ANALYZING FTT DAO

6 min readAug 30, 2022

Hey guys! You're really lucky if you stumble on this article. Take your time and study, it will open your eyes to see great opportunities you've been longing for.

You probably didn't know about FTX Exchange and FTT DAO. Now you know, and I'll break it down into simple contents. What an opportunity!

A Brief Introduction.

Well, you probably didn't hear, or you heard about FTX, FTT DAO, and BFFs, but didn't really understand these terms.

Now, for your interest's sake, this article seeks to explore you through these terms and open your eyes to the reality of priceless opportunities in FTX and FTT DAO you have been seeking.

More interestingly, these opportunities are not limited to individuals. They are also obtainable by organizations and institutions that drive the passion and share the same vision as Sam Bankman-Fried - the founder of FTX Exchange.

At this juncture, I know your curiosity is heightened. Before we go deep into FTT DAO, we need to understand first, FTX. So, let's dive in.

What is FTX?

Before we proceed, quickly go to Google Play Store and download the FTX Exchange app if you are using an Android device. For IOS users, go to the App Store and do the download because you’ll definitely need it.

Briefly, FTX is a cryptocurrency derivatives exchange with its native exchange token as $FTT. It was founded by Sam Bankman-Fried and has its headquarters in the Bahamas. It was founded for the purpose of generating as much wealth as possible to be used for charitable courses following the earn to give principle of effective Altruism, which is one of the core values and culture of FTT DAO.

FTX offers futures, leveraged tokens and OTC trading, and compared to other exchanges, even the most popular ones you know about; FTX Exchange, being a cryptocurrency trading platform built by the professional traders (Sam Bankman-Fried - CEO and Gary Wang - CTO) has numerous benefits for traders, such as:

A large number of trading products (perpetual futures, Crypto indexes, volatility contracts),
Lowest trading fees,
Hourly funding rates,
Robust insurance fund and policy against losses stemming from hacks or exploits,
Guaranteed liquidity through liquidation engine, and so on.

I believe by now, even if you are a newbie in the Crypto ecosystem, you must have gotten a clue of FTX. Since I intended to make this brief, I leave you with the FTT Whitepaper for full details on FTX Exchange for you to explore.

Let's get into the main aim for this article - FTT DAO.

What is FTT DAO?

Now, we have discussed in clear terms about FTX Exchange and its native exchange token - FTT, with the main purpose of generating as much wealth as possible to be used for charity.

FTT DAO as an offshoot of FTX is inspired by the purpose of FTX and set up by the global community of FTT fans who share the same values as Sam Bankman-Fried - the founder of FTX.

FTT DAO being a community-led DAO set up by Friends, Followers, and Fans of the FTX token (FTT) is fully independent of FTX with full awareness without objection. It is a non-profit community that uses its funds to further its mission and vision.

Why is FTT DAO necessary?

The purpose of anything is the why of it. This community-led DAO is simply set up to create an educational ecosystem supported by community-led projects, and inspire crypto education through community, giving back to the society to bring positive impact to our world. This is driven by the passionate human face of FTT DAO known as BFFs.

What are the mission and vision of FTT DAO?

Before we proceed, please take note that these mission and vision are all inspired by the purpose of founding FTX by Sam Bankman-Fried, and they serve as direction to fulfill this worthwhile purpose.

Mission

To create an educational ecosystem supported by community-led projects.

We believe in crypto and the future of digital assets.
We believe in effective altruism and giving back to the world.
Awareness and education.

Vision

We want to inspire crypto education through community and giving back.

We believe in a secure, self-sovereign crypto and digital asset future for all.
Doing things the right way to promote consumer and investor protection, a transparent and robust digital asset ecosystem, and preventing financial crimes.
We believe Sam Bankman-Fried’s vision of effective altruism and giving back to the world.
We want to bridge the current gap to help the world understand, learn and apply their crypto knowledge to do better and do good.

Who are BFFs?

The community members of FTT DAO are known as and called BFFs - meaning: Bankman-Fried Friends, Followers and Fans because they share the same values as Sam Bankman-Fried (SBF), and willingly with passion support his mission to give back to the society in order to make a positive impact on our world.

BFFs are the ‘human-face’ of the DAO who share ideas, contribute their time and execute on projects that further the mission/vision of FTT DAO.

Benefits of becoming a BFF

You know, there is no good and purposeful labour without profit. Your benefits as a voluntary BFF can't be underestimated including but not limited to the following:

Your ideas and proposals will be considered by the FTT DAO and may receive funding. (Funding will be determined via a decentralized governance system, subject to individual review and voted for by the Core Contributors.)
Invitation to exclusive invitation to FTT DAO events and meet-ups globally.
Invitation to attend FTX events as a guest
Receive limited and exclusive FTT DAO swag and merch like hoodies, caps and t-shirts
Your feedback and suggestions will be considered at a high priority by FTX.

How can you become a BFF?

Becoming a BFF is absolutely cost free and simple. It actually means you are the most active and passionate community builder and advocate who believes in the mission and vision of FTT DAO and Sam Bankman-Fried.

By becoming a BFF, you are the pillar of the FTT DAO community, and your role is an unpaid and voluntary position which may include (but not limited to):

Growing your local community of BFFs
Sharing ideas and proposals on how to further our mission and vision.
Applying for grants from the FTT DAO treasury to fund your events and ecosystem projects.
Hosting online and offline meet-ups, educational events on crypto and digital assets.
Share and educate on what is effective-altruism, why it is important.
Moderate and create content for social media and communities.
Help new users answer questions about FTT and FTX or crypto in general.
FTT background, utility and helping unlock more use cases.
Maintain and moderate online and offline social networks

To become a BFF, kindly fill this Application Form. Thereafter, the FTT DAO team will contact you shortly.

Follow our social media handles below:

FTT DAO website
FTT DAO docs

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Contact: morganeggah2017@gmail.com