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The cryptocurrency sector is no stranger to change, and Golteum (GLTM) has emerged as a formidable competitor to the industry’s major players. It has swiftly gained traction thanks to its creative metal-backed investment strategy and cutting-edge proof of reserve technology, putting it on track to surpass platforms like Arbitrum (ARB) and Stellar (XLM).
Summary
Arbitrum-Based Defi Protocol, Chibi Finance Allegedly Carries Out a $1M Rug Pull, CHIBI Plummets 98%
The decentralized finance (DeFi) space has grown tremendously in recent years. However, with its rise comes unfortunate incidents and financial casualties like rug pull. The latest victim of this incident is Chibi Finance, a DeFi yield optimizer on the Arbitrum (ARB) blockchain.
Chibi Finance allegedly carried out a rug pull that saw a staggering $1 million loss for some Arbitrum (ARB) investors. The team vanished using Tornado Crash, an Ethereum mixing service, to cover up traces of their crypto transactions.
During an investigation by Peckshield Security experts, it was revealed that 555 ether was illegally withdrawn from Chibi Finance’s liquidity pools. Users’ tokens were withdrawn and converted to ether, removing funds from the Arbitrum (ARB) network into Ethereum.
Reports also disclose that Chibi Finance’s employees vanished overnight, clearing their social media profiles and making their website unreachable. Currently, the project remains tight-lipped about these allegations, leaving affected Arbitrum (ARB) investors in distress and potential Arbitrum (ARB) investors looking for safer and more profitable crypto investments.
Stellar (XLM) Unexpected Rise From Previous Price Declines Leaves Crypto Traders Shocked
While the general cryptocurrency market is experiencing price fluctuations and unstable volatility, Stellar (XLM), an open-source blockchain protocol, shocks crypto traders by recording unprecedented gains after experiencing significant declines earlier this year.
Stellar (XLM) cryptocurrency has been on a winning streak, rising by more than 19% in the last 24 hours. According to Stellar (XLM) chart analysis, the value of the Stellar token approached a critical threshold of $0.10.
According to experts, the unexpected gains may have been triggered by the recent announcement by Coinbase, introducing stablecoin (USDC) into the Stellar network.
Currently, Stellar’s (XLM) token price is miles below its all-time high of $0.938, showing that the cryptocurrency still has more ways to go and more hurdles to overcome before reclaiming its previous stability.
Golteum (GLTM) Innovative Metal-Backed Investment Sparks Investor Frenzy in Presale
While traditional cryptocurrencies like Stellar (XLM) and Arbitrum (ARB) derive value primarily from market speculation, Golteum introduces a unique concept by backing its tokens with precious metal assets. This approach adds an extra layer of stability and tangibility to GLTM token investments, attracting investors who seek a more secure and reliable store of value.
Golteum offers investors the opportunity to trade, buy or sell fractionalized NFTs with an equivalent value as rare precious metals like gold. Golteum’s disruptive power extends beyond its metal-backed investments. The platform’s scalability, interoperability, and advanced security measures will position it as a formidable competitor.
Golteum has teamed up with Fireblocks to integrate the it’s Web3 engine and take advantage of the platform’s tokenization mechanism, risk mitigation tools, and other advanced services.
The multi-asset Web3 platform has also undergone a rigorous KYC verification and audit by Certik, a leading Web3 security team, who awarded six of the GLTM team members the Certik silver badge.
Golteum’s token presale continues to gain momentum as investors recognize the potential and value that metal-backed investments bring to the crypto industry. Currently at the second stage of its presale, with the first stage selling out almost immediately after its launch. The demand for GLTM tokens is high, as the price for the asset has increased from $0.0074 to $0.012.
Industry experts predict that holders of the GLTM token will make a 700% profit on return on investments. Now is the best time to take advantage of this exciting opportunity as Golteum is offering users a 15% presale bonus on token purchases.
According to Boston Consulting Group, the crypto market will experience a surge that will increase its market cap value to $16 trillion by 2030. GLTM offers investors the opportunity to participate in this future market, with its long-term investment potential.
For more information about the GLTM Presale:
*This article was paid for Cryptonomist did not write the article or test the platform.
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