Beloved Shiba Inu dog Kabosu has passed away in its sleep after dominating the meme sector for over a decade as the face behind Dogecoin (DOGE). The crypto community is mourning the death of Kabosu as the dog had inspired the rise of several other meme coins aside from Dogecoin (DOGE).
At the same time, many in the crypto community are excited about an Ethereum (ETH) token ETFswap (ETFS), whose presale event is promising early investors automatic yield. Let’s see how that is possible.
ETFSwap (ETFS): A Unique ETF Trading Platform
ETFswap (ETFS) is a crypto ETF trading platform that introduces a unique method of trading exchange-traded funds (ETFs) through the tokenization of assets. The tokenized version of the ETF will directly represent its traditional counterpart on the blockchain, giving room to closely monitor the assets before making any investment decision.
The ETFs will be available for trading on a Web3 marketplace equipped with 24/7 liquidity and trading tools, which will assist traders in making the best use of the assets. One such trading tool is the ETF Filter, which will help investors save time by narrowing down their ETF choices when they apply specific parameters like asset classes, regions, and fund domicile.
However, knowing which parameters to use could be hard without adequate knowledge about ETFs. That is why ETFswap (ETFS) will also introduce the ETFswap Screener, a crypto ETF index whose function is to educate users on exchange-traded funds and how to classify them accurately.
At the center of ETFswap (ETFS) is its native token ETFS, a standard ERC-20 and deflationary token that will serve the purpose of utility, unlocking all the unique features on the platform, including trading tokenized ETFs.
The token will also give holders voting rights to participate in the network governance. As the key to its ecosystem, ETFswap (ETFS) currently offers ETFS to all in the crypto community at a low price of $0.00854 per coin in its stage 1 presale event. By stage 2, the token price will briefly increase to $0.01831, resulting in automatic profit for all stage 1 investors. Further experts speculate that ETFS will soon surge to the $3 mark after launch and listing.
Crypto Market Mourns Kabosu, The Shiba Inu Dog Behind The Dogecoin Logo
Japanese Shiba Inu dog Kabosu passed away at the age of 18 on May 24, 2024, in its sleep from liver disease and leukemia, as reported by its owner, Atsuko Sako, on her blog Kabochan. Kabosu was first diagnosed with the illness in 2022 and has been struggling with it ever since.
Sako had adopted Kabosu from a puppy mill in 2008, and in 2010, she took a picture of her pet spreading its paws on a sofa chair. She initially posted the photo on her blog, but it reached a Reddit forum where it became a meme circulated from office email chains to college dorm rooms. Eventually, the picture of the Shiba Inu dog became an NFT artwork and sold for $4 million, but more interestingly, it served as a stepping stone to the rise of Dogecoin (DOGE), the 8th most important cryptocurrency in the crypto market.
However, Dogecoin (DOGE) founders started it as a joke, a payment system with no serious value, but it eventually evolved into a token with several use cases. Dogecoin (DOGE) has received backing from musical artists like Snoop Dogg and world-renowned billionaire Elon Musk, who has been its biggest fan. Last year, Elon changed the face of Twitter, now rebranded to X to the Dogecoin (DOGE) icon. Also, in April 2024, its EV maker company Tesla officially integrated DOGE as the payment option on its website.
In November 2023, an organization dedicated to Dogecoin (DOGE) unveiled a $100,000 statue of Kabosu and her sofa at a park in Sakura, Japan. Further, Dogecoin (DOGE) cofounder Billy Markus, known on X as Shibetoshi Nakamoto, has paid tribute to Kabosu in an X post on the day the iconic Shiba Inu dog passed away.
Conclusion
The death of Kabosu caused grief for many in the crypto community, but ETFswap (ETFS) offers consolation with its presale event, which promises automatic yield on investment and its unique method of trading ETFs.
For more information about the ETFS Presale: