The DTX Exchange presale is creating quite a buzz by raising $3 million, thanks to its game-changing rebate program. This unique initiative has caught the attention of significant whales, including those holding Chainlink (LINK) and Avalanche (AVAX).
With the potential for significant savings, investors are flocking to the presale to gain a strategic advantage. Are you curious to know why this presale is making headlines? This article will discuss how the rebate program works and why LINK and AVAX whales are interested.
Bedrock’s security breach and Chainlink: What happened and how it’s being fixed
On September 27, Bedrock, a platform that helps people earn rewards by staking their crypto, had a security problem that affected $2 million. This issue mainly happened in a pool on Uniswap, where hackers found a weakness in one of Bedrock’s smart contracts, called uniBTC. They used this to create 30.8 fake uniBTC and trade them for real Bitcoin in the pool.
Bedrock identified 125 hackers, but luckily, the problem was only with the uniBTC contract. Other assets like uniETH and uniIOTX were safe.
To fix this, Bedrock is now working with Chainlink, a system that proves they have enough reserves (money) to back up all the uniBTC. Bedrock promises that every uniBTC can be exchanged for real Bitcoin at 1:1, so users’ investments are safe.
Bedrock will soon allow people to withdraw their staked assets easily and will work with others to restore liquidity in exchanges. To prevent this from happening again, they plan to conduct more security checks, monitor their systems constantly, and even create a special security fund and reward program for anyone who finds future bugs.
Chainlink started in 2017, is a technology that helps blockchains connect with outside information. This is important because blockchains usually can’t get data from the real world alone. Chainlink uses a network of “oracles” to bring in data like weather reports, prices, or payments, which smart contracts need to work correctly.
Chainlink is supported by a large community, including developers and researchers. Their goal is to ensure that anyone can help run the system fairly and decentralized.
Avalanche’s significant upgrade and $40M reward boost developer interest
The Avalanche (AVAX) network was upgraded with the new Avalanche 9000 development. This upgrade brings new tools and improvements to help the network grow and handle more users. Because of this, many Web3 developers are joining Avalanche to take advantage of the latest opportunities.
Avalanche (AVAX)’s Retro9000 program also offers a $40 million reward to any developer who creates a new blockchain on the network, making Avalanche (AVAX) more popular.
Currently, Avalanche (AVAX) is priced at $29.68 after increasing by 5.61% in one day. Its trading volume has also increased by 56% in the last 24 hours, showing that people feel very positive about it. If this trend continues, Avalanche could reach $33.42 soon.
DTX exchange set for 10x growth with AI and Innovative features
DTX Exchange (DTX) is one of the best-performing new projects. Experts think its token price could increase by 1,000% in the next few months. DTX Exchange is a new trading platform that is changing how people trade by adding cool new features. It has already raised over $3.29 million and its price has grown by 200% to reach $0.06.
The platform uses a mix of technologies, including AI, to solve problems like high fees and slow transaction speeds that older exchanges have. Built on the Ethereum network, DTX lets users trade cryptocurrencies, stocks, forex, and more.
Traders can also access over 120,000 assets from a market worth $714.7 trillion, all from one platform, which makes it super convenient. Experts think DTX Exchange will get much attention and might become the most popular trading platform. That’s why they believe its price could go up ten times by the end of the year.
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