Dearusers,
TheinitialtotalsupplyofFUD(FTXUser'sDebt)was20million.Andduetothehighenthusiasmofusersubscriptions,theFUDpricewasmuchhigherthantherecommendedpriceaftertheopening(recommendedpriceis0<1FUD≤5USDT).DebtDaoinitiatedaproposalonFebruary6,andafterdiscussionwiththecommunity,decidedtodestroy18millionFUDtokens.Afterthedestruction,thetotalissuewillbecome2millionFUDsandchangefromtheinitial1FUD=1USDequivalentclaimto1FUD=10USDequivalentclaimwithanadditionalearlybirdairdropvalue,andtherecommendedpriceofFUDwillfluctuatebetween0<1FUD≤50USDTafterthedestruction.HoldersofcurrentFUDtokensdonotneedtodoanything,andthevalueoftokensholdingFUDwillappreciatetentimes.
(Earlybirdairdrop:DebtDaowillairdroptheusertheequivalentamountofFUDbasedontheactualdebtamountannouncedbyFTXover20millionequivalentdebts).
Huobihasalwaysbeencommittedtothephilosophyofsupportingqualityassetsandencouragingoutstandingprojectstoexploreandmoveforwardintheindustry.AftercommunicationanddiscussionwithDebtDao,HuobiwillsupportDebtDAO'sproposaltodestroyFUDandsynchronizethelatestdataafterDebtDAO'sdestruction.
DebtDao'sofficialon-chaindestructionwilltakeplaceonFebruary7,2023(UTC).Duringthedestructionperiod,FUDassetsheldbyusers,pendingordersandorderplacementfunctionswillnotbeaffected.
Thankyouforyoursupport!HuobiFebruary7,2023
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