FatBTC is a centralized cryptocurrency exchange launched in China in the year 2014, now based in the Seychelles. The exchange offers a large range of cryptocurrency offerings. The platform features its own native token FAT, which can be used on the exchange for reduced fees and network costs — similar to how Binance has its own BNB coin for the same purposes.
The platform also features a competitive fee structure — offering free deposits and 0.2% transaction fees. These fees are charged using FAT, so it is recommended to buy up a supply of the token when there are sales on. For example, at one point last year, FAT tokens were selling at a discounted rate of 75% off.