A Game-Changer in the Blockchain Ecosystem Fantom's Upcoming Upgrade: SONIC Chain A Transformer of the Blockchain Ecosystem Overview Fantom is set to launch its new chain—SONIC, sparking heated discussions. While controversies surround this transition, the project shows immense potential, and I'm optimistic about its future. Fantom is about to launch the new chain SONIC, triggering intense discussions. Although this upgrade comes with many controversies, the project shows great potential, and I am confident about its future. There has been widespread confusion between SONIC and SONICVM, with many mistaking them as the same project. This reflects a lack of clarity in the promotion strategy, giving competitors the opportunity to overtake. However, SONIC remains a force to be reckoned with.
According to sources, Backpack confirmed the acquisition of FTX EU. https://cincodias.elpais.com/criptoactivos/2025-01-07/backpack-compra-ftx-eu-y-se-compromete-a-devolver-el-dinero-a-los-clientes-afectados-por-su-quiebra.html?utm_source=chatgpt.com Backpack acquired FTX EU and promised to return the funds to affected customers.
After Backpack acquired ftxeu, who does the claim belong to? After Backpack's acquisition of FTX EU (FTX Europe), it will be responsible for distributing the court-approved bankruptcy claims funds to FTX EU's customers. This means that the claims of FTX EU customers will be handled and returned by Backpack. Backpack CEO Armani Ferrante stated that compensating customers is a key step in rebuilding industry trust and confidence, and Backpack is committed to returning FTX EU customers' funds as quickly and safely as possible. Additionally, Backpack EU plans to launch in the first quarter of 2025 and will offer cryptocurrency derivatives trading services, including perpetual futures, in the EU.
FTX has entered the compensation stage. If there are no plans to restart in the future, will the remaining value of FTX equal zero?
FTX has entered the compensation phase. If there are no plans to restart in the future, will the remaining value of FTX equal zero? Does the value it represents only remain as FTT tokens? Isn't that regrettable? FTT, as an abandoned token, will truly go to zero~ So won't many holders of large amounts of FTT tokens be in a terrible situation? The impact of FTX compensation and restart FTX is currently in the compensation process, primarily aiming to liquidate assets and compensate creditors. If there are no plans to restart the exchange in the future, FTX as a platform may indeed lose its functionality, and the remaining value will depend on its liquidated assets. After the compensation process is completed, if FTX has no other operational plans, the value of FTX as a company or platform will significantly diminish, and it may even go to zero.
I think your data is incorrect. Sonic is benchmarked against the total issuance of FTM, and is expected to issue an additional 200M for developers, investors, and airdrop purposes. Not 10 billion.
CryptoKiiing
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Bearish
$FTM max supply is 3 billion tokens , sonic supply is 10 billion tokens
Why you swap 1 to 1 and you make the max supply 3.5 times more
It mean one thing only. Price of Sonic will be 0.7/3.5 =0.2 $ only
Should FTT be held? A test that strikes the soul 🍀 Just waiting for a 1% possibility 👀
After reading a bunch of comments, I only have a few questions 👀 1. Since there's no saving, why not let it rise again? 2. It goes up, and then the big holders have not sold? 3. If we talk about a coin that has no use, the price is quite high, why not switch holdings? The same question comes back to the depths of my soul, why don't I sell if I'm a big holder? 😆 Attached: Remember FTX went through Chapter 11 U.S. bankruptcy reorganization (Chapter 11 Bankruptcy) is a legal process aimed at helping businesses reorganize during financial distress and avoid complete liquidation or closure. The purpose of bankruptcy reorganization is to give businesses the opportunity to rearrange debts, cut costs, and continue operations. Therefore, companies undergoing bankruptcy reorganization typically **continue to operate** rather than closing directly.
The more I think, the more I feel a deep sense of dread. We might be meticulously blown up, leading to a fall into the abyss. It may be a bit late, but it's still possible to return to the rightful price. Bullish on 2025, up to 500K$BTC .
What if S2F prediction model Bitcoin will reach $500,000 in 2025? 👀Then we go home!
The S2F (Stock-to-Flow) model and the trend in the chart, S2F predicts that the BTC price may reach $500,000 in 2025, which is indeed a very optimistic estimate. If the price reaches this level, the price shown in the chart will again enter the range of the blue line. Key observations: 1. **Blue line interval**: - The blue line usually represents the stable range of the trend. If the price enters the blue line, it means that the market has returned to the long-term model, and the price may gradually move upward. 2. **Basic assumptions of S2F model**: - The S2F model is based on the scarcity of Bitcoin, and as the supply decreases with each halving (such as the halving in 2024), the price can increase significantly.
No. 13 suspension, FTM system switch main chain upgrade Open on the 16th, tokens change to Sonic $S All contracts suspended until the conversion to S goes live on January 6? For contracts and loans, they must be closed and repaid before January 6.
彩色聚宝鸟
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Is there any kind person who can help me explain what this prompt means? 🥲
If it weren't for man-made and black swans, we should be here
As can be seen from this chart, Bitcoin (BTC) price trends have been affected by several major events, such as COVID-19 (C-19), 312 Incident (the market plummeted in March 2020), 519 Incident (China’s crackdown on mining mine) and the collapse of FTX. The chart also shows the price’s recovery and current position after these events. $ **Analyze the impact of these events on the market:** 1. **COVID-19 (C-19)**: The outbreak of the epidemic in early 2020 caused panic in global financial markets, and assets including Bitcoin fell sharply. Then the market rebounded quickly, and Bitcoin entered a bull market in the later period.
Recommended two levels: You should hold currencies with stable, high market value,#hugeexplosion potential. Binance support 1. Loan contract 2. High market value 3. Massive supporters Recommended two levels: You should hold currencies with stable, high market value,#hugeexplosion potential. Binance support 1. Loan contract 2. High market value 3. Massive supporters $DOGE $PEPE $FTM
Continuing to drop like this is intentional. Want to shake off more people from getting off the bus, a pair of bulls need to be wiped out. In the end, the bears also need to be wiped out. You understand, continuously buying at the bottom, what would you do?
Self-reflection on the feelings and experiences from years in the cryptocurrency space #The Glorious Decade of Cryptocurrency
Self-reflection on the feelings and thoughts from years in the cryptocurrency space After years of ups and downs in the cryptocurrency space, I’ve concluded that it’s best to hold mainstream currencies and do some medium to long-term arbitrage. It was a pity to miss the 2U #BTC back then. Later, when entering the market, I entered at the low point of the 2018 bear market, luckily buying at the 3-5000 range, and continuously buying below 10,000. In 2022, during the bear market, I remained bullish and didn't exit, continuously buying the dip, even borrowing to go all in! In the end, I was crushed by my own excessive financial leverage 🥲 But I don’t regret my wrong decisions and am determined to stay in the market. I still remember 15k, a good friend messaging to ask: Bitcoin is a scam, a Ponzi scheme, you should stop playing.
Wildfires cannot be extinguished..... Unless there is a significant increase in capital, otherwise it will just be continued consolidation~ If it falls further, there will be more long positions~ If the incremental capital cannot keep up, the death spiral will come~
MF红柚
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Looking at the liquidations over the past month, there are very few long positions left, with only a few remaining in the 91,000 to 93,000 range. I speculate that the most likely scenario is that the market will first clear these remaining long positions, followed by a possible rally. In addition, from the analysis of the liquidation chart, Bitcoin seems to have limited room to fall, with a large number of short positions above, which are likely to become a boost to Bitcoin prices.
A currency's high growth/fall represents market enthusiasm and liquidity~ At the beginning, BTC also fell into the crisis of hard fork BCH/BSV ETH was also in the crisis of a hard fork at the beginning ETC/ETHW A good public chain will only get better and better as long as it goes through bulls and bears~ Looking back and thinking about it, you should buy ultra-cheap and well-known public chain currencies. And hold on firmly! Still bullish on FTM SONIC’s future growth of 10-100X The cheaper you buy, the higher your future income will be. FTM high-quality public chain with low market capitalization can have something to look forward to $FTM
Continuing to drop like this is intentional. Want to shake off more people from getting off the bus, a pair of bulls need to be wiped out. In the end, the bears also need to be wiped out. You understand, continuously buying at the bottom, what would you do? $FTM