What is FTX, you may be wondering? FTX token is a utility token built on top of the EOSIO protocol. The FTX token allows its holders to participate in the FTX ecosystem through voting, staking, and governance.
FTX is a project that aims to create a new financial system where anyone can invest in the future of their country. It means they can vote for projects that will improve their lives, such as healthcare or education.
FTX has created a unique way to fund the development of these projects. They have developed a smart contract that allows investors to stake their tokens for rewards. In return, they receive dividends from this investment, which they then use to create new projects.
The FTX ecosystem is not only focused on funding new projects but also on improving the existing ones. By allowing users to vote on different aspects of the development of current projects, the FTX team is creating a decentralized economy by using blockchain technology.
How Can I Get Started?
It’s easy! Follow these steps:
- Download the FXT Wallet App.
- Once downloaded, go to ”Settings.”
- Fill out your email address and password.
- Enter your details into the appropriate sections.
- Click ”Create Account.
You should now have an account created.
How Do You Buy The FTX Token
The method is simple and easy.
There are two ways to buy FTX as follows:
- You must first open a Freewallet account. It is free and very easy to do. Just follow the instructions on how to create one. You don’t need any details except your email address.
- Alternatively, you can start selling your crypto assets and then move them to another wallet where you have control over your private keys (i.e., your Bitcoin Wallet). To sell your coins, you head over to the exchange platform where you wish to trade them. Then, follow the steps provided by the platform itself.
What’s FXT Good For?
To start, it’s good for anybody looking to trade Forex (FX) pairs like EUR/USD, USD/JPY, or USDCAD. You can even use it to buy cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple. Since it uses smart contracts, it allows users to easily make transactions within the platform.
Why should you Invest in FX Token?
Because it’s cheap – The current price is 0.00002545 BTC ($0.0037) which means that each unit of FXT will cost you less than 1 cent. This makes it one of the cheapest coins out there;
- To buy Cryptocurrency – With the ability to buy and sell cryptos directly through the FXT platform, you’re able to make instant payments.
- To Trade Cryptocurrencies – With FXT’s built-in exchange system, you can easily swap between cryptocurrencies.
- To Make Payments – FXT lets you send and receive payments across all exchanges.
- To Pay Bills – Using FXT, you can pay your monthly electricity bills using the ETH blockchain.
All of this without incurring any additional fees.
What’s So Special About FTX?
It’s built around the idea of Fair Trade. The FTX team knows that not everybody has the same opportunities, but they want to change that. That’sThat’s why they created this unique token that gives all its holders equal rights.
They believe that blockchain technology would bring transparency and fairness into our society, thus giving everyone access to the same resources and opportunities.
It helps you earn passive income while supporting projects of your choice
By buying the FTX token, you will automatically gain access to the marketplace. You’ll find lots of different products that you can choose from there. Some of these may range from software to physical goods.
If you happen to be interested in something particular, click on it and wait until someone buys it. Once it does, you’ll automatically receive the purchase price plus some extra rewards.
These extra rewards depend on the amount of FTX tokens you hold. They could be in the form of either discounts or bonuses depending on the type of item you bought.
Your Investment Is Protected Against Inflation
When you invest in cryptocurrency, you risk losing money because of its volatile nature. However, the FTX team ensures that investors never lose anything due to inflation. As long as the value of the token increases over time, you’ll consistently profit. But if it drops below a certain point, you’ll still get 100% back.
It’s Open-Source So That Anyone Can Join
The FTX Team understands that being decentralized is vital for cryptocurrency. So, instead of keeping everything a secret, they’ve opted to release their code publicly. By doing so, anyone who wants to look at the source codes can do so without paying anything.
It Offers an Innovative Bonus Model
One of the significant problems associated with similar platforms is that most focus too much on having a low minimum threshold before offering a reward. In contrast, the FTX team believes that rewarding people only after they contribute more than $1 should be enough motivation to keep them coming back.
The FTX Token Is Also Suitable For Marketing
In addition to the profits generated, the FTX team plans to use the FTX token to promote the project. After all, one way to increase the awareness of a new product is to give away free stuff. And when we talk about free stuff, we mean free coins.
You Can Now Trade Cryptocurrencies on Any Exchange
You might have heard that trading is impossible on most online exchanges. Because of the high fees involved, most traders are left with few options. Fortunately, this is no longer the case.
Thanks to some clever coding, the FTX team made it possible to trade any currency on any exchange, including Coinbase, Kraken, Bitstamp, Bittrex, Poloniex, etc. In conclusion, it’s important to note that the FTX team has done fantastic work in bringing us closer to a fairer and more transparent world.
However, we also understand that no matter what, there will always be people that don’t trust new ideas. We hope those concerns will soon disappear once the FTX team proves that this project truly works.