Blockchain
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 ($ETFS), ETFs across various industries, like BlackRock’s IBIT for Bitcoin, to gold, silver, oil, and fixed-income ETFs are tokenized on the Ethereum blockchain.
These tokenized ETFs can then be bought and sold on the platform either in their entirety or in fractional ownership, and they can be readily converted into and out of cryptocurrencies.
In its capacity as a DeFi platform, ETFSwap ($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.
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.
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.
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 $ETFS tokens.
Source: bsc.news
The post ETFSwap ($ETF) Raises $750,000: Here’s Everything You Should Know About Crypto’s Biggest Presale appeared first on HIPTHER Alerts.
Blockchain
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution
Blockchain
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.
Understanding Ethereum and ETFs
Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.
ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.
Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency
An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.
Key Features of Ethereum ETFs:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.
Key Differences Between Ethereum and Ethereum ETFs
While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:
- Ethereum (ETH):
- Direct ownership of the cryptocurrency.
- Full exposure to Ethereum’s features, including staking and network participation.
- Traded on cryptocurrency exchanges.
- Highly volatile and largely unregulated.
- Ethereum ETF:
- Indirect exposure through shares representing Ether’s value.
- Traded on traditional stock exchanges under regulatory oversight.
- Offers a more stable and familiar investment structure.
- Typically lower volatility compared to direct cryptocurrency ownership.
Future Considerations for Ethereum ETFs
The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.
As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.
In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.
Source: blockchainmagazine.net
The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.
Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.
Key Achievements and Certifications
- SOC 2 and SOC 3 Compliance:
- SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
- SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- Security Certifications:
- The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
- CSA STAR Level 1 Certification:
- This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.
Impact on Customers and Industry Standards
Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.
Nexo’s Broader Mission
As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.
In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.
Source: blockchainreporter.net
The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.
-
Blockchain4 days agoBinance Cleared to Invest Customer Assets in US Treasury Bills: What It Means for Crypto and Dollar Dominance
-
Blockchain4 days ago
Deep Custodian Limited Obtains Hong Kong TCSP License, Authorized to Provide Compliant Crypto Asset Custody Services
-
Blockchain Press Releases2 days agoBybit Web3 Livestream Explores Cultural Meme Coins and Other Trends
-
Blockchain2 days ago
Blockchain Intelligence Group adds additional modules and launches its Certified Cryptocurrency Investigator – Advanced Series
-
Blockchain3 days agoBitAngels Network Hosts Blockchain Pitch Competition in Nashville
-
Blockchain Press Releases2 days agoBybit Surges to Second Place in Derivatives Market, Solidifying Position as Global Crypto Trading Leader
-
Blockchain4 days agoCoinW Continues Expedition Trek And Double Down On Presence At ETH-Native Events
-
Blockchain5 days agoWOO X and OpenTrade Enhance RWA Earn Vaults with Flexible Withdrawals
