- Huobi Global has listed the FUD token on its spot trading.
- One FUD is equivalent to $1, and the initial issuance and liquidity are 20 million.
- DebtDAO will airdrop FUD tokens to holders after FTX confirms its debt figure.
Huobi Global, the leading Chinese crypto exchange, has said it will list FTX’s Users’ Debt (FUD) starting this week for spot trading. The business announced this development via its website early today, noting that withdrawals for FUD will open from Monday, February 6.
FTX Users’ Debt is a bond token for the highest quality creditors in the FTX event issued by DebtDAO. It is the top-quality FTX debt asset that Huobi is exclusively offering.
The early bird issuance phase will sell FTX the debt at a discount. Notably, one FUD will be equivalent to $1, and the FUD’s initial issuance and liquidity are 20 million.
2/7 #DebtDAO has been notified of a debt amount of approximately $100 million by FTX creditors. With an initial supply and circulation of 20 million FUD tokens, representing 2% of FTX's debt, each FUD token has a value of $1.— DebtDao (@debtdaoio) February 4, 2023
After FTX restores the database or officially confir…
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