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FTX Token(FTT) burn 163,190 FTT ($6,150,000)
FTX TokenFTX 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
ETC reduction countdown
ETC reduction is expected to be completed on June 16, 2024
TokenomicsApproval: 87%
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