Justin Sun said that 18 million FTX Users Debt FUD token has been fully burned, resulting in a tenfold return for all holders.
After listing the token on Sunday, Huobi Exchange and Debtao announced that 18 million FUD token would be burned and 90% of the current token supply would be irreversibly burned.
The FUD token is only available on the Tron and the Huobi exchangeHuobi exchange.
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DebtDao is a project that is issuing debt to FTX users as a bond token, FUD, on behalf of FTX creditors.
The high enthusiasm of user subscriptions will boost the value of the FUD token, according to a blog post by Huobi. The initial total supply of 20 million FUD tokens had gone up to a much higher than the recommended price of 1 FUD, which is less than or equal to 5 TetherUSDT USD.
DebtDao has now destroyed 18 million FUD tokens, reducing the total issue to only 2 million. According to Huobi, this will result in a value increase from 1 FUD 1 USD equivalent to 1 FUD 10 USD equivalent, along with an early bird airdrop bonus and a new recommended price of 1 FUD is less than or equivalent to 50 USDT.
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