FTX announced that it had destroyed 71,893 FTT (approximately US $ 196,000) on April 21, and destroyed a total of 3,708,100 FTT (approximately US $ 10,115,700). The current market price of FTT is 2.73 US dollars, and the total market value of circulation is about 292 million US dollars. As a FTX trading platform currency, FTT can be used as a contract deposit. At the same time, FTT holders can enjoy up to 60% discount on transaction fees. FTX has been launched in the FTT spot trading area, including FTT / USD, FTT / BTC, FTT / USDT and other trading pairs.