FTT3LPrice

(FTT3L)

FTT3L was a leveraged token designed to amplify the price movements of its underlying asset, FTT (FTX Token). Its primary function was to provide users with magnified exposure, typically three times, to FTT's daily price changes, targeting a long position. This made it a derivative product allowing traders to speculate on FTT's performance with increased leverage, aiming for higher potential returns, alongside higher risks.

FTT3L was delisted from a cryptocurrency exchange on November 14, 2022. The exchange stated that the delisting was implemented to mitigate market risks associated with such leveraged products and to enhance users' overall trading experience. Delistings of this nature often occur in response to high volatility, market instability, or concerns regarding the long-term viability of the underlying asset or the leveraged product itself.

Upon its delisting, the system of the cryptocurrency exchange automatically liquidated and sold all FTT3L tokens held by users. The value at which these tokens were sold was based on their net asset value at the exact moment of liquidation. Following this automated sale, the corresponding assets, typically in a stablecoin like USDT, were then returned to the users' cash accounts, reflecting the final recovered value of their FTT3L holdings.

No, FTT3L is no longer an active, supported, or tradable asset on cryptocurrency platforms. It underwent a delisting and full liquidation process in late 2022. Therefore, any inquiries concerning its present team, future development roadmap, or ongoing utility are irrelevant, as the token has been entirely withdrawn from market circulation and is no longer recognized or facilitated by exchanges.

FTT3L holds no current relevance or practical utility in the contemporary cryptocurrency market. As it was delisted and liquidated in late 2022, it exists only as a historical artifact of a past financial product. It cannot be traded, acquired, or utilized in any capacity today. Its existence is merely a record of a leveraged token that was once available but is now entirely withdrawn from active circulation.

FTT3L was not an independent crypto project with its own distinct development team or strategic roadmap. Instead, it was a leveraged financial product, or derivative token, designed to track and amplify the performance of an existing cryptocurrency, FTT. Its functionality was entirely dependent on the underlying asset and the offering exchange. Therefore, discussions about its individual team or future plans are not applicable to the nature of such a derivative token.