Unexpectedly, Donald Trump’s U-turn on cryptocurrency has influenced the crypto market. Investors on the fence are now pulling their money into cryptocurrency. As new investors, their point of entry into the market is through tokens at presale and protocols doing pre-launch market activities.
This is why the Kelexo (KLXO) protocol has recorded a jump in investment in the last few days. With this happening, Tether (USDT) and Ripple (XRP) holders have joined the ship. They are also buying into the protocol amidst its potential 10x gains for ROI.
Tether (USDT) is a stablecoin pegged to the US dollar. With 1 Tether (USDT) equivalent to $1, the token has gradually become a crypto trader must-have. As of writing, there are about 97.9 million Tether (USDT) in the market and its total market cap sits at $97.9B. Tether (USDT) is ranked #3 in the market, just below Bitcoin (BTC) and Ethereum (ETH). It is no wonder that Tether (USDT) holders are buying into the Kelexo (KLXO) presale.
With the Ripple (XRP) hack case still unsolved, its investors are looking to jump ship. In the last seven days, Ripple (XRP) daily trading volume has dropped to $606M per day. With this reduction, the Ripple (XRP) token has seen a 2.6% drop in market value. As of writing, Ripple (XRP) now has a total market value of $29.6B and is ranked #7 by market capitalization. News has it that about 400 million tokens of Ripple (XRP) have been locked from escrow to battle the theft and a price increase could be witnessed in the next few days.
Kelexo (KLXO) is a crypto lending protocol. Its native token, also known as Kelexo (KLXO), will be the primary token for all transactions on the platform. But other tokens will be allowed on the platform than the Kelexo (KLXO). One of the selling points of Kelexo (KLXO) is that the platform will come with a token swap mechanism that will cost users $0.
The Kelexo (KLXO) owners have mentioned that this feature will come at a zero commission fee. Another benefit of Kelexo (KLXO) is that the platform will charge one of the lower fees regarding token interests. With the removal of brokers and the need for guarantees, borrowing tokens on Kelexo (KLXO) will be very cheap and optimal transaction security will be guaranteed. Also, transactions will be as fast as they can be on Kelexo (KLXO).
Once a user requests a token or a withdrawal of their fund, Kelexo (KLXO) will carry out the transaction instantly. This feature is a unique benefit for all its users, as traditional websites make users wait for 3-5 business days.
Find out more about the Kelexo (KLXO) presale by visiting the website here.
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