Jamie McNeill
The FTX disaster that unfolded over the course of the last few weeks has destroyed the reputations of many in the crypto space, particularly SBF and Kevin O’Leary.
It is estimated that approximately $15 billion of value was destroyed directly, and there’ll be many multiples of that being destroyed by secondary order effects.
Dash 2 Trade gives the tools to avoid disaster
There were many clues that the price of FTT would have collapsed in the way in that it did. Once the Alameda balance sheet was leaked to CoinDesk, it became obvious that the company had been taking out leverage based on the value of their FTT token holdings.
Moreover, Caroline Ellison’s offer to then buy $580m of FTT from Binance’s CZ in an OTC trade sparked further rumours that Alameda and FTX weren’t nearly as liquid as many originally thought.
Dash 2 Trade’s social tools and sentiments could have provided the tools that would have helped users to firstly remove their funds from the FTX exchange, and secondly to be able to make profitable trades with the news.
Traders could have profited from the disaster
Those who were able to spot the signs would have been able to take out highly lucrative shorts against the FTT token, or even the SOL token (which also suffered thanks to so much SOL being owned by FTX and Alameda).
FTT collapsed in value, losing over 90% of its value in under 48 hours as it fell from $22 to just $2.
This provided an opportunity for savvy traders to capitalise on, with those who took out shorts making huge profits on the decline of FTX.
The D2T presale is now live
The Dash 2 Trade presale is now live, and has been going from strength to strength, with $6.7m now having been raised by the platform.
THE $D2T PRESALE IS STILL LIVE ON OUR WEBSITE!
⏰ Buy now before it's too late ⏰
Buy #D2T here⬇️https://t.co/ExvBBjt7vw pic.twitter.com/Pwo1nt3eYl
— Dash 2 Trade (@dash2_trade) November 21, 2022
The presale is being conducted in a series of stages, meaning that those who participate earlier on are able to acquire tokens at lower prices.
Currently, the price of D2T stands at just $0.02, but this will rise to $0.025 at the next stage of the presale.
Relevant news:
- Dash 2 Trade Strikes Deal to List on BitMart Exchange in Presale Booster
- 10+ Best Altcoins to Invest in 2022 – Which New Altcoins to Buy?
- FTX Collapse is Bad But Good For This Platform for Savvy Traders
Dash 2 Trade - New Gate.io Listing
- Also Listed on Bitmart, Changelly, LBank, Uniswap
- Collaborative Trading Platform Token
- Featured in Bitcoinist, Cointelegraph
- Solid Proof Audited, CoinSniper KYC Verified
- Trading Community of 70,000+ Members
This article was written for Business 2 Community by Jamie McNeill.
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