Holders of Toncoin (TON) And Polkadot (DOT) Are Eagerly Participating in The Highly Anticipated Zig Network Presale
This content is provided by a sponsor
/Zig Network/ – Toncoin (TON) and Polkadot (DOT) are some of the largest DeFi communities. But despite the resilience of these DeFi ecosystems, it is intriguing to observe a growing interest by Toncoin and Polkadot token holders in the recently launched Zig Network (ZIG) presale.
Are they on to something? While it might be a bit early for any conclusive predictions, it is obvious that the Toncoin (TON) and Polkadot (DOT) communities are participating in huge numbers in this presale.
There could be several reasons behind this;
Polkadot (DOT): Sluggish Price Action
After hitting a high of $11.54 in March driven by the momentum from the approved Bitcoin Spot ETFs and upcoming Bitcoin halving in April, the price of Polkadot (DOT) has been on a downtrend and is now seen to be struggling to make it well past the $4 mark.
The developers of Polkadot (DOT) are however not letting these downturns keep them down. Recently, Polkadot (DOT) replaced its old auction system with another called Agile Coretime which is more flexible in project management. This implementation is part of its tree-step upgrade to Polkadot 2.0 which seeks to be a more powerful platform for the development of web3. So, as investors await the bull run to $7, Zig Network (ZIG) sits as a lucrative venture.
Toncoin (TON): Steady, But Slow
Toncoin’s (TON) integration with Telegram has boosted its user base and adoption, with tap to earn games seamlessly onboarding more people into crypto. But much as the general price action of Toncoin (TON) has been positive, it sure does not come without minor corrections, from time to time. It is currently trading at $5.21, down 36.9% from its all-time high of $8.25 in June 2024. This type of price action partly explains why Toncoin (TON) holders are optimistic that Zig Network (ZIG) could be a better horse in the upcoming bull run.
Zig Network (ZIG): The Next Big Thing in DeFi
Zig Network (ZIG) is positioning itself to be a unique Layer 1 based on an inclusive revenue-sharing model. This nascent project provides rather interesting criteria for its staking reward mechanism. Whether a participant has a lot of capital to allocate or they are seeking minimal exposure, Zig Network’s (ZIG) VIP staking caters to all of them.
The VIP model is divided into three tiers based on the amount of capital allocated; the first level has a minimum investment requirement of $10,000 and a 10% staking reward, level 2 has $50,000 and a 12% staking reward, and level 3 has $150,000 with a 14% staking reward, making Zig Network (ZIG) an attractive incentive for a diverse range of investors.
The icing on the cake is that early investors are set to benefit from price appreciation given that the current presale price of ZIG tokens is $0.01. This could partly explain why Toncoin (TON) and Polkadot (DOT) holders are all queuing up to participate early enough.
Disclaimer: This publication is sponsored. Coinspeaker does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or other materials on this web page. Readers are advised to conduct their own research before engaging with any company mentioned. Please note that the featured information is not intended as, and shall not be understood or construed as legal, tax, investment, financial, or other advice. Nothing contained on this web page constitutes a solicitation, recommendation, endorsement, or offer by Coinspeaker or any third party service provider to buy or sell any cryptoassets or other financial instruments. Crypto assets are a high-risk investment. You should consider whether you understand the possibility of losing money due to leverage. None of the material should be considered as investment advice. Coinspeaker shall not be held liable, directly or indirectly, for any damages or losses arising from the use or reliance on any content, goods, or services featured on this web page.
