Although more than 20 days have passed since the FTX incident, the Lehman effect caused by the collapse of FTX is constantly fermenting.
On November 28, BlockFi, an encrypted lending platform established in 2017, officially filed for Chapter 11 bankruptcy protection in the United States, becoming the latest large digital asset company to collapse after the collapse of FTX.
In addition to BlockFi, DCG (Digital Currency Group) is also deeply involved in the FTX Lehman vortex. With the news that "DCG owes more than US$1.1 billion to its subsidiary Genesis through a previously undisclosed promissory note hidden from potential investors, and asked not to disclose it", the market set off a wave of interest in the operation of DCG Group. The winds of doubt.
Genesis, a subsidiary of DCG, also announced on November 16 that it would suspend redemption and the issuance of new loans, lingering on the verge of collapse.
Affected by the turmoil between DCG and Genesis, another carriage of DCG, Grayscale, is also suffering under the influence of various unfavorable news. Although Grayscale has confirmed the existence of 635,000 BTC and 3 million ETH assets in the information disclosed by Coinbase and others, it has escaped for the time being.
However, due to ETF conversion failure and market problems, its negative premium skyrocketed. This month, GBTC’s negative premium was as high as 45%. Currently, Grayscale’s other trust funds such as ETH, ETC, and LTC have negative premiums above 40%.
With such a high negative premium, Genesis’s loss of nearly US$1.4 billion, plus its own arrears of more than US$1.1 billion, how long can the DCG Group’s encryption empire last? If DCG collapses, Grayscale will also collapse in an instant, and then another Lehman incident will erupt in the encryption circle.
However, although the current market is gloomy, the collapse of a certain giant will not push the development of the encryption circle back to a few years ago. Looking around, the entire industry is producing technological breakthroughs at an alarming rate all the time. Innovations are real, and ULinx is one of them.
The Backbone of ULinx Industry Innovation
When the industry's dream of a capital empire is about to be shattered, and a more "cold" crypto bear market is about to break out, ULinx still maintains a positive growth in the number of users and platform transaction volume. What are the reasons for this?
First of all, ULinx is an experienced financial technology company, aiming to build a complete Web3 payment ecosystem, creating a one-stop decentralized payment system that is efficient, low-cost, and can help users maximize asset value on a global scale .
Because the ULinx team has been deeply involved in the industry for many years, it has enough understanding of the relevant laws in the encryption field and the common demands of investors. ULinx believes that in an unstable market, it is necessary to find a vertical segment that can be maintained for a long time, and then develop diversified product segments based on it, enrich service types, and provide users with a one-stop and sustainable profit-making method. It is one of the winning secrets for a long-term foothold in the encryption field.
Based on the above points of view, ULinx has chosen USDT, the encrypted stable asset ranked first in the world's market value, as the center of the business sector. While helping users solve USDT exchange problems, it also helps users achieve long-term and stable profit demands.
ULinx Security Benefits Help Users Maximize Value in an All-round Way
Whether it is income, service or security, ULinx has achieved a high level in the industry, only to allow users to have a convenient and efficient Trade to Earn channel for the encrypted stable asset USDT, and contribute to the development and innovation of the industry.
The specific ways ULinx helps users benefit through USDT exchange are as follows:
Give users the most advantageous USDT exchange price
Benefits are always the ultimate factor for users to agree on a project; the success of a product is whether it can help users make profits. ULinx supports the exchange of USDT at a price higher than other trading platforms in the market.
Although many platforms support the exchange of USDT, users can find off-site exchange channels even if they do not go through the platform, but the prices of many exchange channels are uneven, and the source of funds cannot be determined, which has certain security risks. Users not only have to bear the losses caused by price discounts, but also worry about whether their bank accounts will be tied up.
In ULinx, users only need to publish advertisements to sell USDT, and ULinx will provide users with USDT exchange prices higher than the market through matching methods, strictly screen funds for security, and establish a safe exchange system.
In addition, ULinx also provides the industry's only fund guarantee service for users, and initiates insurance compensation measures, which can effectively avoid the loss of assets caused by the account being settled by D, and ensure the safety of all exchange links of users.
The new USDT exchange method Trade to Earn
Users of the Web3 ecosystem should be familiar with Earn, and may have seen a variety of Play to Earn/Trade to Earn/Stake to Earn methods, but Trade to Earn of USDT, the world's largest encrypted stable asset, should still be unheard of.
In addition to the highest exchange price on the entire network, ULinx also provides users with a 1% exchange reward, allowing users to realize USDT's Trade to Earn. As long as the user successfully converts a USDT in ULinx, he can enjoy a transaction reward of 1% corresponding to the conversion amount.
The partner mechanism embraces the Web3 ecology
DAO is the ultimate development goal of ULinx, and partners are the core elements of ULinx DAO.
ULinx wants to provide resource monetization channels for bigwigs with industry resources through the partnership mechanism, quickly build a decentralized community around the world, and promote the platform to embrace the Web3 ecology in the form of DAO.
To become a partner of ULinx is to become a member of ULinx DAO. According to different levels, you can enjoy different proportions of platform dividends and governance rewards to maximize value.
epilogue
ULinx is a ray of sunshine in the cold winter of the crypto bear market, and it is also the "Garden of Eden" for all investors.
The author hopes that all investors will be lucky enough to find a way to survive the "severe cold" and achieve long-term and stable value growth, accumulate energy, and release it when the next bull market comes, so as to breed fertile and fertile soil for themselves and the entire Web3 ecology .