Current location - Trademark Inquiry Complete Network - Tian Tian Fund - FTX will give away millions of dollars in BTC prizes at the Super Bowl this weekend.
FTX will give away millions of dollars in BTC prizes at the Super Bowl this weekend.

FTX's advertisement in the Super Bowl promised that four winners would be given bitcoin, which was related to the time when the advertisement appeared in the second half of the game. For example, if the advertisement appears at 9: 45 pm, each winner will get 9.45 bitcoins! Parentheses ~ wealth password cxgf1899

Americans watching the Super Bowl on Sunday will be surrounded by advertisements of cryptocurrency industry, including FTX, a trading platform that plans to send out millions of dollars of bitcoin.

FTX has invested heavily in sports cooperation, trying to make itself a leading brand in the field of encryption, including advertising cooperation with NFL star Tom Brady, sponsorship of MLB, and a $135 million transaction to rename Miami Heat's arena FTX arena.

Sam Bankman-Fried, co-founder and CEO who recently moved FTX's headquarters from Hong Kong to the Bahamas, said that these advertisements were designed to gain the approval of American regulators as well as allow customers to download FTX Pro App.

According to Forbes, the 29-year-old SBF said, "We want to make sure that we are portraying a healthy image of ourselves and the industry." His net worth exceeds $24 billion. "We are optimistic that we can develop business in the United States-this is inseparable from cooperation with American regulators to bring new products to market."

The encryption industry includes virtual currencies such as Bitcoin and Ethereum, as well as non-homogeneous NFT, which can provide proof of ownership for assets such as digital images or equipment in video games. Both cryptocurrency and NFT are built using blockchain as information storage technology.

at the same time, cryptocurrency fluctuates greatly. At the end of 221, NFT, which can be used as a personal portrait or a collection of art, set off a wave of enthusiasm, which made the global cryptocurrency market value soar to $3 trillion. According to CoinMarketCap's data, the market value of cryptocurrency dropped rapidly in January this year, but it has since rebounded to $2 trillion.

FTX competes with well-known trading platforms such as Coinbase, which allows users to buy and trade cryptocurrencies. However, most of FTX's revenue comes from crypto-derivatives trading outside the US market, and crypto-derivatives is a riskier field of cryptocurrency. Because the United States currently does not issue licenses for trading platforms that provide encrypted derivatives trading, some American traders can only circumvent the ban on offshore trading platforms such as FTX. FTX US, an American subsidiary of FTX, has obtained the license of cryptocurrency trading platform.

"America is an important global hub. What happens in the United States often causes considerable repercussions around the world. " SBF, who testified in Congress on February 9th about the risks and regulations of digital assets, said. In December 221, he participated in a hearing on financial innovation for the first time in Congress. At the meeting, the executives of encryption companies advocated light supervision.

SBF said that legislators showed "great interest" in formulating the US cryptocurrency policy. At the hearing of the House Financial Services Committee in December 221, SBF expressed its strong interest in "ensuring that we have sufficient consumer protection mechanisms to resist systemic risks and keep the United States competitive in this industry".

SBF attended a meeting in Washington last week. He said that he "tried his best to provide information and resources to people" at that meeting.

since the failure to remove the new industry reporting requirements in the Senate infrastructure plan in the summer of 221, the encryption industry has been greatly increasing its spending on political activities. One of the latest initiatives is that a group of senior executives, including Ryan Salame, CEO of FTX Digital Markets, formed a PAC (Political Action Committee) to spend $2 million in the mid-term elections of the US Congress to make cryptocurrency-friendly candidates elected.

According to a survey conducted by Pew Research Center in September, 16% of Americans said that they had invested, traded or used cryptocurrency themselves.

FTX raised $4 million with a valuation of $32 billion in January this year, and its valuation doubled in six months. The latest round of investors include venture capital firms such as Softbank and Tiger Global Management Fund, crypto venture capital firm Paradigm, and Ontario Teachers' Pension Plan Committee.

SBF, who was interviewed in the Bahamas office, said that the goal of FTX's cooperation with the sports industry is not so much to persuade consumers to open accounts in FTX as to promote brands.

"This will affect our long-term thinking and framework," he said.

FTX research shows that these advertisements have had a certain impact. The company gained higher brand awareness in Houston and Atlanta, the home of the two teams in the 221 Baseball World Series, and Miami, where FTX Arena is located. FTX said that in the last quarter of 221, its number of American users doubled.

FTX's Super Bowl advertisement uses people's psychology of creating wealth in FOMO encryption industry.

"For the digital asset industry, the past two months are definitely not the best, but on the whole, the digital asset industry is almost the best industry last year." SBF said.