The PENGU Spot ETF is the first NFT-based crypto ETF application, as Canary Capital aims to merge NFTs and DeFi—will the SEC approve this groundbreaking move

January 2024 marked a pivotal point in the crypto industry: the US Securities and Exchange Commission (SEC) approved a bunch of 

 (ETFs) after a decade of resisting it. Later that year, several Ethereum (ETH) Spot ETFs were also approved. These early successes encouraged investment funds focused on digital assets to seek approvals for other 

 (AVAX) and other high-cap cryptos have ended up on the SEC's desk in recent months.

Until Mar 20, 2025, one thing had never occurred: an 

-based crypto ETF application. Such a move was thought to border on impossibility, given how stringently and at length the SEC evaluated ETF applications even for established fungible cryptos. And yet, the Canary Capital investment manager submitted an application to the SEC for approval of the first NFT-focused crypto ETF product, the PENGU Spot ETF, triggering a mini-revolution in the emerging space at the junction of crypto and traditional finance.

If approved, this ETF will be the first of its kind in the industry, based on a mix of 

. Many observers expect Canary Capital to struggle mightily for SEC endorsement of its revolutionary product. Nevertheless, the SEC now has a track record of approving crypto ETFs — which raises hopes for both the altcoin ETFs mentioned above and the PENGU Spot ETF application.

The PENGU Spot ETF is a proposed exchange-traded fund (ETF) product introduced by the Canary Capital investment management firm, and is currently awaiting approval by the SEC. 

 on Mar 20, 2025, making this the first crypto ETF product with an NFT component that’s vying for the approval of America's primary financial regulator. The ETF has been registered in the US state of Delaware.

The Pengu Spot ETF's portfolio is envisioned as consisting primarily of PENGU tokens that will make up anywhere between 80% and 95% of total assets held, with the rest allocated to Pudgy Penguins NFTs. Small portions of Solana's SOL coins and Ethereum's ETH tokens will also be included in order to facilitate transactions and liquidity support, as PENGU tokens are mainly issued on the Solana blockchain, and Pudgy Penguins NFTs are an Ethereum-based collection. 

Since Canary Capital will hold these assets and periodically rebalance the portfolio, gas fee payments on Solana and Ethereum will apply, with fees paid in SOL and ETH, respectively.

Launched in 2021 on Solana, the Pudgy Penguins NFT collection consists of 8,888 items, each depicting a cute penguin with a distinct combination of five different traits. In December 2024, the project introduced a related fungible cryptocurrency, the Ethereum-based PENGU token. As of Apr 2, 2025, PENGU is a smaller-cap asset, ranked 191st in the crypto market, with a total 

 of $319 million. In contrast, Pudgy Penguins are among the leading projects in the NFT space, ranked second among all NFT collections, with a market cap of $155 million.

Canary Capital's application to the SEC is unique in two ways: it’s the first ETF with an NFT component, and it marks the first time ETF approval has been sought for a relatively smaller-cap cryptocurrency, PENGU, which isn’t even among the top 100 crypto assets by market cap. All of the other crypto ETF applications approved by the SEC (or currently vying for approval) are based on high-cap, leading assets that are typically ranked within the top 30.

As of Apr 2, 2025, the SEC has had the application for the PENGU Spot ETF application for just two weeks. The regulator has up to 240 days to review such applications, although historically, the SEC has pondered over crypto ETF applications for years. Now, however, the string of Bitcoin and Ethereum Spot ETF approvals in 2024 raises hopes that newer submissions may be subject to an already established evaluation framework — and thus greenlighted much faster.

At the moment, the SEC is also considering spot ETF applications for several high-cap cryptocurrencies, including Dogecoin, Solana, Polkadot, 

 (XRP). If the regulator decides to approve the applications in batch mode — all or several at once — Canary Capital will have reason to hope that its ETF is included.

However, there's been skepticism regarding the PENGU Spot ETF application, with some analysts believing that its chances might differ from those of the larger, more established altcoin ETFs. This isn't surprising, as a PENGU Spot ETF would be a distinct product, being the first NFT-focused ETF. In addition, NFTs have more limited liquidity than fungible cryptocurrencies. 

NFTs may also be harder to valuate objectively. The prices of fungible cryptos are easily sourced from the crypto market, where supply and demand establish their value. In contrast, the limited liquidity and uniqueness of NFTs makes it much harder to price them efficiently.

Moreover, the PENGU token — which will make up most of the proposed ETF — isn't among the most traded assets in the crypto market. Because PENGU has a modest position in the crypto space (along with its origins as a 

), the SEC could view it with more skepticism than it does the leading altcoins.

Naturally, all these factors are just speculation at this point, and we’ll need to wait on the SEC’s initial comments regarding the first NFT-based ETF under their consideration in order to form a more defined view of the product's prospects for approval.

Current impact of the PENGU Spot ETF application on the crypto market

The news of the PENGU Spot ETF application has so far had no appreciable impact on the price of the PENGU token itself. On the day of the application (Mar 20, 2025), the token was trading at around $0.007. Two weeks later, it's still hovering around the same price. 

On the other hand, there's been a modest increase in the average price of Pudgy Penguins NFTs traded on the market: between March 20 and 28, the average price rose by 16% from around $16,450 to $19,120, though it has since retraced slightly to $17,490 as of Apr 2.

Given the modest price effect, investors are likely still cautious about the chances for the PENGU Spot ETF's approval.

However, if it is approved, the broader impact on the crypto market could be far-reaching, as such a step would signify the SEC's openness to both NFT-based ETFs, and ETFs made up of smaller-cap cryptocurrencies, including meme coins. The number of tokenized asset funds that offer NFT-based products would then be likely to increase significantly, facilitating mainstream NFT adoption within traditional financial markets.

An SEC approval of the PENGU Spot ETF may lead to a flurry of further ETF applications based on NFTs in some form. This could even include the first ETFs composed entirely of NFTs. Other crypto asset types — e.g., 

 (RWAs) — may also become candidates for the SEC’s consideration. Furthermore, in the unlikely event that Canary Capital’s PENGU Spot ETF were to be approved ahead of the altcoin spot ETFs currently in the SEC’s pipeline, it would send a very strong signal that those ETF applications are also a sure bet.

The current PENGU Spot ETF application is a pioneering event that may open up opportunities for NFT ETFs and other crypto ETFs based on partial NFT holdings. Although the SEC approved multiple Bitcoin Spot ETFs in early 2024, few people expected an NFT-based ETF to emerge so soon afterward. Probably even fewer expected a meme coin–based ETF to be taken seriously by the SEC. Unique in so many ways, the PENGU ETF flips the entire concept of traditional ETFs on its head.

Canary Capital's attempt to get approval for an NFT-backed ETF is truly a bold undertaking, though observers said the same thing about 

 just a few years ago. Someone needed to become a trailblazer in this area — and Canary Capital has taken up the noble role without hesitation. Now, all eyes are on the SEC as it prepares to weigh in on a product it has never before encountered.

Intermediate

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PENGU Spot ETF: A bold move for NFT investing — or just hype?

In this article, we break down what to expect from Liberation Day and how it could shape the outlook for equities, the US economy and crypto markets.

 April 2, 2025 as "Liberation Day" — a moment he claims will restore America's trade fairness through sweeping reciprocal tariffs. With few concrete details confirmed, global markets remain on edge. Investors are bracing for the economic fallout of a potential trade war, and crypto traders are watching closely to assess the impact on digital assets. In this article, we break down what to expect from “Liberation Day” and how it could shape the outlook for equities, the US economy and crypto markets.

Since returning to the White House in January 2025, President Trump has prioritized reshaping US trade policy with a renewed focus on tariffs. His administration has already announced 

 on all steel and aluminum imports. Many of these actions take effect this week, coinciding with his so-called Liberation Day.

Trump argues that tariffs are a necessary tool to reduce the US trade deficit and force foreign nations to stop what he calls "economic warfare" against the American worker. Treasury secretary Scott Bessent 

 countries with persistent trade surpluses — dubbed the 

 — as primary targets for reciprocal tariffs. These include China, the EU, Canada and Mexico.

However, critics point to the growing risk of a global trade war, with multiple partners already threatening or initiating retaliatory measures. Goldman Sachs recently 

, citing declining business confidence and mounting economic uncertainty. The tariffs, designed to protect US industries, could instead raise prices and weigh on consumer spending.

What to expect from Trump's ‘Liberation Day’ announcement

Trump is expected to reveal his tariff plans in a Rose Garden press conference on April 2. White House press secretary Karoline Leavitt 

 that the president would impose tariffs on "any country that has treated the American people unfairly" — though no nation-specific exemptions have been confirmed. Trump has promised these reciprocal tariffs will be 

While final details remain under wraps, proposals have included both country-wide and sector-specific tariffs. These could range from uniform, percentage-based levies to targeted charges on industries like pharmaceuticals, semiconductors and autos. Trump's advisers, including Trump trade adviser Peter Navarro and commerce secretary Howard Lutnick, claim the new tariffs could generate over $600 billion annually — though many economists dispute this figure.

Delayed tariffs on Canadian and Mexican imports, 

 in early March, are also set to take effect this week. These include taxes on agricultural products, energy goods and automotive components. Trump has also 

 a 25% tariff on imports from countries that purchase oil or gas from Venezuela.

Given the administration's conflicting signals in recent weeks, there's a wide range of potential outcomes. Whether “Liberation Day” ushers in immediate enforcement, additional delays or future negotiation rounds remains to be seen. For now, uncertainty reigns.

Potential impact on the US economy and global markets

Economists warn that broad-based tariffs could lead to slower US growth, higher consumer prices and widening inequality. Goldman Sachs now 

 Trump's trade policies to reduce annual GDP growth to 1.5% from 2%, while the odds of a recession are being raised from 20% to 35%.

Global equity markets have already shown signs of stress. European and Asian indices dipped ahead of “Liberation Day,” while the S&P 500 and Nasdaq-100 

 in March (respectively). Auto manufacturers, tech firms and retailers could be especially vulnerable if tariffs disrupt global supply chains.

There's also the question of the Federal Reserve's response. With inflation risks rising, policymakers may hold off on anticipated rate cuts, further complicating the economic outlook heading into Q2.

How will ‘Liberation Day’ affect the crypto industry?

Crypto markets have mirrored broader risk sentiment over the past quarter, with investors reducing exposure amid macroeconomic turbulence. As of April 1, the 

 is down 16.9% year-to-date. Bitcoin has fallen 10.48%, Ethereum 44.2% and Solana 33% — despite reaching new highs in January on hopes for pro-crypto policies from the Trump administration.

Investor optimism has since cooled as recession risks, inflation concerns and policy unpredictability drive a risk-off mood. Bitcoin dipped to $81,656 over the weekend, marking its weakest Q1 since 2018. Traders remain cautious ahead of “Liberation Day,” awaiting clarity before opening new positions.

“Liberation Day” could further weigh on crypto prices if market volatility increases and capital rotates out of risk assets. However, some analysts believe any resulting sell-off may offer an opportunity to 

 — especially if Trump follows through on crypto-friendly regulation later this year. For now, though, many eyes are on April 2.

With details still unknown, the crypto market remains in a "wait-and-see" phase. “Liberation Day” could mark a turning point — for better or worse — depending upon the scope and execution of Trump's tariff agenda.

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Trump's 'Liberation Day': What it means for crypto markets

Grayscale has filed to convert its private Digital Large Cap Fund, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, into a publicly available exchange-traded fund (ETF). 

Daily top performer — Compound Finance (COMP)

The S&P 500 rose 0.38% as investors awaited new tariffs amid weak factory data and declining job openings. Gold eased to $3,113 after hitting a record high, driven by profit-taking ahead of Trump's tariff announcement, but remains strong due to safe-haven demand and economic uncertainties. The Coindesk Indices, which tracks the broader crypto market, are up by 1.30%, with Bitcoin and Ether are up 3.10% and 5.19%, respectively, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is COMP, up 14.3%, following the proposal for the creation of a foundation to ensure consistent leadership and coordination by Compound.

Compound Finance (COMP), launched in September 2018, is a DeFi lending platform that allows users to earn interest on crypto assets. Built on smart contracts, it adjusts interest rates based on supply and demand, connecting lenders and borrowers without intermediaries. In June 2020, Compound decentralized with the launch of COMP and full governance transfer. However, it lacks a core operational pillar. With Compound v4 development and increased community engagement, the need for consistent leadership has grown. To address this, Compound Labs 

 creating a Compound Foundation for structure, clarity, and coordination, similar to other ecosystems like Uniswap.

Check out the latest prices, charts, and data of 

 to convert its private Digital Large Cap Fund, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, into a publicly available exchange-traded fund (ETF). The fund, which currently holds 79.4% Bitcoin and 10.69% Ethereum, has grown by 478.83% since its launch in 2018. The conversion would allow everyday investors to access the crypto market, covering about 75% of the digital asset market cap. If successful, it would eliminate the current barrier that restricts access to accredited investors. The filing is still in progress, with management fees and other details pending.

Yesterday, BTC spot ETF had a total outflow of $157.8 million, with GBTC seeing a loss of $10.1 million and non-GBTC products losing $147.7 million.

 that its airdrop might be approaching, with a claim page now live. Registration for the airdrop runs from April 2 to April 17, and claims are expected to open on April 22. However, nothing has been officially confirmed yet. Stay tuned for updates.

Beginner

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Grayscale files to convert digital large cap fund into publicly accessible crypto ETF

In this guide, we'll dive into how to trade crypto with the Bybit app, a convenient and feature-rich platform. Explore spot and derivatives trading for beginners on the Bybit app.

Welcome to our step-by-step guide on trading using the Bybit app. In this article, we’ll walk you through everything you need to know — from downloading the app and setting up your account to executing spot, margin and derivatives trades. Bybit is a leading cryptocurrency exchange that offers a fully localized and user-friendly mobile experience, making it easy for both beginning and seasoned traders to manage their investments seamlessly.

First, download the Bybit app from the App Store (iOS) or Google Play (Android). Once you’ve installed the app, open it and select your preferred language.

 and register using your email address or phone number. Complete the verification process by submitting your mainland Chinese ID or passport as required. This step is crucial to ensure your account is secure, and to unlock higher withdrawal limits.

After verifying your identity, head over to the 

 tab to fund your account. You can directly deposit cryptocurrencies like BTC or USDT. Our 

 (UTA) streamlines fund management, allowing you to trade seamlessly across different markets without the hassle of multiple wallets.

Spot trading with Bybit lets you buy or sell cryptocurrencies at current market prices with immediate settlement.

To begin, log in to the app and tap on the 

Choose your desired trading pair, such as BTC/USDC or ETH/USDT, from the list.

 lets you specify a price at which you want to buy or sell. 

Enter the amount you wish to trade, review the details and confirm your order.

Once your order is executed, monitor its status in the 

Bybit has an intuitive interface that displays real-time updates, so you can track your trades anytime with ease. 

How to execute a spot margin trade with the Bybit app

For traders looking to leverage their positions, Bybit offers a spot margin trading feature that allows you to borrow funds to increase your buying power. Start by logging into your account and tapping on 

Choose a trading pair, such as ETH/USDC, which supports margin trading with leverage options of up to 10x. 

Once your trading pair is selected, you’ll need to select the margin amount (e.g., 

 at which you want your limit order to execute.

You’ll also see several other important metrics, such as 

Enter the amount you wish to trade, and then carefully review all of the details.

After confirming your order, your margin trade will be executed. You can track your position in the 

 tab, where you can also set up stop-loss or take-profit orders to manage risk. 

How to trade derivatives with the Bybit app

Bybit also offers derivatives trading, which allows you to speculate on the price movements of cryptocurrencies without actually owning the underlying assets. Derivatives include Futures and Perpetual contracts, which can be traded with leverage, sometimes up to 100x.

To start, log in to your account and tap on 

Set your desired leverage (e.g., 50x) and choose between 

 margin modes, based on your risk preference.

 (if using limit or conditional orders) and 

Once you’re satisfied with your parameters, confirm your order and your position will appear in the 

Trading with the Bybit app offers numerous advantages that make managing digital assets both efficient and secure. The platform’s user-friendly design, high-speed execution and comprehensive risk management tools cater to traders of all levels. Our Unified Trading Account (UTA) streamlines fund management by consolidating assets for spot, margin and derivatives trading under one account, which reduces operational complexity and enhances overall efficiency. This streamlined approach lets you focus on strategy rather than logistics.

Additionally, Bybit’s state-of-the-art security measures — such as multi-factor authentication, regular independent audits and cold storage of assets — ensure that your transactions are conducted safely and transparently. With an interface designed to minimize distractions and provide real-time data, you can quickly monitor market movements and adjust positions. 

Our commitment to a secure and reliable trading experience is evident in our continuous improvements and proactive customer support. These features empower you to make informed trading decisions, fostering confidence in your ability to navigate the dynamic crypto market.

Bybit delivers a secure, robust and intuitive mobile platform that simplifies cryptocurrency trading for everyone. In this guide, we’ve explored how to set up an account, fund it and execute various types of trades — spot, margin and derivatives — using a fully localized and user-friendly interface. Our Unified Trading Account and comprehensive risk management tools ensure a smooth trading experience so you can focus on growing your investments.

Looking ahead, Bybit remains dedicated to innovation and excellence in the crypto industry. We continually refine our platform, based on user feedback and market trends, ensuring that you have access to the latest tools and features. Our commitment to transparency and security underpins everything we do as we build trust and empower traders. 

How to trade spot crypto on Bybit app.png

How to trade with the Bybit app

Bybit Learn

Altcoins

Trias is an advanced all-platform development and collaborating ecosystem designed to improve trust in computerized machinery and software. Learn more here.

In the 1950s, a binary computer known as the IAS Machine was created. With 40-bit words, each capable of 20-bit instruction storage, its memory added up to 1,024 words for a total of 5.1 kilobytes. As the first machine of its kind, it was a marvel to behold and it represented not only a new peak in human intelligence but also set a progressive standard for the total projected computing power of human civilization well into the future.

Over the last half a century or more, the rapid advancement of machine intelligence has outpaced projections based on the abilities of the IAS Machine. In recent years, the compounding computational power of innovations like Big Data, Cloud Computing, AI and the Internet of Things (

) has driven the rate of technological development beyond what anyone could have reasonably anticipated.

In this era of exponential technological growth, Trias emerges as a groundbreaking solution to meet the evolving demands of the digital landscape. Inspired by the revolutionary capabilities of the IAS Machine and recognizing the accelerated pace of modern computing, Trias aims to redefine the boundaries of decentralized cloud infrastructure.

Building upon the remarkable achievements of the past, Trias harnesses the power of the abovementioned cutting-edge technologies. By integrating these advancements into its full-stack architecture, Trias is at the forefront of enabling all-scale applications, paving the way for a future where innovation knows no bounds.

Trias-lab Foundation (Trias) is an advanced all-platform development and collaborating ecosystem designed to improve trust in computerized machinery and software.

 It achieves this through a three-fold architecture that mimics the longstanding human systems of organizations that have been recognized the world over for achieving new heights in trust, reliability and fairness.

The Trias concept and architecture were developed by Anbang Ruan. With a doctorate in computer security from the University of Oxford, he’s uniquely qualified to produce cutting-edge trust-enhancing technology, such as Trias. In addition to his educational background, Dr. Ruan has more than a decade of hands-on experience in trusted computing, cloud security and cryptography, and has published over 20 highly referenced academic papers and a handful of 

The other core members of the Trias-lab team include graduates from Oxford, London School of Economics, Tsinghua University and other top institutions of higher learning known for producing leaders in economics and computer science. The core Trias team includes members with expertise in aerospace, finance, mobile communications, cloud computing and online commerce.

This world-class team of experts in a spectrum of relevant fields is composed of more than 70 core members, with over 50 engineers and more than 20 Ph.D. and masters graduates. Their collective research and development resources are housed in three different facilities in Beijing, Tokyo and Hangzhou.

The complexity, power and unpredictability of modern computerized systems have made trusting these systems problematic. Furthermore, the ability of bad actors to exploit advanced computing systems has driven trust to record lows.

In economics, we understand the value of trust as the source of all monetary value. When we understand the current price of any given currency, we can get a feel for how much trust exists in the economy within which it is used. Without trust, no unit of currency can transmit the value of work in a meaningful way; and the systems we use, the organizational networks we rely on and the goods/services we exchange become unusable. Partnerships break down, contracts become worthless and laws become unenforceable. Even in the simplest and most naturalistic economies, nothing functions without trust.

In the absence of trust in machine-driven economies, these problems are compounded. When the machines we rely on for productivity are seen as untrustworthy, we suddenly view ourselves as being surrounded by useless and dangerous junk.

Thinking about a lack of machine trust in this way is, admittedly, an exaggeration. However, there’s always an underlying lack of trust in every interaction between human beings and machines. Even when this distrust is marginal, productivity suffers, bad actors are encouraged and value is lost. But suppose we could create a world where the trust we have in our machines were complete and perfect. What would such a world look like?

The creation of systems capable of eliminating this lack of trust has to start by recognizing the forms this mistrust takes. TRIAS (Trustworthy and Reliable Intelligent Autonomous Systems) is designed around a set of problems, with the 

This simplified list of the problems associated with a lack of trust in computerized systems gives us a solid development framework from which to understand the advantages of truly reliable intelligent autonomous systems — which then begs the following question:

TRIAS is a smart contract execution platform, development framework and collaboration ecosystem that’s native application compatible. It’s also supported across multiple platforms. This means it works seamlessly across servers, is compatible with multiple computer types and integrates with mobile systems, the IoT and more. In short, the first task of TRIAS is to overcome comparability issues, and it does this remarkably well.

There are three layers to Trias’s architecture: Leviatom, Prometh and MagCarta.

The heart of Leviatom is a heterogeneous consensus graph (

) algorithm. This is a tool that eases decision-making, which is critical for cryptocurrency traders who hope to make meaningful gains. The 

 creates uniformity so that collaboration is more predictable and reliable.

 (TEE), which further stabilizes processes and establishes trust across platforms using remote affirmation. This is a process of thorough integrity checks and ID authentication that provides a reliable status report to verifiers.

All Leviatom nodes run a process that requests a randomly selected node in the network to start its own trusted affirmation challenge in accordance with the working state of the network. Users can confirm whether or not they meet the requirements of joining the system, or persistently verify their TEE status and prove the credibility of their work in real-time.

Finally, the HCGraph builds a collaboration default model of global nodes. This locates "lying" nodes that are difficult to pin down, while cooling and removing untrusted nodes. Leviatom implements a trusted execution of a randomized native code based on a sample of these "lying" nodes. All of this has the effect of further improving consensus efficiency.

The second Trias layer, Prometh, provides formal verification and securitizing methodologies to deliver verifiable and traceable software development for general purposes. Simultaneously, the third layer, MagCarta, achieves and embeds a self-defined consensus strategy for high-level enterprise app development.

For the deepest thinkers among Trias token holders, it’s clear that the technology is based on a model that has produced the largest measurable trust gains ever recorded. The technology neither models nature nor other computing systems. Rather, Trias models the world's most stable, celebrated and enduring democratic system of government, as follows:

Decentralized, global trusted computing execution software to ensure accurate and reliable development.

Decentralized traceable, development and distribution framework software ensuring accurate composition and construction.

A consensus-centric development framework and global-use contract economy for the orchestration of resources and components to manage cost/benefit ratios.

, a decentralized entity of Trias-lab, aims to revolutionize the auditing/testing process in the crypto world. It adopts an innovative, community-driven approach, focusing on transparency and accessibility. Key features include real-time verification across crucial dimensions such as security and scalability, coupled with a user-friendly, game-like interface. This system empowers users to interact, test and even attack the testnets while earning rewards.

In addition, Triathon embodies a “play to build” philosophy, giving project creators a platform to translate their ideas into reality. Creators can design NFTs and launch their projects for real-time testing and community evaluation.

Finally, Triathon Market extends the ecosystem’s functionality, allowing you to trade NFTs or tools used during testing. It includes an auction function for rare NFTs and user-created items. The platform also allows token exchanges and houses a launchpad for new projects. The fluctuation of the exchange rate gives an indication of user sentiment toward projects and token liquidity.

As you can see, each Trias core is designed as part of a system of checks and balances that achieves unprecedented levels of trustworthiness. No single core within the system can take its routines too far before one (or more) of the others puts it in check.

In human institutions, this type of architecture results in a system that’s painfully slow, yet protects the rights of the individual better than anything that has come before it. When integrated into an intelligent computing system, this structure constitutes a system that merits never-before-seen levels of trust, without the productivity bottlenecks of analog systems.

TRIAS is the native token of the Trias ecosystem. There’s a total supply of 10 million TRIAS tokens, distributed according to the following allocation:

As of Jun 8, 2023, the TRIAS token is valued at $3.84 and has a market cap of $19.1 million, a 24-hour trading volume of $1.6 million and a circulating supply of 5 million.

The price of TRIAS has fluctuated wildly over the past few years. It first launched at $1.18 on Feb 17, 2021 before increasing sharply to its ATH of $31.70 on May 9, 2021, attributable to a few factors: TRIAS’s migration to BSC, the launch of 

 and TRIAS’s launch on PancakeSwap. Soon after, TRIAS price dropped to just $2.68 by the middle of July 2021. 

 was released, resulting in a price rally and increase in value to $10.44. Its price hit another peak in November 2021 after the launch of the Triathon Market, where users could purchase and sell Triathon NFTs. As crypto began to enter a bear market, the price of TRIAS fell just like all other cryptocurrencies in 2022. This decline was exacerbated following the 

, causing TRIAS to drop to a price of $1. Toward the end of 2022, TRIAS started seeing a slight increase.

 are bullish on TRIAS, with a 2023 forecast of $4.82. They believe that its price will continue to rise to $10.67 in 2025, $32.91 in 2028 and $65.79 in 2030.

 also believe in the growth potential of TRIAS, though they’re more positive in the short term, predicting that TRIAS’s price will reach $8.09 by 2023, $13.19 by 2025, $20.11 by 2028 and $38.51 by 2030.

While Trias is best known for its robust circulating supply and the consistently bullish appraisal of its token, it’s best understood as a generalized, trust-boosting intelligent autonomous system. Its purpose — and the goal of the team behind it — is to solve principal issues of trust in machine-human relations.

While this vision has been and will continue to be verifiably accomplished with the TRIAS token, the capabilities of its triple-layer system of checks and balances have value across all computing platforms. The ultimate promise of its architecture is to stabilize automated systems of every type and kind.

Beyond systems and software associated with information technology, Trias has the potential to improve trust in the performance of all automated systems, including but not limited to:

Indeed, the potential number of applications for Trias is unlimited. Based on this factor alone, supporters of the technology have a strong argument for the merits of this one-of-a-kind development framework. 

While projections based on these assertions are speculative, they remain compelling. What's more, investing in the TRIAS token isn’t just an investment in an experimental currency: it’s an investment in the future of the only technology currently in development that promises to virtually eliminate discrepancies in trust between humans and machines.

Objectively, the coin's circulating supply remains strong. Its price at the time of this writing marks it as a trading piece to be watched. But that's just the surface explanation behind the bullishness of its enthusiasts. 

While the TRIAS token has a long way to go before it achieves the notoriety enjoyed by tokens like Bitcoin and Ethereum, the technology that underlies it is more than reason for optimism. With the expertise of Dr. Ruan and his unequaled team of experts, in-the-know traders remain confident in the future of the Trias token.

Indeed, as we rush head-on into the age of artificial intelligence, technologies like Trias just might be the one thing that saves us from the futuristic nightmare scenarios that have been haunting our dreams for over a century.

Trias (TRIAS): Building Intelligent Autonomous Systems

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Grab Up to 5,000 USDT in Rewards