Many crypto investors put their earnings into the stablecoin Tether (USDT) – but presale projects Dash 2 Trade, IMPT, and Calvaria may be safer options.
Tether, which is pegged to the US Dollar, is the third-largest cryptocurrency on the market with a current market cap of $70 billion and 24hr volume regularly making it the most traded crypto as investors and traders use it to convert to other coins.
Some investors use it as a true replacement for their earnings, given the excellent staking rewards and interest on offer from a lot of exchanges, but other investors still fear a USDT crash in the same vein as Terra (UST), which wiped $40 billion from the crypto market in May 2022.
Tether recap: What is USDT?
Tether (USDT) is the largest and most trusted stablecoin in the crypto market.
Designed to mirror the price of the US Dollar, it is owned by iFinex, a Hong Kong-based company that also owns the crypto exchange BitFinex, a top 10 exchange by volume.
The ‘peg’ to a traditional currency is backed by collateral reserves that are meant to ensure stablecoins aren’t subject to the same price volatility as other speculative cryptos.
USDT was the first stablecoin and is by far the largest, bigger than the second (USDC) and third (BUSD) combined.
It has multiple blockchain support and now offers coins pegged to the Euro (EURT), Chinese Yuan (CNHT), Mexican Peso (MXNT), and even gold (XAUT) – although those have market caps a fraction of the price of USDT.
Will USDT crash like UST?
USDT has proven itself a much more robust coin than Terra (UST) did when it spiraled and wiped billions of dollars from investors’ wallets.
In fact, when UST was crashing, USDT had a brief dip to $0.98 before quickly returning to its US Dollar peg.
UST was an algorithmic stablecoin that held a relatively small return, mostly in Bitcoin, and BTC’s own fall in price made the black swan event possible as investors lost confidence in the model and created a domino effect or withdrawals
Tether has a large reserve and, at the start of October, announced that it was moving away from commercial paper and converted a billions of dollars of its reserves to Treasury Bills.
T-Bills, issued by the US Federal Reserve, now make up 58.1% of Tether’s reserves, with commercial paper accounting for less than $50 million.
However, in 2021, the parent company had to pay $60 million in fines to settle two regulatory probes that alleged it mishandled and misrepresented its reserves.
Although it appears unlikely in the near future, USDT is absolutely not immune from a UST-style crash and investors may believe it wiser to invest in coins with higher potential for big returns rather than store their earnings in a stablecoin.
Dash 2 Trade – Crypto Intelligence and Analytics Platfom for Traders and Investors
Despite the ongoing crypto bear winter that has seen top coins like Bitcoin and Ethereum lose more than 70% of their value in 2022 – and other altcoins even more – the best crypto presales have proven to provide big returns for early investors.
Early investors of Aptos, Tamadoge, STEPN, and ApeCoin all saw huge returns on investment, and Dash 2 Trade appears set to be the next name on that list.
In just two weeks since its launch, the D2T token has raised nearly $5 million in funding, with investors racing to be a part of the exciting new platform.
Dash 2 Trade will offer its users a range of data points, tools, and analysis to help them make better-informed decisions on their holdings and maximize profit taking.
There will be a range of trading tools, automated trading APIs, and a back-tester to optimize and test strategies in real-time without risking capital.
There will also be trading signals to highlight buying and selling opportunities, as well as analysis on on-chain data and social sentiment to track and highlight trends as they happen.
Dash 2 Trade is developing a bespoke scoring system to track and rank new crypto presales, giving them a score out of 100 from a range of insights to ensure investor confidence.
There will also be alerts on new crypto listings and announcements so Dash 2 Trade users do not miss the hottest new coins when they reach exchanges.
The Dash 2 Trade presale is currently in the second of nine phases and is priced at $0.05 per token.
Tokens started at $0.0476 and by the final phase they will sell for $0.0662 – a 39% increase – with 700 million of the max 1 billion supply on sale during the presale with no vesting period.
IMPT – Unique Green Protocol Fighting Climate Crisis by Offering Carbon Credits
IMPT is another presale crypto and new NFT project that is getting huge attention and buzz in the space.
Investors are excited about the project as it is offering a practical solution to a major real-world issue, the climate crisis.
It will help fight global warming by turning carbon credits into NFTs and making them fully tradeable, and by allowing its users to earn carbon credits while shopping.
Carbon credits are permits that allow companies to emit a certain amount of greenhouse gas into the atmosphere, with one credit equivalent to one tonne of carbon dioxide, and fund different conservation projects globally.
While the voluntary carbon market is currently worth only around $2 billion annually, it is estimated to reach as much as $100 billion by 2030, according to Bloomberg.
Furthermore, IMPT will also use blockchain technology to reduce fraud in the carbon credit market, with a ledger created that makes carbon credits fully transparent and trackable.
Carbon credits can be bought, sold, held or even retired on IMPT – meaning they are erased from the supply forever in return for a unique (and tradeable) NFT.
Shoppers can earn IMPT tokens for going about their weekly shop which can then be converted into credits.
The likes of Microsoft, River Island, Amazon, and LEGO have already partnered with IMPT, with retailers stating a percentage of sales to be returned as tokens.
Shoppers will, therefore, be able to make greener choices by selecting retailers with a higher percentage.
IMPT is currently in stage 2 of its three-stage presale, with 1.8 billion tokens of the 3 billion supply on sale.
There will be no vesting period tokens for sale with stage 2 tokens on sale at $0.023 each and stage 3 rising to $0.028, a 55% increase from stage 1.
Visit the IMPT Presale
Calvaria – Crypto Gaming Project that will Attract Traditional and Casual Gamers to the Blockchain
Despite the massive potential of GameFi and crypto gaming projects, that has not resulted in actual tangible results in the space.
Decentraland and The Sandbox have market caps well over $1 billion each but have been dubbed ‘empty metaverse’ with only 20,000 combined players in October.
Axie Infinity had a huge player base in 2021, but various issues – as well as a $600 million hack – have seen players move away from the game.
Calvaria is bidding to solve two major issues in the blockchain gaming space by deciding to release two versions of the flagship game Duels of Eternity.
The card-based battle strategy game, also in its presale phase, will have play-to-earn (P2E) and free-to-play (F2P) versions in a bid to attract traditional and casual gamers to their ecosystem.
Most P2E games require large investments in in-game assets such as playable NFTs or tokens to even play the game, while Calvaria developers also believe many traditional and casual gamers are put off by needing knowledge of blockchain technology.
Calvaria believes its F2P version will eliminate both of those issues and attract players to its P2E versions naturally.
First, there will be a visible tracker to show players how much they could have earned while playing and there will also be gamified educational quests to show players how to use blockchain tech.
Duels of Eternity is a battle-card game set in the afterlife that sees players need to use knowledge, timing, and skill to defeat opponents. There will be a single-player campaign mode as well as the player vs player mode.
Calvaria has already raised almost $1 million of RIA tokens and is in stage 3 of its presale. There will be 10 stages in total with the price increasing at each stage, with 300 million tokens on sale.