It is halal crypto to trade.
What is FTT?
FTT is the native token of the FTX cryptocurrency exchange. It offers various benefits and utilities within the FTX ecosystem.
Key Features of FTT
- Exchange Fee Discounts: FTT holders receive discounts on trading fees on the FTX exchange. The discount tier is based on the amount of FTT held.
- Staking Rewards: FTT can be staked to earn additional FTT tokens or other cryptocurrencies (subject to exchange offerings).
- Collateralization: FTT can be used as collateral for margin trading on the FTX exchange.
Uses of FTT Token
- Reduced Trading Fees: By holding FTT, users can benefit from lower trading fees on the FTX exchange.
- Earning Staking Rewards: Staking FTT might offer opportunities to earn additional cryptocurrencies (not guaranteed on all platforms).
- Increased Borrowing Limits: FTT can be used as collateral to potentially increase borrowing limits for margin trading on FTX (subject to exchange rules).