The Ripple (XRP) Chief Technology Officer (CTO) has issued a critical warning to its community about a new scam attack targeting crypto members. This announcement comes amid exciting developments exposed about Cardano under the radar technology and the launch of a new crypto ETF trading platform, ETFSwap (ETFS).
ETFSwap (ETFS) To Launch Trading Platform With Advanced Security Features
ETFSwap (ETFS) tokenized ETF and crypto trading platform is set to launch soon, potentially becoming one of the hottest decentralized exchanges in the crypto sector. Its beta platform will be debuting in 35 to 40 days, ensuring the exchange is fully road-tested and can operate flawlessly in a real-world environment.
This platform allows users to buy ETFs by swapping cryptocurrencies and using blockchain technology to facilitate trades while also tracking the real-time market performance of the ETF.
Unlike conventional ETF trading systems, ETFSwap (ETFS) utilizes the power of tokenization to provide users with a diverse range of institutional ETFs for trading. These ETFs include commodity ETFs, leveraged ETFs, cryptocurrency spot and futures ETFs and fixed-income ETFs.
ETFSwap (ETFS) distinguishes itself with a myriad of innovative features tailored to cater to both experienced and novice investors. The platform offers 24/7 accessibility, no KYC requirements, low trading fees, efficient risk management services, and ETF management benefits.
Its smart contracts have also undergone a comprehensive audit by prominent blockchain audit firm, CyberScope. The audit covered all aspects of ETFSwap’s innovative platform including its underlying infrastructure and its system security, alleviating users' concerns regarding the safety of their investments and digital assets. Additionally, the audit highlighted the platform’s robust security measures against cyber threats and scam attacks.
To incentivise user participation on its platform, it offers numerous rewards and trading leverages. Users can take advantage of up to 10X leverage on all their trades, up to 50X leverage on perpetual futures and options trading, monthly token airdrops and 87% APR yield for investors.
With ETFSwap’s launch timeline fast approaching, the excitement continues to build around its ongoing public sale. Investors are aggressively purchasing ETFSwap’s native token ETFS, aiming to capitalize on the opportunity to acquire tokens at a discounted rate.
The initial price of ETFS tokens during its current second presale stage is $0.01831. As the presale progresses, the value of each token will gradually increase, rewarding early investors who aim to secure their positions in the burgeoning ecosystem.
Ripple CTO Warns XRP Community About Scam Attacks
In a recent X (formerly Twitter) post, David Schwartz, Ripple (XRP) CTO, issued a warning to community members about an ongoing scam attempt targeting X crypto users. According to Schwartz, certain malicious actors have been sending direct messages to Ripple (XRP) community members, stating that their account was “currently under investigation for copyright violations.”
Schwartz also revealed that these messages are phishing scams designed to trick crypto members into clicking the provider link. The Ripple (XRP) CTO disclosed that the link is connected to a phishing site that will illicitly collect crypto members’ personal information and login credentials, potentially resulting in financial losses for the unfortunate victim.
The Ripple (XRP) CTO has urged community members to remain cautious and refrain from clicking the link to avoid becoming victims of the scam attack.
Cardano (ADA) CEO Unveils Hard Fork Developments
Charles Hoskinson, Cardano (ADA) founder, has expressed dissatisfaction with the way the crypto media portrays the Cardano (ADA) blockchain. The Cardano (ADA) founder argues that the media is focused on generating news regarding Cardano’s potential failings rather than its innovative developments.
To rectify the supposed misinformation, Hoskinson has provided valuable insights into the blockchain’s under-the-radar hard fork. The Cardano CEO revealed that Cardano (ADA) is currently leading the industry in scaling R&D and has been witnessing significant growth in its DApps.
Moreover, technologies in the Cardano (ADA) ecosystem like Hydra are maturing, numerous community events have been scheduled and the ecosystem has nurtured several partnerchains. These substantial developments underscore the ongoing efforts the Cardano (ADA) blockchain has been undertaking to further improve and advance its ecosystem.
Wrapping Up With Ripple (XRP), Cardano (ADA), And ETFSwap (ETFS)
As Ripple CTO alerts community members of ongoing scam attempts, ETFSwap (ETFS) is getting ready to launch its decentralized crypto and trading platform, integrating the best security measures to safeguard users from potential cyber-attacks and scam attempts. Furthermore, Cardano’s disclosure of its ongoing hard fork developments potentially suggests the potential for further innovation in the crypto space.
For more information about the ETFS Presale:
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