DeFi
Crypto expert warns investors to stay away from Worldcoin, presents a better alternative
May 21, 2024 by Surah Gaydhane
139
Worldcoin (WLD), the cryptocurrency project backed by OpenAI CEO Sam Altman, is facing a storm of challenges that threaten its long-term viability. These issues were exacerbated by concerns raised by popular DeFi trader^2. This recent development has shaken the confidence of investors as they look for more reliable and better alternatives, with platforms like ETFSwap.
Worldcoin (WLD), the cryptocurrency project backed by OpenAI CEO Sam Altman, is facing a storm of challenges that threaten its long-term viability. These issues were exacerbated by concerns raised by popular DeFi trader^2. This recent development has shaken the confidence of investors as they look for more reliable and better alternatives, with platforms like ETFSwap (ETFS) emerge as potential solutions.
Worldcoin price drops after security concerns emerge
Worldcoin (WLD), an open source protocol created to give everyone access to the global economy, was recently scrutinized by crypto experts in the market. Top DeFi^2 analyst took Twitter recently, where he questioned the legitimacy of the Worldcoin (WLD) project’s goals and its operational transparency, suggesting that it could be a front for the transfer of wealth to insiders.
He expressed skepticism about Worldcoin’s true intentions, suggesting that the project’s “universal basic income” mission could be a front for a wealth transfer that primarily benefits insiders.
DeFi^2 has criticized Worldcoin (WLD) tokenomics, which it says are vulnerable to aggressive selling. He outlined specific details that suggest the possibility of this aggressive short selling due to the project’s tokenomics and insider activities.
“At its current fully diluted valuation of $60 billion, Worldcoin (WLD) is experiencing a daily devaluation of 0.6% due to issuances granted to users and operators claiming their allocations,” he noted, emphasizing that these claims are for the most part sold immediately after their publication. , as indicated by on-chain analytics.
Additionally, the Worldcoin Foundation recently sold $200 million worth of tokens (18% of the circulating supply) from the ambiguously named “Community” allocation, further diluting the value for existing holders. The worry doesn’t end there, as DeFi^2 warns of a major upcoming event: a massive token unlock for VC and team in just 70 days.
This 4% daily supply inflation forecast could translate into daily selling pressure of nearly $50 million, potentially crippling the market value of Worldcoin (WLD). He even compares Worldcoin’s (WLD) strategies to past market manipulations, suggesting that insiders could profit from hedging their locked tokens before unlocking them at high valuations.
ETFSwap (ETFS) Seizes Opportunity Amid Crypto Market Uncertainty
Capitalizing on the declining performance of the Worldcoin community, the ETFSwap (ETFS) The platform is establishing itself as an alternative of choice for Worldcoin holders. The relatively new platform aims to reshape the trading and crypto space by tokenizing exchange-traded funds (ETFs), allowing users to trade these assets with cryptocurrency.
ETFSwap (ETFS) stands out because it offers more than traditional trading platforms. It connects traditional finance (ETF) with DeFi by tokenizing ETFs on the blockchain, presenting itself as a better alternative to the declining Worldcoin.
These tokenized real world assets (RWA) will be tradable on the Web3 marketplace, enabling transparent transactions without the need for external or third-party authorization. As an additional layer of security, Cyberscope, a world-renowned blockchain security expert, has audited the platform’s smart contract. After a in-depth auditCyberscope found no underlying conditions that could make the platform vulnerable to future cyberattacks.
At the heart of ETFswap (ETPS) is its native token, ETFS, which serves a dual purpose of governance and utility. This token gives holders the power to shape the future of the platform through voting rights while providing access to tokenized ETFs.
ETFSwap (ETFS), stage 1 pre-sale, in which each ETFswap (ETFS) token sells at an affordable price price of $0.00854, is shaking up the world of cryptography. Investors should buy it at this stage because not only will it be sold at a higher price of $0.01831 in stage 2, but it will also give them an APR of over 100% on their investments.
Experts are also optimistic about the potential of ETFS jump of 20,000% after launch, generating a 200x return for early investors. Join the ETFSwap (ETFS) ecosystem today and be one of those savvy investors with a potential 200x return on your investment.
For more information on the ETFS presale: