FTX Token (FTT) is the native token of the now-defunct FTX cryptocurrency exchange. It is designed to provide users with a range of benefits, including reduced trading fees, access to exclusive trading features, and the ability to participate in the governance of the FTX exchange.
One of the key benefits of holding FTX Token was reduced trading fees. FTT holders receive a discount on trading fees when they trade on the FTX exchange. This discount can be significant, and it provides users with a cost-effective way to trade on the FTX exchange. Additionally, FTX Token holders have access to exclusive trading features and services, such as early access to new trading products and tools.
Another important aspect of FTX Token is its focus on governance. FTX Token holders have the ability to participate in the governance of the FTX exchange. This allows them to vote on proposals, such as changes to the fee structure or the addition of new trading products, and to have a say in the direction of the exchange. This helps to ensure that FTX is driven by the needs and desires of its users, rather than by a small group of central actors.
In conclusion, FTX Token (FTT) is the native token of the now-defunct FTX cryptocurrency exchange. With its reduced trading fees, focus on governance, and range of benefits and services, FTX Token is a token with a lot of potential for growth and success should FTX exchange still be operational.