DTX Exchange (DTX) announces a rebate system meaning that early investors will receive 1% of an approximate $1 million profit share fund. And that’s per day, not per year or lifetime of the project. Polkadot (DOT) and Litecoin (LTC) closely mirror the recent price swings of Bitcoin (BTC), as their recent offerings fail to bring any real added value to their ecosystems.
DTX Exchange embodies the ethics of web3 with a 50% profit share model
Airdrops might be all the rage, but some are saying they are ‘so 6 months ago’. Which is about 3 years in crypto time. DTX Exchange, currently in presale, has responded by rewarding their presale backers in a generous ‘rebate system’.
The rebate system is like a profit share. The team estimates they will generate about $175,000,000 in revenue per day. While the exchange will not charge commission on trades, they plan to generate revenue through spreads, withdrawal fees, listing fees, staking fees, and margin trading.
They calculate their profit will be around 2 percent of the revenue – a total of $1.75 million. Of that 2 percent, they will give half to their presale investors.
Eligibility depends on the amount of tokens held, with the lower tier starting at 250,000 tokens, and the highest tier at 20,000,000 DTX tokens. Given that the current price of DTX is $0.04, those investing now should invest $10,000 to be eligible for a share of $30,000 in rebates.
Those in the highest tier will benefit by receiving daily rewards from a pool, which, at the current token price, is worth $1.48 million annually, and at the launch price of $0.12 would be worth an impressive $3 million.
According to their Telegram, investors who want to take part should contact the team as soon as possible, as spots are limited.
Investors making their first purchase are eligible for a 25% discount meaning that this could be a clever way to get into the rebate system with slightly less capital.
DTX is up by 200% since the start of the presale.
Conflicting data confounds Polkadot (DOT) investors
According to ‘The Block’ the Layer 0 Polkadot (DOT) saw a drop in users in July – close to the lowest levels seen all year. Bad news when crypto is in the middle of a bull run.
But according to Polkadot’s Subscan, daily active users (DAU) have increased by 19.21%, and on-chain volume has reached record highs. So who do we believe?
Whatever you think of the data, in a world where innovation is key, Polkadot (DOT) appears to be falling behind. What once seemed like a great project – scalable parachains and interconnectivity – now seems like old news.
Many newer Ethereum-based blockchains are solving the scaling and interoperability problems in more innovative ways.
As a result, the price of Polkadot (DOT) does little but follow the price of Bitcoin. But with one caveat – it has underperformed BTC dramatically. From an investing perspective, there’s no reason to invest in altcoins that underperform Bitcoin, since the money is safer in crypto’s ‘Digital Gold’.
And to many, Polkadot (DOT) can do nothing right. A month ago they were criticized for their extravagant spending on influencers, paying for private jets and other things. They defended themselves saying that other chains are doing it too, but behind closed doors. Meanwhile, other users are complaining that Polkadot’s marketing efforts are going unnoticed.
However, in recent news, Polkadot (DOT) is offering a wide range of grants for developers so this may increase interest and token price.
From a technical analysis perspective, Polkdot’s price is in a falling wedge pattern which TA expert Captain Faibik sees as bullish and could precede a 2x gain. However, unless Polkadot (DOT) can break through the resistance level of $6, most investors will be looking elsewhere.
Polkadot (DOT) is up 2.4% on the yearly, as opposed to Bitcoin which is up 118% on the yearly.
Litecoin (LTC) price is hampered by the volunteer system of development
For many, the only reason Litecoin (LTC) still has relevance, is its age and its positioning as the ‘Digital Silver’ to Bitcoin’s ‘Digital Gold’.
Fans of Litecoin (LTC) tout its decentralized nature, speed, and low transaction fees as key benefits. But like Polkadot (DOT), many other newer chains beat Litecoin (LTC) in speed, fees, and innovation.
And unlike Polkadot (DOT), Litecoin (LTC)’s development is done by volunteers. That’s great for the open and decentralized ethics of web3 but not so good for incentivizing blockchain developers to put their limited resources into the project.
Along with wider drops in the crypto market, Litecoin (LTC) fell as low as $66.89 earlier today, before rebounding but then rejecting the $70 psychological barrier, and falling again.
Litecoin (LTC) is down 24% on the yearly.
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