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XRP, ETH and other communities are taking advantage of the Kelexo stage 2 presale to highlight its potential in the burgeoning dfi industry.
Decentralized finance (defi), a new space that is gaining popularity, has seen a rise in interest. Kelexo (KLXO), a peer to peer lending platform built using the Ethereum blockchain (ETH).
The excitement is a result of the Kelexo Stage 2 pre-sale launch, which has attracted investors. Especially those who hold established cryptocurrencies such as Ripple (XRP), and Ethereum (ETH). We will explore what is driving the influx of investors and how Kelexo can disrupt defi-lending.
Ripple and SEC
Ripple has been fighting the SEC in court for years. Ripple countered SEC’s demand for $2 billion with the claim that they should be only liable for $10 million. They cited what it saw as “ongoing intimidation by the SEC” towards the crypto industry.
Ripple’s legal fight with the SEC is a result of allegations that Ripple has raised $1.3billion through its sale, which the SEC deems to be an unregistered investment.
The disagreement continues despite a ruling from Judge Analisa Tores of New York that ruled some Ripple transactions did not violate securities laws. Ripple remains confident in an equitable resolution during the final remedy phase.
The court case has stopped the growth of Ripple as a payment processor. It is stalling faster than other solutions that institutions use to make payments using Ripple’s native cryptocurrency. Investors are still flocking into Ripple. Kelexo Stage 2 presale for potential profit opportunities.
Ethereum Price Movement and Ethereum ETP Outflows
Ethereum is currently at $3,181. It’s preparing for a possible rally. Ethereum ETPs recorded significant outflows in April of $85,000,000, but the recent movement of the price suggests that the currency is poised for a rally. This could be boosted by the 4th Bitcoin halving, and by heavy purchases from wallets believed to belong to Justin Sun.
Investors in Ethereum ETPs are selling their shares, and $34 million has been recorded as outflows in just the last week.
Bitcoin saw a $333 million increase in its inflows, likely due to the recent halving of Bitcoin’s price. Some speculate that the SEC could approve a spot Ethereum ETF by May. They believe the SEC wants to avoid any controversy surrounding the Bitcoin ETFs approved earlier this year.
Kelexo (KLXO) The Ethereum-based platform offers asset-backed, short-term lending. It is currently in the second phase of its presale. Tokens can be purchased for $0.055. Investors can sign up on the site to take part in the five-stage presale. Token prices will increase each stage.
After the presale is completed, tokens are airdropped into investors’ wallets. They will then receive 20% per week for the first five weeks of the launch. The presale is expected to be sold out in 90 days. This gives early investors a great opportunity to get involved with Kelexo, and possibly benefit from the future expansion of its market.
Ripple, Ethereum and Kelexo holders can use Kelexo to leverage their assets in multiple ways.
The lending pool allows users to earn interest by providing Ripple and Ethereum.
The user can access more capital by borrowing against existing Ripple and Ethereum assets without having to sell them.
Defi Projects: Exposure
Visit the Kelexo website to learn more. Website.
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