● FF launched the first basket index of the top ten crypto assets on the U.S. stock market, the C10 Treasury plan, and released the 'C10 Index'; C10 Treasury accumulates and compounds the top ten global crypto asset portfolios (excluding stablecoins), aiming to become the first treasury of the C10 asset portfolio.
● C10 Treasury will adopt an '80% passive + 20% active' combination configuration to provide potential sustainable returns, funding product innovation, potential stock buybacks, and further asset growth.
● Purchase crypto assets through designated financing for specific purposes. The first phase of the strategy includes a maximum asset procurement plan of 500 million to 1 billion USD, with the initial 30 million USD asset allocation expected to enter the implementation phase as early as next week; in subsequent phases, the goal is to accelerate the asset scale and reach hundreds of billions of USD as soon as possible.
● FF today announced the first four products of the Crypto flywheel: C10 Index (www.c10index.com), C10 Treasury, Crypto+EAI ecological applications, and the future C10 ETF.
● California State Treasurer Fiona Ma expressed her support and endorsement of FF's new strategy through a video speech.
● The company is applying for registration of its wholly-owned subsidiary FFAI Crypto Treasury and Bridging Holdings Inc., and its subordinate companies, specializing in crypto business; it is also exploring the possibility of launching ETF products in the future.
● The Crypto strategy will boost FF's leapfrog growth, aiming to become a pioneer in the era of crypto assets, being the first U.S. publicly listed company to link on-chain and off-chain assets, as well as stockholders and chain holders.
● The 'dual flywheel & dual bridge' strategy is a profound implementation of the 'shareholder-first' concept, aiming to accelerate the maximization of shareholder interests.
Beijing time, August 17 — Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI), a global shared intelligent electric mobility ecosystem company headquartered in California, USA, officially released and launched its pioneering 'EAI+Crypto' dual flywheel & dual bridge ecological strategy today, marking the beginning of a new chapter in the integration of intelligent mobility and Web3.
FF released a major strategy at Pebble Beach, using EAI and Crypto as core driving forces to create a dual flywheel, constructing an independently operated, mutually empowering dual-engine circular growth system of Web2+Web3, effectively combining the robustly operating, gradually accumulating EAI EV ecosystem with the rapidly operating, immediate-effect Crypto ecosystem, demonstrating FF's strategic foresight in the new era of global industry and finance.
EAI + Crypto dual flywheel, creating a new growth paradigm
FF believes that AI represents a new productivity transformation, while Crypto and Web3 represent changes in production relations. The combination of the two will be a once-in-a-generation transformational opportunity. FF hopes to be a driving force in this AI and Crypto transcendental reaction.
“The next ten years will be a super bull market for the Crypto market,” said Ian Calderon, co-creating officer of FF and one of the founders of the California Blockchain Working Group. “FF is building a dual-flywheel growth system that effectively combines a robust EAI EV ecosystem with a rapidly operating Crypto ecosystem. The dual flywheels will empower each other to redefine the market for intelligent mobility and crypto assets.”
“FF's press conference today is a vivid embodiment of California's pioneering spirit. It closely integrates intelligent electric vehicles, blockchain, Web2 and Web3, as well as industry, capital, and technology.” California State Treasurer Fiona Ma stated, “This model has the potential to drive our economic development, create high-quality job opportunities, attract top investments, and promote sustainable development globally.”
Creating a bridge linking Web2 and Web3
FF has become one of the first publicly listed companies in the world to directly link physical business with on-chain assets through the release of its dual-flywheel strategy, breaking the boundaries between Web2 and Web3. The company plans to launch EAI EV assets on-chain, creating an ecosystem of EAI mobility + Web3 + blockchain technology + crypto asset applications.
“The dual flywheel & dual bridge strategy reflects our deep insight into the future trends of the global economy,” said FF founder and Co-CEO Jia Yueting. “FF is not just transitioning to the Web3 era; we are building this era. This is exactly how we create new value for our shareholders.”
The world's first C10 Index and C10 Treasury plan
FF officially released the C10 Index, which is the first market crypto asset basket index initiated by a U.S. publicly listed company (excluding stablecoins). The benchmark number for this index is 1000, with the benchmark point taken from the data at midnight UTC on August 16. The dynamic changes of C10 can be viewed in real-time on FF.com or by downloading the FF App.
FF also released the C10 Treasury product based on the configuration of the 'C10 Index'. The first phase goal is to procure a total of 500 million to 1 billion USD in crypto assets after obtaining necessary funding. The initial allocation amount is 30 million USD. C10 Treasury will adopt an '80% passive + 20% active' combination configuration, aiming to provide sustainable returns, and is expected to provide stable interest returns at an average annual interest rate of 3%-5% through custodial lock-up, funding product innovation, potential stock buybacks, and further asset growth. FF plans to build C10 Treasury and FFAI ballast together with its fixed income and reserve crypto assets. FF will also explore ETF products based on the C10 Index and apply for licenses as soon as possible.
The Crypto flywheel will reshape FF's asset structure
The Crypto flywheel business is independently operated by FFAI Crypto Treasury and Bridging Holdings Inc., a wholly-owned subsidiary of the publicly listed company FFAI. Its goal is to enhance stable cash flow, increase beneficial net assets, achieve continuous leaps in company value, and obtain stable interest income from on-chain asset reserves and compound interest, reducing reliance on high-cost financing and reshaping the company's asset structure.
Dual flywheel isolation mechanism: mutually independent, asset transparency
EAI EV business and Crypto business are two independent entities under the publicly listed company FFAI, with core principles: legal independence, operational independence, independent accounts, asset transparency, and future governance independence. Crypto assets are managed by a third party, completely isolated from the automotive business in legal and capital terms; the holding situation is public and transparent, verifiable on-chain. This isolation mechanism ensures that funds and risks are independently controllable while allowing industry and capital to form a synergy, ensuring safety, transparency, efficiency, and sustainability.
FF provides investors the opportunity to enjoy dual returns through stock-coin linkage, which is a deep implementation of the ‘shareholder-first’ core commitment, aiming to greatly accelerate the maximization of shareholder interests.
