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

$1.34

5.79%

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

Approbation:89% Votes:228

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