What Is FTX Token (FTT)?
FTT is the native cryptocurrency token of the crypto derivatives trading platform FTX that launched on May 8, 2019. The team behind FTX comprises some of the largest crypto traders over the past few years who, having found issues with most mainstream crypto futures exchanges, decided to launch their own platform. FTX claims that it stands out due to such features as clawback prevention, a centralized collateral pool, and universal stablecoin settlement.
In regards to clawback prevention, a significant amount of customer funds on other derivative exchanges have been claimed by socialized losses. FTX reduces this by using a three-tiered liquidation model.
On existing crypto futures exchanges, the collateral is fragmented across separate token wallets; this can be difficult for traders as it prevents positions from getting liquidated. On the other hand, FTX derivatives are stablecoin-settled and only require one universal margin wallet.
Another feature of the FTT is leveraged tokens, which allow traders to put leveraged positions without the need to trade on margin. If a trader wants to short Bitcoin with 3x leverage, they can simply buy a 3x short Bitcoin leveraged token on FTX.
These tokens are ERC20-compatible and can be listed on any spot exchange. FTX currently offers XRP, BNB, TRX, BTC, ETH, EOS, USDT, and LEO leveraged tokens.
Who Are the Founders of FTX Token?
The FTX Token or FTT was founded by Sam Bankman-Fried and Gary Wang.
Sam Bankman-Fried is the co-founder and chief executive officer at FTX: Cryptocurrency Derivatives Exchange. He is also the CEO of Almeda Research and worked as a director of development at the Centre for Effective Altruism. He was also a trader at Jane Street Capital from 2014 to 2017.
Bankman-Fried studied physics and has a bachelor’s degree from the Massachusetts Institute of Technology.
Gary Wang is the co-founder and chief technology officer at FTX: Cryptocurrency Derivatives Exchange.
He is also the chief technology officer at Almeda Research. Before this, he worked as a software engineer, after moving up from a software engineering intern at Google. He was also a software engineer intern at Facebook.
He has a Bachelor’s degree in mathematics and computer science from the Massachusetts Institute of Technology.
Is FTX Token a Good Investment?
Yes, FTX Token is a good investment. FTX is backed by Almeda Research, which is known as one of the leading companies in crypto trading and one of the largest liquidity providers.
As such, FTX is a product designed by professionals with confirmed expertise in the industry. They cover multiple services: from collateral to maintenance margin to liquidation processes and product listing. FTX also claims to be focused on fast development cycles, allowing them to deploy crypto trading systems at a competitive pace.
How Many FTX Token (FTT) Coins Are There in Circulation?
FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading with a focus on institutional-grade solutions.
The FTX Token is the backbone of the FTX ecosystem, which was designed to increase network effects and demand for FTT as well as decrease its circulating supply.
FTT has a circulating supply of around 94 million tokens as of February 2021 and a total supply of about 345 million.
How Is the FTX Token Network Secured?
FTT is an ERC-20-compatible exchange token. The Ledger Nano X/S hardware wallet allows users to securely store and manage the FTT tokens via its Ethereum app.
Both the FTT and the leveraged tokens security audits are done by the Blockchain Consilium auditing firm.
Where Can You Buy FTX Token (FTT)?
FTX Token or FTT can be purchased, sold and traded on several exchanges, including:
- Binance JEX
- HitBTC
- FTX
- Huobi Global
- Binance
FTT Price Live Data
The live FTX Token price today 4/12/2021 is $53.60 USD with a 24-hour trading volume of $269,657,378 USD. FTX Token is up 10.26% in the last 24 hours. The current CoinMarketCap ranking is #29, with a live market cap of $5,057,372,116 USD. It has a circulating supply of 94,346,958 FTT coins and a max. supply of 339,228,639 FTT coins.
FTX Token Price Prediction 2021
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Feb 2021 | $77.79 USD | 45.18 % |
| Mar 2021 | $87.89 USD | 64.04 % |
| Apr 2021 | $75.1 USD | 40.17 % |
| May 2021 | $70.88 USD | 32.29 % |
| Jun 2021 | $83.52 USD | 55.87 % |
| Jul 2021 | $83.55 USD | 55.92 % |
| Aug 2021 | $76.83 USD | 43.39 % |
| Sep 2021 | $78.87 USD | 47.2 % |
| Oct 2021 | $80.35 USD | 49.95 % |
| Nov 2021 | $83.7 USD | 56.22 % |
| Dec 2021 | $80.36 USD | 49.98 % |
FTX Token Price Prediction 2022
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Jan 2022 | $105.97 USD | 97.78 % |
| Feb 2022 | $89.7 USD | 67.4 % |
| Mar 2022 | $87.75 USD | 63.77 % |
| Apr 2022 | $100.66 USD | 87.87 % |
| May 2022 | $96 USD | 79.16 % |
| Jun 2022 | $91.88 USD | 71.47 % |
| Jul 2022 | $100.26 USD | 87.12 % |
| Aug 2022 | $83.5 USD | 55.84 % |
| Sep 2022 | $103.81 USD | 93.74 % |
| Oct 2022 | $88.39 USD | 64.97 % |
| Nov 2022 | $103.15 USD | 92.51 % |
| Dec 2022 | $106.07 USD | 97.97 % |
FTX Token Price Prediction 2023
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Jan 2023 | $96.63 USD | 80.35 % |
| Feb 2023 | $133.33 USD | 148.84 % |
| Mar 2023 | $109.25 USD | 103.89 % |
| Apr 2023 | $111.42 USD | 107.94 % |
| May 2023 | $94.32 USD | 76.03 % |
| Jun 2023 | $113.1 USD | 111.08 % |
| Jul 2023 | $115.82 USD | 116.15 % |
| Aug 2023 | $92.18 USD | 72.04 % |
| Sep 2023 | $108.79 USD | 103.04 % |
| Oct 2023 | $101.57 USD | 89.56 % |
| Nov 2023 | $127.69 USD | 138.31 % |
| Dec 2023 | $111.41 USD | 107.92 % |
FTX Token Price Prediction 2024
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Jan 2024 | $158.3 USD | 195.44 % |
| Feb 2024 | $132.57 USD | 147.41 % |
| Mar 2024 | $158.15 USD | 195.15 % |
| Apr 2024 | $137.97 USD | 157.5 % |
| May 2024 | $151.72 USD | 183.15 % |
| Jun 2024 | $111.61 USD | 108.3 % |
| Jul 2024 | $143.89 USD | 168.54 % |
| Aug 2024 | $141.17 USD | 163.47 % |
| Sep 2024 | $128.9 USD | 140.57 % |
| Oct 2024 | $109.34 USD | 104.07 % |
| Nov 2024 | $140.61 USD | 162.42 % |
| Dec 2024 | $125.22 USD | 133.7 % |
FTX Token Price Prediction 2025
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Jan 2025 | $136.67 USD | 155.06 % |
| Feb 2025 | $148.35 USD | 176.87 % |
| Mar 2025 | $156.26 USD | 191.64 % |
| Apr 2025 | $166.54 USD | 210.81 % |
| May 2025 | $156.75 USD | 192.54 % |
| Jun 2025 | $150.06 USD | 180.06 % |
| Jul 2025 | $154.28 USD | 187.94 % |
| Aug 2025 | $178.91 USD | 233.9 % |
| Sep 2025 | $135.23 USD | 152.38 % |
| Oct 2025 | $174.68 USD | 226.01 % |
| Nov 2025 | $153.48 USD | 186.44 % |
| Dec 2025 | $182.4 USD | 240.41 % |
FTX Token Price Prediction 2026
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Jan 2026 | $198.1 USD | 269.72 % |
| Feb 2026 | $207.34 USD | 286.96 % |
| Mar 2026 | $191.61 USD | 257.6 % |
| Apr 2026 | $192.7 USD | 259.64 % |
| May 2026 | $174.95 USD | 226.52 % |
| Jun 2026 | $190.09 USD | 254.76 % |
| Jul 2026 | $170.1 USD | 217.45 % |
| Aug 2026 | $169.85 USD | 216.99 % |
| Sep 2026 | $212.35 USD | 296.32 % |
| Oct 2026 | $202.96 USD | 278.78 % |
| Nov 2026 | $210.98 USD | 293.75 % |
| Dec 2026 | $210.25 USD | 292.4 % |
FTX Token Price Prediction 2027
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Jan 2027 | $217.87 USD | 306.61 % |
| Feb 2027 | $240.67 USD | 349.16 % |
| Mar 2027 | $202.55 USD | 278.01 % |
| Apr 2027 | $213.22 USD | 297.93 % |
| May 2027 | $209.48 USD | 290.95 % |
| Jun 2027 | $231.58 USD | 332.2 % |
| Jul 2027 | $239.71 USD | 347.37 % |
| Aug 2027 | $206.58 USD | 285.55 % |
| Sep 2027 | $229.46 USD | 328.24 % |
| Oct 2027 | $216.89 USD | 304.78 % |
| Nov 2027 | $192.34 USD | 258.97 % |
| Dec 2027 | $234.52 USD | 337.68 % |
FTX Token Price Prediction 2028
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Jan 2028 | $241.26 USD | 350.27 % |
| Feb 2028 | $228.21 USD | 325.91 % |
| Mar 2028 | $237.1 USD | 342.51 % |
| Apr 2028 | $241 USD | 349.78 % |
| May 2028 | $246.96 USD | 360.91 % |
| Jun 2028 | $233.56 USD | 335.89 % |
| Jul 2028 | $245.11 USD | 357.45 % |
| Aug 2028 | $235.04 USD | 338.65 % |
| Sep 2028 | $224.38 USD | 318.76 % |
| Oct 2028 | $239.11 USD | 346.26 % |
| Nov 2028 | $249.35 USD | 365.36 % |
| Dec 2028 | $245.32 USD | 357.84 % |
Final Verdict
FTX is a cryptocurrency exchange built by traders, for traders. FTX offers innovative products including industry-first derivatives, options, volatility products, and leveraged tokens. They strive to develop a platform robust enough for professional trading firms and intuitive enough for first-time users.
FTX was founded with the goal of donating to the world’s most effective charities. FTX, its affiliates, and its employees have donated over $10m to help save lives, prevent suffering, and ensure a brighter future.