Etfx.finance Review – Is Etfx.finance Scam or Legit
Welcome to Xycinews Media, this article about Etfx.finance Review was written after my research and coming to know users are searching for keywords like;
- Etfx.finance Review
- Is Etfx.finance Scam
- Is Etfx.finance Legit
- How does Etfx.finance Work
- Who is Etfx.finance founder
- Etfx.finance Credibility
ETFx Finance is totally new idea on cryptocurrencies market. The main point is to bring classic ETFs to the DeFi world.
ETF is simply baskets with many cryptocurrencies, with their average value. Such sets allow to increase the investment income and minimize the possible loss. Because you don’t need to buy each cryptocurrency separately and their price is averaged.
JUST READ TO THE END PATIENTLY..!!
Contents
Etfx.finance Review
The below description was gotten from their web page;
We work in traditional finance and banking on a daily basis. We have many years of experience in investing in traditional assets. A large part of our team dealt with the supervision of ETFs and other financial instruments.
Unfortunately, when we look at what is happening in the current economy, we start to worry more and more about how long the traditional currency, like the dollar, the euro, will still have value.
The project we are working on is a response to the modern monetary ecosystem that is currently under construction in front of our eyes.
Etfx.finance Token
What distinguishes them mainly is the whole idea of ETFs. ETF token holders will be able to purchase on their platform these ‘cryptocurrency baskets’.
ETFs will have the average price of the tokens in them. This allows team Etfx finance to minimize the risk of loss after the investment, and ultimately increase the profit on this investment, especially during the bullmarket.
It is also very useful for new members of the crypto world who do not know exactly what to invest their money in. By buying one ETF, they invest in 4 assets.
Also after Governance token release, holders will be able to chose the composition of the ETF(which cryptos will be included.)
Tokens That Have Been Burned;
- Private Sale leftovers: 56,501 ETFX
- Public Sale leftovers: 250,853 ETFX
- Additional burn: 157,895 ETFX
- Still in Burn Pool – 100,000 ETFX
Etfx.finance Presale
Etfx finance presale is simple. It will be held in two phases:
PRIVATE SALE
Private sale starts 28.11.2020 at 10:00 GMT+1.
Private sale will have place on their telegram group thru smart contract, only for 24 hours or reaching private sale hardcap(400eth).
PUBLIC SALE
Public sale will start just after Private sale finish, at the latest 29.11.2020 10:00 GMT+1
Public sale will have place on their website https://etfx.finance
It will last a maximum of 7 days or or until ‘hardcap’ is achieved.
How Etfx.finance Works
A new cart can be created on each platform. It is enough to vote by a group of investors who would also like to invest in the given assets.
After obtaining more than 1000 votes, a new smart contract is launched, which will be responsible for a given basket of tokens and cryptocurrencies, and a token representing the token is issued. The average price of the EFX1 token is created, the price for the price and the liquidity of the selected tokens.
Etfx.finance Utilities
- Farming
- Possibility to buy ETFs
- Possibility to exchange for governance token (soon)
Etfx.finance Founder
Though I still doubt this profile because of his anonymousity and refusal to give his full name. Additionally, the site only gave first name of it teams instead of full names.
Practically, the reason for this isn’t going down well with me because we can’t track or examine their business track record or hold them if anything goes wrong.
Nonetheless, the below name “Jacob” took responsibility and below is his brief description.
My name is Jacob, I’m 29 years old, I come from Western Europe. By profession I am a senior investment specialist at the Bank and the CEO of the ETFx project.
I have been dealing with cryptocurrencies since 2015, I have helped many companies implement them into their systems. This year, together with my team, we decided to create our own project.
Is Etfx.finance Legit
For example, of they have 4 tokens in one ETF.
- A token with price 5$
- B token with price 5$
- C token with price 5$
- D token with price 5$
So their ETF price will be average of those = 5$
Then if two first tokens will dump to 4$, but another two will bump to 6$, they are not losing any money. — because price of ETF is average of those 4
Its great at bullrun, because when all tokens are pumping, they are earning average growth, which almost always will be bigger than separated grow of each asset
Is Etfx.finance Scam
Primarily, Xycinews Media contents is to give an overview of platforms and what they entails to help you decide if proceeding with them or Investing only what you can afford to lose.
- Do you think Etfx.finance is scam?
- How you being defrauded?
With a lot of platforms on our desk to review for the general public, we might not be able to keep track of Etfx.finance on a regular. Please help us by dropping a comment and this will help other potential investors from falling prey or proceeding to invest..
In Summary – Is Etfx.finance Legit or Scam
Anyways, team Xycinews can’t pronounce Etfx.finance scam or legit but we will give you all the important information at our disposal to help you decide best because it involves you and your funds and we ain’t ah third party.
Don’t conclude from what you’ve read alone, make research additionally to make your firm. Always look out for the following before considering any online platform, expecially when your funds is involved.
- Check if the site has a “contact us” web page
- The site gave little or zero information about it address and contact
- I saw no certificate of Grant on the site
- Always check if the platform is registered and certified to increase trust value, but this didn’t.
- Gladly, the site has an active social presence on Telegram.
Disclaimer
This Etfx.finance Review Article isn’t aimed at defaming Etfx.finance nor is it targeted to promoting them.
This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.
Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this Etfx.finance reviews.
Team Xycinews is no third party and we can’t handle any queries whatsoever.
@The Blogger Scientist
Sharing Is Loving 💕
NOTICE: In as much as Team Xycinews aims to deliver a near perfect review, we have a lot of Platforms on our Log to review & a lot already reviewed. Sadly this limits us from backdating to track the status of already reviewed platforms.
Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.
Always check our article’s published date & the comment section below for users opinion. Thanks ♥️
Contents
Dessii Media Review
It is an Affiiliate and Investment platform which pays members 55% roi both simple and compoundly by engaging into forex, real estate, international trade and other back up investment enterprise.
To stand out different, you don not need to do anything on Dessii, just invest and relax for either 30 or 120 days depending on the plan you choose.
Dessii Media Investment
- DIAMOND N300K (N465,000)
- Copper N10K (N15K)
- BRONZE N20K (N31,000)
- SILVER N50k (N77,500)
- SILICON N100K (N155,000)
- GOLD N200K (N310,000)
- JEWEL N500K (N775,000)
- PEARL N1M (N1.55M)
- RUBY N2M (N3.1M)
- AMBER N5M (N7.55M)
Dessii Media Withdrawal
Once you earned and reached the duration for withdrawal, kindly visit your dashboard and fill the withdrawal form. Withdrawals are processed within 24-48 hours upon applying for withdrawals.
Dessii Media Referral Program
For every online platform, the referral model follows a pattern, all company wants to promote its product, app or site so they offer all potential users the opportunity to share their link, make a new member, and earn a bonus as reward.
The same model is applied on the Dessii Media site. Dessi Media provides another opportunity to earn on the platform through the referral system, you earn a huge referral commission when you bring someone to join the platform with any of the packages, each package has a different referral commission.
- Copper – N500
- Bronze – N1000
- Silver – N2500
- Silicon – N5000
- Gold – N10,000
- Jewel – N25,000
- Pearl – N50,000
- Ruby – N75,000
- Amber N100,000
Dessii Media Registration
Dessii Media Registration on the site isn’t so complicated, but it’s really necessary to have the below information handy is a as it might be needed of you.
- Email Address
- User Name
- Phone Number
- Contact Info
- Password
Dessii Media Login
Before you have access to Dessii Media login page, it’s obvious you must registered successfully.
To login Dessii Media only the below is needed
- User name
- Password
Is Dessii Media Legit
In ascertaining the credibility of a platform before outrightly assuming that Dessii Media is scam or Dessii Media is legit is very discreet, this makes a lot of factors even the slightest one so so important.
A legitimate Platform will have contact details on its site. If it is just a web contact form, without an address, email, and phone number you should probably be wary. Additionally, the name Monday Desmond has appeared along the line as the CEO.
I personally don’t think this platform is here to stay for long, after all no one stays forever. Their business model remains private and they can confidently close down any day due to server downtime keeping investors in the dark
The platform is already two months old and this is close to what I call the breaking point where they can just decid to crash at anytime.
Is Dessii Media Scam
Primarily, Xycinews Media contents is to give an overview of platforms and what they entails to help you decide if proceeding with them or Investing only what you can afford to lose.
- Do you think Dessii Media is scam?
- How you being defrauded?
With a lot of platforms on our desk to review for the general public, we might not be able to keep track of Dessii Media on a regular. Please help us by dropping a comment and this will help other potential investors from falling prey or proceeding to invest.
NOTICE: In as much as Team Xycinews aims to deliver a near perfect review, we have a lot of Platforms on our Log to review & a lot already reviewed. Sadly this limits us from backdating to track the status of already reviewed platforms.
Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.
Always check our article’s published date & the comment section below for users opinion. Thanks ♥️
Contents
Montek Review
According to the CEO, Montek is a reliable and Trusted Investment Platform in Nigeria to invest and get percentage of your money back.
Montek investments says they strive to be among the best providers of investment services in Nigeria delivering a diverse range of established and pioneering service.
You will get profit of 20% ROI in 7 days on your first Investment and subsequently get 80% monthly!
Only Users that have activated their account are eligible to participate in Montek Investment Programme. However you must be 18 years and above, to participate.
Montek Investment
They are introducing a 20% start up ROI to every investor with a minimum of ₦10,000 and maximum of ₦500,000 for a start.
This ROI is to be paid weekly to enable reinvestment and full commitment to members.
- 10k You get 12,000 after 7days
- 20k You get ₦24,000 after 7days
- 50k You get ₦60,000 after 7days
- 100k You get ₦120,000 after 7days
- 200k You get ₦240,000 after 7days
- 500k You get ₦600,000
20% ROI on all Investment
Montek Founder
While documenting this Montek review, I did my best to search and found no information on the founder of this platform.
I believe knowing the background record of a brand owner is a step forward into knowing how legitimate it is and the reputation of the Profile.
Montek provides no verifiable information about who owns or runs the company on its website.
Montek Withdrawal
- Login to your account.
- Ensure you have a running investment
- on the system.
- On your dashboard you will see a
- withdraw button after your investment is due for withdrawal.
- After 7 days, click withdrawal and you will be paid within 24 hours.
Montek Registration
- Login to your montek account or
- register an account if you don’t have one.
- On your dashboard, make sure you buy a coupon code.
- Click on the Vendors menu bar to buy a coupon code
- Your Coupon code automatically
Montek Login
Before you have access to Montek login page, it’s obvious you must registered successfully.
To login Montek only the below is needed
- User name
- Password
Is Montek Legit
A legitimate Platform will have contact details on its site. If it is just a web contact form, without an address, email, and phone number you should probably be wary. All genuine online platforms will be happy to help with any query.
The platform never mentioned what it does with Investors money and there is no certification on the website, it’s not worth the trust.
Is Montek Scam
Primarily, Xycinews Media contents is to give an overview of platforms and what they entails to help you decide if proceeding with them or Investing only what you can afford to lose.
- Do you think Montek is scam?
- How you being defrauded?
With a lot of platforms on our desk to review for the general public, we might not be able to keep track of Montek on a regular. Please help us by dropping a comment and this will help other potential investors from falling prey or proceeding to invest.
DeFi represents a broad category of financial applications that are being developed on top of open, trust-minimized, programmable, and censorship-resistant networks to improve upon the legacy financial system or create entirely new use-cases.
Elite Swap is Complete Fork of Uniswap With Defi Dashboard and Multichain Swap Protocol.
NOTICE: In as much as Team Xycinews aims to deliver a near perfect review, we have a lot of Platforms on our Log to review & a lot already reviewed. Sadly this limits us from backdating to track the status of already reviewed platforms.
Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.
Always check our article’s published date & the comment section below for users opinion. Thanks ♥️
Contents
Elite Swap Review
Elite Swap is a protocol for exchanging ERC-20 tokens on Ethereum. It eliminates trusted intermediaries and unnecessary forms of rent extraction, allowing for fast, efficient trading.
Where it makes tradeoffs decentralization, censorship resistance, and security are prioritized. Elite Swap is open-source software licensed under GPL.
Elite Swap is an automated liquidity protocol. In practical terms, this means there are template smart contracts that define a standard way to make liquidity pools and corresponding markets that are compatible with each other.
- There is no order book, no centralized party, and no central facilitator of trade.
- Each pool is defined by a smart contract that includes a few functions to enable swapping tokens, adding liquidity, and more.
- At its core, each pool uses the function x*y=k to maintain a curve along which trades can happen.
Elite Swap Prices Determination
Prices are determined by the amount of each token in a pool. The smart contract maintains a constant using the following function: x*y=k. In this case x = token0, y = token1, k = constant.
For each trade, a certain amount of tokens are removed from the pool for an amount of the other token. To maintain k, the balances held by the smart contract are adjusted during the execution of the trade, therefore changing the price.
Elite Swap Failure Issues
You might be trying to swap a fee on transfer or deflationary token. If so, you have to increase your allowed slippage to account for the fee taken during the swap. Click on the gear for settings and adjust Slippage tolerance accordingly.
Otherwise, if your transaction is taking forever or stuck pending the gas included might be too low and the transaction will not be processed. You probably need to speed up or cancel the transaction in your wallet.
Adding Token to Elite Swap
Elite Swap is compatible with any ERC-20 token in the ethereum ecosystem. If you want your project to be searchable in their interface you should seek to be added to a reputable token list or share a link to your token using query parameters.
Once loaded via a link, the token will be added to their interface. Another option is to open a request using github issues.
The Liquidity Provider Fees
There is a 0.3% fee for swapping tokens. This fee is split by liquidity providers proportional to their contribution to liquidity reserves.
Swapping fees are immediately deposited into liquidity reserves. This increases the value of liquidity tokens, functioning as a payout to all liquidity providers proportional to their share of the pool.
Fees are collected by burning liquidity tokens to remove a proportional share of the underlying reserves.
Since fees are added to liquidity pools, the invariant increases at the end of every trade. Within a single transaction, the invariant represents token0_pool / token1_pool at the end of the previous transaction.
Elite Swap Token
- ELT, the Elite Swap Protocol token, is live!
- ELT contract address: 0x380291A9A8593B39f123cF39cc1cc47463330b1F
- 60% of the ELT genesis supply is allocated to Elite Swap community members
- To start, ELT is available through four liquidity mining pools
Is Elite Swap Safe and Credible
Eliteswap is a decentralized exchange enabling trading between self-custodied wallets. Since the exchange lacks an order book and doesn’t hold assets, it is remarkably secure compared to traditional exchanges.
Is Elite Swap Legit
To understand why the value of a liquidity provider’s stake can go down despite income from fees, we need to look a bit more closely at the formula used by Elite Swap to govern trading. The formula really is very simple. If we neglect trading fees, we have the following:
- eth_liquidity_pool * token_liquidity_pool = constant_product
In other words, the number of tokens a trader receives for their ETH and vice versa is calculated such that after the trade, the product of the two liquidity pools is the same as it was before the trade.
The consequence of this formula is that for trades which are very small in value compared to the size of the liquidity pool we have:
- eth_price = token_liquidity_pool / eth_liquidity_pool
Combining these two equations, we can work out the size of each liquidity pool at any given price, assuming constant total liquidity:
- eth_liquidity_pool = sqrt(constant_product / eth_price)
- token_liquidity_pool = sqrt(constant_product * eth_price)
So let’s look at the impact of a price change on a liquidity provider. To keep things simple, let’s imagine our liquidity provider supplies 1 ETH and 100 DAI to the Elite Swap DAI exchange, giving them 1% of a liquidity pool which contains 100 ETH and 10,000 DAI. This implies a price of 1 ETH = 100 DAI.
Is Elite Swap Scam
Primarily, Xycinews Media contents is to give an overview of platforms and what they entails to help you decide if proceeding with them or Investing only what you can afford to lose.
- Do you think Elite Swap is scam?
- How you being defrauded?
With a lot of platforms on our desk to review for the general public, we might not be able to keep track of Elite Swap on a regular. Please help us by dropping a comment and this will help other potential investors from falling prey or proceeding to invest.
Disclaimer
This Elite Swap Review Article isn’t aimed at defaming Elite Swap nor is it targeted to promoting them.
This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.
Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this Elite Swap review.
Team Xycinews is no third party and we can’t handle any queries whatsoever.
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