As Viral ETF Token Plummets 99%, This Different Bitcoin ETF Venture Simply Raised $1.3 Million – Subsequent 100x Coin?

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As market hype across the prospect of an imminent Bitcoin Spot ETF grows, so too has super-charged value motion on DEX markets, however in a transfer surprising markets this morning, viral BTC ETF token has rug-pulled – leaving traders scrambling for different performs.

Current months have seen an enormous development in explosive DEX-traded token strikes, with numerous moon-shots garnering vital consideration, together with the ever-popular APXSAMBO Bot, Baby MemeTIME, ROCKY and IO.

With markets scoped in on the information for any developments on the Bitcoin spot ETF entrance, it’s no shock {that a} meme coin bearing the title ‘BTC ETF’ has undertaken speedy development on DEX markets with little to no advertising and marketing.

However as is commonly true for DEX traded moon-shot tokens, all was not what it appeared, and a sinister rug-pull play awaited that has left 702 DEX merchants penniless within the mud.

$ETF Rug Pull Evaluation: As BTC ETF Token Capitulates – Had been The Warning Indicators Written on the Wall for 702 Penniless Merchants?

Following the thunderous crash, $ETF token is at present buying and selling at a market value of $0.005060 (representing a 24-hour change of -95.29%).

This comes following a seemingly spectacular run yesterday. which noticed $ETF token launch to virtually instantaneous success because the fresh-faced coin surged +850% within the first hour.

Lured in by the dramatic development, $ETF token then posted a 9-hour sustained +194% rally transfer to resistance at $0.1162, nevertheless, this was stifled by a considerable -95% retracement transfer.

Mysteriously this dump like value motion was shortly purchased up by an inflow of $371k in quantity, as late stage merchants raced into what now seemed to be a honeypot.

This left 702 bewildered holders trapped, with liquidity pulled at 14:00 on November 21, this was adopted by a sweeping rug-pull 11-hours later – with value tumbling -95% in an entire rip-off.

However with BTC ETF token posting such dramatic development, and 702 holders now penniless – with nothing however just a few illiquid digital tokens as a memoire – had been the warning indicators written on the wall?

Maybe the primary warning signal emerges whenever you search the $ETF token deal with on Twitter, which reveals a previous token launch in early November – that undertook a ‘sensational run’ earlier than vanishing for greater than 10 days.

This implies a token contract being reused or recycled, and fairly coyly too, as $ETF goes undetected by DEXTools inbuilt safety audits.

However additional examination of the token contract with a Honeypot Detector begins to ring warning bells, with the token contract discovered to be defective – resulting in an illusive ‘unknown’ end result.

Nevertheless, the power to edit purchase features alongside unlocked liquidity swimming pools suggests this was a transparent rug-pull threat from the beginning.

Regardless of the loss right here, merchants in search of an identical ETF-themed play backed by a totally safety audited token contract and respected growth staff want look no additional than the Bitcoin ETF presale (that’s proper; Bitcoin ETF – NOT – BTC ETF).

This BTC ETF Different Token Might Skyrocket Amid Bitcoin ETF Bullrun – Don’t Miss Out

A brand new Bitcoin different presale launched this week, providing eagle-eyed merchants the chance to make it massive on unfolding Bitcoin ETF rumors, with out having to eat the $37,000 price of changing into a wholecoiner.

Bitcoin ETF Token ($BTCETF) is at present buying and selling at a market value of $0.0056 in funding spherical stage 1 with an alluring $1,333,692 raised within the opening weekend of presale.

Designed and constructed with skyrocket potential in thoughts, this promising token goals to financial institution massive on market pleasure surrounding the continued functions for Bitcoin spot ETFs.

Aiming for a hard-cap of $5m in presale funding, the early-stage of this rising venture’s presale provides traders a singular alternative to get in throughout this early entry level, which may set the stage for life-changing good points.

Trip the ETF Rally with Ease: Bitcoin ETF Token is a Vital Element in Each BTC Dealer’s Toolbox

Certainly, Bitcoin ETF isn’t merely a ineffective meme coin, past taking purpose on the largest narrative in crypto – BTCETF has a serious utility: Bitcoin ETF information alerts.

The token’s dApp provides merchants a live-feed of the most recent Bitcoin spot ETF data and information, with subtle expertise monitoring functions real-time on the SEC, and high-speed bots monitoring social media for the most recent breaking ETF information.

However a easy feed of Bitcoin spot ETF information solely highlights a fraction of Bitcoin ETF token’s potential, with easy-access to real-time replace alerts providing sharp merchants the chance to make market-beating returns stress-free; being amongst the primary to listen to about privileged Bitcoin Spot ETF information.

This might allow merchants to place themselves appropriately in seismic Bitcoin market actions, making Bitcoin ETF token a important part in each BTC dealer’s tool-box this Winter.

Surging Curiosity in Bitcoin Options Leaves $BTCETF Poised to Outperform $ETF Token

Venture tokenomics are bolstered by formidable plans for the incorporation of staking rewards that incentivise long-term holding, alongside a burn mechanism, which can improve $BTCETF as a ‘digital gold’ different, by making a deflationary mechanism in value.

Set for stage 3 of the Bitcoin ETF project roadmap, an preliminary burn mechanism can be launched amid a well-marketed DEX launch, imposing an preliminary 5% burn tax on transactions – this can be diminished by -1% every time a Bitcoin ETF information milestone is reached.

Nevertheless, plans are afoot for a bigger burn mechanism in stage 4, in a transfer that can see 25% of token provide burned time beyond regulation, this can be performed in 5% burn intervals – with every supply-side discount happening as a Bitcoin ETF information milestone is met.

The milestones for the burn mechanism are as follows:

  • Milestone 1 – $BTCETF Buying and selling Quantity hits $100m – burn tax on transactions diminished from 5% to 4%, and 5% of complete provide is burned.
  • Milestone 2 – First Bitcoin ETF is authorized by SEC – burn tax on transactions is diminished from 4% to three%, and an extra 5% of complete provide is burned.
  • Milestone 3- First Bitcoin ETF launch date – burn tax on transactions is diminished from 3% to 2%, and an extra 5% of complete provide is burned.
  • Milestone 4 – Bitcoin ETF property underneath administration (AUM) hits $1bn – burn tax on transactions is diminished from 2% to 1%, and an extra 5% of complete provide is burned.
  • Milestone 5 – Bitcoin value hits $100k – burn tax on transactions is diminished from 1% to 0%, and an extra 5% of complete provide is burned.

This can create a gradual lower in complete provide, ultimately leaving round 70% of BTCETF in circulation, with the availability aspect discount inducing upside value development.

And that’s with out contemplating the potential for token worth accrual pushed by demand from merchants for entry to the ETF information dApp and the ever-present demand for Bitcoin options.

Certainly, 2023 has seen explosive development in Bitcoin associated tokens – with markets exhibiting an actual urge for food for BRC-20 ordinal tokensBitcoin Cloud Mining, and Bitcoin derivatives.

So don’t miss your likelihood to get in early forward of the following main Bitcoin rally leg – join with the venture on X (Twitter) and Telegram for more details.

Buy Bitcoin ETF Here

Disclaimer: Crypto is a high-risk asset class. This text is offered for informational functions and doesn’t represent funding recommendation. You possibly can lose all your capital.

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