Elluminex (ELX) Presale Live: The Ultimate DEX Platform Set To Supercharge Toncoin's DeFi Capabilities

Simultaneously, Toncoin taps into Telegram's 950 million user base, which turned into one of the largest crypto gaming hubs on the market

Toncoin has quietly emerged as a surprising force in the crypto gaming landscape. Its integration with Telegram's massive user base has created a unique synergy, leading to the viral success of games like Notcoin (NOT) and Hamster Kombat (HMSTR). These games have attracted a vast following and generated substantial wealth for early investors.

However, despite Toncoin's success in gaming, it has lacked a comprehensive DeFi protocol to channel this potential and challenge the dominance of Ethereum and Solana in the DeFi arena. This is where Elluminex (ELX) steps into the picture. With its comprehensive DEX platform and cutting-edge cross-chain capabilities, this newcomer is set to make waves and possibly mint the next generation of crypto millionaires.

Elluminex captures the first-mover advantage and provides a 360-degree decentralized exchange that could soon elevate the TON ecosystem. Elluminex is designed to empower users by offering a secure, intermediary-free experience through its non-custodial framework, which allows investors to retain complete control over their assets. No KYC is needed to operate.

Through its cross-chain bridge, users will be able to perform lightning-fast transactions across all major blockchains without incurring the typical issues that plague established single-chain DEXs. Since liquidity is sourced from various blockchains, Elluminex ensures lower slippage and fees, while relieving investors from the need to switch between various apps to find the best opportunities.

The native $ELX token has a crucial role within the Elluminex ecosystem, as it powers all essential functionalities, such as governance and staking. $ELX will have a total supply of 350 million tokens, 50% of which will be on sale for a discounted price throughout the Elluminex presale. The remaining tokens will be allocated for token liquidity, marketing, rewards, buybacks, and exchange listings.

Staking opportunities will provide $ELX holders with a passive income option, granting up to 18% APY. Furthermore, the token comes equipped with a deflationary mechanism, which will continuously reduce the circulating supply and promote scarcity-driven appreciation, making it an alluring investment opportunity with explosive potential.

Notcoin Slips 5% Today, Will The Support Hold?

Notcoin (NOT) is a Telegram-exclusive tap-to-earn game that has exploded in popularity in 2024. By simply tapping on a virtual coin within the Telegram app, players can mine Notcoin, participate in competitive leaderboards, and utilize in-game boosts to enhance their earning potential. However, over the last month, Notcoin has been caught up in market-wide turbulence, as it saw a significant portion of its recent gains evaporate.

Notcoin dropped by over 20% over the last month to a current trading price of $0.0051. Crypto guru, Ali Martinez has forecasted a further decline to $0.0031, citing a break below a crucial support level and a shift in market sentiment. The market’s bearish mood is influenced by decreased demand, with liquidity moving towards new trending plays, such as the Trump coin. According to market data, 51% of traders are currently taking short positions on Notcoin, indicating expectations of further price drops.

Hamster Kombat Could Rebound Ahead Of Layer 2 Launch

Hamster Kombat (HMSTR) is another popular Telegram-based game where players act as CEOs of a virtual crypto exchange, earning Hamster coins through tap-to-earn mechanics. Hamster Kombat has been praised for its community-driven aspects, which include daily challenges, multiplayer battles, a leaderboard, and a hamster-themed NFT collection. On the other hand, similarly to Notcoin, Hamster Kombat has been struggling in terms of price action as it has been trending downward over the past week, recording over 10% in losses.

Recently, however, Hamster Kombat announced a Layer 2 launch with Tycho to boost scalability and user experience, sparking speculation about its token, HMSTR, potentially reaching $0.1 in the coming months. Following an 80% drop from its peak of $0.014, Hamster Kombat now trades around $0.0032, showing signs of recovery but facing resistance at $0.0036.

Why Elluminex Could Supercharge Hamster Kombat and Notcoin

While crypto gaming as a narrative is bound for a major comeback as the cycle progresses, Notcoin and Hamster Kombat could soon receive an extra boost once the Elluminex platform starts working at full capacity.

By expanding Toncoin’s DeFi capabilities, both projects are poised to benefit immensely, providing users with a wider array of earning options while enjoying a fast-paced and competitive gaming experience.

Stage 1 of the $ELX presale is now live and tokens sell for just $0.06. When taking into account all that Elluminex brings to the table, massive price multipliers could be on the cards once the presale wraps up and