The Securities and Exchange Commission (SEC) chair has announced that spot Ether ETFs are expected to receive full approval by September. This development will allow spot Bitcoin and Ether ETFs to be accessible to institutional investors once they are approved for trading on authorized exchanges.
In addition to this news, a new project called Solciety is set to launch its presale in four days, which will last for a period of 30 days. Solciety is a unique PolitiFi meme coin that aims to be the first political party of degens, pegged to the real-world currency of attention.
Solciety offers the Meme Campaigner tool, allowing users to create their own meme coins with various customization options. Users can earn points by sharing memes on Twitter, with the top ten users receiving presale tokens. The funds raised from the presale will be used to develop new tools such as Solciety’s AR, an Augmented Reality tool for viewing meme creations in the real world.
The Solciety tokenomics reveal that the presale will consist of ten stages over 30 days, with early investors benefiting from a discounted price in the first stage. The price of the SLCTY token will increase every 72 hours, providing early investors with a 125% price surge before the presale concludes.
Solciety is a Solana-based meme coin that could gain significant traction in the PolitiFi ecosystem. With its focus on utility and content creation, Solciety aims to stand out among other meme coins by promoting quality content and supporting the Degen movement. The project’s unique features and potential for growth make SLCTY a coin to watch as it launches on exchanges.
As the crypto ecosystem continues to evolve and attract institutional investors, projects like Solciety offer new opportunities for retail investors to engage with meme coins and decentralized finance protocols. With its innovative approach and focus on user participation, Solciety could become a leading meme coin on the Solana blockchain and beyond.