serum SRM Coin Airdrop On FTX crypto exchange
Every week the exchange gives out free Serum tokens (SRM) to FTT token holders. The FTX exchange has committed to gradually distributing 5% of the total SRM issue. The terms are as follows:
- Users with at least 500 FTTs in their account will be eligible to participate in the SRM airdrop.
- Users will receive 3 blocked 1–7 year SRMs for every 500 FTT available.
- FTT balance snapshots are taken randomly. SRMs are then allocated to eligible users’ balances each Tuesday after FTT redemption and burn.
FTT Token Staking
FTT is a Proof-of-Stake token that can be stacked. Once again, it is not without bonuses, and FTT coin staking offers users lots of benefits:
- Higher referral rates. Referrers who stake FTT crypto receive a higher income from their referees’ fees.
- Maker fee rebates. These users access maker fee rebates.
- Free swag NFTs. Stakers access the wheel of fortune to get free NFTs.
- Bonus votes. They are offered bonus votes in the polls.
- Higher airdrop rewards. These users receive greater SRM airdrops.
- Waived fees. Stakers receive many free ERC20 and ETH withdrawals daily.
- IEO participation. The platform provides tickets for IEOs on FTX.
FTX Token Future Prospects
The prospects of this digital asset are directly related to how the FTX trading platform will develop. It holds the top spots in its category. Recently, the project team has launched its own NFT market to attract more traders and investors.
According to the team’s mission, they want to keep working on improving their services for professional traders. At the same time, they plan to make the platform even more user-friendly to attract people who weren’t interested in the cryptocurrency market before.
FTX Crypto Price Prediction
All these updates must affect the FTT token price positively. According to WalletInvestor , this token will cost over $333.58 in 5 years. The Economy Forecast Agency also believes in this cryptocurrency, saying its price will get up to $101.43 in December 2025. So this coin can become a profitable investment in the long run.
FTT coin price today is 49.9633 USD.
Overall, FTX is a promising cryptocurrency, whose exchange works with trustworthy financial companies. Users’ trust is confirmed by the huge volume of trades on the FTX crypto exchange . Every crypto investor should do their own fundamental analysis of an asset before adding it to their portfolio. However, the way the FTX exchange is increasing rapidly, one can understand that this cryptocurrency has every chance of becoming a profitable asset.
Where To Buy FTX Token?
StealthEX is the safest exchange for buying FTT. It allows you to choose from over 400 cryptocurrencies, provide only general information, and there aren’t any hidden fees for transactions. This process is fast, and you can buy FTX token from both your PC and phone.
Just go to StealthEX exchange and follow these easy steps:
- Choose the pair and the amount for your exchange. For example, BTC to FTT coin.
- Press the “Start exchange” button.
- Provide the recipient address to which the coins will be transferred.
- Move your cryptocurrency for the exchange.
- Receive your coins!
You are more than welcome to visit the StealthEX exchange and see how fast and convenient it is.
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Originally published at https://stealthex.io.