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28 Oct, 6 tweets, 2 min read
3) Everything on FTX involves FTT.


Well, first, 1/3 of exchange fees --> buy/burn.

But how about things that aren't quite that?

There's a catch-all: 5% of everything does, one way or another.
4) So, for instance, 5% of all SRM --> airdrop on FTT holders over time.

How about other things -- as @AdamScochran mentioned, the recently announced partnership with @RealHxro?

FTX is the backend powering the tix/wix contracts.

If nothing else -- 5% of revenue --> buy/burn.
5) But if those end up being FTX markets, generating fees like other ones, then 33% --> FTT.

Similarly -- LT trading fees 33%; but also 5% of LT management fees --> buy/burn.
6) What else can FTT do?

a) lower fees on FTX for holding it
b) voting for listings, getting IEO tickets

But I'm sure there's more we can do.

What other ideas do people have? What else should flow through to it?

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More from @SBF_Alameda

30 Oct
1) A strong impression I've gotten from the crypto ecosystem:

Usually, there is no conspiracy; it's just disorganization and messiness and really exactly what it looks like.

Shit happens, often for silly reasons, but ones you could predict if you thought about it.
2) Over the last year, though--

--I have seen a few things that shocked me.

Maybe I've always been a bit naive, or over-trained on certain subcultures at the expense of others.

People buying bot Twitter accounts to shit on others was one. It's not the biggest.
3) Usually you can get a sense early on of how trustworthy something is.

Not always: there are some VCs that seemed very constructive, and turned out to be hilariously destructive.

And sometimes it depends on who you are: people show different selves to different people.
Read 4 tweets
30 Oct
1) FTX is listing equities soon!

Details here:…

The biggest questions people have had are:

3) FTX has partnered with CM-Equity AG to provide equities trading.

CM-Equity is a regulated German financial institution. It has licenses permitting it to offer these products to customers.

All FTX customers who trade equities have to become CM-Equity customers as well.
Read 10 tweets
29 Oct
1) Some thoughts on conviction
3) I think that BTC is more valuable than DOGE (though, honestly, 2020 wouldn't have been the same without a brief glimmer of hope).

That is not very surprising or interesting: pretty much everyone does.
Read 12 tweets
28 Oct
1) Some updates on Serum Swap!
3) The SRM airdrop period has started! 1m SRM this month.

Will happen at 20 random times in the SRM pools.

Will post when it does.
Read 9 tweets

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