Toncoin (TON) Surges Amid Telegram IPO Rumors, ETFSwap (ETFS) Set To Follow?

Social media messaging app, Telegram, has recently sent the crypto industry buzzing amidst discussions regarding a potential initial public offering (IPO). Rumors of this potential IPO have sent the price of Toncoin (TON) surging to new highs quickly. 

The crypto, which has already been on a moderate price increase since the beginning of March, saw its value spike from $4.8541 to a new all-time high of $7.65 in a few days, representing a 39.29% surge.

This unexpected price surge for Toncoin (TON) has seen investors looking into ETFSwap (ETFS), with many expecting the project to follow a similar path.

Toncoin (TON) Investors Setting The Stage For ETFSwap (ETFS) Amid Telegram IPO Rumors

The excitement around Toncoin (TON) gives way to a new interest in ETFSwap (ETFS). This up-and-coming platform is making waves with its presale and is attracting attention for its potential in the ongoing bull market. 

Toncoin (TON) has largely been associated with Telegram since its creation. The blockchain was launched in 2018 as “Telegram Open Network.” However, increased regulatory pressure from the SEC prompted Telegram to abandon the network. It was then taken over by the TON Foundation, which renamed it “The Open Network.”

Despite this, the messaging app has remained in close ties with the network. For example, Telegram recently announced it is now allowing users to buy advertisements with Toncoin (TON). This close relationship prompted Toncoin (TON) to surge by over 60% in just two weeks amidst claims that Telegram might be going public. At the time of writing, Toncoin (TON) has displaced Cardano (ADA) in ranking and is now the 9th-largest crypto by market cap.  

On the other hand, ETFSwap (ETFS) is an emerging decentralized finance (DeFi) platform that allows investors to trade tokenized exchange-traded funds (ETFs). Much like traditional ETFs, these tokenized versions give investors exposure to a basket of assets ranging from cryptocurrencies to stocks, bonds, and commodities. However, this platform has the added benefits of blockchain technology, such as liquidity and flexibility for traders, 24/7 trading, lower fees, and fractional trading of ETF shares with up to 10X leverage.

As a DeFi platform, ETFSwap (ETFS) eliminates the need to complete KYC requirements. To get started with ETFSwap (ETFS), investors simply need to connect a crypto wallet to the platform. Once the wallet is connected, investors can then easily swap between their crypto assets to trade for tokenized ETFs like Grayscale’s GBTC, futures ETH ETFs, precious metal ETFs, and many others.

The value of these ETFs is pegged to the underlying assets, and the platform ensures that tokenized assets are backed by real-world securities purchased from traditional financial markets.

ETFSwap (ETFS) is powered by a trade-to-earn utility token called ETFS, which is ready to ride the recent surge in Toincoin’s price. Its novel approach to the ETF investment model offers a creative twist on crypto investing, making ETFS ready to surge in tandem with the growing popularity of ETFs in the crypto market.

ETFS is also a utility token that unlocks a wide variety of benefits within the ETFSwap (ETFS) ecosystem. Holders of ETFS can stake their tokens and earn up to 87% APR yield. 

It would seem as if the hype around Toncoin (TON) is now subsiding, with the crypto now on a 9.5% correction in the past 24 hours. However, current data shows that investors are rushing to get their hands on ETFS. The ongoing presale numbers show that 17.5 million ETFS tokens have been sold in the current stage, an increase of over 1 million tokens in the past 24 hours. 

As early participants, investors are already gaining early access to a platform poised to rewrite the world of ETF investments. Interestingly, this is similar to investors who were fortunate to get in on Bitcoin (BTC) in its early days. 

The first round of presale is ongoing at $0.00854 per token. Investors are eligible for an 18% bonus by using the promo code “ETFS18.” The second presale price will be set at $0.01831 per token.

For more information about the ETFS Presale:

Visit ETFSwap Presale
Join The ETFSwap Community