TechFlow news — according to Huobi's official announcement, Huobi will list FUD, the creditor asset of FTX users, at 8:00 PM today. Huobi stated that since the FTX incident, while strictly safeguarding its own users' assets, fulfilling 100% payment obligations, and pursuing a "global compliance" strategy, it has been actively communicating with multiple parties to seek solutions for resolving FTX's debt issues. After extensive efforts and active coordination, Huobi has decided to list the optimal FTX creditor asset—FUD—hoping this move will help more users escape risks, halt FUD (fear, uncertainty, and doubt), restore confidence in the crypto investment market, and promote transparent, secure, and compliant development within the industry.
It is reported that the FUD token provides new liquidity for creditors' assets, enabling them to trade FTX debt in public markets. At the same time, it allows better control over related assets and opens up new investment opportunities. According to contract verification provided by DebtDAO, the scale of this debt is approximately tens of millions of dollars. During the FUD early bird issuance phase, FTX bonds will be sold at a discounted price: 1 FUD = 1 USD. The initial issuance and liquidity of FUD will be set at 20 million, with a fair price range of 0 < 1 FUD ≤ 5 USDT.
Once FTX restores its database or officially confirms the actual debt owed to creditors, DebtDAO will conduct a second public offering based on the verified debt amount and distribute an airdrop to all FUD holders. At that point, the fair price will adjust to 0 < 1 FUD ≤ 1 USD. According to DebtDAO rules, users holding 1 FUD prior to the second public offering will receive an additional 2 FUD as a bonus airdrop. After the airdrop, DebtDAO will initiate a 1:1 debt buyback program for users holding FUD.
