Community-Led Ecosystem FTT DAO Raises $7 Million in Community Donations to Help Kick-Start Its Activities

- 30 June 2022 12:39 WIB

JAKARTADAILY - FTT DAO, a community-led ecosystem DAO, has secured 250,000 $FTT (the native cryptocurrency token of the crypto derivatives trading platform FTX), worth approximately $7 million USD, in community donations to help kick start its activities.

In a statement sent to, FTT DAO said this donation comes from a number of community contributors who participated in the donation and seeks to help the growth of FTT DAO.

This donation, FTT DAO said, will be used to fund its ecosystem.

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The platform plans to support upcoming community-led projects across areas such as crypto education, decentralized finance, and effective altruism for the FTT community.

"As an independent, community-led DAO, fans of FTX and Sam Bankman-Fried are encouraged to follow and get involved as a BFF, a Bankman-Fried Fan, Friend, or Follower," said contributor 0xMarcJ.

"There are limitless opportunities for FTT DAO right now, those interested also have the option to apply for a grant for an idea or project they have in mind."

"I'm aware of FTT DAO and it's cool that the community is spontaneously coming together", said Sam Bankman-Fried, CEO of FTX.

FTT DAO said the platform plans to provide more crypto educational videos, content, as well as events.


Editor: Suksmajati Kumara


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