CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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D2T crypto presale update: Dash 2 Trade analytics platform fund raise reaches Phase 3

By Alara Jordan

12:55, 7 November 2022

Digital token Dash 2 Trade
By 7 November the token had raised $5.5 million1 out of the $8.76m planned for the third presale phase – Photo: Shutterstock

D2T, the native token of social crypto trading platform Dash 2 Trade, has raised almost $5.5m in total presales in just three weeks of its presale going live to the public.

Dash 2 Trade confirmed via Twitter on 7 November that the second phase of its presale had officially sold out, and that the platform was now moving onto phase three. The price of 1 D2T currently equals 0.0533 USDT.

As of writing, the token has raised $5.49m out of the $8.76m planned for the third presale phase. D2T raised more than $500,000 in just 24 hours of the presale, and passed more than $2m in its first week of presale.

Accoprding to its whitepaper, D2T aims to become a “world class crypto analytics and social trading platform” with unique features such as trading signals and social metrics in order for users to take advantage of all the opportunities within the crypto market.

Its platform includes features such as a strategy building tool, a feature that allows users to curate their trading strategies and formulate new approaches, as well as trading signals that provide buy and sell opportunities within the market.

SOL/USD

181.07 Price
-1.890% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.2652

ETH/USD

3,449.98 Price
-1.630% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

DOGE/USD

0.14 Price
-2.080% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872

XRP/USD

0.61 Price
+1.890% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

The D2T token will launch as an ERC-20 token on the Ethereum Network, and provide traders with real-time and actionable market data and insights. The platform will also benefit from a 0% tax forever feature, which D2T claims is part of its core value proposition. 

It said: “We believe that the barrier to entry and exit into the Dash 2 trade ecosystem should not have a cost imposed on it, and so tax will never be charged to our community.”

On 2 November, Dash 2 Trade confirmed its first listing, with the token available on the LBank Exchange.

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that Capital.com believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

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