Presales are considered versatile methods for major distributed ledger projects. Venture capitalists flock to these ecosystems during their initial stages to accrue profits in the future. Ethereum is a clear example as they amassed a number of angel investors who supported the project’s needs during the development stages. BinoFi is a new entrant that promises retail and institutional investors to acquire pre-minted BINO tokens at only $0.02 in the first ICO phase.
Crypto Specialists Say BinoFi’s Upsurge is Imminent
BinoFi is an imminent project that has managed to capture the attention of blockchain whales globally. Digital currency experts have suggested an upsurge in the project during its initial phase. The platform is a hybrid exchange that combines the positive attributes of CEX and DEX to promote user transparency, scalability, and efficiency.
Blockchain participants normally encounter problems such as fragmented liquidity that lead to price slippage. The hybrid model enables users to execute trades using centralized exchange order books and DEX’S liquidity pools hence offering better buying and selling prices.
Insecurity has also been a challenge in the web3 ecosystem. BinoFi utilizes smart contracts to conduct automated transactions. These transactions are tracked on the blockchain without displaying user information. The platform also has user-friendly features that enable crypto novices to easily navigate the ecosystem.
Self Custody and Cross Chain Swaps are Present in BinoFi
The platform offers users self-custody as they can retain their funds and private keys, something no other exchange currently does. BinoFi utilizes a Multi-Party Computation wallet mechanism that guarantees security without the need for seed phrases. The MPC wallet system assures account recovery eliminating risks involved with permanent loss of funds.
Investors have joined the ecosystem because of the platform’s inherent cross-chain swaps. Users can currently trade digital assets on different blockchain networks without needing bridges, wrapped assets, or intermediaries. This mechanism manages to keep off black hat hackers who take advantage of vulnerabilities within bridges.
BINO Surges During its Initial ICO Phase
The hybrid exchange has its own native token called BINO. The token is used as an element of AI-based trading tools, and cross-chain transactions. BinoFi participants who purchase BINO are offered governance in the ecosystem as they move to a DAO (decentralized autonomous organization) model. Investors can make decisions by voting on aspects such as key protocol upgrades and project policies.
Users who stake the token acquire reduced trading fees on both decentralized exchanges and centralized exchanges. For insurance, those holding 10,000 BINO will receive a 10% fee discount, users staking 40,000 BINO acquire a 25% discount and participants holding 80,0000 BINO get a 50% discount.
The total circulation of BINO is 2 billion which is disbursed to the ecosystem. A total of 860 million tokens will be allocated to the public sale, 400 million to liquidity and market making, 300 million to ecosystem rewards, 200 million to community and partnerships, 40 million to team and advisors, and 200 million as reserve funds.
The system has a buy-back deflationary mechanism that purchases back BINO and burns it permanently to reduce overcirculation of the token. This mechanism also promotes the development and future sustainability of the project.
All these attributes pegged to BinoFi prove an existing future for the growth of blockchain technology. The project has managed to capture the attention of different crypto communities, with investors joining the bandwagon as they wouldn’t want to miss any stage of the project’s presale.
Website: https://binofi.com
Whitepaper: https://whitepaper.binofi.com
Telegram: https://t.me/binofilabs
Twitter: https://x.com/Binoficom
CoinMarketCap: https://coinmarketcap.com/currencies/binofi/
Source: https://www.cryptopolitan.com/this-token-under-0-50-is-compared-to-ethereums-presale-at-0-30-in-2014-experts-say-it-could-reach-5-in-2025/