Dogecoin whales are once again capturing the attention of the crypto market with their latest investment strategy. Millions of dollars have been invested by the Dogecoin whales to the Ethereum-based ETFSwap’s (ETFS) initial coin offering (ICO). This is because the platform offers significant rewards and uses cutting-edge technology.
The Allure Of ETFSwap (ETFS) Among Dogecoin Whales
ETFSwap (ETFS) is an investing platform supported by blockchain technology that enables trading of Exchange-Traded Funds (ETFs) on the blockchain network. The foundation of the ecosystem is the ETFS token, which powers the platform in order to combine the cutting-edge innovations of blockchain technology with the stability of conventional assets like exchange-traded funds (ETFs).
ETFSwap (ETFS) functions as a link between traditional finance (TradFi) and decentralized finance (DeFi), enabling users to easily transfer their tokenized ETF holdings into cryptocurrency and vice versa using its ETFS token.
In contrast to traditional ETF trading platforms, ETFSwap (ETFS) allows trading around-the-clock, so there’s no need to wait for market trading hours. Users of this platform can trade tokenized versions of ETFs covering different industries, including bonds, commodities, fixed income among others.
The ETFS token is essential as it provides access to the ETFSwap (ETFS) platform. Investing in well-known ETFs within the platform is very affordable since token holders receive lower trading fees. Possessing ETFS tokens also makes it possible to engage in staking, which produces passive revenue. In addition to earning an alluring annual percentage yield (APY) of up to 87%, holders can receive a share of transaction fees through a revenue-sharing mechanism.
Notably, investors can stake various cryptocurrencies like Bitcoin, Ethereum, and more in addition to ETFS tokens.
Tokenized assets are guaranteed to be backed by actual securities purchased from established financial markets thanks to the partnership between the ETFSwap (ETFS) platform and MiCa-compliant authorized investment institutions. Dogecoin whales anticipate that the ETFS token value will rise significantly after ETFSwap’s (ETFS) own ETF launches in 2025.
Accessibility is given priority by ETFSwap (ETFS), which does not require Know Your Customer (KYC) authentication. Dogecoin whales are impressed by how simple it is to trade and take advantage of the platform’s special features by only joining or creating a DeFi wallet.
Furthermore, the blockchain audit and security company CyberScope has thoroughly examined ETFSwap (ETFS) smart contracts, ensuring a safe user experience.
Dogecoin Whales Swim Away
A recent investigation found that Dogecoin whales hold fewer coins. Investors with 1,000,000,000 Dogecoin (DOGE) holdings declined from 48.72% to 47.54% on June 15th and 16th, according to Santiment on-chain analytics. Interestingly, mid-sized whales with balances of 100 million to 1 billion Dogecoin increased their share of Dogecoin supply throughout this period.
Since meme-coins like Dogecoin have underperformed recently, whales are diversifying into utility-focused projects like ETFSwap (ETFS). The utilities of the DeFi platform have made it a hot topic among crypto enthusiasts, who have come out in droves to buy the presale. So far, over 250 million tokens have been sold and the coins are selling out fast.
Dogecoin Whales Eye Ethereum ICO
Over 28 million ETFSwap (ETFS) tokens have already been purchased in a few days, as Dogecoin whales are grabbing up ETFS tokens during the ongoing ICO. These drawn to invest in the ETFS token because it has stronger positive momentum than DOGE.
Furthermore, at $0.01831, ETFS tokens seem more reasonable in comparison to other cryptocurrencies and might generate significant returns for investors.
The platform’s initial coin offering (ICO) is still open, giving cryptocurrency enthusiasts a chance to profit from this unique opportunity. Upon making a purchase, investors can receive a 40% bonus by using the code ETFS40.
It is projected that in the upcoming phase, ETFSwap (ETFS) will reach a price of $0.03846, indicating that current investors will benefit the most.
For more information about the ETFS Presale:
Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCodex. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.
