#CryptoRoundTableRemarks FTX Token (FTT) was the native cryptocurrency of the FTX exchange, a once-prominent crypto trading platform founded by Sam Bankman-Fried. Launched in 2019, FTT was used for trading fee discounts, collateral for derivatives, and staking rewards. It played a crucial role in the FTX ecosystem, enhancing liquidity and user incentives. However, in November 2022, FTX collapsed due to liquidity issues and allegations of mismanagement, leading to bankruptcy. This caused FTT’s value to plummet, and its future remains uncertain. Despite its past utility, FTT is now largely considered a failed token due to the exchange’s downfall and legal consequences.