This week has been a big one for the blockchain and decentralized markets… Lots of down trends continue causing fear in the markets. Solana network down for over 24 hours, Polygon has started to burn tokens on every transaction. Bitcoin tumbles taking the market with it… El Salvador is buying more!
Solana Down — https://coinmarketcap.com/currencies/solana/
Solana continues to have issues with onboarding and expanding network capabilities. The network has been down for 24 hours but the team announced it is coming back online slowly. It will take up to 1–2 days for the network to be fully functional once again.
It is still not known what issues this may have caused for transactions in place as the network went down, Solana team is to announce a full report on its finding after getting the network stable again.
Polygon Burning Token — https://coinmarketcap.com/currencies/polygon/
Big announcement from the Polygon team as testing is in place for burning of MATIC Token. This is a similar feature Ethereum added to burn tokens on every transaction.
Staking MATIC is also now open on some exchanges, more info to come soon!
Bitcoin tumbles, El Salvador is buying more!
Bitcoin is down over 40% from the all time highs reached less than 3 months ago… This has major concern for global investors as the begin to reduce risk and move to stable assets. As Bitcoin price falls it takes the whole crypto market with it. El Salvador's president has announced he and the country have purchase 400 more Bitcoin bringing the total to somewhere around 1,200 BTC in total.
BTC — https://coinmarketcap.com/currencies/bitcoin/
ETFT vs Bitcoin ETF
Exchange Traded Fund Token — (ETFT) are a group of Tokens and decentralized assets that are traded or exchanged, just as a regular Token or Coin. QWLA Token enables asset holders a lower entry price for community ownership in voting over the traded fund. ETFTs can sometimes own hundreds of different assets or securities, QWLA main focus will be the future growth of blockchain. A major benefit to ETFT’s are the freedom to send / trade anywhere with the ownership on the Ethereum blockchain. QWLA will never control where / when you move your tokens.
Exchange Traded Fund Token (ETFT) will offer lower operating costs than traditional open-end Funds, flexible control, greater transparency, and better cost efficiency in wallets / accounts. Traditional market mutual funds have offered many advantages over building a portfolio one security at a time. QWLA sees the same potential benefits in Blockchain, Crypto, and Decentralized markets.
ETFs are a traditional market feature that allows all the same benefits of an ETFT but centralized.
Traditional ETFs
- Limited access to platform you purchase from
- Difficult to move ETF asset from one platform to another
- No ability to send from one individual to another
- Impacted by traditional market hours
- Centralized
- Transactions behind the ETF are not always public
Exchange traded fund token
- Traditional ETF benefits
- No market hours
- Can be moved from exchange to exchange freely
- Can be sent from wallet to wallet freely
- Full fund trading transparency on the block explorer
- Can be held in Cold storage or on the Blockchain network
- Generally have functionality upon the network they are built
Join the QWLA Community!
Twitter — https://twitter.com/qwla_io
Discord — https://discord.gg/BYhqPhm9Vn
