Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
As failed exchange FTX continues its bankruptcy proceedings, one new trading-focused altcoin is witnessing a growing interest for its presale. This is Dash 2 Trade (D2T), an Ethereum-based trading intelligence platform that will provide traders of all skill levels with real-time market analytics and social trading data when it launches in the first quarter of 2023.
Since launching last month, Dash 2 Trade's sale has raised a total of just over $6.4 million, with 1 D2T going for 0.0513. This price, however, is due to rise when stage three of the sale ends (at $8,757,000), giving investors little time to buy the new altcoin at a steep discount.
It's not only FTX and its FTT token that has been harmed by the exchange's bankruptcy because now it seems that the threat of contagion has become very real. BlockFi is preparing to file its own application for bankruptcy, according to the Wall Street Journal, while the likes of Gemini and Genesis have halted withdrawals for their respective lending products.
This leaves traders and investors exposed to the distinct possibility of further losses. Fortunately, Dash 2 Trade has appeared at just the right time in the short history of the cryptocurrency market.
As noted above, it's developing a trading intelligence platform where traders will be able to view a suite of tools and features, from market data to social indicators. As described in its whitepaper, such tools will include the following
Most of these features will be available via one of two subscription tiers, although there's also a free version of the Dash2Trade platform that offers a
Read more on cryptonews.com