Faraday Future launches its first C10 Treasury program and releases the C10 Index

ChainCatcher news, according to Jinshi reports, Faraday Future officially launched the "EAI+Crypto" dual flywheel & dual bridge ecological strategy on August 17, planning to introduce EAI EV asset on-chain, creating an ecosystem of EAI mobility + Web3 + blockchain technology + crypto asset applications. At the same time, Faraday Future released the C10 Index, which is the first market crypto asset basket index initiated by a U.S. listed company (excluding stablecoins). The company also launched the C10 Treasury, a treasury product based on the C10 Index, with the first phase goal of procuring a total of $500 million to $1 billion in crypto assets after obtaining the necessary funding, with an initial allocation amount of $30 million.