Huobi to List FUD Token (FTX’s Users Debt). Can it get Even Worse!?

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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.