Connect with us
European Gaming Congress 2024

Blockchain

ETFSwap ($ETF) Raises $750,000: Here’s Everything You Should Know About Crypto’s Biggest Presale

Published

on

etfswap-($etf)-raises-$750,000:-here’s-everything-you-should-know-about-crypto’s-biggest-presale

Unlock the potential of ETFSwap ($ETF) as it pioneers the fusion of traditional finance with DeFi.

The ETFSwap ($ETFS) presale has seen notable adoption from crypto investors as they flock to take advantage of this first-mover decentralized finance (DeFi) platform. The upside for this Ethereum-based coin is limitless, with analysts predicting its price will reach $1, which is a 100X increase from its current presale price.

Everything You Should Know
ETFSwap ($ETFS) is a decentralized marketplace that allows investors to trade a wide array of exchange-traded funds (ETFs). It connects traditional finance (TradFi) and decentralized finance (DeFi) by bringing the booming ETF investment niche into the realm of DeFi and blockchain technology.

With ETFSwap ($ETFS), ETFs across various industries, like BlackRock’s IBIT for Bitcoin, to gold, silver, oil, and fixed-income ETFs are tokenized on the Ethereum blockchain.

Advertisement
Stake.com

These tokenized ETFs can then be bought and sold on the platform either in their entirety or in fractional ownership, and they can be readily converted into and out of cryptocurrencies.

In its capacity as a DeFi platform, ETFSwap ($ETFS) takes great satisfaction in offering its users the highest possible level of protection. The platform has been subjected to a thorough audit by CyberScope, and the results of the assessment revealed no security flaws in ETFSwap’s ($ETFS) smart contracts and underlying infrastructure.

What Is The Role Of $ETFS In The Ecosystem?
As a Web3 platform, ETFSwap ($ETFS) comes with its own native utility token, $ETFS, which opens access to many features in the ecosystem. Interestingly, $ETFS is the first prospectus-based ERC-20 token offering an entry to a marketplace of institutionally listed ETFs.

Unlike your average ERC-20 crypto, $ETFS was created as a Trade-to-Earn incentive token specifically for the ETFSwap ($ETFS) ecosystem, allowing users to seamlessly trade on its comprehensive ETF marketplace.

As mentioned earlier, $ETFS unlocks a lot of benefits for its holders in the ETFSwap ($ETFS) platform. However, the token was created not just to fuel the ecosystem, but careful consideration was placed in its tokenomics in order to incentivize and provide returns for an active group of stakeholders invested in the platform’s success.

Advertisement
Stake.com

Here are some of the considerations for the utility of $ETFS:
Lower Fees and Trading Discounts: $ETFS will be used to pay transaction and trading fees on the $ETFS. Holders of $ETFS are eligible for lower fees in the platform’s unique discount system.

Voting Rights: $ETFS serves as the governance token for ETFSwap ($ETFS). $ETFS holders will have voting rights within the platform governance system, allowing them to have a say in the decision-making process of how the platform moves forward.

Staking Rewards: $ETFS holders have the ability to lock in some of their holdings for a set amount of time, and in exchange, they are eligible to receive rewards of up to 36% from ETFSwap’s ($ETFS) staking pool.

By doing this, holders are able to generate passive income from their holdings while simultaneously contributing to the maintenance of the ecosystem as a whole.

Interestingly, ETFSwap ($ETFS) has a liquidity pool for its 5% sell tax, which is then airdropped back to token holders on a monthly basis.

Advertisement
Stake.com

ETFSwap Is The Biggest Presale In Crypto: A Look At Tokenomics
As a deflationary cryptocurrency, $ETFS was designed to maintain its price within the ETFSwap ($ETFS) ecosystem and provide better price returns than other tokens in the market. Consequently, its distribution strategy was meticulously crafted to ensure fairness, inclusivity, and alignment of incentives.

The initial total supply of 1,000,000,000 $ETFS tokens is to be allocated as follows:

Token presale: 40% (400,000,000) of the total supply is reserved for public sale, a large part of which is already being sold in the ongoing presale. The first round of presale is currently going on at $0.00854 per token, with over 10 million tokens sold already.

Tokens in the next presale stage will be sold at $0.01831 per token, which is a 114% increase from the first presale price. The funds raised during the presale will be used to expedite the launch and expansion of the ETFSwap ($ETFS) platform.

Exchange Listings And Liquidity: 120,000,000 tokens (12%) are to be used for liquidity and listing reserves, while 240,000,000 $ETFS tokens, representing 24% of the total supply, are reserved to ensure the smooth and seamless operations of the ecosystem.

Advertisement
Stake.com

Rewards and cashback: 4% (40,000,000) of the total supply is to be allocated for community rewards for holders and stakers of $ETFS, while 50,000,000 tokens (5%) have been allocated for cashback reserve.

Team and partnerships: 30 million $ETFS tokens (3%) have been allocated for partners and advisors, while 6% (60,000,000 tokens) are reserved for team members.

Although ETFSwap ($ETFS) is yet to be launched, the $ETFS presale has garnered quite a lot of attention from investors due to the innovative concept that the platform introduces.

Prices are set to explode in the coming weeks, especially after the launch of both the exchange and $ETFS tokens.

Source: bsc.news

Advertisement
Stake.com

The post ETFSwap ($ETF) Raises $750,000: Here’s Everything You Should Know About Crypto’s Biggest Presale appeared first on HIPTHER Alerts.

Continue Reading

Blockchain

Digital Currency Initiative Launches in Taiwan by Collaborating with Prestigious University

Published

on

digital-currency-initiative-launches-in-taiwan-by-collaborating-with-prestigious-university

In an innovative effort to revolutionize digital financial education, a prominent digital currency provider has teamed up with a renowned university in Taiwan. This strategic collaboration aims to equip students with advanced knowledge and practical experience, preparing them for the future of finance.

Empowering Future Financial Professional

The partnership focuses on immersing students in the complex world of digital assets, blockchain technology, and cutting-edge financial instruments. Industry experts will offer invaluable insights and mentorship, enhancing students’ understanding and skills in this rapidly evolving field.

Curriculum Highlights:

Advertisement
Stake.com
  • Blockchain Principles: Foundational knowledge of blockchain technology.
  • Critical Thinking: Developing analytical skills for problem-solving in digital finance.
  • Risk Assessment: Strategies for identifying and managing financial risks.
  • Legal Compliance: Understanding the regulatory landscape and compliance requirements.
  • Career Insights: Exploring potential career paths in the digital finance industry.

Commitment to Digital Economy Growth

This initiative underscores a commitment to fostering the digital economy’s growth by highlighting the stability of digital assets against traditional currencies. The newly introduced digital token combines traditional asset stability with blockchain security, offering a robust financial instrument for the future.

The digital currency provider has a long-standing history of promoting blockchain education and advocating for financial inclusivity. By facilitating cross-border transactions and investing in emerging markets, the organization continues to play a crucial role in shaping digital finance’s future.

Advancing Financial Literacy and Inclusivity

This collaborative effort represents a significant step towards democratizing financial literacy and empowering individuals worldwide to engage with the evolving digital currency landscape.

Additional Facts:

Advertisement
Stake.com
  • Taiwan’s Blockchain Hub: Taiwan actively promotes itself as a hub for blockchain and digital currency innovation through various initiatives.
  • Research and Development: The partnership is expected to spur increased R&D activities in digital assets, benefiting both academia and industry.
  • Regulatory Exploration: Taiwan’s government is interested in exploring regulatory frameworks for digital currencies and blockchain technology, creating a supportive environment for such collaborations.

Key Questions Addressed

  1. Impact on Adoption: How will the collaboration between the digital currency provider and the university impact the adoption of digital currencies in Taiwan?
  2. Skills and Knowledge: What specific skills and knowledge will students gain from the curriculum focusing on blockchain technology and digital assets?
  3. Regulatory Compliance: How does the initiative address potential regulatory challenges and compliance issues in the digital currency space?

Advantages and Disadvantages

Advantages:

  • Enhanced Education: Offering students unique educational opportunities in digital finance and blockchain technology.
  • Industry-Academia Bridge: Providing hands-on experience and mentorship to bridge the gap between academia and industry.
  • Economic Growth: Contributing to the growth and development of the digital economy in Taiwan and beyond.

Disadvantages:

  • Curriculum Updates: Potential challenges in keeping the curriculum up-to-date with the rapidly evolving digital currency landscape.
  • Practical Exposure: Ensuring students receive practical, real-world experience to complement theoretical knowledge.
  • Regulatory Balance: Balancing the promotion of digital currencies with the need for regulatory compliance and risk management.

The collaboration between the digital currency provider and the Taiwanese university marks a significant milestone in digital financial education. By integrating industry expertise with academic rigor, this partnership aims to nurture the next generation of financial professionals and foster the growth of the digital economy.

Source: smartphonemagazine.com

The post Digital Currency Initiative Launches in Taiwan by Collaborating with Prestigious University appeared first on HIPTHER Alerts.

Continue Reading

Blockchain

Binance Appeals Against $4.3M Penalty Imposed by Canada Regulator

Published

on

binance-appeals-against-$4.3m-penalty-imposed-by-canada-regulator

In a recent court appeal, Binance argued that it does not specifically target Canadian customers, claiming its activity in Canada is merely a byproduct of its international operations, according to a June 19 report by the Canadian Press. The exchange revealed that although it had previously attempted to establish a Canadian presence, these plans were abandoned. By May 2023, Binance had fully exited the Canadian market, citing new regulations on stablecoins and investor restrictions that made continued operations unfeasible. Despite its departure, Binance acknowledged the sentimental value of Canada, being the home country of its founder.

In May, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed a $4.3 million fine on Binance for non-compliance with anti-money laundering (AML) and terrorist financing rules. FINTRAC claimed that between June 2021 and July 2023, Binance failed to report over 5,000 transactions of $10,000 or more. Additionally, despite having multiple opportunities, Binance failed to register as a money services business within the deadlines set by the regulator.

Beyond its issues in Canada, Binance is facing a multitude of legal challenges globally. In April, a class-action lawsuit was filed against the exchange in Canada, accusing it of violating securities laws. The plaintiffs allege that Binance sold crypto derivative products to everyday investors without proper registration, breaching Ontario’s Securities Act and federal regulations. This lawsuit, representing tens of thousands of Canadian investors, seeks compensation and the reversal of unauthorized trades.

Globally, Binance has also faced significant financial penalties. In November, the exchange settled with US authorities, agreeing to a $4 billion fine for violations of anti-money laundering and sanctions laws. Similarly, the Indian Financial Intelligence Unit imposed a $2.24 million fine, the largest ever against a crypto entity in the country, for failing to comply with AML regulations.

Advertisement
Stake.com

Binance’s regulatory and legal troubles illustrate the significant challenges faced by cryptocurrency exchanges operating across multiple jurisdictions. While the exchange continues to navigate these complexities, its ability to comply with global regulatory standards and address legal disputes will be critical to its long-term viability and reputation in the market.

Source: cryptonews.com

The post Binance Appeals Against $4.3M Penalty Imposed by Canada Regulator appeared first on HIPTHER Alerts.

Continue Reading

Blockchain

Binance.US Dealt Another Blow: North Dakota Revokes License

Published

on

binance.us-dealt-another-blow:-north-dakota-revokes-license

Following the lead of states like Florida, Alaska, Oregon, Maine, and North Carolina, North Dakota has moved to block Binance.US from regaining its money transmitter license. This decision by the North Dakota Department of Financial Institutions (DFI) is grounded in a November 2023 guilty plea by Binance founder Changpeng Zhao on anti-money laundering charges, further questioning the exchange’s suitability for operation.

Protecting Public Interest

DFI Commissioner Lise Kruse emphasized the need to protect the public interest in her statement: “The Commissioner finds the Respondent does not continue to meet the qualifications or satisfy requirements that may apply to an applicant for a new money transmitter license.” This decision adds North Dakota to the growing list of states placing Binance.US in regulatory “penalty boxes.”

Global Troubles and US Regulatory Concerns

Advertisement
Stake.com

The regulatory issues faced by Binance.US in the United States reflect broader global challenges. For instance, a recent regulatory conflict in Nigeria, which resulted in the detention of a Binance executive, raises additional concerns for US regulators, complicating Binance.US’s situation further.

Impact and Outlook for Binance.US

Currently, Binance.US is unable to onboard new users in several regions and is entirely inaccessible in over 10 states. The exchange has until July 17, 2024, to challenge North Dakota’s decision. However, the outlook remains uncertain, given the mounting restrictions and regulatory pressures.

The relatively short prison sentence for Zhao might suggest a potential course correction within Binance. By prioritizing user safety and adhering strictly to US regulations, Binance.US could potentially regain some lost ground. The exchange’s future hinges on its ability to address regulatory compliance issues effectively.

The Broader Implications

Advertisement
Stake.com

This regulatory crackdown highlights the evolving landscape of cryptocurrency regulation. While the innovative potential of cryptocurrencies is significant, exchanges must operate within established regulatory frameworks to maintain trust and stability in the market. Binance.US’s struggle will be closely watched by the entire cryptocurrency industry, serving as a cautionary tale for exchanges that prioritize growth over compliance.

Source: bitcoinist.com

The post Binance.US Dealt Another Blow: North Dakota Revokes License appeared first on HIPTHER Alerts.

Continue Reading
Advertisement
Stake.com
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE