“If demand for buying and selling on the FTX platform elevated, demand for the FTT token may improve, such that any value improve in FTT would profit holders of FTT equally and in direct proportion to their FTT holdings,” the SEC wrote in its criticism. “The big allocation of tokens to FTX incentivized the FTX administration workforce to take steps to draw extra customers onto the buying and selling platform and, due to this fact, improve demand for, and improve the buying and selling value of, the FTT token.”
