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The Open Network (TON) has been a hub for the recent crop of gaming tokens, from the top-performing Notcoin to the recent DOGS token. However, Hamster Kombat (HMSTR) has been dumping since its launch, and DOGS burned almost 5 billion tokens this week.
With the ‘tap-to-earn’ tokens declining massively, crypto users will turn to more conventional platforms like FXGuys ($FXG), a new PropFi token, for consistent gains. The FXG project offers trading at the highest convenience.
Here's more on the new PropFi token and its use cases!
The DOGS launch in August 2024 gave out about 400 billion tokens, leaving a vast store of the token supply unclaimed from the airdrop. The initial decision was to burn all the tokens, but only 4.7 billion were burned on October 10.
According to a representative, the unanimous decision from the community was to burn some of the unclaimed tokens and donate the rest ‘to charitable causes.’ The DOGS burn event was streamed live on the official Twitter/X account, with over 100,000 viewers watching.
BeinCrypto predicted a surge to $0.00088 after the token burn, but it turns out DOGS might be all hype. The market is still underwhelming, with the DOGS price dipping by 3.29% in the past 24 hours.
The latest innovation in decentralized finance is a means to support trading-savvy crypto users who might lack the capital to trade profitably. Proprietary finance is taking over from conventional DeFi, and FXGuys is leading the charge.
What is PropFi? It is simply short for Proprietary finance, a form of DeFi where investors entrust capital to users who have shown their skills and success rate in trading. The capital goes a long way to offer such traders huge leverage when taking up market positions, ensuring that they can make massive returns from less trading time.
FXGuys will be selecting its first crop of traders from the presale Stage 4, where a simulated trading situation will be used to evaluate traders. When a trader meets the set criteria, they are on-boarded, with a chance to gain about $200,000 in starting capital.
Beyond that, once the FXGuys platform goes live, traders get 80% of their profits, while the remaining 20% goes to the investors. It’s a win-win situation where everyone goes home happy..
FXGuys is the leading project in the PropFi token space, and before you think it is a new field, PropFi has been around for a while. The sector is currently worth over $6.7 billion, and FXGuys is offering quite the deal to crypto users.
The HMSTR token was looking to reach the heights Notcoin attained in May 2024, but like most of the tap-to-earn tokens, Hamster Kombat has failed to meet the community’s expectations. The massive sell-off wave that followed the airdrop has seen HMSTR drop to about $0.0039, 70% below its ATH.
While most tokens experience price surges when they hit the big exchanges, Hamster Kombat kept plunging surreptitiously to even worse lows. Listings from OKX, ByBit, and Binance were not enough to stop the decline; the negative trend among tap-to-earn coins continues.
It's a poor price prediction for Hamster Kombat, as the circulating supply will still see significant dilution from locked tokens. With the bearish sentiments about HMSTR, the future is not looking too good.
Tap-to-earn tokens have replaced play-to-earn coins, but they do not all offer quite tangible gains yet. However, after FXGuys’ private seed sale, PropFi token opened its tokens to the general public with opportunities for impressive gains.
The $FXG token is priced at $0.03 in the ongoing Stage 1 of the public presale, increasing 100% from the previous $0.015 price. There are indications that $FXG will launch at $0.10, which opens up an opportunity for investors to take advantage of the 233% surge on the PropFi token from now on.
To find out more about FXGuys follow the links below:
Website | Whitepaper | Socials | Audit
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