FTX has announced that users can now trade $IP3, the utility token of the NFT platform Cripco.
FTX, a major cryptocurrency exchange with over 9 million users, announced on Monday July 11th, that it is now listing IP3, the utility token of Cripco.
CRIPCO is an intellectual property (IP) 3.0 hub. Here, any user can create, own, and monetize their IP. CRIPCO offers tools for creating NFTs, cartoons, and numerous consulting services. You can also sell and buy in their NFT marketplace. Companies and individuals can connect and collaborate in this DAO.
Here are some of the utilities of IP3 on CRIPCO
- All transactions on CRIPCO can be paid in IP3
- Gain early access to listings
- Voting incentive
- Access to DAO Treasury Events
- Treasury Proposal Applications Fee
- Staking: Create IPD (the governance token) by locking up 10,000 IP3. By holding IPD, you can participate in CRIPCO DAO.
Holding IPD accrues the following benefits:
- Pocket-Universe approval
- Smart contract upgrades
- Treasury decisions
- Staking rewards
- NFT rewards
- Discounted fees on the CRIPCO platform
After announcing the upcoming launch on July 10th, FTX announced on its official Twitter, that IP3 spot trading was now live on the exchange starting at 2 pm (UTC).
This listing has the trading pair IP3/USD, and withdrawals and deposits were activated at the same time. At press time, IP3 was trading for $1.065575.
Reviews of FTX have stressed their large offerings of different tokens, their advanced trading options, and their NFT marketplace.