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As defunct exchange FTX continues bankruptcy proceedings, a new trading-focused altcoin is seeing increasing interest in its pre-sale. This is Dash 2 Trade (D2T), a smart trading platform based on Ethereum. It aims to provide traders of all levels with real-time market analysis as well as social trading data upon launch, expected in the first quarter of 2023.
Started last month, the Dash 2 Trade presale has already raised just over $6.4 million. The current price of one D2T token is $0.0513. However, this price should increase at the end of the third phase of the presale (to $8,757,000). There is therefore very little time left to invest in this altcoin at a reduced price.
Dash 2 Trade promises to help traders avoid getting hit by the upcoming FTX
It is not just FTX and its FTT token that has been affected by the exchange’s failure. In fact, it seems that the threat of contagion is more likely than ever. BlockFi is preparing to file for bankruptcy of its own, according to the Wall Street Journal. In addition, companies such as Gemini and Genesis have stopped withdrawals for their respective lending products.
Crypto traders and investors are therefore exposed to the possibility of further losses. Fortunately, Dash 2 Trade came about at the right time in the short history of the cryptocurrency market.
As mentioned above, Dash 2 Trade is developing an intelligent trading platform where traders will be able to take advantage of multiple tools and features, from market data to social indicators. As described in his white paper, these tools will include the following:
- trading signals that indicate buying and selling opportunities
- sentiment indicators and on-chain analysis to identify current cryptos
- social trading and strategy building tools that allow investors to adopt new trading strategies
- access to cryptocurrency pre-sales, as well as alerts when new listings are made on an exchange
- a continuous flow of information
Most of these features will be available through one of two subscription tiers. There is also a free version of the Dash2Trade platform, but this offers a limited number of features.
For 400 D2T per month, the Starter level provides access to various communication channels, automated trading tools as well as strategy building features. For 1000 D2T per month, the Premium level offers, in addition to all this, on-chain data, whale portfolio indications and professional quality market indicators.
Notable fact: Dash 2 Trade’s social trading data is powered by a pre-existing community of 70,000 active Learn2Trade traders. This is a very popular forex signal provider and developed by the same team.
And since Dash 2 Trade already has one Twitter account (launched in September) with over 42,000 followersthe project is already well on its way to expanding this community.
Tokenomics and future earnings
While the Dash 2 Trade presale was a resounding success, largely due to the features it will offer when it launches, the properties of the D2T token were also a strong selling point for investors.
First, the altcoin has a maximum total supply of one billion, making it a potentially deflationary cryptocurrency. It is very likely that its supply may decrease over time as the token will be used to pay Dash 2 Trade’s monthly subscription fees. Due to this, the growing popularity of the platform may lead to an increase in demand and a reduction in the supply of the token.
We can therefore say that the token has a high potential for increase. What’s more, it has already been confirmed that it will be listed on BitMart and LBANK Exchange. Thus, the D2T token will have significant upside potential once it becomes tradable early next year.
Looking at previous pre-sales from this year, some cryptocurrencies have risen 1800% from their pre-sale prices when they were first listed. It therefore seems obvious that D2T with its solid fundamentals also has a good chance of delivering significant returns to its investors.
Interested investors can participate in the token sale by visiting the project’s website and connecting their MetaMask or Wallet Connect crypto wallets. Note that it is necessary to use Ethereum (ETH) or Tether (USDT) to buy D2T.
Visit Dash 2 Trade now