ETFSwap draws attention, Solana whale sees early Solana potential

Amid a bull run, a Solana whale endorses ETFSwap’s presale, comparing its potential to Solana’s early days, as ETFSwap gears up for growth in blockchain-based ETF trading.

A Solana whale has compared the ongoing ETFSwap (ETFS) presale as being akin to purchasing SOL tokens when they were still selling for the low price of $0.5.

For context, Solana (SOL), currently one of the top altcoins in the crypto industry, was barely $1 when it launched in 2020; however, investors who pitched in then were able to rake in massive profits as it exploded to an all-time high of $260 in the bull run.

One such investor is a Solana whale who bagged SOL at its early stages and has sparked heated discussions in the crypto community with a bullish thesis on ETFswap, claiming buying it now at $0.00854 is similar to buying Solana at $0.50. This article will identify possible explanations for the whale’s high optimism by carefully examining the ETFswap ecosystem and why it is wise to bag it now.

Solana whale says ETFSwap is a promising option

ETFswap is a blockchain platform that enables trading exchange-traded funds on the blockchain through the tokenization of assets. This idea will allow the crypto community members to access all ETFs on a single trading platform. Also, since the tokenized ETFs will be a direct on-chain representation of the traditional ETFs on financial platforms, it will be easy for traders to monitor their progress before investing to minimize the loss of funds.

Further, as a platform that prides itself in anonymity and privacy, ETFswap will allow new users to register and access its network without needing to fill out a Know Your Customer (KYC) form that can result in the divulging of sensitive pieces of information.

The platform will also feature an ETF finder, a tool that will assist traders in identifying which ETFs are available for trading in their region and which suit their portfolio. Experienced traders on the platform will also be able to amplify their portfolio with fractional ownership and increase their earnings with leveraged trading, offering them up to 10x leverage. 

ETFSwap and tokenomics

ETFswap has ETFS, a standard ERC-20 token, as its native token, which will serve the purpose of utility and governance, enabling all holders to participate in the decision-making on the network through voting. 

One exciting thing about the token is that it was designed as a deflationary token; therefore, its supply decreases over time, creating a scarcity that will increase its intrinsic value.

ETFS will have a total supply of 1 billion, with the platform allocating 24% to its ecosystem and 40% to presale events. As a firm believer in the influence of the community as the backbone of any project, the platform has allocated 4% of the total supply, amounting to 40 million tokens, to the ETFswap community.

ETFSwap private sale success and massive presale event

ETFswap held a private sale of its native token to introduce it to whale investors, and five of them were impressed with the platform’s long-term potential and invested $750,000 in mere hours. One of the reasons why the Solana whale is projecting a bullish stream on ETFswap is because it intends to use the fund to speed up the launch of its platform and move to other aspects of its roadmap, which includes token launch on Uniswap. This concurs with the rapid growth of Solana, as funds raised were used to develop the ecosystem.

Further, the end of the private sale saw the beginning of its public sale, where the platform offers the token at a price of $0.00854 per coin in stage 1. All participants in stage 1 will make a profit when stage 2 starts at a higher price of $0.01831. Also, experts are optimistic that ETFS will explode to the $2 mark when it surges by 20,000%, making it yet another reason why the whale believes it is wise to bag the token now. 

Several investors who share the same sentiment with the Solana whale have rushed in to grab a piece of this diamond in the rough, pushing the total number of tokens sold to over 60 million. 

To learn more about the ETFS presale, visit ETFSwap presale or join the ETFSwap community.