Solana

Galaxy

<div class="coinjournal">
 <ul>
  <li>FTX to auction the remaining locked Solana (SOL) tokens.</li>
  <li>The last SOL token sale by FTX attracted significant buyer interest.</li>
  <li>Figure Markets confirms it will participate in the auction.</li>
 </ul>
 <p>The embattled FTX cryptocurrency exchange is set to <a rel="noopener noreferrer nofollow" title="auction" href="https://thebittimes.com/tag/auction.html">auction</a> the <a rel="noopener noreferrer nofollow" title="remaining" href="https://thebittimes.com/tag/remaining.html">remaining</a> <a rel="noopener noreferrer nofollow" title="locked" href="https://thebittimes.com/tag/locked.html">locked</a> Solana (SOL) tokens from its estate. The decision follows the success of the previous sale, which generated significant interest from buyers.</p>
 <p>The upcoming <a rel="noopener noreferrer nofollow" title="auction" href="https://thebittimes.com/tag/auction.html">auction</a> has been confirmed by Mike Cagney, the CEO of Figure Markets and board chair of Figure, who disclosed that the decentralized exchange will take part in the <a rel="noopener noreferrer nofollow" title="auction" href="https://thebittimes.com/tag/auction.html">auction</a>.</p>
 <h2 id="figure-markets-introduces-spv-investment-opportunity">Figure Markets introduces SPV investment opportunity</h2>
 <p>To facilitate Figure Markets’ participation in the upcoming SOL <a rel="noopener noreferrer nofollow" title="auction" href="https://thebittimes.com/tag/auction.html">auction</a>s from the FTX estate, Figure Markets has unveiled a Special Purpose Vehicle (SPV) open to non-US investors (subject to KYC) and accredited US investors.</p>
 <p>The SPV will operate based on community consensus, where each dollar invested equals one vote in determining bid prices and subsequent management decisions.</p>
 <p>Investors interested in participating in the SPV can do so using USD, USDC, BTC, or ETH. Figure Markets will charge a 50 bps annual management fee to cover the costs of setting up the SPV and ongoing management. Additionally, while there’s no confirmed timeline yet, Figure Markets intends to integrate the SPV into their exchange, allowing investors to use their investment as collateral for borrowing and margining.</p>
 <p>By offering this investment opportunity, Figure Markets aims to provide investors with a streamlined way to participate in the auction of locked Solana tokens from the FTX estate. With the SPV structure, investors can have a say in bid prices and subsequent management decisions, creating a community-driven approach to investment in the cryptocurrency space.</p>
 <h2 id="ftx-s-previous-solana-sol-token-sale">FTX’s previous Solana (SOL) token sale</h2>
 <p>The success of FTX’s previous SOL token sale to industry giants like Pantera and Galaxy Digital&nbsp;cannot be understated.</p>
 <p>With approximately $2.6 billion generated from selling two-thirds of its locked Solana tokens at around $60 per token, the FTX estate made significant gains from the sale.</p>
 <p>For the investors, considering Solana’s current price hovering around $153, the decision to buy in previous Solana sales appears to have been a prudent one.</p>
 <p>However, the volatile nature of cryptocurrencies calls for careful consideration and risk management especially seeing that the unlocking of huge amounts of tokens could create a surplus in supply and unless the demand goes through the roof, the token price could plummet.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/figure-markets-ceo-confirms-ftx-s-auction-of-remaining-locked-solana-sol-tbt85999.html">https://thebittimes.com/figure-markets-ceo-confirms-ftx-s-auction-of-remaining-locked-solana-sol-tbt85999.html</a></p>

Figure Markets CEO confirms FTX’s auction of remaining locked Solana (SOL)

Mục lục

TheBitTimes

Các bài viết khác được xuất bản trên 22 thg 4, 2024

Chinese Embassy Advises Citizens in Angola to Avoid Crypto Mining

Ethereum Faces Market Fluctuations and Growth Challenges

Thailand Cracks Down on Illegal Crypto Exchanges

Cryptocurrency Ethereum Classic's Price Increased More Than 3% Within 24 hours

Base Network Sets Record High in Contract Deployers, Reaches 21.7K

This List of CEOs Abandoned Their Crypto Projects, Stealing Over $26 Million

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!