The Huobi listing of FUD (FTX Users’ Debt) has been scheduled for February 5, 2023. During the “early bird issuance” period, FTX will offer the debt at a discount to investors. The initial quantity and available liquidity of FUD is 20m, and each FUD is worth $1.
What is Debt DAO And FUD Token?
DebtDAO, on behalf of FTX creditors, has distributed a bond token with the symbol $FUD (which stands for FTX Users’ Debt).
DebtDAO has been notified by creditors of FTX that the company owes around $100 million in debt. Each FUD token has a value of $1 and an initial supply and circulation of 20 million, which is equivalent to 2% of FTX’s total debt.
The FUD token allows creditors to exchange their FTX debt, increasing their access to liquidity. They benefit from increased financial autonomy and a wider range of investing opportunities.
