{
  "url": "https://blockindex.ai/coin/ftt",
  "name": "FTX Token",
  "links": {
    "github": null,
    "website": "https://ftx.com/",
    "whitepaper": "https://docs.google.com/document/d/1u5MOkENoWP8PGcjuoKqRkNP5Gl1LLRB9JvAHwffQ7ec/view"
  },
  "dScore": 33,
  "market": {
    "priceUsd": 0.262210627708436,
    "marketCapUsd": 86239791.62109223,
    "volume24hUsd": 2885576.01986855,
    "priceChange7dPct": -5.52988681,
    "priceChange24hPct": -1.07249161
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": 352170015,
    "circulating": 328895103.813207,
    "circulatingPct": 93.39100144945814
  },
  "ticker": "FTT",
  "founder": "Sam Bankman‑Fried; Gary Wang",
  "vcFunded": true,
  "updatedAt": "2026-06-19T06:00:26.162644+00:00",
  "fairLaunch": false,
  "launchYear": 2019,
  "description": "FTX Token (FTT) was created in 2019 as the native utility token for the FTX exchange, designed to provide fee discounts, serve as staking collateral for benefits, enable leveraged token mechanics and underpin buyback-and-burn deflationary mechanics funded by a portion of exchange fees. Issued primarily as an ERC-20 token on Ethereum, FTT later had multi-chain representations on BNB Beacon Chain (BEP2/BEP-20), Solana (SPL) and other chains to support cross-chain product offerings. The token’s distribution, listing, and utility were tightly coupled with the commercial strategy of FTX Trading Ltd and related corporate entities; its lifecycle and market utility were materially impacted by the corporate collapse and Chapter 11 bankruptcy filing in November 2022.\n\nFrom a technical and ecosystem perspective, FTT is not a standalone blockchain but an ERC-20 smart contract and therefore relies on host chains for transaction settlement and security. Historically, FTT’s tokenomics included deflationary buy-backs and burns executed by the exchange using a portion of trading fees and other revenue sources, and the token powered on-exchange features such as discounted fees, staking tiers, and collateralization for certain leveraged products. The token was broadly listed across major centralized exchanges, supported by common Ethereum tooling such as Etherscan and mainstream analytics platforms. The project’s developer resources and open-source posture were not documented in the provided dataset; the token’s governance and operational control remained centralized through the exchange corporate structure.\n\nIn terms of adoption and market footprint, FTT reached its all-time high in September 2021 amid rapid platform expansion, widespread exchange listings and strong liquidity. Supply snapshots in public datasets show a maximum supply figure reported variously (commonly cited figures include ~352.17M max supply and circulating supply figures in the ~328.9M range). The token historically exhibited meaningful market capitalisation and trading volumes and was integrated into a broad set of exchange and wallet infrastructures. Notwithstanding that prior adoption, the onset of the FTX corporate collapse and subsequent bankruptcy filings in November 2022 dramatically reduced or eliminated many of the token’s prior utilities; public documentation in the provided files describes ongoing claims administration, potential liquidation of token assets by the estate and continued tracking on analytics platforms despite substantial legal and commercial uncertainty.\n\nGovernance and organizationally, FTT was managed by FTX (FTX Trading Ltd and affiliated entities), with founders Sam Bankman‑Fried and Gary Wang identified as leading figures. The project was not presented as a DAO or on-chain governance token in the provided dataset; rather, decision-making historically occurred at the corporate level. Post-bankruptcy, community efforts and ad hoc initiatives (including a recorded FTT DAO fundraising event in 2022) appeared in the dataset but no canonical on-chain governance regime controlling FTT was documented. The legal and regulatory context—most prominently the Chapter 11 filing and associated claims process administered via the Kroll portal—now dominates the token’s near-term narrative, shaping liquidity, listings and potential estate-driven disposition of token holdings.\n\nLooking forward, the dataset indicates limited active product roadmap or protocol development specific to FTT; instead, the token’s trajectory is closely tied to legal outcomes, claims administration, exchange relistings and secondary-market mechanisms (including platforms that emerged to trade claims). Any further recovery of utility would likely depend on decisions by estate administrators, relisting decisions by exchanges, and the resolution of claims. For risk assessment and scoring purposes, key missing inputs in the provided files included explicit premine/PIP figures and authoritative node metrics (node-tracker data is out of scope for a token and was not present). Primary next steps to complete an authoritative DSCORE-ready record include on-chain contract analysis (Etherscan contract creation and transfer history), reconciliation of supply snapshots across analytics platforms and review of legal disclosures from the bankruptcy/claims process.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 1",
    "isToken": true,
    "consensus": "Other",
    "parentChain": "ETH"
  },
  "dScoreComponents": {
    "autonomy": 5,
    "ageHistory": 13,
    "governance": 15,
    "nodeDistribution": 0,
    "initialDistribution": 0
  },
  "decentralizationVerdict": "Centralized Leaning"
}