Get to Know FTT before You Buy! | Indodax Academy
icon search
icon search

Top Performers

Get to Know FTT before You Buy!

Home / Articles and Tutorials / judul_artikel

Get to Know FTT before You Buy!

FTT Coin, Aset Kripto Baru yang Gabung di Indodax

Table of Contents

This token is an FTX Leveraged Token that has leveraged exposure to crypto. Users can buy leveraged tokens like regular tokens on spot markets like Indodax. FTX maintains the Leverage Token price. Indodax is not responsible for the Leverage Token price from time to time.

This week, the FTT crypto asset will be listed on Indodax. Open deposit will start on August 18th, 2021 at 14:00 WIB (GMT+7) and open trading will start on August 19th, 2021 also at 14:00 WIB (GMT+7).

FTT is a crypto asset token of the crypto derivatives trading platform FTX which was launched on May 8, 2019.

Then, is there a difference in FTT trading on Indodax? Don’t worry, Indodax Academy will discuss it here because, before buying, it is important for you to find the background of a project so that you can have the most suitable crypto asset.

What is FTX Token (FTT)?

FTX was founded by Sam Bankman-Fried and Gary Wang. After finding problems with most crypto futures exchanges, the FTX team decided to launch their own platform. FTX claims due to features such as clawback prevention, centralized collateral pool, and universal stablecoin settlement.

Another feature of FTT is the leverage token, which allows traders to place leveraged positions without the need to trade on margin. If a trader wants to short a Bitcoin with 3x leverage, they can simply buy a short 3x leverage Bitcoin token at FTX. This token is compatible with ERC20 and can be listed on any spot exchange. FTX currently offers leveraged tokens XRP, BNB, TRX, BTC, ETH, EOS, USDT, and LEO.

Who is the Founder?

Sam Bankman-Fried is co-founder and chief executive officer at FTX: Cryptocurrency Derivatives Exchange. He is also CEO of Almeda Research and serves as director of development at the Center for Effective Altruism. He was also a trader at Jane Street Capital from 2014 to 2017. Bankman-Fried has a bachelor’s degree from the Massachusetts Institute of Technology.

Gary Wang is co-founder and chief technology officer at FTX: Cryptocurrency Derivatives Exchange. He is also the chief technology officer at Almeda Research. Prior to this, he worked as a software engineer, having moved from a software engineering internship at Google. He is also a software engineer intern at Facebook.

FTT Crypto Asset

FTT trading volume in 24 hours was $187,699,883 USD before listing on Indodax. FTX tokens are up 2.92% in the last 24 hours. CoinMarketCap’s current rating is #30, with an immediate market cap of $4,798,000,280 USD. FTT has an outstanding supply of 94,346,958 coins and max. supply 352.170,015 coins.

Since this token is a token of the FTX exchange, as usual, you have to find out the fundamental and technical analysis beforehand, yes! All crypto asset trading decisions are independent decisions by the user. Therefore, all risks arising from it, whether profit or loss, are not the responsibility of Indodax.

How to Buy FTT Crypto Assets on Indodax

For those of you who want to buy FTT crypto assets, you can buy them on Indodax starting August 12, 2021 at 14:00 WIB. Here’s how to buy FTT crypto assets:

  1. For those of you who are not yet a member, you can click the link here.
  2. After that, make a deposit. For those of you who are confused about how to deposit, click on this link.
  3. After your deposit and balance come in, you can return to the market.
  4. Look for FTT in the Rupiah market then click.
  5. After entering, all you have to do is buy by filling in the balance and at what price you want to buy FTT. You can also buy it instantly or directly at the current price.
  6. After that, you need to patiently wait for the price to increase for some time.
  7. After the price increases, you can sell at a higher price with the instant method.
  8. If you sell with the limit method, you can place an order after buying. Make sure you enter a higher number when selling.
Was this article helpful?

Rate this article

You already voted!
Related Articles

Find more articles based on your favourite topics.

INDODAX Market Signal July 31, 2023 Update
04/09/2023
INDODAX Market Signal July 31, 2023 Update

Find the latest analysis on Indodax Market Signal on July 31, 2023. Let’s learn about market trends and maximize your investment potential. Read now!

04/09/2023
Adventure Gold (AGLD) Token Now Available on INDODAX!
01/08/2023
Adventure Gold (AGLD) Token Now Available on INDODAX!

The original ERC20 Adventure Gold (AGLD) Token will officially appear on INDODAX! Don’t hesitate, let’s check it right now and get multiple benefits from this crypto asset!

01/08/2023
Rocket Pool (RPL) Coin Now Available on INDODAX!
01/08/2023
Rocket Pool (RPL) Coin Now Available on INDODAX!

Rocket Pool (RPL) Coin will be coming soon to INDODAX! Immediately check the asset info now and get multiple benefits in the following article.

01/08/2023