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DebtDAO, the supposed issuer of the FUD token, would burn 18 million tokens. This amounts to 90% of the current token supply. The burn event will happen on What Happened: After listing the token on Sunday, Huobi Exchange and Debtao announced that 18 million FUD tokens (amounting to 90% of the current token supply) What Happened: After listing the token on Sunday, Huobi Exchange and Debtao announced that 18 million FUD tokens (amounting to 90% of the current token supply) Untenable excitement from cryptocurrency traders for the newly-issued FTX User Debt (FUD) tokens has fueled volatile price swings, controversies, millions in trading Why are 18 million FTX Users’ Debt tokens being burned? Enthusiasm regarding FUD has led to volatile shifts in price and high trading volumes. Furthermore, prices Crypto exchange Huobi said DebtDAO would burn 18 million FTX User Debt (FUD) tokens later today because it rallied to a much higher value than the recommended DebtDAO ha declarado que creará más tokens cuando FTX confirme la deuda real y los distribuirá mediante airdrops a los titulares de FUD, quienes tendrán el DebtDAO, a decentralized autonomous organization focused on debt management, announced its plan to burn 18 million FTX user debt tokens. The decision to

18M FTX User Debt (FUD) Tokens Burned: Here's Why

The cryptocurrency world is buzzing about the sudden burn of 18 million FTX User Debt (FUD) tokens. Why are 18 million FTX Users’ Debt tokens being burned? Untenable excitement from cryptocurrency traders for the newly-issued FTX User Debt (FUD) tokens has fueled volatile price swings, controversies, millions in trading. Let's delve into the details behind this significant event.

DebtDAO to Burn 90% of FUD Supply

DebtDAO, the supposed issuer of the FUD token, has announced it will burn 18 million tokens. This amounts to 90% of the current token supply. Crypto exchange Huobi said DebtDAO would burn 18 million FTX User Debt (FUD) tokens later today because it rallied to a much higher value than the recommended. The decision to burn such a significant portion of the FUD supply is designed to address market instability and potentially provide a more stable valuation for remaining token holders.

The Burn Event: When & Why

The burn event will happen on [Insert specific date/time of burn if available - replace bracketed text]. The reasoning behind this drastic measure stems from the volatile shifts in price and high trading volumes following the token's listing. Enthusiasm regarding FUD has led to volatile shifts in price and high trading volumes. Furthermore, prices... What Happened: After listing the token on Sunday, Huobi Exchange and Debtao announced that 18 million FUD tokens (amounting to 90% of the current token supply) What Happened: After listing the token on Sunday, Huobi Exchange and Debtao announced that 18 million FUD tokens (amounting to 90% of the current token supply)

What is DebtDAO's Plan Moving Forward?

DebtDAO, a decentralized autonomous organization focused on debt management, announced its plan to burn 18 million FTX user debt tokens. DebtDAO ha declarado que creará más tokens cuando FTX confirme la deuda real y los distribuirá mediante airdrops a los titulares de FUD, quienes tendrán el... This suggests DebtDAO intends to create more tokens once FTX confirms the actual debt amount and distribute them via airdrops to FUD holders.

This burn aims to recalibrate the market and potentially provide greater value to future airdrops and FUD holdings.

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