DTX Exchange (DTX) Emerges as a Haven for Investors Amidst Market Correction, Stuns Experts With 300% Gains in Two Months

Avalanche (AVAX) has recovered from the recent bearish market trend and is trading near the $30 psychological. At the same time, Cardano (ADA) is still trading near the 52-week low.

As both Avalanche (AVAX) and Cardano (ADA) continue to face bearish sentiments in the long term, investors are seeking other opportunities. Among them is DTX Exchange (DTX), which has seen a 300% increase in the last two months.

Avalanche (AVAX) Foundation to Buy Back Tokens Sold to Luna

The Avalanche (AVAX) Foundation is set to repurchase 1.97 million AVAX tokens that were sold to the Luna Foundation Guard (LFG) in April, just before the Terra blockchain collapsed. According to the agreement, Avalanche (AVAX) will buy back these tokens for $45.5 million, despite their current market value being $57.4 million.

This sale was initially intended to bolster TerraUSD’s reserves. However, following the Terra ecosystem's collapse, these tokens will now be returned to the Avalanche (AVAX) ecosystem. This buyback is expected to reduce AVAX’s circulating supply, which could increase demand and drive up the price.

Meanwhile, institutional adoption of Avalanche (AVAX) is also expanding. Colombian neobank Littio has announced its migration from Ethereum to Avalanche (AVAX).

Cardano (ADA) Hosts First Legally Binding Contract in Argentina

Cardano (ADA) recently witnessed its first legally enforceable contract, which was signed in Argentina under its legal jurisdiction. This contract, which is a loan agreement, was signed between Cardano (ADA) ambassadors Mauro Andreoli and Lucas Macchia.

As part of this agreement, Andreoli loaned 10,000 Cardano (ADA) tokens (valued at $3,380) to Macchia, who agreed to repay the loan within four months at a 10% interest rate.

Both parties had the contract notarized, detailing the network used, transaction ID, and wallet addresses. Additionally, their names, identity numbers, and addresses were included in the document.

This development showcases the practical application of Cardano (ADA) smart contracts in simplifying commercial transactions by streamlining legal procedures.

Investors Flock to DTX Exchange’s Staking Feature

DTX Exchange (DTX) has garnered attention from several experts, who anticipate it to be among the top projects of 2024. The platform combines aspects of both centralized and decentralized exchanges, reducing fees and eliminating central governance.

This approach has already resonated with investors, generating high demand during the early presale phases. However, the introduction of a staking feature has doubled the interest in DTX Exchange.

The exchange allows users to earn up to 15% APY by staking their digital assets for a set period. This provides an accessible method for increasing holdings while contributing to the network's security and maintenance.

DTX Exchange is creating a unified Layer-1 blockchain that integrates TradFi and De Fi products, merging the best of both worlds. This all-in-one platform will facilitate trading across over 120,000 asset classes, paving the way for mass crypto adoption.

Furthermore, DTX Exchange boasts advanced trading features such as 1,000x leverage, distributed liquidity pools, non-custodial wallets, and no KYC requirements. These tools aim to simplify trading and assist users in securing substantial profits in the volatile crypto market.

DTX has had a strong start to October, showing impressive price appreciation during its ongoing presale. So far, the platform has raised $4.6 million, with DTX tokens priced at $0.08. After the launch, experts predict the price could reach $1.

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