FTT coin’s full name is FTX Token, which is the global ecological token of FTX digital currency derivatives exchange.
FTT coin is an ICO public fundraising project launched by the FTX platform in 2019. The FTT token is an ERC20 token. The total number of coins is 350 million. The FTX team retains half of it and is expected to sell a total of 175 million. The initial and main use of FTT platform currency is to offset transaction fees and increase transaction limits and quotas on the FTX platform. It is also commonly used for pledge and investment in other cryptocurrency derivatives.
Expansion information:
FTT currently has three main uses, namely staking discounts, instead of deposits, and participating in FTX IEO subscriptions.
1. Staking discount. On FTX, users can stake FTT on FTX to get more benefits. According to FTX’s official information, the discounts for staking FTT are implemented using a ladder system, which is divided into eight levels, ranging from zero pledge to 1 million pledges.
2. In lieu of deposit. When you hold FTT on FTX, you can use it as a margin to expand the efficiency of the use of funds. The reason why this can be done is because of FTX’s hybrid margin system. FTX allows many assets to be merged and converted into legal currency margin, which is more convenient in presentation. It allows your FTT to replace USD as reserve margin, so there is no need to deliberately retain a part of the legal currency. To use it can greatly increase the efficiency of the use of funds.
3. Participate in FTX IEO subscription. The full name of IEO is Initial Exchange Offerings, which is a way to issue new coins for the first time. The exchange leads the process of issuing new coins. The project party issues its own tokens through the exchange, and the exchange platform assists in raising funds, reducing the project party's time and capital costs during issuance. As an influential exchange, FTX regularly assists project parties in raising funds and releases IEO information, such as the previous SLRs, MER, OXY, MAPS, and the recent ATLAS pre-sale. When investors subscribe for IEO on FTX, they must first pledge FTT platform coins before they can subscribe. As long as you pledge more than 150 FTT, you can get 1 subscription coupon. Usually the return on investment on the first day IEO is listed is very high. If you hold FTT, you can subscribe to IEO and get tickets for potentially high returns.
FTT is a cryptocurrency token released on the Ethereum platform on August 15, 2018. It is the token of the FarmaTrust platform. It is also a digital currency with a total supply of 1 billion FTT at the time of release. FTT coins are listed on one exchange and circulate in as many as 7 active trading markets. Investors can trade FTT coins freely. The most active exchange for FTT coins is the Bitforex exchange.
Introduction to the FarmaTrust platformThe FarmaTrust platform is a tracking system that operates around the world, providing relevant security guarantees for national governments, regulatory agencies and the public, helping pharmaceutical companies to investigate and prevent counterfeit and shoddy drugs from entering the global supply chain. The FarmaTrust platform project uses high-end blockchain technology to seamlessly integrate into the global supply chain and accurately track every drug package released by pharmaceutical companies. It aims to eliminate counterfeit drugs, save lives, and improve the efficiency of the pharmaceutical industry around the world. quality level.
The FarmaTrust platform will unite with other platforms to create an interoperable and mutually beneficial platform network project.
The FarmaTrust platform project has identified the four main areas of concern in the global pharmaceutical industry, and has also created solutions to solve every problem in the pharmaceutical industry.
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