FTX's latest subscription project C2X has increased by 27 times, and the yield is the second in the history of the FTX platform

The latest subscription of FTX has just ended, and C2X, a blockchain game platform based on Terra, once again handed in a satisfactory answer to investors.

Not long ago, C2X just completed a financing of 25 million US dollars at a valuation of 500 million US dollars, led by FTX Ventures, Jump Crypto and Animoca Brands cast. Its Token CTX rose to $3 on the first day of trading, an increase of 27 times compared with the subscription cost price. It is the most outstanding project in the recent FTX startup subscriptions.

Subscription details

The CTX subscription that just ended, you can participate by staking at least 150 FTT (about 6,750 USD), and you can redeem it after the snapshot. Subscription coupons can be obtained by staking FTT. If the lottery is successful, each subscription coupon can get 6,700 CTX Token. Multiple subscription coupons can be successfully subscribed at the same time, and a maximum of 750 FTT (approximately $33,750) can be pledged to get six subscription coupons.

Staking FTT on the FTX platform, in addition to getting more subscription coupons, you can also reduce the handling fee, and the highest pending order handling fee is as low as -0.0030%.

Earning up to over $110,000

The total number of subscription coupons that can be successfully subscribed this time is 2,000, and the maximum bid for each subscription coupon is 502.5 USD(T) + 5 FTT, and you can get 6,700 CTX. Regardless of the pledge threshold of FTT, the actual subscription cost price of each CTX is about (502.5 + 45 x 5) / 6,700 = 0.11 US dollars. On the opening day, the highest price of CTX is 3 US dollars. Based on this price, if the user has a Winning the subscription coupon is equivalent to gaining a profit of 19,000 US dollars. And if all six subscription tickets are won, the proceeds can exceed $110,000.

Korean encryption ecological top stream project

C2X is a blockchain game platform, jointly developed by the Korean game company Com2uS and Terraform Labs, the development company of the Terra blockchain, providing blockchain games with solution. The goal of C2X is to establish an independent global blockchain game ecology. The first stage is to launch 10 blockchain games this year, and the ultimate goal is to become an inclusive game platform to create more games for CTX holders, gamers, and players. Big game ecology.

C2X is jointly developed by Com2uS and Terraform Labs. Com2uS is a well-known Korean game company, and its games have achieved excellent results in both Google Play and App Store.

Terraform Labs is currently the developer of the public chain Terra, which ranks second in TVL, and its Token LUNA usage in UST Driven by the substantial growth, the market performance is also quite eye-catching, becoming the most topical Alt L1 in the market.

The success of the subscription is of course inseparable from the attractiveness of the project itself. However, no matter how excellent a project is, if it is difficult for ordinary investors to have a more comprehensive understanding and judgment on it, it will be difficult to obtain good feedback. At this time, the platform is needed to play a role.

Inventory of FTX’s previous subscription activities

FTX has conducted several subscription activities before, let’s take a look at the specific data.

It can be seen that FTX starts authentication for the first time buy What is most important is its platform Token FTT. When FTT was subscribed in July 2019, the cost price was only US$0.2. According to the current FTX market, the price of FTT is about US$45.22. If it is held at the subscription cost price so far, the increase has been as high as 226 times. With an increase of 37 times (excluding the 5 FTT invested in the highest bid), CTX is second only to the increase of FTT and ranks second in FTX's previous subscription activities.

Now, FTX is actively going out of the circle, bringing more ordinary people into this wave of cryptocurrency sweeping the world. Under the rapid development, perhaps in the next few years, FTX will focus more on global compliance, and make a more thoughtful strategic layout while maintaining the development speed to ensure the long-term development of the company.  

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