DeFi Platform ETFSwap (ETFS) Raises $750,000 To Usher In A New Era Of ETF Investing
ETFSwap (ETFS), a decentralized platform (DeFi) for trading tokenized ETFS, has raised $750,000 in seed funding.
Demand for Spot ETFs of different cryptocurrencies has been sprouting across the globe, with regulators eventually giving the green light. For example, regulators in Hong Kong recently approved the launch of Spot Bitcoin (BTC) and Ethereum (ETH) ETFs, extending the reach to Asian investors.
One DeFi platform that’s reshaping both the ETF and crypto industries is ETFSwap (ETFS), and early investors are already heavily invested in the platform’s development.
Ushering A New Era Of ETF Investing Into DeFi
Crypto exchange-traded funds (ETFs) are now providing traditional investors with ways of gaining exposure to digital assets. These ETFs are becoming increasingly popular in the global financial industry as recent global effects have seen the crypto industry increasing in mainstream popularity among traditional investors.
Given this high demand, ETFSwap (ETFS) is leveraging the power of blockchain technology to create a decentralized finance (DeFi) platform that will make crypto ETFs available for institutional and retail investors amidst the surge in popularity. ETFSwap’s (ETFS) approach to doing this is by bridging the gap and tokenizing ETFs on the blockchain, allowing investors to capitalize on transparent, secure, and efficient trading services.
Aside from popular crypto ETFs like BlackRock’s IBIT, Fidelity’s FBTC, and Grayscale’s GBTC which tracks the performance of Bitcoin (BTC), ETFSwap (ETFS) is also home to a variety of tokenized ETFs across various industries. These include precious metals like gold and silver ETFs. According to Statista, the total assets under management of precious metals ETFs in the US alone is over $109 billion.
The ETFSwap (ETFS) market also has a lot more than just crypto and precious metal ETFs. Its comprehensive market is home to ETFs that track the price movement of raw materials, agricultural products, bonds, treasuries, and fixed-income securities. Not just tracking, because the platform ensures that these tokenized ETFs are backed by real-world securities purchased from traditional financial markets.
However, unlike traditional ETF investment companies, ETFSwap’s (ETFS) use of blockchain technology means users can trade fractions of these ETFs, which could come in handy for retail investors. Investors can also trade with up to 10X leverage, potentially maximizing returns.
As a decentralized finance platform, ETFSwap (ETFS) is able to provide its offerings with trustless transactions, immutability of data, decentralized governance, and utmost user privacy. This means users can trade ETFs 24/7 without completing KYC registration requirements, which is unheard of in the world of ETFs.
ETFSwap (ETFS) Raises $750,000 In Seed Funding.
ETFSwap’s (ETFS) potential has enabled it to easily raise $750,000 in seed funding as it builds out and develops its decentralized ETF marketplace. This infusion of capital means the platform can accelerate its roadmap and move to launch as soon as possible.
Currently in the DeFi platform’s roadmap is the presale of its native token called ETFS. ETFS is a trade-to-earn ERC-20 Ethereum (ETH) token. As a utility token, holders of ETFS can make an APR from 8% to 86% per annum. This is because ETFSwap (ETFS) has a staking pool where investors can earn passive income on their holdings on a monthly basis.
ETFS also provides holders with other benefits within the ecosystem. These benefits include trading discounts, lower fees, voting rights to decide the platform’s future trajectory, and early access to ETF listings among others.
The ETFS presale is currently ongoing, which allows investors to purchase ETFS at a discount before the official launch. ETFSwap is releasing a limited supply of ETFS in its presale, with a starting price of just $0.00854 per token in the first stage. Participants in the first stage are eligible for up to an 18% bonus, and over 18.5 million tokens have been sold already. Stage 2 presale price will be brought up to $0.01831 per token.
ETFS will initially be launched on Uniswap and expanded into centralized exchanges, as ETFSwap (ETFS) continues to achieve its goal of making ETF investing open to all in the crypto space.
For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community
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