• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
​More than 95% of Maps.me and Oxygen tokens are locked on FTX

​More than 95% of Maps.me and Oxygen tokens are locked on FTX

user avatar

by dapp_writer005

3 years ago


On November 16, 2022, it became known that several DEX projects at once (Maps.me and Oxygen) announced that 95% of their assets are stored on the bankrupt FTX exchange. Representatives of the projects spoke about this on the Oxygen protocol website. It is worth noting that these platforms were previously supported by Sam Bankman-Fried. In total, about $100 million was invested in the investment of the sites.

At the moment, representatives of Maps.me and Oxygen are shocked by the information about the bankruptcy of FTX, since it was this exchange that held most of the ecosystem tokens. To ensure the protection of their platforms, project heads turned to legal advisers for help. 

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other articles

What Is Perpetual Protocol — How Decentralized Futures Trading Works in DeFi

chest

A detailed overview of Perpetual Protocol: how the platform works, PERP token utility, economy, and risks of decentralized derivatives trading.

user avatarElena Ryabokon

Sidus Arena Review — Gameplay, Tokens, Economy and Web3 Mechanics Explained

chest

A detailed overview of Sidus Arena covering gameplay, tokens, and economy. Learn how this Web3 PvP game and the SIDUS ecosystem are structured.

user avatarElena Ryabokon

What Is Realm Hunters? Full Guide to the Web3 Game, Tokens, and Mechanics

chest

A detailed overview of Realm Hunters: gameplay, mechanics, tokens, and in-game economy. Learn how the Web3 game works and its future potential.

user avatarElena Ryabokon

What Is GMX? Full Guide to the DEX, GLP Pool, and Leverage Trading

chest

A detailed overview of GMX: how the platform works, GLP liquidity model, leverage trading features, and key advantages and risks of a decentralized exchange.

user avatarElena Ryabokon

What Is dYdX? Full Guide to the Platform, DYDX Token, and dYdX Chain

chest

A detailed overview of dYdX: how the platform works, features of dYdX Chain, the role of the DYDX token, and key advantages and risks of decentralized derivatives trading.

user avatarElena Ryabokon

Project Red Review: Gameplay, Tokenomics, and Web3 Game Technology

chest

In-depth overview of Project Red, a Web3 game with NFT assets, token economy, and metaverse elements. Explore gameplay, technology, and future potential.

user avatarElena Ryabokon

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.