Staking the FTX Token
FTX Token was designed to maximize value for its holders.
With a fixed supply of 350 million FTT, the token’s price is supported by a growing demand for FTX products and services and a weekly burn of tokens equal to 33% of the fees generated o FTX markets.
What is Staking?
Staking crypto has grown in popularity in recent years. Staking refers to the process of locking funds in a cryptocurrency wallet or smart contract to support the operations of a blockchain network or project. Stakers are rewarded in different ways for contributing their funds to the health and functionality of the protocol.
There are many different avenues for staking cryptocurrencies these days, but the most common method is through staking pools. Staking pools are groups of cryptocurrency holders who come together to pool their resources and increase their chances of being selected to validate blocks on a Proof-of-Stake (PoS) blockchain.
With many newer blockchain projects opting for Proof of Stake consensus mechanisms over the original Proof of Work models, staking crypto has become a novel way to earn passive income and rewards from digital assets.
Benefits of Staking FTX Token
Use your FTX tokens to enhance your trading experience and support the growth of the FTX ecosystem at the same time.
How to Stake FTT
Staking FTT is quick, simple, and only takes a few minutes. Once you’ve registered your account and verified your identity, you’ll be able to buy FTT directly from the FTX Staking Portal.
STEP 1
Register your Trading Account
If you don’t have an FTX account yet, you’ll first need to register on FTX.com.
STEP 2
Find the Buy Button
It’s located on the bottom left side of the page and select the amount of FTT that you’d like to purchase.
STEP 3
Post Purchase Options
Once you’ve made your purchase, you’ll find the options to Stake or Unstake tokens on the right side of the page.
STEP 4
Stake your FTT Token
Click the Stake button and decide how many tokens you’d like to stake, and voila! You’ll be instantly eligible to receive the benefits of FTT token staking!
Disclaimers
Please be aware that residents and institutions registered in the United States and other prohibited territories are prohibited from transacting in FTT and barred from participating in the FTX Staking program.
Users from approved territories must abide by the terms and conditions below:
- All users must pass at least KYC 1 to own and stake FTT.
- Only users who passed KYC 2 will be eligible for SRM rewards.
- All users must strictly abide by the FTX terms of service.
- When you unstake FTT, the tokens are locked up for two weeks before being released.
- Staked FTT can’t be used as collateral.
- To qualify for SRM airdrops, users will need to hold a minimum of 500 FTT on their FTX account (staked or unstaked).
- If two things set your fees (e.g. maker rebates), you get the better one of them.
- Take fees after all discounts and benefits cannot be lower than 0.015%
- For non-VIP fees, taker fee minus referral rebates cannot go below 0.03%; if it would, the excess is subtracted from the referral rebates.
- Referring a VIP account does not give referral rewards, though VIP accounts can still receive rewards for referring others.
- Other promotions, including external referral programs, can modify referral behavior.
- FTX reserves the right to modify the rules around staked FTT at any time.
- For more information about FTT, see here.
- Locked FTT is not eligible for staking.
