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      FTX Token(FTT) burn 163,190 FTT ($6,150,000)

      https://s1.coincarp.com/logo/1/ftx-token.png?style=36's logo FTX Token(FTT)
      $1.6
      5.10%
      Tokenomics

      FTX burns FTT tokens according to the following metrics:

      • 33% of fees generated on FTX markets
      • 10% of net additions to the backstop liquidity fund
      • 5% of fees earned from other uses of the FTX platform

      On a weekly basis (every Monday), FTX buys FTT from its FTX/USD market. Purchased tokens are burned every Tuesday at 11:59 PM HKT (KST - 1).

      This week, on December 14th, 2021, FTX burned 163,190 FTT tokens ($6,150,000 USD).

      Details

      Token: FTT

      Amount (Tokens): 163190.0

      Value in USD: 6150000.0

      Announcement Type

      Reporting Results

      Other relevant information

      On-chain Transaction Details

      • Tx Hash: 0x84ea42c0e4aa8c0edcb3a5d72ea73e01708712f55c7991cac5356acff0bb772e
      • Status: Success
      • Block Height: 13805076
      • Timestamp: Dec-14-2021 07:04:38 PM +UTC
      • Transaction fee: 0.00233588016480443 Ether

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