Over the last few months, President Trump has become a massively important figure in crypto, with the promise that his mandate will elevate the digital asset space to unseen heights. In the first days of his presidency, he kept his promise by signing an executive order, ushering in a 180-degree regulatory overhaul to encourage crypto development and adoption.
Furthermore, his crypto fund World Liberty Financial has already amassed a 9-figure portfolio, which comprises many of the majors, including Bitcoin, Ethereum, and Chainlink.
In this unprecedentedly favorable climate, Toncoin is poised to experience a rally for the ages, as a series of crucial developments have created a catalyst for massive growth. The release of the Elluminex DEX on Toncoin in particular, could funnel millions upon millions of revenue back into the TON ecosystem and supercharge its adoption exponentially.
Elluminex — The Revolutionary DeFi Solution On Toncoin
Elluminex is set to tap into the 950-million-strong Telegram userbase which Toncoin seamlessly interfaces with. As the first dedicated DeFi platform built on TON, Elluminex presents a 360-degree cross-chain framework that could be the last decentralized exchange users will ever need.
Elluminex ensures superior interoperability and frictionless transactions between all major blockchains, including Bitcoin and Ethereum. As the platform aggregates liquidity from the different chains, users will enjoy greatly reduced slippage, fees, and waiting times.
In a world where personal data is commodified, Elluminex puts an emphasis on privacy and security. The platform doesn’t require a KYC verification, removing any possibility of data leaks, which has been one of the biggest cruxes of centralized exchanges. Moreover, as a non-custodial exchange, Elluminex is intermediary-free, with users retaining complete autonomy and control over their assets.
The $ELX utility token will power all processes within the ecosystem and grant access to various features, which include governance and staking rewards for up to 18% APY. Furthermore, users will have access to an over-the-counter platform for undisclosed TON-based projects, enabling them to secure token allocations at preferential prices.
With the bull cycle ramping up, $ELX launches at an ideal time, as most established projects have already rallied and traders are on the lookout for projects with untapped potential.
Telegram Bets Big On Toncoin
Telegram has topped headlines over the past few days, as it announced that Toncoin will become its exclusive blockchain infrastructure, requiring all Mini Apps with cryptocurrency features to migrate by February 2025. The decision aims to streamline operations, enhance security, and reduce scams by centralizing blockchain activities within the Toncoin ecosystem.
This news comes shortly after Toncoin revealed the v2024.10 update, which introduces enhancements to data management and network security, improving system efficiency and scalability. Notably, this update aligns with Telegram’s recent announcement to exclusively adopt the TON blockchain, potentially boosting Toncoin’s relevance and demand within the crypto ecosystem.
At the time of writing, Toncoin’s price continues to move within its trading range around the $5.15 mark. Toncoin appears to have stabilized after the intense selling pressure that saw it lose over 7% in value in the last week. Speculators remain bullish on Toncoin, especially after the Telegram news and the upcoming release of the Elluminex DEX, which could kickstart a major TON rally, just like Uniswap did for Ethereum and PancakeSwap did for BNB.
$ELX Presale Achieves Viral Status With Over $300,000 Raised
Stage 1 of the $ELX presale has kicked off and tokens are selling for just $0.06. This marks the ideal price point for investors who want to capitalize on the Elluminex revolution and the exponential growth of the DeFi narrative.
For more information about Elluminex (ELX) visit the links below:
Website: https://elluminex.com/
Twitter/X: https://x.com/elluminex
Telegram: https://t.me/Elluminex
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