BLAST, the native token of the layer-2 network, Blast, was recently launched, and community members received a significant amount of the token’s supply in airdrops. This development has turned investors’ attention to a crypto project like ETFSwap (ETFS), which has been praised for its ‘impressive’ tokenomics, given the supply allocated to the community.
ETFSwap’s (ETFS) Tokenomics Impresses Crypto Investors
Thanks to its tokenomics, crypto investors have been convinced to go all-in on ETFSwap’s ongoing presale. The token has a total supply of 1 billion tokens, with 44% allocated to the community. 40% of these tokens have been made available in its ongoing presale, allowing crypto community members to key into the ecosystem’s vision from the outset. Meanwhile, 4% have been allocated for community rewards to further incentivize community members.
ETFS is the native token of ETFSwap (ETFS), a decentralized investment platform that allows crypto community members to participate easily in the crypto ETF revolution. The decentralized finance (DeFi) platform tokenizes exchange-traded funds (ETFs) like the Spot Bitcoin and Ethereum ETFs and brings them on-chain, allowing crypto enthusiasts to invest in these traditional assets in a familiar territory.
The trading platform also meets the unmet demand of traditional investors who have been looking for an easier and safer way to perform ETF transactions. Thanks to ETFSwap’s permissionless and decentralized ETF trading model, these investors can now invest in ETFs in seconds.
ETFSwap (ETFS) has also made its Know-Your-Customer (KYC) requirements non-mandatory, meaning that users can trade these traditional assets far from the prying eyes of financial institutions and regulators. The DeFi platform also safeguards users’ privacy by integrating zero-knowledge (ZK) proof technology, allowing investors to trade anonymously without revealing sensitive information.
This forms only a fragment of the exciting and unique features that ETFSwap (ETFS) offers. The platform also offers leverage trading for ETF transactions, allowing investors to use up to 50x leverage on each ETF trade. Additionally, the platform’s perpetual trading services ensures users can keep their ETF trades open for as long as they like.
Investors on the DeFi platform can swap their ETFSwap (ETFS) holdings for other crypto tokens without needing a third party. This allows investors to invest in traditional and crypto assets in one place and promotes portfolio diversification. The DeFi platform also provides access to various commodities, including gold, silver, and crude oil, among others.
ETFSwap (ETFS) also plans to launch its own ETF in 2025, providing investors with more investment opportunities and the chance to make the most of this bull run before the market cycle ends. In anticipation of the launch of ETFSwap’s beta platform, which is expected to happen in 30 days, investors have been accumulating the ETFS token at its current price of $0.0183, so they can access the platform immediately after it launches.
Blast (BLAST) Finally Launches With Much-Anticipated Airdrop
Blast (BLAST) finally launched with its long-awaited airdrop. The layer-2 network launched its BLAST token by airdropping 17% of its total supply to the crypto community. 7% of BLAST’s supply went to users who had bridged their Ethereum (ETH) tokens to the Blast network between November 2023 and March this year.
Meanwhile, a further 7% of BLAST’s total supply went to users who “contributed to the success” of the layer-2 network’s ecosystem. The remaining 3% of BLAST’s total supply that was airdropped went to the Blur Foundation for future airdrops to its community.
BLAST’s launch can be considered a success, unlike other recent token launches, like zkSync (ZK) and LayerZero (ZRO), which experienced significant price declines following their launch. Data from CoinMarketCap showed that BLAST rallied by almost 40% following its launch and is still up over 11% in the last 24 hours.
Conclusion On Investors’ Growing Conviction In ETFSwap (ETFS)
Investors in ETFSwap’s (ETFS) ongoing presale have continued to see their conviction in the crypto token and its ecosystem grow. Besides the tokenomics, this has been partly thanks to the team’s actions. ETFSwap’s (ETFS) smart contract has already been audited by CyberScope and found flawless or lacking any vulnerability. Meanwhile, the team has committed to locking its tokens for five years, which underlines its commitment to ETFSwap’s (ETFS) long-term growth.
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