The post Top 3 Crypto Tokens That Have Caught Elon Musk’s Attention appeared on BitcoinEthereumNews.com.

It is known in the blockchain industry that Tesla CEO Elon Musk is bullish on Dogecoin (DOGE), one of the top crypto tokens leading the meme coin rally. But recently, Elon was interested in two tokens: Grok (GROK), inspired by Musk’s chatbot Grok AI, and ETFswap (ETFS), a Bitcoin ETF token currently buzzing the DeFi sector. This article talks about how ETFswap (ETFS) caught the attention of the current world’s richest man.  Crypto ETF Trading Platform ETFSwap (ETFS) Catches Elon Musk’s Attention ETFswap (ETFS) is a crypto ETF trading platform that uses asset tokenization and blockchain technology to create a tokenized version of exchange-traded funds (ETFs). The tokenized ETFs will directly represent traditional ETFs on the blockchain, making it possible for traders to leverage real-time on-chain data to track the progress of this asset before investing.  Also, the traders will have the opportunity to use up to 50x leverage on derivatives trading on the platform; however, leverage can be dangerous, especially when used in excess, as any slight market volatility can result in the entire liquidation of the trading position. Further, compared to traditional ETFs, tokenized ETFs will be convertible to crypto tokens and vice versa, but the conversion can only be made with ETFS, which is the platform’s native token. ETFS crypto tokens will unlock access to all the features on the network and power the ecosystem; also, it will provide yield for holders through staking, as the platform boasts over 87% annual percentage rate (APR).  No doubt its unique ecosystem and innovative idea to tokenize ETFs are part of the reason that drew Elon Musk to the project, but there is more. ETFswap (ETFS) also promises investors automatic yield on their investments in its ongoing presale. Currently, everyone can purchase the tokens at a low price of $0.01831,…

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Filed under: News - @ June 17, 2024 3:16 am