There’s no reason why FTX2.0 would use the FTT token

Idk who needs to hear this, but be careful if you’re thinking FTT will be used if FTX relaunches. With the price increase and News that came out this week, a lot of people are speculating FTT will be used again. Fundamentally this makes no sense. They claim to be searching for new investors, they already said if it launches they want a completely different name (why use FTX token?) and they’ve mentioned numerous times about restructuring how it functions and operates. In addition to this, all of the FTT tokens were unlocked in may of 2022. The entire point of FTT was to do periodic burns. That clearly won’t be happening now that they’re all in circulation and bankrupt. The company is better off making a new token “IF” they relaunch. There is NOT ONE reason why they’d utilize the FTT token. I personally have my doubts that they’ll even get off the ground but that’s another topic for another day.

If you decide to trade it, just be safe and ask yourself if a coin with no function at all should be sitting at over half a billion dollar marketcap, or if it’s just a way for a lot of early investors to offload what they already have. You can be the judge of that.

Edit: wording/grammar.