ETFSwap (ETFS) is the new token that has been commanding crypto investors' attention over the last few weeks, leaving the likes of Ethereum (ETH) and Near Protocol (NEAR) in the dust.
Ethereum (ETH) has been a market leader in the crypto world ever since it came online in 2015. Despite its high fees, it has maintained about 16% dominance in the entire crypto market, second only to Bitcoin (BTC).
Near Protocol (NEAR), on the other hand, was designed in 2020 as a low-cost alternative to the Ethereum (ETH) blockchain and has already attained top-20 status with a market cap of about $6.2 billion.
Even though these two cryptocurrencies are prominent, there is a new player ready to take their places. This competitor, ETFSwap (ETFS), has shown itself as the best investment option among the three. With over $250,000 already raised in its presale, it is the next big thing in crypto.
Even though it was launched in 2015, the Ethereum (ETH) concept started as far back as November 2013, when Vitalik Buterin published the Ethereum (ETH) whitepaper. It introduced another dimension to the crypto concept, allowing developers to build applications on the blockchain with varying degrees of functionalities.
Over the years, the Ethereum (ETH) network has seen the proliferation of decentralized exchanges and applications on its smart contract protocol. This increased traffic has resulted in occasional network congestion and high transaction fees, bringing Ethereum's (ETH) scalability issues to the fore.
ETFSwap (ETFS) is a decentralized platform, built on the Ethereum (ETH) network, which will bridge the world of exchange-traded funds (ETFs) and cryptocurrencies by tokenizing these ETFs on the blockchain. Therefore, it will allow users to trade various ETFs for fiat and cryptocurrencies on its decentralized exchange.
Even though it is built on top of the Ethereum blockchain, ETFSwap (ETFS) will not suffer from the scalability issues that currently plague the blockchain. Transactions on the platform will be near-instant, ensuring seamless conversion between ETFs and cryptocurrencies. Also, fees will be considerably lower on the platform, with juicy discounts offered for holding the platform token.
Furthermore, ETFSwap (ETFS) is still in its presale stages, as opposed to Ethereum (ETH), which has already been in the limelight. While the market cap of the ETFS token is currently just over $250,000, Ethereum (ETH) is a massive 350 billion-dollar asset. In terms of sheer growth potential, then, ETFSwap (ETFS) is a much more promising option.
Near Protocol (NEAR) is a layer-1 blockchain that employs the principle of sharding to improve transaction costs and efficiency. It is not the first blockchain to propose sharding, but it aims to be the first to develop a fully sharded blockchain by dividing its blockchain into smaller parts.
While it has amassed billions of dollars in market cap, it has had difficulty challenging Ethereum's (ETH) place as the largest Decentralized Finance (DeFi) platform in the crypto world. This could be because its objective is similar to that of larger and more popular blockchains like Solana (SOL), Cardano (ADA), and Polkadot (DOT). With such immense competition, it has little potential for exceptional growth.
ETFSwap (ETFS)'s mission is unique. It is currently the only platform that combines ETF accessibility with cryptocurrency convertibility. It also does not only offer crypto ETFs, but extends its offer to commodity, market, and fixed-income ETFs. Additionally, it allows traders to add leverage to the mix by providing a means to amplify returns by up to 1,000%.
These unique products are sure to catapult ETFSwap (ETFS) to the top of the crypto list when the platform fully launches. To put the icing on the cake, the platform has also undergone an extensive audit with Cyberscope, where it excelled with an 81% score, deeming it a low-risk investment free from critical vulnerabilities.
Over 40 million ETFS tokens have been sold in Stage 1 of the presale, each priced at $0.00854. When Stage 2 starts, the token price will have increased to $0.01831, securing juicy gains for Stage 1 investors. Buying now will also secure you an 18% bonus when you use the code "ETFS18" at purchase.
You can join the presale by making deposits with Bitcoin (BTC), Ethereum (ETH), and major stablecoins. No KYC is required and you can start the process by connecting your wallet or signing up on the website.
For more information about the ETFS Presale:
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