Over the past few days, Dogecoin (DOGE) and Shiba Inu (SHIB) whales have been offloading their holdings. They are moving their funds to the ETFSwap (ETFS) ecosystem. These investors might be heavily investing in the ETFSwap (ETFS) token because of its utilities. That activity puts it above DOGE and SHIB cryptos.
ETFSwap’s (ETFS) Utility Makes It Stand Out
ETFS is the native token of ETFSwap. It is a blockchain-based investment platform tokenizing exchange-traded funds (ETFs), enabling their on-chain trading. This innovative platform combines the best of both worlds by integrating stable traditional assets like ETFs with blockchain technology.
The ETFS token will act as the bridge between traditional finance (TradFi) and decentralized finance (DeFi). Thus, it will play a significant role in achieving ETFSwap’s primary objective. Using the ETFS token, users can easily convert their ETF holdings to cryptocurrencies and vice versa.
ETFSwap (ETFS) will help investors diversify their portfolios between traditional and crypto assets in one place. ETFSwap (ETFS) is the only platform that provides such an offering. Therefore, its native token can also play a major role in the future of investments,
Other Notable Benefits of ETHSwap
The DeFi platform is integral to unlocking other benefits on the investment platform. For one, holders will enjoy discounted trading fees on all their trades. It means investors will get to invest in popular ETFs for little to nothing since trading on-chain is more cost-efficient than using centralized trading platforms. Moreover, unlike centralized entities and intermediaries like brokers, there are no hidden charges on the blockchain.
ETFSwap also allows investors to make passive income by holding or staking their tokens. Holders will be eligible for some of the transaction fees earned on the platform. The platform plans to distribute that fee as part of its revenue-sharing program.
Meanwhile, stakers will enjoy attractive Annual Percentage Yields (APYs) by staking their ETFS tokens. Investors can also stake other cryptocurrencies on the ETFSwap platform and earn juicy staking rewards.
ETFS Token Holders Will Have Governance Rights!
Additionally, ETFSwap (ETFS) token holders will have governance rights. They can participate in decision-making and vote on platform updates. These holders will also have exclusive access to features, events, and promotions.
Besides its utilities, it is worth mentioning that ETFS is a deflationary ERC-20 token. That further sets the crypto token up for immense growth in the crypto market with impressive tokenomics.
The crypto token has a total supply of 1 billion, evenly distributed among different users. It ensures that no one (not even the team) can nuke the crypto token’s price. The 60 million ETFS tokens allocated to the team will be vested for five years. It highlights their long-term commitment to the project.
Dogecoin and Shiba Inu Rally Might Be Over
Understandably, Dogecoin and Shiba Inu whales are rotating their capital to a utility play like ETFSwap, seeing how the foremost meme coins have underperformed recently. Data from CoinMarketCap shows that Dogecoin and Shiba Inu have been down for the last seven days.
The underperformance of DOGE and SHIB suggests that the meme coin season might be ending. The attention might shift to utility coins. Moreover, crypto analyst Ali Martinez recently revealed that the market sentiment towards Dogecoin is currently very bearish. Shiba Inu also has a bearish outlook, especially with the significant decline in its burn rate.
Conclusion on Why It is Time to Start Accumulating ETFSwap (ETFS)
Attention is expected to keep shifting to utility coins, especially with Ethereum (ETH) set to rally once the Spot Ethereum ETFs begin trading. Ethereum’s (ETH) run will likely trigger a significant price surge for other coins like ETFSwap (ETFS). Interestingly, the beta platform could launch around when the Spot Ethereum ETFs begin trading, further providing bullish momentum to the ETSwap (ETFS) token.
For more information about the ETFS Crypto Presale:
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