If you’re familiar with the crypto space, you may have heard of FTX. FTX is one of the most popular exchanges in the world, backed by one of the largest liquidity providers in the crypto industry, Alameda Research. FTX offers many opportunities for investors to access the cryptocurrency exchange and the NFT marketplace. The FTX organization is rapidly growing and innovating new crypto projects globally. Their latest project is the launch of their token, FTT. FTT has tremendous potential and can significantly help the FTX ecosystem thrive in the long run. If you’re interested in getting involved with the new FTX token, here are a few key insights into the benefits of this new coin.
Unique Benefits of FTT
Every new cryptocurrency is uniquely designed to benefit and encourage investors to actively trade and hold that new coin. The tokenomics of a coin has to do with the rules, regulations, and benefits that are built into that coin’s design. You can explore the motivations and goals behind each token through its whitepaper. FTT was designed with specific benefits and features that make it an essential aspect of the FTX ecosystem and an advantageous investment for traders. Here are a few of those benefits:
The ability to burn crypto is an essential factor in the design of new tokens. Burning tokens involves permanently destroying a certain number of coins in circulation in order to regulate the value of the remaining tokens. The FTX team will regularly use a third of the money collected through fees on its platform to buy back FTT coins and burn them. This massive burn will help regulate the coin’s value and protect the investors’ interests. Burn is crucial because it directly impacts the market capitalization of that particular token.
Other benefits of FTT include fee discounts for anyone holding FTT on the FTX platform. Whether you’re trading crypto, buying NFTs, or minting your own NFTs, you can receive fee discounts. Further, due to the ample liquidity behind the FTX project, FTT offers robust clawback prevention that will help minimize socialized losses. With its three-tiered liquidation strategy, the possibility of clawbacks is significantly reduced.
Airdrops are another great benefit of investing in FTT. Airdrops are random distributions of free cryptocurrency to holders of a specific token. FTT holders will be given random drops of the SRM token to encourage the use of their new Serum DEX. The Serum DEX project is a decentralized exchange built by FTX to improve the nature of DEXs and help create an improved environment for decentralized exchange.
Become a Crypto BFF
One of the best ways to get involved with FTT is to become an FTT BFF. Crypto BFFs are integral members of the FTT community and help to educate and encourage new members to participate in the exchange and invest in the coin. Crypto BFFs are invited to exclusive events and can even host their own crypto events such as webinars, information sessions, etc. FTT BFFs are encouraged to share their own insights, opinions, and ideas at FTT events. The view of crypto BFFs matters and can have a significant impact on the future of the token. Becoming an FTT BFF is a great way to get involved directly with the FTT community and the FTX team. Accessing a community of experts and enthusiasts can help you make better investment decisions and new industry connections.
The FTT community is rapidly growing and can be highly beneficial to its members. You can learn more about FTT through the FTX platform and start applying to become a crypto BFF today.