TechFlow News — Since its last FTT token burn on October 31, cryptocurrency exchange FTX has generated $34 million in trading fees, but has not reported its most recent planned token burn scheduled for November 7. The pending burn involves 3,795,212 FTT tokens, worth approximately $11.397 million, representing more than 1% of the total token supply.
Since its inception, FTX has allocated 33% of its weekly trading fee revenue toward burning FTT tokens. According to FTX's website, the largest token burn in its history occurred in May last year, when it destroyed $10.2 million worth of FTT.Source
Add to Favorites
Share to Social Media
