Huobi Exchange Lists FTX User Debt Token ‘FUD’ on Spot Trading
- Huobi Global has listed the FUD token on spot trading.
- One FUD is equivalent to 1 dollar, and the initial issuance and liquidity is 20 million.
- DebtDAO will airdrop FUD tokens to holders after FTX confirms its debt amount.
Huobi Global, China’s leading cryptocurrency exchange, said it will list FTX’s User Debt (FUD) starting this week for spot trading. The business announced this development through its website earlier today, noting that withdrawals for FUD will open from Monday, February 6.
FTX User Debt is a bond token for the highest quality creditors in the FTX event issued by DebtDAO. This is the top quality FTX debt asset that Huobi exclusively offers.
The early issuance phase will sell FTX debt at a discounted price. Notably, one FUD would be equivalent to $1 and the initial issuance and liquidity of FUD is 20 million.
2/7 #DebtDAO was notified by FTX creditors about a debt of about 100 million USD. With an initial supply and circulation of 20 million FUD tokens, 2% of FTX’s debt, each FUD token is worth $1.
– DebDao (@debtdaoio) February 4, 2023
After FTX restores the database or officially confirms…
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