The Ripple SEC settlement has been brought to light again, as an expert recently revealed what will eventually happen to the $125 penalty Ripple was ordered to pay to the SEC. Meanwhile, the XRP price continues to be negatively impacted as the Ripple SEC appeal case lingers. During this period, ETFSwap (ETFS) has hit remarkable milestones, with the altcoin set to reach unprecedented heights in this bull run.
What Happens To The Fine In The Ripple SEC Settlement
In an X post, former SEC official and legal expert Marc Fagel revealed that the $125 fine in the Ripple SEC case would have generally gone to institutional investors. However, since there were no actual investor losses, as decided in the Ripple SEC lawsuit, the expert stated that the money would go to the US Treasury.
The expert’s statement comes as the XRP price wobbles due to the Ripple SEC lawsuit, which is entering the appeal phase. The XRP price is underperforming, similar to what happened to it in the 2021 bull run just after the Ripple SEC case began. With the Ripple SEC appeal set to last until 2026, the XRP price might continue to underperform.
ETFSwap (ETFS) Is Thriving Ahead Of Beta Platform Launch
Amid the Ripple SEC case and the XRP price wobbling, ETFSwap (ETFS) is thriving in its ongoing presale with millions of tokens sold. This presale success comes ahead of the ETFSwap beta platform launch, which an expert has said will usher in the 10,000% rally for the ETFS altcoin from its current price of $0.05769.
Given the massive demand that the ETFSwap (ETFS) token is already enjoying, the expert is confident that the altcoin will skyrocket as soon as the beta platform goes live since the demand for the token will increase once the platform launches. This demand will come from investors looking to access the tokenized exchange-traded funds (ETFS) on the platform.
Investors can easily swap their ETFSwap (ETFS) tokens for their desired asset, making the investment process more straightforward. This tokenized ETF offering is set to attract traditional finance (TradFi) and crypto investors looking for an easier way to gain exposure to these funds.
Investing on the ETFSwap (ETFS) platform isn’t just easier and more cost-effective since there are no hidden charges on the blockchain. Thanks to the ETFSwap platform, there will no longer be a need for third-party intermediaries like brokers who also charge a fee when seeking to invest in the traditional markets.
Investors will even have the opportunity to enjoy reduced costs by holding the ETFSwap (ETFS) token. Token holders also enjoy other benefits, including passive income. For instance, they can stake their tokens and earn up to 87% annual percentage yield (APY) on their staked tokens.
ETFSwap (ETFS) holders can provide liquidity and earn up to 30% of the fees from token swaps. Meanwhile, token holders are eligible for monthly airdrops from the ETFS rewards pool. These holders possess governance rights and can participate in the decision-making on the decentralized finance (DeFi) platform.
It is worth mentioning that the ETFSwap (ETFS) beta platform has already launched on the Ethereum testnet and should go live on the mainnet anytime from now. The platform is built on the Ethereum network, meaning investors will have access to the network’s unparalleled liquidity when trading on the ETFSwap platform.
Conclusion
ETFSwap (ETFS) stands out as the best investment option in the crypto space right now, with the expectation that the altcoin will rally 10,000% while the XRP price struggles. Those looking to benefit from this price rally can buy the token in the bonus round of its presale, but you must hurry as it is only for a limited period.
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