ETFSwap (ETFS) Raises $750,000 As Institutional Holders Look To The DeFi Platform For Tokenization
The DeFi sector in the blockchain industry is heating up with several narratives that have taken it by storm. Starting from artificial intelligence (AI) to web3 gaming, NFTs, and, more recently, real-world asset (RWA) platforms like ETFSwap (ETFS) spearheading the tokenization of assets.
Tokenization is the new kid on the block, attracting institutional confidence as the leading global management consulting firm Boston Consulting Group speculates that the value of the RWA market will surge to $16 trillion by 2030.
Currently, several platforms are making waves in the tokenizing of assets, but ETFswap (ETFS) stands out with its unique proposition and incredible private sale success. This article will briefly discuss ETFswap (ETFS) before moving on to its killer features and functionalities.
Why Are Institutional Holders Rooting For ETFSwap To Lead The Tokenization Market?
ETFswap (ETFS) is a unique platform leading asset tokenization by tokenizing exchange-traded funds (ETFs). It is the first choice for institutions looking to corner the tokenization market. The tokenized ETFs will provide access to traditional ETFs on-chain, allowing traders to easily track their progress before making decisions, thereby minimizing losses. ETFswap (ETFS) will feature unique functions like fractional ownership, seamless swapping, leverage trading, and staking.
As a safety precaution, Cyberscope, an expert in blockchain security, has audited its smart contract, certifying that it has no critical loopholes that can make it vulnerable to cyber-attacks. The certification by Cyberscope clearly shows that ETFswap (ETFS) is interested in the welfare of its holders and the ecosystem, protecting it from malicious actors. Also at the heart of the platform is ETFS, its native token, which functions as a standard ERC-20 token serving the purpose of utility and governance.
ETFswap (ETFS) has developed an ingenious sharing formula for its token total supply to ensure fairness and equality. It allocated 40% for presale events, which will help users join early on this project. Also, as a core believer in community, the platform has reserved 4% for the ETFswap (ETFS) community. ETFswap (ETFS) also intends to partner with other titans in the DeFi sector to accelerate the sector’s growth.
ETFS Attracts DeFi Holder Confidence With Private Sale Success
ETFSwap (ETFS) recently held a private sale event inviting large holders to join the project ecosystem. By the end of the sale, major institutions had infused a massive $750,000 in the project.
The platform aims to use this fund to accelerate platform launch, development, and expansion. Also, to work in agreement with their vision of expansion, ETFswap (ETFS) has chosen to reject acquisitions from venture capitalists (VC), allowing all equal opportunity to participate in its ecosystem. This is because accepting buys from VCs would mean working on the goals and interests of the VCs only as opposed to working towards developing functionalities that will benefit all users.
This decision not to take VC money increased faith in the project, and immediately after the end of the private sale, the platform started a public sale of the token. It is currently in its Stage 1 presale round, offering the tokens for $0.00854 apiece.
Riding on the success of the private sale, over 18.5 million tokens have been sold, as fear of missing out (FOMO) has made users rush in to get this token brimming with potential. Experts also speculate that the token will surge by 10,000%, taking its price to $1 once it lists on major exchanges. Additionally, joining the Presale Stage 1 will mean automatic profit when Stage 2 kicks off at a higher price of $0.01831.
As any crypto adherent knows, joining a project at the earliest onset is the best way to unlock its potential. This means that the presale Stage 1 is the appropriate time for anyone to get in on this project, which will help boost their portfolio as this is the lowest the token’s price will ever be.
For more information about the ETFS Presale:
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