Conversation

SBF
@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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Ben Othman
@mbenothman
Replying to
@mbenothman
and
@SBF_Alameda
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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Ben Othman
@mbenothman
Replying to
@SBF_FTX
and
@SBF_Alameda
yes, it's a great site. But more transparency is better. I understand you may need to keep certain metrics private, hence a quarterly report/tweetstorm could highlight notable progress & updates discreetly I'm assuming primary Blockfolio impact will be the growth in retail users
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