Conversation

SBF
@SBF_FTX
Replying to
@SBF_FTX
3) Everything on FTX involves FTT. How? Well, first, 1/3 of exchange fees --> buy/burn. But how about things that aren't quite that? There's a catch-all: 5% of everything does, one way or another.
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SBF
@SBF_FTX
4) So, for instance, 5% of all SRM --> airdrop on FTT holders over time. How about other things -- as
@AdamScochran
mentioned, the recently announced partnership with
@RealHxro
? FTX is the backend powering the tix/wix contracts. If nothing else -- 5% of revenue --> buy/burn.
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SBF
@SBF_FTX
5) But if those end up being FTX markets, generating fees like other ones, then 33% --> FTT. Similarly -- LT trading fees 33%; but also 5% of LT management fees --> buy/burn.
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SBF
@SBF_FTX
6) What else can FTT do? a) lower fees on FTX for holding it b) voting for listings, getting IEO tickets But I'm sure there's more we can do. What other ideas do people have? What else should flow through to it?
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