Top projects of ECOS Ventures Index

Written by Vladislav Akelyev
Written by
Investing reporter
3   min.
Actual news 
ECOS Ventures Index

Today we will review top projects of the flagship ECOS Ventures Index 

We will tell you about the FTT token from FTX and Polkadot.

The first project: FTT

What is it?

FTT is a token of the fastest growing exchange FTX. This exchange is created by traders for traders and was launched in May 2018.

When and by whom was FTT found?

The FTX or FTT token was founded by Sam Bankman-Fried and Gary Wang. After discovering problems with most major crypto futures exchanges, they decided to launch their own platform.

Why is this project attractive?

FTX is backed by Almeda Research, known as one of the leading cryptocurrency trading companies and one of the largest liquidity providers.

As such, FTX is a product developed by professionals with proven experience in the industry. They cover a multitude of services, from collateral to supporting margin, liquidation processes and product listings. FTX also claims to focus on fast development cycles which allows them to roll out new exchanges in a short timeframe.

FTT token holders receive discounts on exchange commissions and participation in IEOs for new presales on the exchange. 

A portion of the net profit of the insurance fund will be allocated to FTT token holders.

FTT can be used as collateral for a futures position.

As we can see the tokenomics of the project is very clever FTX will redeem and burn tokens until half of the total stock is destroyed.

FTX is now considered the fastest growing exchange in the world and its trading volume and the user base are steadily growing.

FTX is now number 3 in terms of trading volume among all the stock exchanges:


If we look back at the growth demonstrated by Binance’s BNB token, we can assume that there is a strong possibility that FTT token from FTX will show a similar rise in the future!

The second project: Polkadot (DOT)

When and by whom was DOT found? 

Polkadot is the brainchild of Dr. Gavin Wood, one of the co-founders of Ethereum and the inventor of the Solidity smart contract language. Dr Wood began working on his idea to “develop a segmented version of Ethereum” in mid-2016 and released the first draft of the Polkadot white paper in October 2016. In 2017, Dr Wood and Peter Chaban of Parity founded the Web3 Foundation, a non-profit organization set up to support Polkadot’s research and development and to oversee its fundraising efforts. The Swiss-based Web3 Foundation held its first sale of Polkadot tokens in October 2017, using the Dutch Spend-All Second Price auction to distribute the funds. 

What is Polkadot (DOT)? 

Polkadot is a blockchain network dedicated to maintaining various interconnected subchains for specific applications, called parachains (short for parallel chains). Each chain built-in Polkadot uses a modular Parity Technologies Substrate structure that allows developers to select specific components that best fit their chain for a specific application. Polkadot refers to the entire parachain ecosystem, which connects to a single underlying platform known as Relay Chain. This underlying platform, which also uses Substrate, does not support application functionality, but instead secures the network’s parachains and contains Polkadot’s consensus, finality and voting logic.

Why is this project attractive?

Polkadot has many technical components, including a relay chain, paracaches, the Polkadot execution environment (PRE) and cross-network bridges.

Polkadot will eventually allow connectivity to external networks such as Ethereum and Bitcoin through a number of dedicated bridging contracts or modules. Polkadot has two different types of external bridges: Bridge Contracts: smart contracts that connect the Polkadot relay chain to external chains (e.g. Parity Bridge between the Ethereum Proof-of-Authority (PoA) sidechain and the substrate-based chain). Embedded Bridge Modules: purpose-built modules that help external chains connect to Polkadot.

Polkadot remains one of the most underpriced smart contract platforms which never really grew, unlike similar platforms like Avalance, Terra and others. 

Below you can see a graph of price trends over the history of the project

Polkadot price

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