Native utility token of the FTX exchange, price-controlled by regular buy-backs and burning. FTX uses 33% of the fees, 10% of the reserve fund, and 5% from other commissions to push FTT’s price. Used to pay less for leveraged token listing and order-making fees, staking. The main advantage of holding the token is lower fees and tighter spreads during trading, which is crucial for scalping.
Founders — Sam Bankman-Fried, co-founder and chief executive officer, current CEO of Alameda Research, trader at Jane Street Capital from 2014 to 2017; Gary Wang, co-founder and chief technology officer at FTX, active CTO at Alameda Research with expertise in software engineering.