Since the collapse of the FTX exchange, the FTX token has remained bearish, losing nearly 2.50% to trade at $1.38 today. FTT, the native token of the troubled crypto exchange FTX, opened at $1.4581 on December 7, with a high of $1.4637 and a low of $1.3744.
Bitget Airdrops USD 2M Seed NFT to FTT Holders
Bitget, a leading global cryptocurrency exchange, has launched its Seed NFTs collection, including enticing prizes and many bonuses. Furthermore, during the World Cup, it will airdrop NFTs to eligible FTT holders.
#Bitget launches Seed #NFT Collections with $2 million rewards to be airdropped to $FTT holders!
10,000 Seeds are issued in phase 1! NFT holders will enjoy:
✅ Buy $BTC & $ETH with 50% off
✅ Airdrop privilege
✅ $BGB bounty
and more!Details: https://t.co/3ytXmbNPYU pic.twitter.com/o0kuCQCZyu
— Bitget (@bitgetglobal) December 5, 2022
This NFT collection, with a reward pool of approximately USD 2 million, is one of Bitget’s efforts to assist users affected by the FTX collapse. The core principles include assisting investors financially while also attempting to restore trust in cryptocurrency through a focus on its integrity and transparency.
Bitget’s most recent airdrop is divided into two parts for FTT holders. To claim Seed NFTs, qualified users must first connect their wallets to OpenSea, and then NFT holders can access the rewards package on Bitget’s platform.
The bundle includes free trial funds, a 50% discount on BTC and ETH purchases, access to BGB airdrops, and other advantages. FTT holders who have at least 10 FTT in their balance at the time of the snapshot are eligible to claim their NFT airdrop and access the prizes based on the rarity of their NFT.
The news is good for FTT holders and FTT/USD.
The Fall of the FTX
The collapse of FTX, which had a domino effect on the rest of the cryptocurrency market, was without a doubt the most significant event to occur last month. Changpeng “CZ” Zhao, CEO of Binance, recently expressed his thoughts on the FTX crisis and collapse on Twitter.
He addressed five separate “narratives” that he said was “wrong” at the time in a thread posted on December 6.
1 “CZ wants to be the savior of crypto.”
Crypto doesn’t need saving. Crypto is fine. It’s the beauty of decentralization. We are just part of it. We want to help other good projects that may be in a cash crunch because of recent events. It’s in our collective best interest.
— CZ Binance (@cz_binance) December 6, 2022
In addition to explaining what he thought caused FTX to fail, he said that the former CEO of Alameda Research, Caroline Ellison, was to blame for the drop in the value of FTX’s token, FTT. Moreover, he stated that Sam Bankman-Fried was a fraud and never a rival.
Changpeng Zhao (CZ), CEO of Binance on Caroline Ellison, former CEO #AlamedaResearch @carolinecapital
“She was not fit to be a hedge fund CEO.” https://t.co/puKTlc6QCF
— RBClouston (@rbclouston) December 7, 2022
CZ is bullish about the future of cryptocurrencies, but he is full of scorn for Sam Bankman-Fried and the now-bankrupt FTX. CZ said on December 6 that FTX killed themselves (and their users) by stealing billions of dollars in user funds. He claimed that no third party should be held responsible for FTX’s failure, not even himself.
2 “FTX was killed by xyz (ie, a 3rd party)”
No, FTX killed themselves (and their users) because they stole billions of dollars of user funds. Period.
— CZ Binance (@cz_binance) December 6, 2022
The price of the bankrupt cryptocurrency exchange FTX’s native coin, FTT/USD, began to fall. On the other hand, CZ blames Caroline Ellison of Alameda for the FTT price drop, citing a tweet she sent on November 6 offering to “happily” buy all of CZ’s FTT for $22 per token.
4. “CZ’s tweet destroyed FTX”
No healthy business can be destroyed by a tweet.
However, there was a tweet that may have, Caroline’s tweet 16 minutes after mine on Nov 6. Data shows it was the real cause for people to dump FTT:https://t.co/yWFqKvbqMU
— CZ Binance (@cz_binance) December 6, 2022
Since the FTX token is in decline, other coins are receiving attention and are worth checking.
Dash 2 Trade (D2T)
D2T appears to be one of the greatest new cryptocurrency projects of 2022, owing to the team’s awareness of what cryptocurrency traders and investors require in today’s market. Dash 2 Trade’s capabilities and features can assist traders make better investing selections by streamlining the asset selection process.
The project will be listed on the BitMart and LBank exchanges following the presale. The platform is rapidly approaching the end of the final stage, despite the fact that the presale is still in its early stages.
The platform’s native token, D2T, will be used to pay for platform services and participate in community initiatives and competitions. The cryptocurrency is currently in presales, with over $9 million already raised.
IMPT – Presale to End In Five Days
IMPT’s team is making the world of carbon credits much more efficient than ever before by putting carbon credits on the chain. Previously, the carbon credit system was highly opaque; it only applied to businesses, and trading with them was inefficient and out of date. Carbon credits can be traded as NFTs on the blockchain 24 hours a day, seven days a week.
LBank and Changelly Pro, two centralized exchanges, will list IMPT shortly after its DEX launch. The IMPT presale has raised $15 million and is nearly sold out. The price of the IMPT token has risen with each stage of the presale to $0.023.
Calvaria (RIA)
Calvaria defies conventional pay-to-earn gaming by awarding NFTs to users as soon as they sign up. As a result, no financial or technological resources are required for game participants. Calvaria’s early-round crowdfunding piqued the interest of investors. The first four stages of its presale sold out quickly, and stage five is almost 73% sold out.
Investors looking to purchase 30.77 RIA tokens for USDT 1 must act quickly before the presale ends. Calvaria has raised about $2.2 million since the presale began. The total project funding will be $3,075,000 when stage 5 is completed. Trading signals can also be used by traders.
RobotEra (TARO)
RobotEra is a game that takes place on a virtual planet called Taro. The planet was destroyed by a massive apocalyptic event and must be rebuilt. Players in this game are tasked with rebuilding the virtual world while purchasing land and property.
In RobotEra, every asset is a non fungible token (NFT), from players’ avatars to their properties and land. The game essentially offers players full ownership of everything they buy, allowing them to sell and make gains whenever they choose.
The game’s objective is to rebuild the planet, although they can also engage in quests and other activities available in the communal metaverse. TARO, the platform’s native token, is available on presale and has so far raised $430,000.
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