*FTX Services and FTX Token (FTT) are not available in the United States or other prohibited jurisdictions.

Frequently Asked Questions (FAQs)2022-09-05T22:27:48+09:00

FTT FAQs

Do you have a specific question about FTT? If so, we’ve compiled a broad list of frequently asked questions (FAQ) to give you more information about the topic.

What is FTT?2022-06-10T15:40:34+09:00

FTT is a cryptocurrency token that is used on the FTX exchange. It is an ERC20 token that allows users to trade on the platform and receive discounts on fees.

Some of the benefits of using FTT include:
Reduced trading fees
Access to exclusive features and tools
Allows users to engage in staking FTT

Where Can I Find Background on FTT?2022-06-10T15:41:53+09:00

You can learn more about FTT by taking a look at the FTT whitepaper here.

How Do I Buy FTT?2022-06-10T15:43:14+09:00

You can use the FTX OTC portal to ask for a quote if you’re ready to buy FTT, as well as purchase on the FTX website.

When Does FTT Unlock?2022-06-10T15:54:19+09:00

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?2022-06-10T15:44:18+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.

How to Stake FTT2022-06-10T15:46:36+09:00

FTX allows users to earn interest and rewards for their locked up FTT tokens. Check out our FTT staking page for more information.

What Discounts Does FTT Give?2022-07-06T19:04:13+09:00

All FTX users will receive discounts based on the number of FTX tokens they hold. The table below provides more information.

FTT Holding (USD) Discount on FTX Fees Other Privilege
$100 3% N/A
$1,000 5% N/A
$5,000 10% N/A
$10,000 15% N/A
$50,000 20% N/A
$100,000 25% N/A
$200,000 30% N/A
$500,000 35% N/A
$1,000,000 40% Automatically become Tier 4
$2,500,000 50% Automatically become VIP 1
$5,000,000 60% Automatically become VIP 2
What is the Price of FTT?2022-06-10T15:47:55+09:00

FTT prices are fluctuating every day, much like other cryptocurrencies. The FTX exchange has the most up-to-date prices.

What is Burning FTT?2022-07-06T19:05:05+09:00

​​​​​​​​​Burning FTT is the process of destroying FTX tokens to remove them from circulation. This is done in order to increase the value of the remaining tokens.

What are Airdrops?2022-06-10T15:49:27+09:00

An airdrop is when a project or company distributes free tokens to its community. This is usually done to promote awareness or adoption of the project.

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