Review on FTX Token by Özgün A
FTX in the top 10
FTX Token was created to enable users using leveraged transactions to perform their transactions safely and quickly. Since it is supported by Alameda Research, it appears as a very reliable token. Coins supported by large companies are always open.
FTX token has its own leverage algorithm. In this way, it is fast and reliable as transactions are processed through its own information system. So to go a little further: These leveraged tokens eliminate the need for investors to make complex long-term transactions to do the same business and simplify the process.
Since there is no margin requirement for leveraged tokens, we can calculate investment risk in a simpler way. And when these processes are turned into a process, our transactions take place automatically and quickly.
Of course, this system is used more by market makers because they are the ones who actually use the system. But of course it helps us too.
But now leveraged tokens have been removed from the system. Of course it has not been removed completely. Removed for users with small assets.
Updated 4 years ago
Rating changed from 5 to 4
I have already written many times that from 2021 it will be the year of the rise of crypto money. Ftx token will experience one of these spikes. And gradually the price is rising. In addition, the FTX stock exchange started to sell by making some breakthroughs, integrating the stocks of very large companies into pairs.
Pros
- Reduction in transaction fees
- Fraud is prevented thanks to social gains
- Provides funds to its investors in severe price fluctuations
- Future plans are very transparent
Cons
- Removal of the leverage system for small investors
New products
Comments (1)
December 08, 2020
I can say that being used a lot by market makers is an extra advantage. Because it helps us and gives us confidence. Their future looks bright. It was a good article. Congratulations my friend
