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FTX Token is the native cryptocurrency of FTX, a cryptocurrency derivatives exchange platform. The FTX Exchange is designed to offer professional trading services for institutional investors, traders, and retail customers worldwide. The FTX token was launched in 2019 to support the growth and development of its platform.

The FTX token has several main applications, including but not limited to:

1. Trading Fee Discounts: FTX token holders are entitled to discounts on trading fees on the FTX platform. The discount rate varies depending on the amount of FTX tokens held by the user.

2. Governance: FTX token holders have voting rights on proposed changes to the platform's policies, fees, and other governance issues.

3. Token Burn: Part of the trading fees collected by the FTX platform are used to buy back FTX tokens from the market and burn them, thereby reducing the total supply of FTX. This strategy is aimed at maintaining the scarcity of FTX tokens, which could increase the value of the token over time.

4. Collateral: FTX token can be used as collateral for futures trading on the FTX exchange. This feature allows users to create margin positions using FTX tokens, thereby allowing them to earn higher returns on their investments.

Overall, FTX token plays a critical role in the functioning of the FTX platform, driving its growth, and incentivizing active participation in the platform. The token also represents an investment opportunity for those interested in trading or investing in cryptocurrencies.