BlocksInform
Huobi recently dealt with ftx users with some good news. The stock market recently listed the debt token (fud) from ftx users. The bond token presents the high-value debt ftx asset which can help crypto users anywhere. The token will provide creditors with a new level of liquidity, allowing them to swap FTX debt on the market.
@HuobiGlobal takes the #Crypto world by storm with the addition of Users' Debt Token (FUD) to its platform!
?? Now you can experience the superior debt asset that promises to benefit the whole crypto community.#HuobiGlobal
— CryptoNewsZ (@cryptonewsz_) February 6, 2023
It allows better control of digital assets, thereby opening up new investment opportunities for users. The announcement came from Justin Sun, the CEO of the Tron Foundation. According to Justin Sun's latest tweets, FTX debt is estimated at tens of millions of dollars. All the crypto world enthusiasts are keeping a close eye on the Huobi exchange review to get a thorough and regulated update of all the exciting news taking place.
As a result, the early issue phase should allow for the sale of FTX debt at a reduced price. The rate was fixed at $1 per fud token, while the original issue and liquidity were fixed at $20 million. The right price for the same one is 0 < 1fud? 5 USDT.
Once FTX has restored the database, or once FTX formally shares the debt, DebtDAO will launch the 2nd IPO. It will be based on the amount of debt and drops issued to each licensee of fud. By then, the right price will be zero minus one? 1 USDT.
For example, if the debt is about $60 million, about $40 million of UFD chips will be freed up. In accordance with debtdao guidelines, each user holding a fud token prior to the second IPO will earn two cartridges.
These tokens will be delivered through a parachute, after which, debtdao will issue a 1:1 buyback offer for fund holders. Huobi has even published a formal message to inform users about development. The platform allowed fud deposits and withdrawals, so users can launch themselves into spot trading as well.
