How does FTX, with a maximum return of 416x and frequent outperformance, create a new wealth effect?

At the end of August, Star Atlas' dual-coin IE0 generated a lot of buzz. Both coins were recently opened for trading. POLIS peaked at $19.20, a hundredfold increase at cost of $0.2. ATLAS peaked at $0.28, a 200-fold gain at $0.00138 cost. Rhythm introduced this project before Internet Explorer 0 was turned on. Click here for more informationWill Unreal engine 5's Star Atlas be Solana's Axie Infinity?.

Token prices continue to rise, is inseparable from the excellent fundamentals of the project. However, although fundamentals are important, it is difficult for ordinary investors to have a comprehensive understanding and judgment of the project. As a result, platform selection means that audit and control are becoming increasingly important. This is not the first time FTX has created such a high wealth effect. Considering all previous IE0's, each time the investment return was quite impressive. This article will take you through the FTX IE0 experience.

Head exchange aspirations

On July 21, cryptocurrency trading platform FTX announced it had closed a $900 million Series B funding round, Sequoia Capital, SoftBank, Ribbit Capital, The Paul Tudor Jones family office, Coinbase Ventures, Sino Global Capital, Paradigm, and more than 60 other investors participated in the investment at a valuation of $18 billion. Record of the largest financing in a startup.

As the platform token of FTX, FTT conducted IE0 as early as July 2019, which was the first IE0 of FTX platform. At the time, FTT cost just $0.2. FTT's price increased eightfold on its first day of trading.

The growth of FTX is obvious to all in the industry. In just 28 months, this young cryptocurrency trading platform has grown into a huge beast with an estimated value of $18 billion. This has made it one of the most popular cryptocurrency trading platforms in the world. FTT is also rising as FTX grows. As of now, FTT price peaked at $83.30, if held at IE0 cost price so far, the return has been more than 400 times.

  (FTT market trend in the past year)

The rise in FTT prices is not just an endorsement of FTX itself. The FTT itself is also extremely useful. For example, FTT currency holders will get a higher percentage of invitation commission, reward for handling fees, extra rights for voting in the currency, extra bonus for airdropping, handling fees for free currency, extra subscription coupons for token pre-sale, etc.

If you want to participate in FTX's IE0 activities, you also need to pledge FTT to obtain the participation qualification. In the case of Star Atlas, which has increased by 100 times this time, users need to pledge 150 FTT to participate.

Under the joint promotion of various factors, as the first TOKEN of IE0 by FTX, FTT has brought amazing returns to investors. And this isn't just the case with FTT. FTX has since conducted many IEO, the benefits are not to be underestimated.

Solana is more than just an Ethereum killer

In the last two weeks, Solana Eco-tokens have grown by leaps and bounds. Looking back on the ecological development of Solana, it is actually far different from other public chains. In addition to the rich ecosystem of DeFi, Solana also relies on the entry of traditional giants to attract users outside the circle, and has evolved a unique ecosystem different from other public chains in the industry.

SBF, the founder of FTX, openly said in an interview, "I am a fan of Solana, and it is a very cool product." Solana, he argues, is one of the few, if not the only, existing blockchains capable of hosting huge application scenarios. As a result, Solana can be the first choice for large application deployments.

Most of the well-known ecological projects on Solana's public chain will also choose FTX for IE0. According to DefiLlama, Solana chain's total lock-up volume has reached $7.5 billion. In Solana ecosystem, well-known projects such as Serum, Bonfida, SolriseFinance and MAPS have all conducted IE0 in FTX. How much would investors have made if they had stayed in the game?

In Serum, for example, SRM tokens cost just $0.11 when IE0 was implemented last August. It rose as high as $1.61 on its first day of trading, up 15-fold. SRM topped out at $12.90, according to FTX. If held at the cost price of IE0, the increase has exceeded 100 times, while the income of MAPS, FIDA, SLRS, OXY and other projects can reach several times or even tens of times.

(FTX previous IE0 earnings list)

May be the first truly "out of the loop" cryptocurrency exchangeeasyplatform

At the end of last year, The 29-year-old founder of FTX came straight into the mainstream when Forbes published its "30 Under 30" list.

Under its young boss, FTX is far more out of the loop than SBF itself. Different from other cryptocurrency trading platforms, FTX attaches great importance to the influence of the public outside the circle, which is also one of the driving forces of FTX's rapid development.

  (FTX Arena)

In this year alone, FTX has carried out several cooperation on the way out:

· NBA star Stephen Curry has entered into a long-term partnership with FTX trading platform, becoming a shareholder of FTX and a global ambassador of FTX.

· FTX.us has the exclusive title to the Miami Heat's main stadium for the next 19 years, when the stadium will be called FTX Arena.

· NFL legend Quarterback Tom Brady, Brazilian supermodel Gisele Bundchen and FTX have established long-term partnerships. Blake will serve as AN FTX ambassador and Giselle will be an adviser to FTX on environmental and social initiatives.

· Major League Baseball (MLB) announced a "long-term partnership" with FTX.

· FTX signed the 10-year exclusive naming rights of global esports Team TSM (Team SoloMid) for $210 million.

· FTX has a seven-year partnership with League of Legends developer Fist Games.

The rapid development of FTX is naturally closely related to the rapid growth of the industry. However, it is not hard to find that even within the industry, FTX's development trend is far greater than that of most cryptographic companies. In the continuous progress of "going out of the circle", FTX is gradually entering the vision of the mainstream masses. It's also a great way to weather the crypto cycle. For now, FTX seems to be on the right track.

It was once asserted that FTX was a company built to transcend time. It's hard to say that about this young company, which is less than three years old. But through Alameda's extensive investment practices, Solana's thriving ecosystem, and the innovation and growth of FTX's business segment, more attention is now being paid to FTX's growing trading volumes and trends driving innovation in the cryptocurrency space.

Now, it is actively going out of its way to bring more passers-by into the cryptocurrency wave sweeping the world. After rapid development, perhaps in the next few years, rather than endless rapid growth, IT is more important for FTX to strike a balance between the speed of development and the control of the company, so as to replace chaos and disorder with thoughtful consideration, so as to ensure the long-term development of the company.

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