Conversation

SBF

@SBF_FTX

Oct 28, 2020

1) Some thoughts on twitter.com/AdamScochran/s:

This Tweet is unavailable.

SBF

@SBF_FTX

Oct 28, 2020

2) NOT INVESTMENT ADVICE

SBF

@SBF_FTX

Oct 28, 2020

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.

SBF

@SBF_FTX

Oct 28, 2020

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.

SBF

@SBF_FTX

Oct 28, 2020

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.

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?

10:33 PM · Oct 28, 2020Twitter Web App

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1. FTX + Stablecoin : Lending product 2. open source frontend, let people make 10s of creative frontend to FTX : decentralized UX : more fees : more burn || FTX + Partner > lockstake together : higher yield 3. Convert FTT to MegaFTT: farm NFT merchandise (like uniswap socks)

Adam Cochran (adamscochran.eth)

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1/7 Thanks Sam, good response - but to drill down: 1) the 5% is a bit vague on what it covers, and it is low. 2) Things like SRM which I imagine is heavily held by FTX/Alameda don't flow back much to FTT holders but do benefit equity holders.

Adam Cochran (adamscochran.eth)

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2/7 Would personally love to see some model where the FTX family of operations comes back to FTT holders, rather than just things on the specific FTX platform.

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% of FTX profits allocated to holders

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some ideas: 1)Leverage your popularity to mention the benefits of $FTT more often (more like CZ/$BNB). It seems like 85% of your content is $SRM, 10% $SOL, 4.5% misc, & 0.5% $FTT - which gives an impression about your priorities.

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2)more transparency on burn calcs (less like CZ/$BNB)- which misc streams (5% catch-all) have impact, which r growing? Is 5% of Blockfolio ad rev being burned? Perhaps a qrtrly report on status/growth metrics (spend status on eco fund/user acq fund; user growth from Blockfolio?)

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Bring staking mechanics to FTT to incentivize long-term holders. Maybe stalkers get bigger discounts or more SRM airdropped. You could even incentivize SOL/SRM adoption by making the staking preferentially available to FTT holders on Solana/Serum.