Гаманець для FTX

What is FTX (FTT)?

FTT was built as the house token of the FTX exchange: trading fee discounts, tiered benefits, collateral privileges on the platform. FTX collapsed in November 2022 and entered bankruptcy, the exchange stopped operating, and every one of those uses went with it. What remains in a wallet is a token contract still sitting on chain with no functioning issuer behind it.

The peculiar part is that FTT exists in three unrelated technical forms. There is the Ethereum ERC-20, a Solana SPL version, and one on BNB Beacon Chain. While the exchange ran, it was FTX itself that made them feel like one asset by crediting and debiting balances across chains for its users. That mechanism no longer exists, so the version you hold is the version you hold: an FTT on Solana is not convertible into the Ethereum one by any action you can take in a wallet, and each chain has its own liquidity, or lack of it. On Solana there is also the usual SPL detail that the token lives in a token account tied to your address and a small amount of SOL is needed to move it, while the Ethereum side wants ETH for gas and the BNB Beacon Chain side follows its own fee rules.

This is why the Tangem app tracks each chain's FTT as its own entry with its own balance, and names the network a transfer will leave on before the card signs it. Reading that line is on you - addresses look alike and only you know which chain the other side expects. For a token fragmented across three chains, seeing them listed separately beats guessing.

Supported networks in Tangem (3): Ethereum, BNB Beacon Chain, Solana.