FTX Token, often abbreviated as FTT, is the native cryptocurrency of the FTX exchange, a platform for trading various digital assets. Launched in 2019, FTT is designed to enhance the trading experience for users of the exchange.Holding FTT offers several benefits. Users can gain discounts on trading fees, access to exclusive trading products, and participate in various platform promotions. FTX also employs a token buyback strategy, meaning part of the trading fees is used to buy back and burn FTT tokens, potentially increasing their value over time.The token plays a significant role in the FTX ecosystem, supporting features like margin trading and lending. Additionally, it serves as collateral for trading derivatives on the platform, providing users with more flexibility in their trading strategies. FTT has gained popularity due to its utility and the innovations offered by the FTX platform, although, like any other cryptocurrency, it comes with risks and market volatility.