Bitcoin (BTC) infrastructure giant Blockstream has revealed a successful $210 million funding round spearheaded by Fulgur Ventures. This significant capital injection will drive advancements in Layer-2 Bitcoin solutions. Blockstream plans to channel some funds into strengthening its mining infrastructure and securing direct Bitcoin acquisitions.
But, based on its press releases, these objectives are of secondary importance. Meanwhile, a new project featured among the top initial coin offerings list is making a strong advancement in the market. FXGuys ($FXG) presale has been a sensation, promising significant profits to crypto traders acquiring the token.
In this article, we’ll explore what drives FXGuy’s impressive presale results and why Blockstream raised $210 million for Bitcoin layer-2 development.
Bitcoin (BTC): Blockstream’s Fundraising Drive
On October 15, Bitcoin infrastructure company Blockstream concluded its latest convertible note financing round., They secured $210 million, with Fulgur Ventures leading the effort. The newly raised capital will be directed mainly toward Layer-2 development, enhancements in mining infrastructure, and direct Bitcoin acquisitions.
The two additional objectives, mining infrastructure upgrades and direct Bitcoin purchases are secondary goals that have received little attention. So far, the company’s media communications have consistently emphasized the L2 projects as the primary focus. This leaves details on the secondary goals largely unclear.
FXGuys ($FXG): Vesting Strategy for Long-Term Value
FXGuys’ presale is already proving its strength as a promising altcoin to buy before the next bull run. During its private funding round, it raised over $1,000,000, with all 68,000,000 $FXG tokens sold out. Now, FXGuys is in stage one of its presale, offering an exciting opportunity for early investors looking for the top initial coin offering list.
At $0.03 per token, $FXG presents a chance for substantial profits, with plans to up-list at $0.10 upon public launch. This affordable presale price makes it an attractive entry for those interested in cryptocurrency trading for beginners. To protect against market fluctuations, FXGuys will release $FXG tokens in two phases following the presale.
The vesting period spans two months, with 50% of the tokens released on the 15th of each month. This approach ensures a gradual introduction into the market. This measured release will stabilize the token’s price and benefit the community by avoiding high gas fees and promoting a strong floor price.
FXGuys ($FXG): Building a Self-Sustaining Ecosystem
FXGuys’ unique staking mechanism empowers token holders to participate in a self-sustaining ecosystem. Unlike many tokens where holders wait for price appreciation, $FXG allows holders to benefit immediately through multiple avenues. Traders can participate in trading challenges with the potential to manage a funded account worth up to $500,000.
Traders who stake their tokens can receive up to 20% of the annual profit from trading volume. This profit is divided among the staking pool based on each user’s share. Traders interested in cryptocurrency trading for beginners will find this feature appealing.
Conclusion
Despite Blockstream raising funding for Bitcoin for layer 2, FXGuys has made waves as the promising altcoin to buy before the next bull run because of its presale success. With its innovative staking mechanism and strategic vesting schedule, FXGuys is set to deliver strong profits. Get on the platform by purchasing the token via the website.
To find out more about FXGuys follow the links below:
Website | Whitepaper | Socials | Audit
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