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.
Dash 2 Trade Promises to Help Traders Avoid Being Burned by the Next FTX
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
Trading signals indicating buy and sell opportunities
Social sentiment metrics and on-chain analysis identifying trending coins
Strategy building and social trading tools, helping investors adapt new trading strategies
Access to cryptocurrency presales, as well as alerts to new exchange listings
News feeds
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 limited number of features.
At 400 D2T per month, the Starter Tier grants access to various social channels, automated trading tools, and strategy-building features. At 1000 D2T per month, the Premium Tier expands on this to also include on-chain data, whale wallet alerts, and professional-grade market indicators.
Notably, Dash 2 Trade has its social trading data fed by a pre-existing community of 70,000 active traders from Learn2Trade, which is a popular forex signals provider developed by the same team.
While Dash 2 Trade’s presale has been successful largely because of the features it will provide when it launches, the tokenomics of its D2T coin have also likely attracted investors.
For one, the altcoin has a max total supply of one billion, making it a potential deflationary cryptocurrency. That it could deflate over time is made likelier by the fact that it will be used to pay for Dash 2 Trade’s monthly subscription fees, in that the growing popularity of the platform will result in more demand for, and a reduced supply of, the token.
This arguably creates a strong bull case for the token, and with listings on BitMart and LBANK Exchange already confirmed, it has the potential to rise considerably once it becomes tradable early next year.
Looking at earlier presales this year, some coins have risen by as much as 1,800% relative to their presale prices in the aftermath of initial listings. It, therefore, stands to reason that, with its solid fundamentals, D2T also has a good chance to post some substantial returns for its holders.
Interested investors can participate in its token sale by visiting the website and connecting their MetaMask or Wallet Connect cryptocurrency wallets before using either Ethereum (ETH) or Tether (USDT) to buy D2T.
