The Securities and Exchange Commission (SEC) chair, Gary Gensler, recently announced that spot Ether ETFs are expected to be fully approved by September. This approval will allow spot Ether ETFs to start trading on approved exchanges, making them available to institutional investors. This development comes as the crypto ecosystem continues to evolve and attract more institutional interest.
In addition to this news, a new project called Solciety is set to launch its presale in four days, running for only 30 days. Solciety is a PolitiFi meme coin that aims to be the first political party of degens. Unlike traditional meme coins, Solciety is pegged to the real-world currency of attention and aims to spread the degen gospel across social media platforms.
Solciety will offer the Meme Campaigner tool, allowing users to create their own meme coins with various traits, backgrounds, and fonts. Users can earn points by sharing memes on Twitter, with the top ten users earning presale tokens. The funds raised from the presale will go towards developing new tools such as Solciety’s AR, which will allow users to view their meme creations in augmented reality.
The SLCTY token presale will run for 30 days with ten stages, offering early investors a discounted price in the first stage. The token price will increase every 72 hours, giving early investors a potential 125% price surge before the presale ends. The tokenomics of Solciety allocate 30% of the supply to early investors, with additional percentages going towards marketing, community rewards, and liquidity.
Solana has become a popular blockchain for meme coins and DeFi protocols due to its transaction speed, security, and transparency. Solciety, being a Solana-based meme coin, could attract significant attention in the booming PolitiFi ecosystem. With its focus on user utility and content creation, Solciety has the potential to become a leading meme coin on the Solana blockchain and beyond.
Overall, the approval of spot Ether ETFs and the launch of Solciety’s presale are significant developments in the crypto space. Institutional investors now have more opportunities to invest in crypto assets, while retail investors can participate in innovative projects like Solciety. As the crypto ecosystem continues to evolve, projects like Solciety are pushing the boundaries of what meme coins can offer to users and investors alike.