FTT Token

[Fundamentals Of]

I don't know how you come up with a claim that most of Americans invested in FTT. I can't imagine a reason why people would still continue to trust a token that is created by an exchange that fooled a lot of people and stole tens of billions of people's money. I can't even understand why this FTT shitcoin still has value. It should already be zero. I know there are powerful people behind this manipulating the price of this shitcoin, trying to keep it afloat. I know this is isn't anymore under the control of SBF but it remains to be a shitcoin. Avoid it.

[GreatArkansas]

For me, FTT will become just like other altcoins that experienced some bankruptcy or any issues with the government.
Some of these altcoins could be used for some pumps and dumps, the best example is for the altcoin token of Luna before.

For me, if a project has some issue like this, it isn't easy to regain the people's trust. So for me, it's a no, not to trust anymore again.

[Cvetik56]

For me, FTT will become just like other altcoins that experienced some bankruptcy or any issues with the government.
Some of these altcoins could be used for some pumps and dumps, the best example is for the altcoin token of Luna before.

For me, if a project has some issue like this, it isn't easy to regain the people's trust. So for me, it's a no, not to trust anymore again.

Well, FTT didn't experience just bankruptcy, its CEO scammed people for millions. It's hard to bring attention to the project after something like that. LUNA wasn't able to do that, and I don't believe in FTT.

[LesterD]

hi ,
my brother like most of Americans invested in FTT , what do you feel the future of FTT now ? Will it die a slow death ?

I don't know where you gathered the data that most Americans invested in FTT. Many traders and investors are avoiding that coin. As far as I know, FTT has no use anymore. It was created mainly to use in FTX, but as we all know, FTX does not exist anymore. It only means that FTT will no longer needed and only exist for trading.

[redsun114]

We all know what happened to that crypto exchanger. They don't just simply shut their business down but they are also involved in different anomalies. I think that was enough to not hold on to any of their creations anymore because it will definitely have a bad future. There are still lots of great cryptos out there with a clean reputation so why should one stick on FTT?

Even if they state a reason on why people should keep on rooting for the coin, I still don't think that lots of people will follow. I think one mistake is enough. We shouldn't let the abusers to keep on abusing us because this is where they will get motivated to continue.

[alani123]

FTT is worthless See how Bed Bath and Beyond stock was made useless and delisted? Well, for FTX, as it is bankrupt now, the FTT token is worth even less than its stock. Even in the remote scenario that FTX is up and running again as part of the bankruptcy compensation, it's very likely that the FTT token would be scrapped as it would be considered a security.

[JeffBrad12]

FTT is worthless See how Bed Bath and Beyond stock was made useless and delisted? Well, for FTX, as it is bankrupt now, the FTT token is worth even less than its stock. Even in the remote scenario that FTX is up and running again as part of the bankruptcy compensation, it's very likely that the FTT token would be scrapped as it would be considered a security.

its now on the same level as the shitcoins in general, its just useless and people holding onto it are definitely those kind of people that already investing too much and don't wanna move on.
from the perspective of someone who still use logic, i would definitely avoid this coin, cryptocurrency is having too much good coin out there that investing in FTT is simply just wasting money.
the emergence of L0 which layerzero, added with the fact that exchange token like binance are performing really well because the company behind it are not some shady scammy company.
there are just many options out there and I only get baffled by the fact that people would still choose FTT for investment, I guess they don't really love their money.

[tvplus006]

the current marketcap is $400 million. Do you think that the token of a dead, insolvent exchange that cheated its users by secretly investing their funds in high-risk instruments should be valued at almost $0.5 billion? Of course death. It's strange that something like "slow death" is being considered at all. It should be an instantaneous drop to zero...

This is all correct, but another option should be considered, that FTX will be able to restart. And if the new team really succeeds, then you can be sure that the value of the exchange coin can greatly increase. So maybe now we have a good opportunity to buy some FTT.

2 weeks have passed, my assumption has been confirmed: "The United States securities regulator chief has hinted he would be open to a rebooted crypto exchange FTX — as long as its new leadership stays within the bounds of the law - https://cointelegraph.com/news/sec-gary-gensler-hints-open-ftx-crypto-reboot And the market immediately reacted to Gary Gensler's words, the value of FTT has increased by 100% over the past day.

[amishmanish]

2 weeks have passed, my assumption has been confirmed: "The United States securities regulator chief has hinted he would be open to a rebooted crypto exchange FTX — as long as its new leadership stays within the bounds of the law - https://cointelegraph.com/news/sec-gary-gensler-hints-open-ftx-crypto-reboot And the market immediately reacted to Gary Gensler's words, the value of FTT has increased by 100% over the past day.

Wow. Unbelievable that he actually said that?!

There were backdoors in the code and it is now probably all owned by the courts too. I can't believe that those who went along with making those changes can be trusted to not do further mischief. These people who are bidding to buy the brand equity and relaunch are possibly looking to profit from the pump that would result based on speculation. Who knows one of those three interested parties may already have done it.

The SEC chair giving this statement may also be part of the plan.

I mean why would anyone trust FTX as a brand again. Did ENRON relaunch and had a field day being run by "leadership within bounds of law"?

[goaldigger]

FTT is worthless See how Bed Bath and Beyond stock was made useless and delisted? Well, for FTX, as it is bankrupt now, the FTT token is worth even less than its stock. Even in the remote scenario that FTX is up and running again as part of the bankruptcy compensation, it's very likely that the FTT token would be scrapped as it would be considered a security.

Many are still trap from this and they are just hoping that one day it will rise again.
How can an exchange token rise again if the exchange itself was dead already? This is dead end for FTT and sooner or later it will lose its value. If you are still holding this and lose almost all your capital, you can’t do anything about it aside from hoping from a miracle, FTT is too risky to deal right now.

[nelson4lov]

Many are still trap from this and they are just hoping that one day it will rise again.
How can an exchange token rise again if the exchange itself was dead already? This is dead end for FTT and sooner or later it will lose its value. If you are still holding this and lose almost all your capital, you can’t do anything about it aside from hoping from a miracle, FTT is too risky to deal right now.

As long as traders can still speculate with FTT, I think the price will do just fine. These days, the price goes up when there's any positive update over the course of the FTX court proceedings which is as expected. Since the price didn't get leveled down at zero when the news about the collapse was red hot, I don't think it's going to do so anytime soon especially now that the new management of the exchange is looking to restart operations.

[Samlucky O]

hi ,
my brother like most of Americans invested in FTT , what do you feel the future of FTT now ? Will it die a slow death ?

Earlier yesterday I brought up this information in my local board but found it not useful to me in anyways, here I still found same information. But all I have to say is FTT token might be of good use to to some people if only it can regain it's Glory back. Although the current pump of FTT token might look promising but  Predicting if this will be a success after several months of price failure.

[asriloni]

Many are still trap from this and they are just hoping that one day it will rise again.
How can an exchange token rise again if the exchange itself was dead already? This is dead end for FTT and sooner or later it will lose its value. If you are still holding this and lose almost all your capital, you can’t do anything about it aside from hoping from a miracle, FTT is too risky to deal right now.

As long as traders can still speculate with FTT, I think the price will do just fine. These days, the price goes up when there's any positive update over the course of the FTX court proceedings which is as expected. Since the price didn't get leveled down at zero when the news about the collapse was red hot, I don't think it's going to do so anytime soon especially now that the new management of the exchange is looking to restart operations.

Market was giving reaction to the news consider FTT has become one of largetst exchange site in the past and then there's no doubt if people would be hyping it.

People are always judging FTT was a scam. The chance for FTT to go to the moon again is still there. There have been many parties are showing their interest to reboot this exchange site again and i do like that.

I have secured my FTT when the price was around 1.5 and it keeps going even higher than before. FTT is a good token as long as its exchange site will be rebooted. FTT is still trading at the bottom this time.

People are always calling this a trap, dead token without even following the development of FTT process to be rebooted.

[poodle63]

Many are still trap from this and they are just hoping that one day it will rise again.
How can an exchange token rise again if the exchange itself was dead already? This is dead end for FTT and sooner or later it will lose its value. If you are still holding this and lose almost all your capital, you can’t do anything about it aside from hoping from a miracle, FTT is too risky to deal right now.

As long as traders can still speculate with FTT, I think the price will do just fine. These days, the price goes up when there's any positive update over the course of the FTX court proceedings which is as expected. Since the price didn't get leveled down at zero when the news about the collapse was red hot, I don't think it's going to do so anytime soon especially now that the new management of the exchange is looking to restart operations.

true, the revival of ftx even somewhat gets approval from the authorities since its all gonna fall under new management anyway, its definitely gonna be rally for ftt in the long run for its platform gets revived again but also need to watch out, new management means sometime new revolutionary thing, god knows if they have plan to abandon ftt altogether since they can't bear the responsibility of mantaining that coin anyway since they are reviving the platform and also already shelling out so much money for it.
there is always possibility that they gonna building the system from scratch and might just outright ignore ftt, we still don't know how things gonna be but its better to know that no clear decision have been made, only if they are confirmed that they gonna recognize ftt that its gonna be safe to invest in ftt though the coin itself already climbing up in price.

[LogitechMouse]

hi ,
my brother like most of Americans invested in FTT , what do you feel the future of FTT now ? Will it die a slow death ?

TBH, I thought that the project would be long gone after what happened to them. I didn't expect that somebody will act as another CEO, and will try to save the project in John J. Ray III.

Will it be the same again as what it was at first? Obviously no. Will the trust of the investors be regained after what happened? Probably because it seems like there are still investors who are investing in FTT tokens for some unknown reasons. It's kind of stupid that they tried to scam you, but you still choose to trust them because... I don't know. Probably some might not know the past of the project, and they just invested into it blindly.

Future of the token, and the project? It will slowly die I guess. What happened in Terra Luna, and FTX are different, but both projects became very unpopular now after what happened to them. Both of them still have community though even though they tried to scam their investors which is for me, very absurd and ridiculous. I will not touch this project, and it's a good thing that I didn't touch it because I'm thinking of doing it a few years ago when it's still at it's peak.

[Pandji02]

hi ,
my brother like most of Americans invested in FTT , what do you feel the future of FTT now ? Will it die a slow death ?

TBH, I thought that the project would be long gone after what happened to them. I didn't expect that somebody will act as another CEO, and will try to save the project in John J. Ray III.

Will it be the same again as what it was at first? Obviously no. Will the trust of the investors be regained after what happened? Probably because it seems like there are still investors who are investing in FTT tokens for some unknown reasons. It's kind of stupid that they tried to scam you, but you still choose to trust them because... I don't know. Probably some might not know the past of the project, and they just invested into it blindly.

Future of the token, and the project? It will slowly die I guess. What happened in Terra Luna, and FTX are different, but both projects became very unpopular now after what happened to them. Both of them still have community though even though they tried to scam their investors which is for me, very absurd and ridiculous. I will not touch this project, and it's a good thing that I didn't touch it because I'm thinking of doing it a few years ago when it's still at it's peak.

Yeah, I thought that too. But I still think most people won't trust them again. Trying to gain new users is the only way to stay alive for them now.

[alani123]

FTT is worthless See how Bed Bath and Beyond stock was made useless and delisted? Well, for FTX, as it is bankrupt now, the FTT token is worth even less than its stock. Even in the remote scenario that FTX is up and running again as part of the bankruptcy compensation, it's very likely that the FTT token would be scrapped as it would be considered a security.

Many are still trap from this and they are just hoping that one day it will rise again.
How can an exchange token rise again if the exchange itself was dead already? This is dead end for FTT and sooner or later it will lose its value. If you are still holding this and lose almost all your capital, you can’t do anything about it aside from hoping from a miracle, FTT is too risky to deal right now.

It's very much correct that FTT has absolutely no value at the moment but still some people continue to speculate on it for some reason.
It doesn't seem to make any sense at all to be honest but perhaps some people expect FTT to be favored in some way by bankruptcy court? Still that's not realistic. There's a ton of other priority claims and having bought the coin on the open market doesn't change any claimant's position. So yes, sooner or later it will go to 0.

[kentrolla]

Something is cooking up again and I am in utter disbelief that the trading volume of FTT is trending around $267 Million in Binance alone, noobs has started investing into it once again as it has seen an increase of more than 200% in last two days thus investors have started to blindly invest into it and I just wish this doesn't end like Luna where people were investing even after the coin was dumped and almost equal to zero just to earn some quick money during the price rebound which happens before completely going dead and people lost a huge amount. I just hope they don't repeat the same thing all over and it's frustrating to see how can people invest in something which is a dead coin and it's a mix of sheer greed and lack of knowledge which are the reason why people are still investing into this coin.

People with greed just thinks that this coin will at least reach 10% of what it was before debacle and people who are new to crypto don't just look at the recent price increase and invest without investigation or doing any analysis about the coin. I would never invest in this ever again.

There is no future for this coin it's just one more betrayal awaiting for users when the least expect it.

[tvplus006]

...It's very much correct that FTT has absolutely no value at the moment but still some people continue to speculate on it for some reason. ..

The cryptocurrency market is so arranged that most coins have no value, but this does not prevent them from pumping from time to time. So you can consider FTT meme coin that has no value, but nevertheless you cannot deny the fact that this coin brought its investors 200% in a couple of days.

[nelson4lov]

~Snipped .

~Snipped

true, the revival of ftx even somewhat gets approval from the authorities since its all gonna fall under new management anyway, its definitely gonna be rally for ftt in the long run for its platform gets revived again but also need to watch out, new management means sometime new revolutionary thing, god knows if they have plan to abandon ftt altogether since they can't bear the responsibility of mantaining that coin anyway since they are reviving the platform and also already shelling out so much money for it.
there is always possibility that they gonna building the system from scratch and might just outright ignore ftt, we still don't know how things gonna be but its better to know that no clear decision have been made, only if they are confirmed that they gonna recognize ftt that its gonna be safe to invest in ftt though the coin itself already climbing up in price.

Ah yes, you got it. The thing is, the current FTT tokenomics is messed up because of the handling of operations by the previous administration of the exchange but that can easily be mitigated if the new team chooses to launch a new token. I won't be surprised if that's the path they take and certainly won't be surprised if the new token ends getting pumped to the outer stratosphere. This new token narrative is very likely imo.