ETFswap (ETFS) raised $750,000 from its private sale event, where it introduced its platform and native token to large investors. Following the success of the private sale, ETFswap (ETFS) launched its public sale and announced how it would allocate the funds raised during the event. This article focuses on the allocation and the progress of its ongoing stage 1 presale. But first, let’s talk briefly about the ETFswap (ETFS) ecosystem.
ETFSwap Reshaping DeFi With Tokenization Of Assets
ETFswap (ETFS) is a decentralized platform that aims to merge DeFi with Trad-fi by bringing exchange-traded funds (ETFs) on-chain through tokenization. ETFs are a broad range of assets in various industries, and with the introduction of spot Bitcoin ETFs, they became more common in the blockchain industry. However, since they are a relatively new phenomenon, ETFswap (ETFS) is simplifying investing in ETFs by making it possible to invest in this vast array of assets through a single interface.
The tokenized ETFs will also make it possible to easily track the progress of the traditional ETFs before making any investment decision, thereby keeping risk to a bare minimum. The platform also offers up to 10x leverage on trading for experts interested in maximizing their earnings.
Further, there is a provision for fractional ownership, enabling investors to amplify their portfolios. As DeFi platform users can easily access ETFswap (ETFS) without the need to divulge personal information through the stringent Know Your Customer (KYC) protocol common on centralized platforms.
To ensure security, ETFswap has also been certified as safe by leading blockchain security firm Cyberscope, who, after a thorough audit of its smart contract, found it clean from underlying conditions that can make it vulnerable. At the core of ETFswap is its native token, ETFS, a standard ERC-20 token that serves the purpose of utility and governance, enabling holders to participate in decision-making on the network through voting.
Further, only users who hold this token will gain access to the features of the ETFswap (ETFS) ecosystem, which includes trading tokenized ETFs. In addition, token holders can make passive income from the staking feature on the platform. Another way users will make passive income is through the revenue share feature to keep the community incentivized.
As a core part of the ETFswap (ETFS) ecosystem, the ETFS token was offered to institutional and angel investors in a private sale event. After the sale, two institutional and three angel investors, impressed with its ecosystem, invested $750,000. The DeFi platform has decided to direct the funds toward accelerating the platform launch. This will benefit the entire ETFswap ecosystem.
The platform has also decided not to seek investment from venture capitalists (VCs), and this is because it will be mandated to follow through with the strategy of these investors even if it does not benefit the members of the ETFswap (ETFS) ecosystem.
Therefore, by not involving VCs, it has opened up the opportunity for investors of all portfolio sizes to pitch in. Moreover, it will be able to work according to its goals of developing functionalities that will benefit all users and enhance the platform’s utility. The end of the private sale was followed by stage 1 of the platform public sale of ETFS, offering it at $0.00854 per coin.
When stage 2 starts at a higher price of $0.01831, all stage 1 participants will have made a profit on their investments. The thought of automatic profit has made the ETFswap (ETFS) presale gain more traction among savvy investors, leading to a sale of over 25 million tokens. In addition, ETFswap (ETFS) intends to partner with titans in the DeFi sector in the future to work towards the growth of the decentralized finance sector.
This alliance will undoubtedly lead to increased platform adoption and enhance its growth. With this, experts are optimistic that the ETFS will soon surge by 10,000% to the $1 mark, creating a 100x yield for all early investors. To be among the early investors, buy ETFS today at stage 1 to increase your chances of making a 100x yield on investment and tremendously increase your portfolio.
For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community
