2021-7-2 14:34 |
This article explores the investment potential of the FTX Token (FTT). From the history of the project to its investment prospects in the long term, this article provides the key information you need to make an informed investment decision.
For those of you who are interest in buying FTT coin right now, our team of analysts’ have listed their two best places to buy coins in the UK and elsewhere below.
How & where to buy FTX Token onlineThe best place to buy FTX crypto is an online cryptocurrency broker. While some investors and traders like to purchase their coins through a decentralised exchange (DEX), we feel crypto brokers offer a blend of low fees and quality customer service that is hard to ignore.
So, if you are looking for the best platforms to buy, sell and trade FTX coin, look no further than the options below:
eToroeToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.
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Safemoon TraderSafemoon Trader is a trading software offering users a wide range of cryptocurrency coins including SAFEMOON, DOGE and Bitcoin.
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What is FTX Token?The FTX Token (FTT) is a cryptocurrency that was founded by Sam Bankman-Fried and Gary Wang. It is backed by one of the world’s leading companies in the crypto trading sector, Almeda Research.
FTX itself is a cryptocurrency derivatives exchange that launched in May 2019, offering futures, leverages tokens and OTC trading. The primary focus of the platform is on institutional-grade solutions.
The FTT coin is native to FTX, and it is what powers the entire ecosystem. FTT has a circulating supply of around 94 million tokens and a total supply of 345 million. The FTX exchange is – at least in part – designed to increase network effects and demand for FTT while also decreasing its circulating supply.
The development team behind FTX claim to be some of the most well-known face in the cryptocurrency trading segment. It is said that they became dissatisfied with most mainstream crypto futures exchanges, so they endeavoured to create a superior solution in the form of FTX. Features such as clawback prevention, leveraged tokens, a centralised collateral pool and universal stablecoin settlement allegedly make FTX stand out from the crowd.
Should I buy FTX Token?If you believe in the credentials of the FTX exchange and its development team, and you want to be involved in the platform for the long term, or if you simply want to speculate on future price accretion, buying FTT coin now could be a prudent move.
However, before making any investment, make sure to conduct the necessary due diligence because if you don’t, the market can always catch you off-guard.
The cryptocurrency market is particularly volatile and unpredictable, so if you would rather invest in something more conventional and less risky, FTX may not be the right investment option.
Will FTX coin make me rich?Strange things have happened in the market this year (see Dogecoin), though this is extremely unlikely. You should never go into an investment expecting to be made rich because this can quickly cause you to lose sight of reality. Stay grounded and keep your eyes on the prize: solid returns.
FTX price predictionWe are unable to state a definitive FTT price prediction right now. There are simply too many variables and unknowns to produce an accurate forecast, and this is the case in general for cryptocurrencies.
For more on $FTT and other trending cryptocurrencies, read the Invezz crypto news for all the latest information you need to stay on top of your portfolio.
The post Where to buy FTX Token: FTT crypto is on the rise appeared first on Invezz.
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