FTT will serve as the backbone of the development of the FTX ecosystem, with a total of 350,000,000 issued tokens. Through the FTT token application and token holding incentive mechanism we set up, we are confident to increase the market demand for FTT. The application scenarios of FTT include:
1) Platform token destruction/profit sharing: Before the total destruction of platform token FTT is reduced to half of the initial issuance, one-third of all handling fees generated on the FTX platform One will be used to buy back and burn FTT. Part of the transaction rebates on FTX OTC will also be used to buy back and destroy FTT.
2) Margin mortgage: Users can use FTT as a margin for contract positions, which is also conducive to improving the utilization rate and market demand of FTT.
3) Discount on transaction fee: After the FTT holding amount reaches a certain position, the holder will enjoy a discount on the contract transaction fee.
4) OTC transaction rebates: holders who hold a certain amount of FTT can receive OTC transaction rebates. (There is no handling fee for FTX's OTC transactions.)
5) OTC transaction repurchase: FTX will carry out a certain degree of FTT repurchase and destruction according to the OTC transaction volume and income.
6) Share of currency holders: Our background test and online simulation environment show that during the relatively large market period, our risk margin increased on a net basis, and there was no over-allocation; net income from partial risk reserves It will be distributed to FTT holders as a share.
7) Future prospects: FTT is the only circulating token in the FTX ecosystem, and is the backbone of the FTX ecological layout; the use scenarios of FTT will be more diverse in the future, and we will add more tokens to the platform. Many other digital currency derivatives.
