ETFSwap is expected to launch soon and this could be a game-changer based on the hype around ETFs this year. But what is it and why should you pay attention to it? You will have those answers and other key details by the time you finish reading this content.
ETFSwap (ETFS) is an Ethereum based DeFi platform that aims to bring exchange traded funds (ETFs) into blockchain. ETFs have been a key component in bringing liquidity into the market. However, traditional ETFs are limited based on jurisdiction.
Bringing ETFs onto blockchain would not only expand access but also bring forth other advantages such as higher level of trust and security. Blockchain based ETFs will also tap into a broader liquidity spectrum since they target the global market.
Based on the above, it is clear that ETFSwap is about to tap into one of the key growth areas of the market. This is why ETFSwap is highly anticipated.
ETFSwap features and offerings
ETFSwap has noteworthy features that make it quite an interesting proposition. For example, crypto holders can stake their assets in liquidity pools that make swaps possible. Staking allows the asset holder to earn yield from the revenue generated from trading fees.
The platform will also facilitate access to leveraged long and short term perpetual futures and options. Meanwhile, ETFSwap lets users conduct cost-effective and secure swaps across different markets. According to its official website, there will be no management fees because the platform will leverage smart contracts. It will also offer 24.7 access with no KYC requirements as part of its plan to provide flexibility and eliminate the friction of access to ETFs.
When is the ETFSwap launch date?
ETFSwap had not yet revealed the actual launch date for its ETFS token at the time of writing. However, it was in the bonus stage of its presale, which means the presale stage is at its tail end. In other words, a launch date is just around the corner.
Current projections suggest that a launch date could happen in early 2024. However, the official confirmation is yet to be announced.
ETFSwap tokenomics and price prediction
The ETFS token will have a total supply of 1 billion tokens. Here’s a breakdown of how the tokens will be distributed.
| distribution | allocation |
| Presale | 400 million |
| Ecosystem | 240 million |
| Liquidity and listing reserve | 120 million |
| Team | 60 million |
| Incentives | 60 million |
| Cash back reserves | 50 milliom |
| Partners and advisors | 30 million |
| Community rewards | 40 million |
The token will have multiple use cases in the ETFswap ecosystem. Holders can stake their tokens to provide liquidity which will allow them to earn passive income. Owning the asset will also automatically provide early access to ETF listings and other opportunities.
ETFS tokens can also be used to access discounted trading fees and boost transaction efficiency. It will also act as the governance token in the ETFswap ecosystem. These use cases may have a significant impact on the token demand.
ETFS price prediction
The token had a $0.05769 presale price at the time of writing and had raised $7.33 million according to the official website. The circulating supply will likely be significantly lower than the total supply, by the time it gets launched. This means ETFS may will kick off as a low-cap with significant upside potential.
It is difficult to predict price without circulation data and a clear outlook of the initial demand before the token launch. Nevertheless, the launch price will likely be significantly higher than the current presale price. The token’s future outlook will also depend on how well ETFSwap will be received or embraced by the market.
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