The decentralized finance (DeFi) space continues to evolve, with platforms emerging to challenge established projects like Uniswap (UNI). There is a new term called PropFi which stands for Proprietary Finance or more commonly known as Prop Trading.
A new challenger is a decentralized trading platform that offers advanced features and benefits like real capital for traders, analytical tools, and a unique Trade2Earn model. Although it is in the pre-sale phase, experts believe that it will thrive and become a key player in the DeFi, PropFi, and TradFi sectors. Will it become the next big platform to compete with Uniswap?
FXGuys: The Multi-Asset Trading Platform That Empowers Traders
FXGuys is a decentralized trading platform that develops a protocol that will meet the needs of all traders. As an advanced multi-asset trading platform, FX Guys is built with analytics tools and provides access to real capital that helps empower traders. These features have helped it rank among the best opportunities of 2024, despite being in the pre-sale phase.
The platform features security and privacy components backed by advanced technology to help leverage FXGuys’ PropFi platform. The project offers up to $200,000 of trading capital to manage for ambitious traders, with profits split 80/20 in favor of traders. Users also have access to the proprietary Trade2Earn model that allows them to earn $FXG tokens on every trade across indices, cryptocurrencies, commodities, and forex.
As a community-centric network, FXGuys combines DeFi to deliver crypto payments, transparency and exclusive rewards that enhance the trading experience. Its extensive portfolio of tradable products is perfectly developed to meet the needs of the community. In addition, FXGuys publishes learning materials, news, trading strategies and other important documents to enable traders to grow and prosper.
$FXG is the ERC-20 utility token that powers the platform and provides holders with voting rights in governance. The $FXG token grants holders access to perks like trading discounts and profit sharing. If you’re wondering about the legitimacy of this project, you can rest easy knowing that both Soken and SolidProof have verified the $FXG smart contract.
The project’s seed funding round sold out in 24 hours, with just FX Guys News email subscribers buy the token at $0.01.
$FXG is currently in its private sale phase, valued at $0.015. Its official Phase 1 public sale will launch in ten days, allowing investors to acquire the tokens early enough. Seed round investors will enjoy a 900% profit once the pre-sale ends in Stage 6 and is listed on traditional markets at $0.100. However, current investors can make a 100% profit when $FXG moves to Phase 1 of its public sale, selling at $0.030.
Uniswap Labs Overcomes CFTC Setback, Strengthens Position in DeFi
Uniswap Labs, the entity behind the UNI project, recently had to deal with an order served by the U.S. Commodity Futures Trading Commission (CFTC). According to the CFTC, Uniswap Labs offered leveraged and margined retail commodity trading in digital assets.
This order forced Uniswap Labs to pay a fine of $175,000 and cease violating the Commodity Exchange Act (CEA) once the complaint between the CFTC and Uniswap is resolved. Despite this ordeal, UNI has remained resilient. The token plunged shortly after the news broke before rebounding.
Analysts believe that Uniswap has shown resilience thanks to developments in its network. Notably, Uniswap has partnered with Canteen to launch the largest security competition in DeFi history, featuring a $2.35 million prize pool to audit the highly anticipated v4.0 code. This move will make v4.0 the most widely audited code ever deployed on-chain. This move would set a new standard for security and solidify UNI’s leadership position in the DeFi space.
With such competition, Uniswap is expected to see crypto whales flocking to the platform as they primarily care about security.
UNI has encountered considerable difficulties price fluctuations The stock market has recently seen a sharp rise as investors are looking for investment opportunities. Market analysts are now predicting further positive momentum in the coming days.
On September 12, 2024, UNI was valued at $6.77up 8.03% last week. Experts believe that UNI will reach $8.16 this month, supported by developments on the network. As UNI thrives, investors are turning to $FXG to increase their profits and stabilize their portfolios.
FXGuys Has Potential to Rival Uniswap
The DeFi sector, including PropFi, is experiencing massive growth, with projects like FXGuys ($FXG) FXGuys cryptocurrencies are emerging as serious competitors to giants like Uniswap (UNI). FXGuys’ revolutionary features, analytics tools, prop-funded accounts, and unique Trade2Earn model make it very attractive to investors and traders. Early adopters of $FXG will enjoy 900% profits once its presale ends. As Uniswap continues to innovate, FXGuys is quickly becoming an attractive alternative for investors looking to diversify their DeFi portfolios.
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