All FTT tokens will unlock as soon as liquidity is feasible. The windows were July 29, 2019 ending on October 29, 2019 for the FTT Round 1 Token, July 29, 2019 ending on September 13, 2019 for the FTT Round 2 Token, July 29, 2019 ending on August 29, 2019 for the FTT Round 3 Token, and finally May 1, 2019 ending on May 1, 2022 for the FTT Team Token.
What Utility Does FTT Have?admin2022-06-10T15:44:18+09:00
FTT is the cornerstone of the FTX system, providing the following capabilities:
FTX will buy and burn FTT equal to one-third of all exchange fees.
FTT will be accessible as collateral on FTX.
FTT will get socialized gains from the backstop liquidity fund on FTX.
Currently, there is a token supply of 350,000,000 FTT tokens. As such, token buying and burning will continue until at least half of all FTT is burned.