The FTX Token (FTT) is a utility token that grants access to the features and services of the FTX trading platform. It is also the FTX ecosystem's native token. By incentivizing users to hold and use the token, it generates utility in the FTX ecosystem. FTX claims that it distinguishes itself from other exchange utility tokens by providing unique features. For example, clawback prevention is critical to FTX and is not available on other exchanges. Clawbacks occur when an investor loses money as a result of the liquidation. FTX avoids this by employing a three-tiered liquidation model.
The FTX Token was created to help traders save money on trading fees. When users use FTT to pay for their trades, they receive a discount on the fees charged. The greater the user's FTT holdings, the greater the discount. Furthermore, FTT holders can vote on new listing proposals and much more!
https://ftx.com/ftt

FTX Token (FTT) is the native cryptocurrency of the FTX cryptocurrency exchange. Launched in 2019, FTX is a cryptocurrency trading platform that offers a wide range of trading products, including spot trading, futures trading, options trading, and tokenized assets. FTT serves as the utility token for the FTX ecosystem.

FTT has multiple use cases within the FTX platform. It provides users with various benefits such as trading fee discounts, participation in tokenized events, and enhanced liquidity programs. FTT holders may also have governance rights, allowing them to participate in decisions related to the FTX exchange's development and changes.

Beyond its utility on the FTX exchange, FTT has gained attention as a tradable asset in the broader cryptocurrency market. Its value can be influenced by factors such as market demand, FTX's overall performance, and the adoption of the FTT token within the crypto community. FTT represents a bridge between the FTX ecosystem and the broader crypto market, embodying the exchange's commitment to innovation and community engagement.