FTX Token
FTTUSDView Detailed Chart
0.8443USD
-0.0077-0.90%
Time
1m
15m
30m
1h
4h
D
W
D
Today
-0.90%
5 Days
-5.90%
1 Month
-35.94%
6 Months
-57.01%
Year to Date
-78.07%
1 Year
-31.34%
View Detailed Chart
Key Data Points
Opening Price
0.8518Previous Closing Price
0.852Indicators
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
Sell
Indicators
Indicators
Value
Direction
MACD(12,26,9)
0.006
Neutral
RSI(14)
27.837
Sell
STOCH(KDJ)(9,3,3)
26.506
Neutral
ATR(14)
0.077
High Vlolatility
CCI(14)
-100.136
Sell
Williams %R
85.305
Oversold
TRIX(12,20)
-1.420
Sell
StochRSI(14)
0.000
Oversold
Moving Average
Indicators
Value
Direction
MA5
0.879
Sell
MA10
0.893
Sell
MA20
0.989
Sell
MA50
1.212
Sell
MA100
1.683
Sell
MA200
2.045
Sell
FTX Token News
FTX creditors to receive initial distributions in February 2025
FTX Trading Ltd. and the FTX Recovery Trust have revealed that the distribution to creditors will begin on February 18, 2025
CryptopolitanSat, Feb 8
USDC finally makes full recovery from FTX market crash
USDC, Circle’s once-battered stablecoin, has finally officially pulled off a full recovery from the disaster of FTX’s collapse. Its market cap is back at $56.2 billion, matching what it was before the crypto giant fell apart in November 2022, according to data from CoinMarketCap.
CryptopolitanSat, Feb 8
FTX Files $1.8 Billion Lawsuit Against Binance And Former CEO Changpeng Zhao
The estate of bankrupt crypto exchange FTX filed a lawsuit against Binance and its former CEO, Changpeng Zhao, for alleged fraudulent transfers and starting a campaign to “destroy” its competitor.
BitcoinistTue, Nov 12
FTX token surges 63% amid hope of repayment
FTX Token (FTT) recorded a massive price spike of 63% on Monday morning as the hope of repayment among investors jumps in.
CryptopolitanMon, Sep 30
More Details of FTX Token
FTX Token (FTT) is the native cryptocurrency of the FTX crypto derivatives trading platform, which launched in 2019. The FTT token was created to serve various functions within the FTX ecosystem.
One of the primary use cases of FTT is to provide discounts on trading fees on the FTX exchange. Users who hold FTT tokens can enjoy reduced trading fees and tighter spreads, with the potential for up to a 60% discount. This incentivizes users to hold and use the FTT token on the platform.
Additionally, FTT can be used as collateral for opening leveraged trading positions on FTX. This allows traders to access higher leverage without the need for additional margin. The FTT token also provides insurance protection, ensuring a net profit for traders in times of market volatility and preventing margin calls.
FTX regularly buys back and burns a portion of the FTT tokens, which are sourced from various revenue streams, including 33% of trading fees, 10% of the reserve fund, and 5% of other commissions. This token burn mechanism is designed to help maintain the value of FTT by reducing the overall supply.
The FTT token also grants various perks and benefits to its holders, such as the ability to participate in airdrops, access exclusive IEOs, and receive bonus votes. Users can stake their FTT tokens to further capitalize on these benefits, such as discounts and the opportunity to win NFTs.
The FTX platform was founded by Sam Bankman-Fried and Gary Wang, who have significant experience in the crypto industry. Bankman-Fried previously worked as a trader at Jane Street Capital, while Wang served as the chief technology officer at FTX.
However, it's important to note that the FTX exchange and the FTT token are currently undergoing bankruptcy proceedings, following the collapse of the FTX platform in November 2022. This means the FTT token may no longer have any practical use, and the future of the token is uncertain. Investors should exercise caution when considering any involvement with the FTT token or the FTX platform.
What is the current status of the FTX Token (FTT)?
The FTX bankruptcy proceedings are currently underway. The FTT token no longer has any use, and may be liquidated by the estate to pay creditors. The page advises users to "proceed with caution" when it comes to the FTT token.
The FTT token was the native cryptocurrency token of the FTX crypto derivatives trading platform, which filed for Chapter 11 bankruptcy protection in the U.S. on November 11, 2022. With the exchange now in bankruptcy proceedings, the FTT token has effectively lost its utility and may be sold off by the estate to pay creditors. Investors and users are cautioned to be extremely careful when dealing with the FTT token, as its future and value are highly uncertain at this point.
What were the key features and use cases of the FTX Token (FTT) before the FTX bankruptcy?
Before the FTX bankruptcy, the FTT token had several key features and use cases within the FTX ecosystem:
Trading Fee Discounts: FTT token holders could get discounts on trading fees on the FTX exchange, with discounts of up to 60% for the most active traders.
Collateral for Futures Positions: Traders could use FTT tokens as collateral to open leveraged futures positions on the FTX platform.
Rewards and Airdrops: FTT token holders could earn rewards, participate in airdrops, and receive bonus votes through the FTX platform.
Listing Fees: Projects building leveraged tokens on FTX could pay listing fees using FTT.
Buyback and Burn: FTX would regularly buy back and burn a portion of the FTT token supply using 33% of its trading fees, 10% of its reserve fund, and 5% of other commissions.
The FTT token was designed to incentivize participation in the FTX ecosystem and help maintain the value of the token. However, with the collapse of FTX, the FTT token has lost all of its utility and may end up being liquidated to pay off creditors in the bankruptcy proceedings.
What were the benefits of the FTX derivatives platform and how did the FTT token fit into the ecosystem?
Before the FTX bankruptcy, the FTX derivatives platform was touted for several innovative features compared to other mainstream crypto futures exchanges:
Clawback Prevention: FTX had a three-tiered liquidation model that aimed to prevent the kind of "socialized losses" that have occurred on other exchanges, where customer funds have been seized to cover exchange shortfalls.
Centralized Collateral Pool: Rather than having fragmented collateral across separate token wallets, FTX derivatives positions were stablecoin-settled and only required a single universal margin wallet. This made it easier for traders to manage their positions.
Leveraged Tokens: FTX offered ERC-20 compatible "leveraged tokens" that allowed traders to take leveraged positions without the need to trade on margin directly. This provided an alternative to complex margin trading.
The FTT token was integral to this FTX derivatives ecosystem. FTT holders received discounts on trading fees, could use FTT as collateral, and participated in FTX's token buyback and burning program. This helped drive demand and adoption of the FTT token within the FTX platform.
However, with the collapse of FTX, the innovative features of the derivatives platform are no longer accessible, and the FTT token has lost all of its utility, leaving its future and value highly uncertain as the bankruptcy proceedings unfold.
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