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As defunct exchange FTX continues bankruptcy proceedings, a new trading-focused altcoin is seeing growing interest in its pre-sale. This is Dash 2 Trade (D2T), a smart trading platform based on Ethereum. Its goal is to provide traders of all levels with real-time market analysis, as well as social trading data at its launch, expected in the first quarter of 2023.
Started last month, the pre-sale of Dash 2 Trade has already raised just over $6.4 million. The current price of a D2T token is $0.0513. However, this price should increase at the end of the third stage 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 being hit by the upcoming FTX
It’s not just FTX and its FTT token that have been impacted by the exchange’s failure. Indeed, it seems the threat of contagion is more likely than ever. BlockFi is preparing to file its own bankruptcy petition, according to the Wall Street Journal. Additionally, companies such as Gemini and Genesis have halted withdrawals for their respective lending products.
Crypto traders and investors are therefore exposed to the possibility of further losses. Luckily, Dash 2 Trade came into existence at the right time in the short history of the cryptocurrency market.
As mentioned above, Dash 2 Trade develops an intelligent trading platform, in which traders will be able to take advantage of multiple tools and features, from market data to social indicators. As described in his whitepaper, these tools will include the following:
- trading signals indicating buy and sell opportunities
- sentiment indicators and on-chain analysis to identify current cryptos
- social trading and strategy building tools, allowing investors to adopt new trading strategies
- access to crypto-currency 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.
At 400 D2T per month, the Starter level provides access to various communication channels, automated trading tools as well as strategy building features. At 1000 D2T per month, the Premium level offers, in addition to all this, on-chain data, indications about whale portfolios and professional quality market indicators.
Notable fact: Dash 2 Trade’s social trading data is powered by an already 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 a 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 pre-sale was a resounding success, largely due to the features it will offer when launched, the characteristics 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. Because of this, the growing popularity of the platform could 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 is already confirmed that it will be listed on BitMart and LBANK Exchange. Thus, the D2T token will have considerable upside potential, once it can be traded early next year.
Looking at previous pre-sales from this year, some cryptocurrencies are up 1800% from their pre-sale prices, once they were listed. It therefore seems obvious that, given its solid fundamentals, D2T also has a good chance of posting considerable returns for its investors.
Interested investors can participate in the token presale by visiting the project 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