Crypto Expert Warns Investors To Stay Away From Worldcoin, Presents Better Alternative

Crypto Expert Warns Investors To Stay Away From Worldcoin, Presents Better Alternative

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May 21, 2024 by Editor's Desk
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Worldcoin (WLD), the cryptocurrency project backed by OpenAI CEO Sam Altman, is facing a perfect storm of challenges that threaten its long-term viability. These issues have been exacerbated by the concerns raised by renowned trader DeFi^2. This recent development has shaken investors’ confidence as they seek more reliable and better alternatives, with platforms like ETFSwap
Crypto Expert Warns Investors To Stay Away From Worldcoin, Presents Better Alternative

Worldcoin (WLD), the cryptocurrency project backed by OpenAI CEO Sam Altman, is facing a perfect storm of challenges that threaten its long-term viability. These issues have been exacerbated by the concerns raised by renowned trader DeFi^2. This recent development has shaken investors’ confidence as they seek more reliable and better alternatives, with platforms like ETFSwap (ETFS) emerging 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, has recently been scrutinized by crypto experts in the market. Top analyst DeFi^2  took to Twitter recently, where he questioned the legitimacy of Worldcoin’s  (WLD) project’s objectives and its operational transparency, suggesting it might be a facade for wealth transfer to insiders.

He expressed skepticism about Worldcoin’s true intentions, suggesting that the project’s “universal basic income” mission might be a facade for a wealth transfer that primarily benefits insiders.

DeFi^2 went ahead to criticise Worldcoin’s (WLD) tokenomics, which he believes are vulnerable to aggressive sell-offs. 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 $60 billion fully diluted valuation, Worldcoin (WLD) is experiencing a daily devaluation of 0.6% due to the emissions granted to users and operators claiming their allocations,” he noted, pointing out that these claims are mostly sold immediately upon release, as indicated by on-chain analytics.

Moreover, 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 concern doesn’t stop there, as DeFi^2 warns of a significant upcoming event: a massive token unlock for venture capital and the team in just 70 days.

This projected 4% daily inflation in supply could translate to nearly $50 million in daily sell pressure, potentially crippling Worldcoin’s (WLD) market value. He even compares Worldcoin’s (WLD) strategies to past market manipulations, suggesting insiders might be profiting by hedging their locked tokens before unlocking them at high valuations.

ETFSwap (ETFS) Seizes The Opportunity Amid Crypto Market Uncertainty

Capitalizing on the waning performance of the Worldcoin community, the ETFSwap (ETFS) platform steps up as a top alternative for the Worldcoin holders. The relatively new platform aims to reshape the trading and crypto space alike by tokenizing exchange-traded funds (ETF), enabling users to trade these assets with cryptocurrency.

ETFSwap (ETFS) stands out because it offers more than traditional trading platforms. It bridges traditional finance (ETFs) with DeFi by tokenizing ETFs on the blockchain, presenting itself as a better alternative to the waning Worldcoin.

These tokenized real-world assets (RWA) will be tradable on the Web3 marketplace, enabling seamless transactions without the need for external authorization or a third party. As an added security layer, Cyberscope, a world-renowned blockchain security expert, has audited the platform’s smart contract. After a thorough audit, Cyberscope found no underlying conditions that could make the platform vulnerable to future cyber attacks.

At the heart of ETFswap (ETPS) is its native token, ETFS, which serves dual purposes of governance and utility. This token grants holders the power to shape the platform’s future through voting rights while providing access to trade tokenized ETFs.

The ETFSwap (ETFS), stage 1 presale, in which each ETFswap (ETFS) token is selling at an affordable price of $0.00854, is shaking up the crypto world. Investors need to buy it at this stage as not only will it be sold at a higher price of $0.01831 at stage 2, but it will also give them over 100% APR on their investments.

Experts are also optimistic that the ETFS has the potential to surge by 20,000% after launch, resulting in a 200x yield for early investors. Join the ETFSwap (ETFS) ecosystem today and be among these savvy investors with a potential  200x yield on your investment.

 

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community