DebtDAO Burn 18 Million $FUD Tokens in Response to Skyrocketing User Demand

The post DebtDAO Burn 18 Million $FUD Tokens in Response to Skyrocketing User Demand appeared first on Coinpedia Fintech News The FTX and Alameda bankruptcy protection under chapter 11 is […]

The post DebtDAO Burn 18 Million $FUD Tokens in Response to Skyrocketing User Demand appeared first on Coinpedia Fintech News
The FTX and Alameda bankruptcy protection under chapter 11 is in the third month without any signs of compensation soon. As a result, a project dubbed DebtDAO came up with an initiative to make the FTX creditors again. Through newly-issued FTX User Debt (FUD) tokens, DebtDAO intends to raise capital from the public to repay …