FTX Token (FTT)
CryptoScore Pro global score : 55/100 (computed on 2026-10-30)
The FTX Token (FTT) is a utility token native to the now-defunct FTX exchange, originally launched on Ethereum in April 2019 as a cornerstone of the platform’s ecosystem. Designed to function as both a governance and economic tool, FTT was intended to incentivize user engagement through discounted trading fees, collateral for futures trading, and participation in token sales. Its deflationary mechanism—where a portion of trading fees was used to buy back and burn FTT—aimed to create long-term value for holders by reducing the circulating supply over time. The token’s utility was deeply tied to FTX’s operations, offering holders access to exclusive features like reduced fee tiers and staking rewards, which positioned FTT as a critical asset for traders and institutional participants. However, the collapse of FTX in November 2022, triggered by liquidity crises and mismanagement at its sister entity, Alameda Research, left FTT in a state of limbo. Despite the exchange’s shutdown, the token remains active on multiple blockchains, including Ethereum, Solana, and TomoChain, though its ecosystem and utility have been severely disrupted. The persistence of FTT on-chain reflects its…
Scores by pillar
| Technology | 53/100 |
|---|---|
| Tokenomics | 39/100 |
| Team | 64/100 |
| Adoption | 69/100 |
| Liquidity | 63/100 |
| Compliance | 68/100 |
Market data
| Price | $0.2206 |
|---|---|
| 24h volume | $1.14M |
| 24h change | -6.33% |
| 7d change | -14.84% |
| Blockchain | Ethereum |
| Sector | Exchange |
Analysis
FTT is a utility token linked to the former FTX platform. It runs on the Ethereum chain. Its core mechanism relied on buying back and burning tokens through trading fees. The token was used to reduce trading fees and as collateral for futures contracts. The collapse of the exchange eliminated these uses.