Why Traders See Elluminex Taking Over From Rexas Finance And BlockDAG

Why Traders See Elluminex Taking Over From Rexas Finance And BlockDAG
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Early-stage projects and presales are a great way to look for potentially very high returns. But not all presales are made equal. Here we examine three of the best presales and the pros and cons.

Rexas Finance: Niche Focus, Limited Audience

Rexas Finance is following the trend of asset managers like BlackRock’s Larry Fink, who see the tokenization of Real World Assets as one of the most bullish sectors in crypto.

While the idea is solid and no doubt will be the paradigm in which many assets are traded and fractionalised in the future, at the moment most ordinary people are not using RWAs yet.

Big institutions are looking at integrating with established companies like Chainlink to facilitate their future with RWAs.

While the idea behind Rexas Finance is appealing, allowing people to “own or tokenize virtually any real-world asset, from real estate and art to commodities and intellectual property”, the actual size of the retail market interested in RWAs is currently small, and it remains to be seen if the market will trust newer organizations like Rexas Finance as opposed to Chainlink or Ondo Finance.

BlockDAG: Innovative Mining, But Concerns Linger

BlockDAG brings a twist to mining. For those who wished they’d mined Bitcoin when all you needed was a PC with a graphics card, BlockDAG offers an answer.  

People don’t need expensive ASIC rigs or energy-intensive hardware. Instead, users can currently mine BDAG for free using a smartphone or order a (paid) compact but more efficient miner for when the project goes live. This is a similar idea to Kaspa, which has done very well.

The BlockDAG team seems solid and is doxxed which is a good sign.

The potential downside lies in tokenomics. Due to the long presale period (which is estimated to be around 1 year in total) and the ongoing mining activity (the team has recently released a tap game to allow for more pre-mining), there is a risk of oversupply.

If too many tokens hit the market at once, it could trigger significant sell pressure after launch. While the mining model is innovative, the structure raises questions about long-term price stability.

Elluminex: The Complete DeFi Package

The first thing that stands out about Elluminex is that it offers a lot more than one feature, as it is designed to be a comprehensive DeFi hub for the TON blockchain. Such as for staking, liquidity Providing, A decentralized exchange, a cross-chain bridge, an AI portfolio checker, and more. 

Although DeFi apps do exist on TON, they’ve failed to make a deep impression, with flawed user interfaces, a lack of features, liquidity, and users.

Elluminex aims to change that with a focus on usability and introducing people to all the relevant parts of DeFi. With Telegram’s 950 million active users driving TON adoption, Elluminex could be the project that bridges the gap between mainstream users and DeFi. 

Rather than targeting a niche audience or leaning on speculative mining, it’s creating a platform that appeals to traders from all backgrounds and interest levels.

The presale pricing also adds to its appeal. At just $0.06 in its first stage and with a market cap of $21 million, Elluminex offers substantial upside for early market players. Unlike BlockDAG, which risks oversaturation, or Rexas Finance, which may struggle to expand its user base, Elluminex seems to be striking a balance between innovation and accessibility.

For more information about Elluminex (ELX) visit the links below:

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