FFAI officially launched the “EAI + Crypto” Dual Flywheel & Dual Bridge Eco Strategy, creating an independently operating, mutually empowering Web2 + Web3 dual-engine circular growth system. 

As part of this strategy, the company initiated the first-ever basket index plan for the top 10 crypto coins by a U.S. listed company— the C10 Treasury Program — and released the “C10 Index,” designed to accumulate and compound the top 10 global crypto coins with the goal of becoming the primary treasury of the C10 portfolio and delivering maximum value for stockholders and investors. 

To drive this initiative, Faraday Future will carry out dedicated fundraising for the Crypto Flywheel, with funds earmarked for specific uses; the first-stage purchase plan targets up to USD 500 million to 1 billion. From the mid- to long-term view, we hope that it could reach tens of billions in size.  The Crypto Flywheel’s initial product roadmap includes the C10 Index, the C10 Treasury, Crypto + EAI ecosystem applications. We are also exploring the opportunity of obtaining an ETF license.