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Topic: FTT comeback - page 3. (Read 709 times)

sr. member
Activity: 1316
Merit: 254
Sugars.zone | DatingFi - Earn for Posting
April 29, 2023, 01:37:16 PM
#62
As far as I know, it hasn't been announced yet whether FTX will continue to use FTT as its native token or launch a new token. However, given that FTT has already established a significant following and liquidity, it seems likely that FTX would want to continue using it.

As for whether it's worth investing in FTT now, honestly don't take the risk to invest in FTX. While the news of FTX's comeback is certainly positive, but the negative effects from the project in the past is a stain that cannot be erased. That makes it difficult for FTX to thrive as the empire they once built.
legendary
Activity: 3052
Merit: 1188
April 29, 2023, 10:30:12 AM
#61
it will be very difficult for FTX to be able to restore user trust in their service, because many people have been stressed because of them. Instead of planning to launch it again, it's better for the team to focus on developing other platforms that are fresher and with better supervision. That might interest users to be able to use their platform.
The amount of money lost, and lives ruined because they wanted to rule their company horribly is beyond measure. We are talking about billions of dollars, and millions of people who lost everything they had, because they wanted to manage their company horribly. I agree that there is no way they would ever be trusted again and they are basically gone.

The best thing to do about this is that they should just pay what they owe and get out, they should not even be around anymore. Most of the big names got away without a jail time, it was just the CEO if I am not wrong, and those people could find another job and work there if they can, that would be fine for them, pay it back and then find another job is their best course of action right now, at least the least resistant one for them.
hero member
Activity: 2954
Merit: 533
Leading Crypto Sports Betting & Casino Platform
April 27, 2023, 07:06:09 PM
#60
If it will happen then what about users funds? A lot of users didn’t get their funds which was hold in their exchange. It’s good news, but i don’t think people’s will trust it 100%, because it’s already known as a big SCAM. So, it will be very difficult to get back the previous reputation. Best wishes to FTX.
it said that ftx itself has recovered some of their funds reaching billions surely those funds are gonna belong to those that have experienced massive loss due to these incident and what i mean by loss is the loss that is because holding the ftt token and even got their funds frozen in the exchange, eventually they will got reimbursement but honestly there's still no real decision regarding that so its all actually just speculation.
but i'm sure that eventually those that deserved will get reimbursement, even like that it's true many have lost their trust in this exchange surely they will be hesitant, even those that got reimbursement i doubt will keep their money in there, they'd instead do withdraw instantly and move over to better exchange.
hero member
Activity: 2282
Merit: 505
April 27, 2023, 06:22:40 PM
#59
it will be very difficult for FTX to be able to restore user trust in their service, because many people have been stressed because of them. Instead of planning to launch it again, it's better for the team to focus on developing other platforms that are fresher and with better supervision. That might interest users to be able to use their platform.
You underestimated the fact that ftt still alive until today means there are hard die fans with this company that ready to even go down together.
this company im sure if restarted will easily gain traction there are many that saying they miss this company despite the fact that they've been wronged, it seems ridiculous but it is what it is.
hero member
Activity: 2184
Merit: 513
Moonbet.io | Web3 Casino
April 27, 2023, 05:39:19 PM
#58
it will be very difficult for FTX to be able to restore user trust in their service, because many people have been stressed because of them. Instead of planning to launch it again, it's better for the team to focus on developing other platforms that are fresher and with better supervision. That might interest users to be able to use their platform.
even if they did develops other platform it will be hard for them, their history of scams and collapsing will always be remembered, many will be hesitant in investing in any project related with them, surely that's well deserving considering they've done worst to their victims.
full member
Activity: 1638
Merit: 167
Buzz App - Spin wheel, farm rewards
April 27, 2023, 11:50:40 AM
#57
it will be very difficult for FTX to be able to restore user trust in their service, because many people have been stressed because of them. Instead of planning to launch it again, it's better for the team to focus on developing other platforms that are fresher and with better supervision. That might interest users to be able to use their platform.
hero member
Activity: 2128
Merit: 530
PredX - AI-Powered Prediction Market
April 27, 2023, 11:02:59 AM
#56
People behind this FTX are greedy as hell. Why would they consider launching FTX again despite all what they did to people and screwing their investments due to one man's greediness? I don't think people will trust FTX again with this kind of actions, people will not risk again and loss money for the second time around. TRUST will be the issue here, so FTX will not be trusted again!

How many times does this need to be said. If FTX is relaunched, then SBF won’t be running it again. It’ll be run under a new management. Most likely no previous employees will work with the new exchange.

It will run for a while and if it is successful then it will be sold to another company who can take over and those funds will be used to make people whole again.

I have not seen any exchange in the Crypto space that got transferred from one management to another that get better after, Poloniex, Houbi to name the ones that come to mind, another thing is that these new guys don't understand the peculiarity of running a Crypto exchange so I don't see how this is good for users. Though this depends on who you ask for me the best thing is to get the best deal for users, instead of relaunching the exchange. As for $FTT, no matter the way we looked at it from now on I believe it is a good time to buy $FTT tokens, especially this quarter restarting the exchange good news, users getting access to their funds good news.
legendary
Activity: 2534
Merit: 1338
April 26, 2023, 10:11:16 PM
#55
I don't think there is any point in restarting because the reputation is lost and it will no longer be possible to offer the same product to old users. I saw some news that they want to restart and are looking for investors for this business, but I don't think there will be those willing to invest in such a big problem. As far as I understand, after the crash, far from all users were paid off even today.
they've got good brands, many already recognized this one, building up their reputation is no problem if there's someone new managing the company.
i think the due debt will eventually gets settled, i don't think this restarting is as bad as you might have pictured instead, they'll avoid recklessly investing like before.
I suppose it depends on how you look at this, it is true that the brand of a company represents a great part of their value, as this is what makes the public to pick their services or their products, but the brand can also work against a business, and I think this is going to be the case here, the collapse of the FTX exchange is something that people are not going to forget, so even if they tried to comeback the only thing people will think about when the FTX name is mentioned is that collapse and how the same could happen to them.
hero member
Activity: 2436
Merit: 503
Cryptocasino.com
April 26, 2023, 10:45:02 AM
#54
I don't think there is any point in restarting because the reputation is lost and it will no longer be possible to offer the same product to old users. I saw some news that they want to restart and are looking for investors for this business, but I don't think there will be those willing to invest in such a big problem. As far as I understand, after the crash, far from all users were paid off even today.
they've got good brands, many already recognized this one, building up their reputation is no problem if there's someone new managing the company.
i think the due debt will eventually gets settled, i don't think this restarting is as bad as you might have pictured instead, they'll avoid recklessly investing like before.
hero member
Activity: 2184
Merit: 513
Moonbet.io | Web3 Casino
April 25, 2023, 05:56:18 PM
#53
How many times does this need to be said. If FTX is relaunched, then SBF won’t be running it again. It’ll be run under a new management. Most likely no previous employees will work with the new exchange.
agreed with this, in every relaunching of a nearly bankrupt company there's always something behind the curtain like deal with new company just to pay off the debt that the previous management incurred, some people might think it's gonna be same old management but actually it's gonna be different.
legendary
Activity: 3808
Merit: 1723
April 23, 2023, 11:08:31 PM
#52
People behind this FTX are greedy as hell. Why would they consider launching FTX again despite all what they did to people and screwing their investments due to one man's greediness? I don't think people will trust FTX again with this kind of actions, people will not risk again and loss money for the second time around. TRUST will be the issue here, so FTX will not be trusted again!

How many times does this need to be said. If FTX is relaunched, then SBF won’t be running it again. It’ll be run under a new management. Most likely no previous employees will work with the new exchange.

It will run for a while and if it is successful then it will be sold to another company who can take over and those funds will be used to make people whole again.
member
Activity: 2044
Merit: 16
April 23, 2023, 10:08:59 PM
#51
People behind this FTX are greedy as hell. Why would they consider launching FTX again despite all what they did to people and screwing their investments due to one man's greediness? I don't think people will trust FTX again with this kind of actions, people will not risk again and loss money for the second time around. TRUST will be the issue here, so FTX will not be trusted again!
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
April 23, 2023, 07:28:45 PM
#50
If it will happen then what about users funds? A lot of users didn’t get their funds which was hold in their exchange. It’s good news, but i don’t think people’s will trust it 100%, because it’s already known as a big SCAM. So, it will be very difficult to get back the previous reputation. Best wishes to FTX.
this restart of course coming with some requirements otherwise the government will never allow such thing to happen.
I think it's gonna be bought and being managed under new company and then all the victims got their well deserved reimbursement like many have said.
but then again many complication will still arrive, since this collapse of the platform was known to be having chaining effect where some of the project that this exchange has invested in the past also got bankrupt and there are many of them.
hopefully many will got reimbursement at full and this exchange could always build up their reputation again but i'm sure people with big investment and capital in general gonna be reluctant putting their money in this exchange, too much risk while there are some other good exchanges like binance and kucoin.
hero member
Activity: 2366
Merit: 504
April 23, 2023, 06:04:29 PM
#49
I don't think there is any point in restarting because the reputation is lost and it will no longer be possible to offer the same product to old users. I saw some news that they want to restart and are looking for investors for this business, but I don't think there will be those willing to invest in such a big problem. As far as I understand, after the crash, far from all users were paid off even today.
you will definitely gonna be suprised at how many people actually willing to use ftx again even after the crash, there has been many that supports this come back and even said that ftx better than binance, maybe they are true in this regard, but i'd say their reputation already got scarred as you said, but it seems even the crash didn't make many people hesitant of using this platform again.
hero member
Activity: 2632
Merit: 649
DGbet.fun - Crypto Sportsbook
April 23, 2023, 05:39:25 PM
#48
I don't think there is any point in restarting because the reputation is lost and it will no longer be possible to offer the same product to old users. I saw some news that they want to restart and are looking for investors for this business, but I don't think there will be those willing to invest in such a big problem. As far as I understand, after the crash, far from all users were paid off even today.
legendary
Activity: 2534
Merit: 1338
April 23, 2023, 11:21:30 AM
#47
Personally, I really have lost faith in FTX, I think the fact that FTX users lose money depends on the specific cause of that loss. If the problem is caused by a technical error or a breach of contract, FTX will have to refund the lost funds to the user. However, if the problem is caused by the user's fault in securing his or her account, FTX will not be responsible for the lost funds.
Regarding the FTT token, it is the native token of FTX and will continue to be used. If FTX uses a different token, that will be communicated to users in advance and there must be a plan for easy conversion and ensuring that users' interests are not affected. However, there is currently no information on whether FTX will use another token as an alternative to FTT.
As wild as it may sound I think the FTX exchange could try to comeback and some of its previous users could try to support it as they will want to recover the money they are owed, and this can only happen if the FTX exchange becomes successful, but for the rest of the people that were unaffected by their crash and that understood everything that happened they will simply have no interest on helping FTX achieving their goals, and eventually the FTX exchange will fail again.
full member
Activity: 826
Merit: 104
April 23, 2023, 03:26:20 AM
#46
Personally, I really have lost faith in FTX, I think the fact that FTX users lose money depends on the specific cause of that loss. If the problem is caused by a technical error or a breach of contract, FTX will have to refund the lost funds to the user. However, if the problem is caused by the user's fault in securing his or her account, FTX will not be responsible for the lost funds.
Regarding the FTT token, it is the native token of FTX and will continue to be used. If FTX uses a different token, that will be communicated to users in advance and there must be a plan for easy conversion and ensuring that users' interests are not affected. However, there is currently no information on whether FTX will use another token as an alternative to FTT.
sr. member
Activity: 2226
Merit: 259
Buzz App - Spin wheel, farm rewards
April 22, 2023, 10:32:37 PM
#45
If it will happen then what about users funds? A lot of users didn’t get their funds which was hold in their exchange. It’s good news, but i don’t think people’s will trust it 100%, because it’s already known as a big SCAM. So, it will be very difficult to get back the previous reputation. Best wishes to FTX.
hero member
Activity: 1022
Merit: 667
Top Crypto Casino
April 22, 2023, 04:05:54 PM
#44
The answer to some of those questions are is the FTX United state under license if yes, that will lead to another question of if FTX United was under any insurance and if the answer to that question is yes, then the users of the exchange who have balance in the accounts before the crisis will get reimbursement from the insurance company.

Just like I read somewhere we're FTX Insurance company will soon begin to repay users from Japan or so,  I can't remember the thread again but I read it somewhere here in the forum.
hero member
Activity: 2128
Merit: 530
PredX - AI-Powered Prediction Market
April 22, 2023, 01:30:52 PM
#43
if ftx as an exchange platform falls under new management then i'd always try to use their platform but if it's the same management like before then I guess i'd hardly trust this platform even once more.
the thing is, their ftt token heavily tanked, even this news doesn't change that fact, i'd definitely not gonna fall for the twice moment.

A lot of people see the FTT token as a good hold because of the positive news around the exchange opening, what most people forget to consider is that most people will rush to withdraw their money from the exchange immediately after the exchange is opened, there will be liquidity crisis and also who will be the Market maker, remember Alameda is gone. I just have this feeling that they are just looking for ways to drive the prices of the assets on the book of FTX up especially those that are illiquid, so as to get enough money out of these assets. $FTT token is a great hold this quarter IMO but not long term
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