Key takeaways

Exchange-traded fund-focused firm 21Shares has filed for a spot Polkadot ETF with the U.S. Securities and Exchange Commission (SEC). This is the first spot Polkadot ETF application with the regulator as asset management firms file for more altcoin ETFs.

Following the SEC’s approval of spot Bitcoin and Ethereum ETFs last year, asset management firms have filed for other crypto spot ETFs in a bid to provide exposure to institutional investors.

So far, spot ETF applications have been filed for Solana, XRP, Litecoin, and Dogecoin. Polkadot now joins the club as 21Shares seeks to provide investors with exposure to the DOT cryptocurrency. 

Altcoins are gaining traction in the market thanks to the increasing number of altcoin ETF applications. The ETFs seek to attract more institutional investors to the cryptocurrency market. 

Dogizen is joining the altcoin narrative as it is the first Telegram ICO. It is a tap-to-earn project that is a direct competition to Catizen, the popular cat-themed game on the Telegram app. 

The team explained that Dogizen is designed to keep friends connected and together through Telegram. In the game,m players can collect Treatz (Dogizen coins), connect with friends through refurrals, fetch flights, and retrieve passport stamps as they explore new destinations. 

The developers are working on map expansions and new mini-games. Dogizen is a unique project as it allows users to participate in its ICO within Telegram. 

According to the Dogizen website, the ICO ends in four days, after which the token will list on centralised and decentralised exchanges. The project prides itself on being the first Telegram ICO and is working to provide exclusive perks for players and seamless deployment for developers.

$Treatz is Dogizen’s native token and will power various activities within the ecosystem. Users can spend their coins in multiple game worlds. Furthermore, with a large audience on an active game (over 1 million active players), Dogizen has already started delivering on its roadmap and is taking things to the next level. 

The Dogizen team will leverage the strong gaming community to make the presale and further roadmap progression successful. In the second phase, Dogizen will unveil its launchpad, expand the Dogizen gaming arcade, and introduce the developer SDK. 

The Dogizen presale is moving excellently, with the fifth stage almost complete. The team has raised over $3.8 million from investors. According to the website, investors can purchase the $Treatz token using various cryptocurrencies, including Ether, USDC, USDT, BNB, and SOL. Dogizen also has a card option for those who wish to pay using fiat currencies. 

In the fifth presale stage, Treatz is going for $0.000085 and is set to increase to $0.000089 in the next stage. Dogizen also lets investors purchase the $Treatz token via the Dogizen Telegram mini-app. Simply access the Dogizen mini-app on Telegram, navigate to the buy menu, enter the amount, confirm the purchase, and complete the transaction. 

Dogizen is a unique project as it is the first Telegram ICO project planning to expand beyond its current tap-to-earn feature. The developers are working to introduce the Dogizen launchpad, expand the gaming arcade, and launch the developer SDK.

While Dogizen is a dog-themed memecoin, it offers users various utilities. Its native $Treatz token is currently sold for $0.000085 and could surge higher once the ICO ends in a few days. The ICO could be an excellent opportunity for investors to purchase the tokens at a discount.

The post More altcoin ETF applications as 21Shares files for a spot Polkadot ETF appeared first on CoinJournal.

100 +