This is the latest news that has made it’s way into the crypto industry in the form of an ICO or Initial Coin Offering. While not everyone will understand the concept of a cryptocurrency and the theory behind how the economy works, I am certain there are those that do. In this article I will explain the details behind the FTX Token. I am going to share with you some of the main points about the FTX Token and its upcoming market based on the emerging economy. By the time you have finished reading this article you will have an understanding of what the FTX Token is and what it could possibly be used for.
I believe one of the major problems that the media is facing is that they are constantly making a connection between ICOs and cryptocurrency. However I feel there is a lot more to the underlying concept of it. Let me explain what I mean. When you buy a common stock in the stock market, you would know the value of the stock on the stock exchange. Well what happens when you buy an ICO in the same market?
First you see it on the market but there is no stock exchange. So to determine its value, you need to know what the value is in the real world. First you take an estimate of how much it could possibly be worth in the market. The next step would be to use an average over the past few months and to see if it comes close to that. Lastly you will want to see if the value increases as the token matures. The FTX Token has all of these qualities and although it is not the first one to come out of the gate, it will most likely be the best one in the near future.