BITCOIN

₹63,18,405.14

0.808%

ETHEREUM

₹3,26,189.46

0.487%

TETHER USDT

₹93.02

0.027%

BNB

₹55,690.96

0.347%

SOLANA

₹16,694.50

3.267%

USDC

₹92.98

0.014%

XRP

₹55.23

0.167%

DOGECOIN

₹12.76

1.651%

CARDANO

₹40.00

1.641%

AVALANCHE

₹2,997.25

11.931%

TRON

₹12.49

0.245%

SHIBA INU

₹0.001681

0.913%

POLKADOT

₹589.81

0.076%

CHAINLINK

₹1,360.38

2.261%

BITCOIN CASH

₹36,547.45

1.217%

NEAR PROTOCOL

₹579.96

0.83%

LITECOIN

₹6,840.62

0.042%

POLYGON

₹50.26

0.048%

PEPE

₹0.001143

0.298%

INTERNET COMPUTER

₹963.48

0.655%

BITCOIN

₹63,18,405.14

0.808%

ETHEREUM

₹3,26,189.46

0.487%

TETHER USDT

₹93.02

0.027%

BNB

₹55,690.96

0.347%

SOLANA

₹16,694.50

3.267%

USDC

₹92.98

0.014%

XRP

₹55.23

0.167%

DOGECOIN

₹12.76

1.651%

CARDANO

₹40.00

1.641%

AVALANCHE

₹2,997.25

11.931%

TRON

₹12.49

0.245%

SHIBA INU

₹0.001681

0.913%

POLKADOT

₹589.81

0.076%

CHAINLINK

₹1,360.38

2.261%

BITCOIN CASH

₹36,547.45

1.217%

NEAR PROTOCOL

₹579.96

0.83%

LITECOIN

₹6,840.62

0.042%

POLYGON

₹50.26

0.048%

PEPE

₹0.001143

0.298%

INTERNET COMPUTER

₹963.48

0.655%

BITCOIN

₹63,18,405.14

0.808%

ETHEREUM

₹3,26,189.46

0.487%

TETHER USDT

₹93.02

0.027%

BNB

₹55,690.96

0.347%

SOLANA

₹16,694.50

3.267%

USDC

₹92.98

0.014%

XRP

₹55.23

0.167%

DOGECOIN

₹12.76

1.651%

CARDANO

₹40.00

1.641%

AVALANCHE

₹2,997.25

11.931%

TRON

₹12.49

0.245%

SHIBA INU

₹0.001681

0.913%

POLKADOT

₹589.81

0.076%

CHAINLINK

₹1,360.38

2.261%

BITCOIN CASH

₹36,547.45

1.217%

NEAR PROTOCOL

₹579.96

0.83%

LITECOIN

₹6,840.62

0.042%

POLYGON

₹50.26

0.048%

PEPE

₹0.001143

0.298%

INTERNET COMPUTER

₹963.48

0.655%

BITCOIN

₹63,18,405.14

0.808%

ETHEREUM

₹3,26,189.46

0.487%

TETHER USDT

₹93.02

0.027%

BNB

₹55,690.96

0.347%

SOLANA

₹16,694.50

3.267%

USDC

₹92.98

0.014%

XRP

₹55.23

0.167%

DOGECOIN

₹12.76

1.651%

CARDANO

₹40.00

1.641%

AVALANCHE

₹2,997.25

11.931%

TRON

₹12.49

0.245%

SHIBA INU

₹0.001681

0.913%

POLKADOT

₹589.81

0.076%

CHAINLINK

₹1,360.38

2.261%

BITCOIN CASH

₹36,547.45

1.217%

NEAR PROTOCOL

₹579.96

0.83%

LITECOIN

₹6,840.62

0.042%

POLYGON

₹50.26

0.048%

PEPE

₹0.001143

0.298%

INTERNET COMPUTER

₹963.48

0.655%

BITCOIN

₹63,18,405.14

0.808%

ETHEREUM

₹3,26,189.46

0.487%

TETHER USDT

₹93.02

0.027%

BNB

₹55,690.96

0.347%

SOLANA

₹16,694.50

3.267%

USDC

₹92.98

0.014%

XRP

₹55.23

0.167%

DOGECOIN

₹12.76

1.651%

CARDANO

₹40.00

1.641%

AVALANCHE

₹2,997.25

11.931%

TRON

₹12.49

0.245%

SHIBA INU

₹0.001681

0.913%

POLKADOT

₹589.81

0.076%

CHAINLINK

₹1,360.38

2.261%

BITCOIN CASH

₹36,547.45

1.217%

NEAR PROTOCOL

₹579.96

0.83%

LITECOIN

₹6,840.62

0.042%

POLYGON

₹50.26

0.048%

PEPE

₹0.001143

0.298%

INTERNET COMPUTER

₹963.48

0.655%

BITCOIN

₹63,18,405.14

0.808%

ETHEREUM

₹3,26,189.46

0.487%

TETHER USDT

₹93.02

0.027%

BNB

₹55,690.96

0.347%

SOLANA

₹16,694.50

3.267%

USDC

₹92.98

0.014%

XRP

₹55.23

0.167%

DOGECOIN

₹12.76

1.651%

CARDANO

₹40.00

1.641%

AVALANCHE

₹2,997.25

11.931%

TRON

₹12.49

0.245%

SHIBA INU

₹0.001681

0.913%

POLKADOT

₹589.81

0.076%

CHAINLINK

₹1,360.38

2.261%

BITCOIN CASH

₹36,547.45

1.217%

NEAR PROTOCOL

₹579.96

0.83%

LITECOIN

₹6,840.62

0.042%

POLYGON

₹50.26

0.048%

PEPE

₹0.001143

0.298%

INTERNET COMPUTER

₹963.48

0.655%

BITCOIN

₹63,18,405.14

0.808%

ETHEREUM

₹3,26,189.46

0.487%

TETHER USDT

₹93.02

0.027%

BNB

₹55,690.96

0.347%

SOLANA

₹16,694.50

3.267%

USDC

₹92.98

0.014%

XRP

₹55.23

0.167%

DOGECOIN

₹12.76

1.651%

CARDANO

₹40.00

1.641%

AVALANCHE

₹2,997.25

11.931%

TRON

₹12.49

0.245%

SHIBA INU

₹0.001681

0.913%

POLKADOT

₹589.81

0.076%

CHAINLINK

₹1,360.38

2.261%

BITCOIN CASH

₹36,547.45

1.217%

NEAR PROTOCOL

₹579.96

0.83%

LITECOIN

₹6,840.62

0.042%

POLYGON

₹50.26

0.048%

PEPE

₹0.001143

0.298%

INTERNET COMPUTER

₹963.48

0.655%

BITCOIN

₹63,18,405.14

0.808%

ETHEREUM

₹3,26,189.46

0.487%

TETHER USDT

₹93.02

0.027%

BNB

₹55,690.96

0.347%

SOLANA

₹16,694.50

3.267%

USDC

₹92.98

0.014%

XRP

₹55.23

0.167%

DOGECOIN

₹12.76

1.651%

CARDANO

₹40.00

1.641%

AVALANCHE

₹2,997.25

11.931%

TRON

₹12.49

0.245%

SHIBA INU

₹0.001681

0.913%

POLKADOT

₹589.81

0.076%

CHAINLINK

₹1,360.38

2.261%

BITCOIN CASH

₹36,547.45

1.217%

NEAR PROTOCOL

₹579.96

0.83%

LITECOIN

₹6,840.62

0.042%

POLYGON

₹50.26

0.048%

PEPE

₹0.001143

0.298%

INTERNET COMPUTER

₹963.48

0.655%

BITCOIN

₹63,18,405.14

0.808%

ETHEREUM

₹3,26,189.46

0.487%

TETHER USDT

₹93.02

0.027%

BNB

₹55,690.96

0.347%

SOLANA

₹16,694.50

3.267%

USDC

₹92.98

0.014%

XRP

₹55.23

0.167%

DOGECOIN

₹12.76

1.651%

CARDANO

₹40.00

1.641%

AVALANCHE

₹2,997.25

11.931%

TRON

₹12.49

0.245%

SHIBA INU

₹0.001681

0.913%

POLKADOT

₹589.81

0.076%

CHAINLINK

₹1,360.38

2.261%

BITCOIN CASH

₹36,547.45

1.217%

NEAR PROTOCOL

₹579.96

0.83%

LITECOIN

₹6,840.62

0.042%

POLYGON

₹50.26

0.048%

PEPE

₹0.001143

0.298%

INTERNET COMPUTER

₹963.48

0.655%

BITCOIN

₹63,18,405.14

0.808%

ETHEREUM

₹3,26,189.46

0.487%

TETHER USDT

₹93.02

0.027%

BNB

₹55,690.96

0.347%

SOLANA

₹16,694.50

3.267%

USDC

₹92.98

0.014%

XRP

₹55.23

0.167%

DOGECOIN

₹12.76

1.651%

CARDANO

₹40.00

1.641%

AVALANCHE

₹2,997.25

11.931%

TRON

₹12.49

0.245%

SHIBA INU

₹0.001681

0.913%

POLKADOT

₹589.81

0.076%

CHAINLINK

₹1,360.38

2.261%

BITCOIN CASH

₹36,547.45

1.217%

NEAR PROTOCOL

₹579.96

0.83%

LITECOIN

₹6,840.62

0.042%

POLYGON

₹50.26

0.048%

PEPE

₹0.001143

0.298%

INTERNET COMPUTER

₹963.48

0.655%

Home

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Coins

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Ftx-token

FTT

FTX Token

FTT

₹132.53

LIVE

24H Low ₹129.74

24H High ₹132.98

Price of FTT today

The current live price of FTT today is ₹132.53, with a 24-hour trading volume of ₹95,75,28,846.30. Our FTT to INR price is updated in real-time. FTT has seen a decrease of -0.55% in the last 24 hours. With a live market cap of ₹43,38,69,42,651.51 , the circulating supply is at 328,895,104 FTT coins, with a maximum supply of 328,895,104FTT coins.

FTX Token Price History

Date ComparisonAmount Change% Change
Today₹0.0093

0.01%

7 Days₹7.45

5.96%

30 Days-₹4.77

3.48%

1 Year-₹2,106.92

94.08%

FTX Token Price Information

Price Change (1hr)

0.7%

Price Change (24hr)

0.01%

Price Change (7d)

5.96%

FTX Token Market Stats

Market Cap

₹43,38,69,42,651.51

Fully Diluted Market Cap

₹43,38,69,42,651.51

24hr Volume

₹95,75,28,846.30

13.12%

Circulating Supply

328895103.81 FTT

Total Supply

328895103.81 FTT

Things to know about FTX Token

What is the token?

FTX Token (FTT) is the core utility token of the FTX cryptocurrency exchange, known for its derivatives and leveraged trading options. Created by Sam Bankman-Fried and Gary Wang on May 8, 2019, FTT offers users within its ecosystem various perks such as reduced trading fees, staking rewards, and insurance fund benefits. It's integral to the platform's leveraged tokens and other unique trading offerings.

Tokenomics

  • Total Supply

  • : 352,170,015 FTT

  • Token Type

  • : ERC-20, also available on Solana and Binance Chain

  • Allocation

  • : 175 million reserved for FTX's treasury, unlocked over three years post-launch

  • Usage

  • : Trading fee discounts, staking rewards, insurance fund coverage

Market Data

As of today 21 July 2024, the price of FTX Token is ₹132.53 INR, with a 24-hour trading volume of 10296009.1 USD. The market capitalization for FTX Token is 466526265.07USD. The circulating supply is 328895103.81 FTX Token, with the total supply also being 328895103.81 FTX Token.

Token Pros and Cons

Pros:

  • Utility within the FTX Ecosystem

  • : FTT holders enjoy reduced trading fees, higher leverage limits, and access to exclusive features.

  • Token Burn Mechanism

  • : A portion of FTX's revenue is used to buy back and burn FTT, reducing supply and potentially increasing value.

  • Governance Rights

  • : FTT holders can vote on key decisions within the FTX platform, influencing its future direction.

  • Access to Tokenized Assets

  • : FTT holders benefit from the trading of tokenized versions of traditional assets on FTX.

  • Integration with Other Platforms

  • : FTX's partnerships allow FTT holders to access benefits and services beyond the exchange.

Cons:

  • Market Volatility

  • : FTT, like all cryptocurrencies, is subject to high market volatility.

  • Regulatory Risks

  • : Changes in cryptocurrency regulations could impact FTT's utility and value.

  • Platform Dependency

  • : FTT's value is closely tied to the success and integrity of the FTX platform.

  • Liquidity Concerns

  • : In times of market stress, liquidity for FTT could diminish.

  • Competition

  • : The emergence of new exchanges and tokens could dilute FTT's market position.

Why Should You Invest in the Coin?

  • Strong Ecosystem Utility

  • : FTT offers tangible benefits for users of the FTX exchange, including fee discounts and governance participation.

  • Deflationary Mechanism

  • : Regular token burns reduce supply, potentially increasing FTT's value over time.

  • Backing by a Reputable Team

  • : FTX's leadership has a proven track record in the cryptocurrency and finance sectors.

  • Innovative Trading Products

  • : FTX's continuous introduction of new trading products can drive demand for FTT.

  • Growing Adoption

  • : FTX's increasing user base and volume could lead to greater demand for FTT.

USP of the Coin

  • Token Burn Model

  • : FTT's use of a portion of exchange revenues to buy back and burn tokens creates deflationary pressure.

  • Governance Participation

  • : FTT holders have a say in the exchange's future, a rare feature among exchange tokens.

  • Diverse Utility

  • : Beyond trading fee discounts, FTT provides benefits like insurance fund coverage and staking rewards.

Problem the Coin is Solving

FTT addresses the need for a utility token that offers exchange users tangible benefits, such as reduced fees and governance rights, while also supporting the financial stability and governance of the exchange itself through its token burn and staking mechanisms.

Founder and Team Background

Sam Bankman-Fried, an MIT graduate and former Jane Street Capital trader, and Gary Wang, a software engineer, co-founded FTX. Their backgrounds in trading, software development, and cryptocurrency have been pivotal in FTX's rapid growth and innovation.

ICO Price

FTX Token (FTT) had multiple funding rounds to support FTX exchange's development:

  • ICO Rounds:

  • Seed round at $0.10, strategic round at $0.20, and final round at $0.40 per FTT, raising a total of $20 million across all rounds. Millions of tokens were sold in each round to ensure wide distribution and attract early investors.

  • Private and Seed Rounds:

  • Before the ICO, a seed round priced at $0.04 per token raised $7.23 million. Subsequent Series A, B, and C rounds attracted significant venture capital, with Series C valuing FTX at $32 billion.

  • Token Burns: FTX has implemented a token burn mechanism where a portion of the exchange's fees, insurance fund gains, and other revenues are used to buy back and burn FTT tokens, reducing the overall supply and potentially increasing the token's value.

Risks Associated in Investing in FTT

  • Platform Risk

  • : Any operational issues or security breaches at FTX could negatively impact FTT's value.

  • Regulatory Changes

  • : New regulations could restrict FTX's operations or FTT's utility.

  • Market Competition

  • : The emergence of superior platforms or tokens could reduce demand for FTT.

  • Liquidity Risk

  • : FTT could face liquidity issues during market downturns.

  • Dependence on FTX's Success

  • : FTT's value is heavily dependent on the continued success and integrity of the FTX exchange.

Whitepaper Insights

The FTX Token (FTT) whitepaper outlines the design, utility, and economic model of FTT within the FTX cryptocurrency exchange ecosystem. FTT is introduced as a utility token that provides several benefits to its holders, including reduced trading fees, staking rewards, and a say in governance decisions through voting rights. The whitepaper details the tokenomics of FTT, including its total supply, distribution, and the deflationary mechanism through which a portion of the exchange's revenues is used to buy back and burn FTT tokens regularly.

A significant portion of the whitepaper is dedicated to explaining the innovative trading products offered by FTX, such as leveraged tokens, futures, options, and prediction markets, and how FTT integrates into these offerings. It emphasizes the role of FTT in enhancing liquidity, reducing counterparty risks, and providing insurance fund coverage for the exchange.

The governance model facilitated by FTT is also a key focus, with the whitepaper explaining how FTT holders can influence the exchange's future direction, policy changes, and the addition of new features or tokens. This participatory approach aims to align the interests of FTX with its users, fostering a more democratic and transparent ecosystem.

Furthermore, the whitepaper addresses the risks associated with investing in FTT, including market volatility, regulatory changes, and platform-specific risks. It also outlines the measures FTX has implemented to mitigate these risks, such as robust security protocols, transparent operations, and compliance with regulatory standards.

In conclusion, the FTX Token whitepaper presents FTT as a central component of the FTX ecosystem, designed to incentivize participation, ensure the platform's long-term viability, and offer tangible benefits to its users. It positions FTT as a unique offering in the crowded field of exchange tokens by emphasizing its utility, governance features, and deflationary economic model.

Returns Calculator

One Time
Recurring

Investment Amount

Investment Period

Returns

9300

0%

FTT to Converter

Quantity

FTT

FTT

Price

fiat

Price as per 08:41 PM • 21 Jul 2024

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Have a question not answered?

You can contact us at help@mudrex.com

What is the price of FTX Token (FTT)?

The current price of FTX Token (FTT) in INR is ₹132.53 INR.

What is the current FTT market cap?

The current market capitalization of FTX Token (FTT) is ₹43,38,69,42,651.51 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of FTT by the number of coins in circulation.

What is the current supply of FTX Token (FTT)?

The current supply of FTX Token (FTT) is 328895103.81 FTT. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of FTX Token (FTT)?

The 24-hour trading volume of FTX Token (FTT) in INR is ₹95,75,28,846.30. This figure represents the total value of all FTT transactions across various exchanges within the last 24 hours.

How to Buy FTX Token (FTT) in India?

To buy FTX Token (FTT) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in FTT.

Can I buy FTX Token (FTT) with UPI?

Yes, you can buy FTX Token (FTT) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert FTX Token (FTT) to Indian Rupee (INR)?

To convert FTX Token (FTT) to Indian Rupee (INR), you can use our FTT/INR conversion rates in real time.

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