FTX Token (FTT) is the native currency of the FTX crypto exchange. FTX is a very fast-growing and profitable exchange founded by 29-year-old billionaire Sam Bankman-Fried.
Bankman-Fried is pretty much the Midas of the crypto world. He’s a huge supporter and owner of Solana (SOL) while also owning the hottest exchange in the world.
FTX just signed Steph Curry to be an FTX ambassador and shareholder and bought the naming rights to multiple sports arenas, including the Miami Heat’s. Those moves are sure to generate a lot of interest in the exchange and its token.
FTX Token is one of the primary tokens I’ve been eyeing lately, but its price hasn’t dipped low enough for me to start building a position yet. Unfortunately I’ve been very late to this new wave of incredibly promising projects. Hopefully you were able to buy Solana and FTX Token at much lower prices, as these are crypto projects that are definitely worth investigating.
Of course, at any time there could be a major bug or other disaster. But I do think that this new generation of projects has an order of magnitude stronger potential than the 2017/2018 initial coin offering bonanza.