I did some research about Venmo's big crypto announcement. I'm sharing it with my user frens before it moons like you've never seen a coin moon.
ETH Denver uncovered ETH enterprise liquidity projects.
Kyber tweeted the top 5 projects working with kyber @ETH Denver:
#1 is Totle:
See this tweet by Kyber:
twitter.com
2 MAJOR PROBLEMS for Venmo to use crypto:
1) ETH and ERC20 liquidity
(How does $10B enter the market and buy crypto?)
2) ETH and ERC20 transaction fees (they are insane right now)
There is a new aggregator called Totle that works with all major dexes AND is reported to have fiat onboarding (Venmo?).
The Totle protocol does not have its own token. This protocol has been integrated for ALL major ETH/ERC20 liquidity dexes from Kyber to Compound.
So, here's the gem. Wait for it...
The Totle protocol has adopted
GAS TOKEN (GST2) to substantially reduce ETH gas fees.
GST2 is available on uniswap and has a $480k marketcap. The price has been steadily increasing in the weeks leading up to (insiders knew) and then spiked immediately upon the Venmo and PayPal announcements 3 days ago.
GST2 is also used by several other popular aggregators and dexes (1 inch exchange, even though they have chi. Gst2>chi). Get ready for the solution to gas wars when $billions pour into crypto from Venmo and PayPal.
