Ethereum unlocked the power of DeFi, but trading on ETH comes with downsides and risks, we find out more about where Ethereum is headed and how Elluminex is offering an AI-based solution on a newer blockchain, to bring a fresh audience into crypto, safely.
How Ethereum’s Success Paved The Way For TON
Ethereum is a major player in DeFi, with over 60% of crypto’s total TVL locked on ETH and many layer 2 blockchains built on top of it. While Ethereum is the second largest crypto by market cap, many crypto fans have been calling it the ‘sick man of crypto’ due to its relatively disappointing performance relative to Bitcoin.
As the founder of DeFi, Ethereum isn’t going anywhere. But the ever-growing number of blockchains points to the fact that people are still looking for better, cheaper, faster, and easier ways to trade crypto and take part in decentralized finance.
And for those who haven’t used crypto before, onboarding to the blockchain can be confusing or even too difficult.
One blockchain that has learned lessons from Ethereum, is the TON blockchain. TON runs alongside Telegram messenger which has close to 1B users. This means that it is (or should be) easily usable for the ordinary person to use crypto.
However as TON is so new, the blockchain lacks a safe hub (such as Uniswap on Ethereum) that everyone can go to for all their crypto needs, whether it’s buying, selling, trading, staking, or making decisions about their portfolio. This exposes people to risks such as hacks, confusion, and poor choices.
Elluminex Combines AI And Safety For Crypto Traders
The Elluminex team has come from a variety of tech backgrounds including Fantom and Google, and has considered the benefits and limitations of the TON blockchain as it currently stands.
Their idea is that building an ‘all in one hub’ such as Uniswap (but with even more features) will make using TON safe and help to keep users free from phishing links or other risks. They will also release an education academy to help people understand everything from safety to portfolio risk management.
The ELX team recognizes, though, that not everyone has time to learn everything, which is why they are introducing an AI portfolio tracker. This tracker will help people manage financial risk by offering to rebalance assets or make suggestions to improve people’s overall portfolio strength.
As the AI never sleeps, it can watch the market for people, 24hrs a day. This means that both new and experienced traders can relax at night, knowing that even if there is a huge market fluctuation, they are protected.
Elluminex is a DEX and more, in the making. The project is currently in presale, offering the chance for people to get involved at a very early stage, in return for a very low coin price.
As the new US president ushers in a pro-crypto era, and the buying pressure from the crypto ETFs continues, crypto is going to continue to gain attention in the public eye. Given Telegram’s huge audience, ELX and TON could be perfectly situated to rise substantially.
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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