TIP-014 - $500,000 investment from treasury into FTX Token ($FTT)

We believe additional investments in established projects at current market conditions will help to further grow our treasury. Diversity minimises the risk and makes a continuous growth possible.

FTT is the native cryptocurrency token of the crypto derivatives trading platform FTX that launched on May 8, 2019.

The team behind FTX comprises some of the largest crypto traders over the past few years who, having found issues with most mainstream crypto futures exchanges, decided to launch their own platform. FTX claims that it stands out due to such features as clawback prevention, a centralised collateral pool and universal stablecoin settlement.

FTX is backed by Almeda Research, which is known as one of the leading companies in crypto trading and one of the largest liquidity providers.

As such, FTX is a product designed by professionals with confirmed expertise in the industry. They cover multiple services: from collateral to maintenance margin to liquidation processes and product listing. FTX also claims to be focused on fast development cycles, allowing them to deploy crypto trading systems at a competitive pace.

After TIP-014 ends, we will withdraw $500,000 from the Treasury to a secondary wallet and will perform the investment in the following hours. (We'll analyse the target project chart to find the best moment to jump in, and may do multiple smaller transactions instead of a big one).