FTT can refer to different things depending on the context. Here are some possible meanings:
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FTX Token (FTT): It is a utility token that provides access to the FTX trading platforms features and services. It is also the native token of the FTX ecosystem. FTT incentivizes users to hold and use the token by offering unique features such as clawback prevention, better referral rates, free daily ERC20/ETH withdraws, and a higher probability of airdrops. FTT is also a leveraged token that allows users to trade with up to 3x leverage. It was launched through an Initial Exchange Offering (IEO) on the FTX platform.
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Failure to Thrive (FTT): It is a term used to describe slow physical development in a baby or child who does not gain weight at the expected rate. FTT can be caused by a lack of adequate calories or an inability to properly use the calories that are given, resulting in failure to grow or gain weight over a period of time. FTT has many possible causes, including underlying medical conditions, problems with feeding techniques, improperly prepared food, and neglect or abuse. Seeking early help with a childs nutritional needs can prevent FTT.
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FTT (Zipmex): It refers to FTXs main token, which is a utility token utilized to reduce the trading fees and for several more utilities on the platform.
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FTT (CoinDesk): It refers to FTXs exchange token, which played a key role in the downfall of the crypto exchange FTX and affiliated trading firm Alameda Research. FTT was used to inflate both entities balance sheets and as notional collateral for loans of customer funds made by FTX to bail out Alameda. FTT is tracked as an ERC-20 token on Ethereum.
In summary, FTT can refer to a utility token used on the FTX trading platform, a term used to describe slow physical development in a baby or child, or an exchange token used by FTX that played a key role in the downfall of the crypto exchange FTX and affiliated trading firm Alameda Research.