کرپٹو انویسٹمنٹ فرم فری وے نے آپریشنز روک دیے، ٹوکن ٹینک 75%

Crypto investment startup Freeway announced that it has suspended its services on its platform and stopped buying back the investors’ Supercharger Simulations, the firm’s financial product that offers users up to a 43% yield.

“Freeway has therefore decided to diversify its asset base to manage exposure to future market fluctuations and volatility, ensuring the long-term sustainability and profitability of the Freeway ecosystem,” the platform said in a statement.

According to Freeway, its decision is influenced by the “unprecedented” volatility in foreign exchange and crypto markets, but no other information was provided on how the firm will diversify its asset base.

Earlier this month, Freeway CEO Sadie Hutton said that “a looming global recession and high levels of inflation had dogged markets, but Freeway stood poised to end 2022 with a bang,” boasting that his firm gained a net positive growth of $1.8 million in users’ Supercharges in Q3 of 2022.

Typically, investors buy Supercharges as Freeway offers a big profit once the investors have decided to sell back the Supercharges to the platform in the future. This advertisement has led Freeway to collect about $161 million in Superchargers within its ecosystem

The firm’s decision also led its native token, FTW, to drop. As of writing, FTW’s value is at $0.001643 (~₱ 0.096), much lower than its all-time high price of $0.0242 (~₱ 1.42) last May.

This is not the first time that a centralized platform has stopped operations. Last June, marketplace platform سیلسیس also decided to suspend its operations, specifically in withdrawals. This is after the crash of Terra and Luna and the continuous downtrend of Bitcoin.

ادھر ، ایک میں report by Nomics, more than 12,000 crypto projects, platforms, and tokens have stopped trading this year.

This is in line with the experts’ analysis that even good projects are struggling to sustain themselves in the current crypto winter. The bear market started earlier this year when even the largest cryptocurrencies حادثہ ہوا، اور کرپٹو ارب پتیوں کی دولت میں نمایاں کمی واقع ہوئی۔ (مزید پڑھ: بیئر مارکیٹ کرپٹو ارب پتیوں کی دولت کو تباہ کر دیتی ہے۔)

کرپٹو کے ساتھ ساتھ، نان فنجیبل ٹوکنز (NFT) اسپیس بھی کرپٹو سردیوں سے متاثر ہوئی ہے جہاں یہ صرف 97 مہینوں میں 9 فیصد کریش ہو گیا۔ مارکیٹ کی قیمت جنوری 17 میں 2022 بلین ڈالر سے کم ہو کر ستمبر میں 466 ملین ڈالر رہ گئی۔ (مزید پڑھ: NFT مارکیٹ کا حجم 97 کی بلندی سے 2022 فیصد گر گیا۔)

یہ مضمون BitPinas پر شائع ہوا ہے: کرپٹو انویسٹمنٹ فرم فری وے نے آپریشنز روک دیے، ٹوکن ٹینک 75%

ڈس کلیمر: BitPinas مضامین اور اس کا بیرونی مواد ہے۔ مالی مشورہ نہیں. ٹیم فلپائن-کرپٹو اور اس سے آگے کے لیے معلومات فراہم کرنے کے لیے آزاد، غیر جانبدارانہ خبریں فراہم کرتی ہے۔