Freeway crypto exchange has halted Supercharger’s high-yield transactions and services. Due to unprecedented volatility in the forex and cryptocurrency markets, Freeway has suspended several services. In an October 23 post, the site stated that it would cease accepting deposits and purchases until its new strategies were implemented.

It will “not be purchasing Supercharger simulators” until then. According to the Freeway website, its Superchargers product can provide users with yearly yields of up to 43%.

Users can deposit fiat and cryptocurrency into regulated brokerage accounts, which can then be leveraged for returns. However, the suspension of services resulted in a significant drop in the value of its in-house cryptocurrency.


Freeway Tokens – Source: Tradingview

According to the Tradingview chart, the price of its token Freeway (FWT) has dropped by more than 75% in the last 24 hours as a result of the announcement.

Freeway is Diversifying Its Holdings

Freeway announced its intention to diversify its holdings in order to ensure the system’s long-term viability and profitability. The move was taken in response to market volatility in cryptocurrencies and foreign exchange.

While the procedure was underway, Freeway stated that it would allocate funds to its underlying portfolio. As a result, it would not be buying back any Superchargers, preventing customers from cashing out.

After the initial announcement, Freeway stated that it would not comment further, and no deadline for the process’ completion was given.

Users’ Concerns

Following other high-profile issues with cryptocurrency companies and exchanges, users have expressed their concerns on social media and the Freeway Telegram channel. The two most pressing questions are whether withdrawals will be processed and whether Freeway will join other well-known cryptocurrency sites.

So far, a single Freeway moderator/admin has advised users to submit a support request and stated that they will be unable to say anything more until the next official notifications are released.

The moderator stated that the entire team is working hard, with the goal of resuming partial Supercharger simulation purchases (buy-backs) and, eventually, full Supercharger simulation purchases.

43% Annual Rewards with Freeway

Based on a 20% basic annual return rate, Freeway claimed a 43% return on investment. Holders may increase their yearly reward by participating in other loyalty incentives, according to a Freeway video.

The first is to encourage users to specify a 30-day notice period before selling any Superchargers, which would result in a 10% return for customers. Then, by keeping a certain number of Freeway Tokens, they can add 10%. The remaining 3% is determined by the platform’s “activity score,” which requires first signing up for the company’s newsletter.

Freeway assured clients that strategies to improve this score would be available soon and could be worth up to 10%, bringing the total possible return to customers to a staggering 50%.

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