FTX Token Price

FTX Token (FTT) is a cryptocurrency token that operates primarily on the BNB Beacon Chain (BEP2) platform. Launched in 2019, it was originally designed as the native utility token of a major cryptocurrency exchange, offering holders benefits such as reduced trading fees and platform privileges. Currently ranked #224 with a price of $1.06, FTT has seen a +16.52% change in the last 24 hours. Its market capitalization stands at $349.28M with a 24-hour trading volume of $11.8M. FTT has a circulating supply of 328.89M FTT out of a total supply of 328.89M FTT. The token is also available on Ethereum and Solana blockchains. Following the bankruptcy proceedings of its parent exchange, FTT's utility has been significantly reduced, and tokens may be liquidated to pay creditors. Despite these challenges, it continues to be traded across multiple platforms.

FTX Token was created on May 8, 2019, when the FTX Token exchange platform was launched. Initially, FTT served as a reward token for transactions on the platform, but its utility later expanded to include various functions within the ecosystem. The token operates on multiple blockchains including BNB Beacon Chain (BEP2), Ethereum, and Solana.

FTX Token was founded by Sam Bankman-Fried (SBF) and his team when they launched the FTX exchange in 2019. SBF served as the CEO of FTX and was the primary figure behind the creation and implementation of FTT. The token was designed as a utility token for the FTX ecosystem, offering trading fee discounts and other benefits to holders. Gary Wang, who was FTX's CTO, and other early FTX team members were also instrumental in the development of FTT. Following FTX's collapse in November 2022, the token lost most of its utility and value, and is now part of the FTX bankruptcy proceedings.

FTX Token (FTT) operates as a utility token on multiple blockchain platforms including BNB Beacon Chain, Ethereum, and Solana. The token functions primarily as: 1. Fee reduction: Users holding FTT receive trading fee discounts up to 60% through weekly rebates 2. Collateral: FTT can be used as collateral for futures trading positions 3. Governance: Token holders previously had voting rights on platform developments 4. Staking rewards: Users could stake FTT to earn passive income Currently priced at $1.06 with a market cap of $349.28M, FTT has 328.89M FTT tokens in circulation out of a total supply of 328.89M FTT. While FTT was originally designed as the native token of a major cryptocurrency exchange, its utility has been significantly impacted since 2025 due to bankruptcy proceedings of its parent company. The token continues to trade on various platforms despite these challenges, with a 24-hour trading volume of $11.8M.

FTX Token operates on a multi-chain architecture, primarily built on three blockchain platforms. It was initially deployed on the BNB Beacon Chain (BEP2) as its primary network, with token identifier FTT-F11. The token also exists as an ERC-20 token on the Ethereum blockchain and as a token on the Solana blockchain. This multi-chain implementation allows FTX Token to leverage the unique advantages of each blockchain ecosystem - BNB's efficiency, Ethereum's security and widespread adoption, and Solana's high throughput capabilities. The token utilizes smart contract functionality for various utility purposes within its ecosystem. The technical design includes built-in mechanisms for token burns, staking, and fee discounts that were central to its original utility model. While FTX Token no longer serves its original purpose due to bankruptcy proceedings, its technical architecture remains an example of cross-chain token implementation in the cryptocurrency space.

The future of FTX Token is uncertain following the FTX bankruptcy proceedings. Currently, FTT has limited utility as the token no longer serves its original purpose within the FTX ecosystem. The roadmap is essentially non-existent in its traditional sense, as FTT is primarily being managed as part of bankruptcy proceedings. At $1.06 with a market cap of $349.28M, FTT continues to trade on various platforms despite its uncertain future. The token may eventually be liquidated by the bankruptcy estate to pay creditors. Any future value would likely depend on potential restructuring efforts or acquisition of rights to the token by new entities. Investors should understand that FTT's price movements (currently +16.52% in 24 hours) are largely speculative and not based on fundamental development progress or utility. Unlike active cryptocurrency projects, FTT lacks an active development team or roadmap for 2025 and beyond.