FXGuys: Custom-Designed Prop Firm For Everyday Trading Sans Taxes

FXGuys is another project fueling growth within the DeFi sector with its proprietary finance custom trading firm designed to allow traders access to all kinds of financial instruments.

A new Prop Firm and DeFi token is quickly becoming the talk of the crypto market, with projections suggesting it could be the only coin market participants need in 2024.

While Arbitrum (ARB) and Shiba Inu (SHIB) have had their moments in the sun, the mantle is now being passed to FXGuys ($FXG) with its innovative features, driving potential users to its presale with its no buy or sell tax, presenting it as possibly the best crypto to buy now.

In this piece, we will uncover vital facts about the FXGuys platform, from its use cases to its lucrative presale and how interested market players can milk this DeFi coin!

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Vitalik Praises Arbitrum’s Technical Development And Adoption Offchain Labs has been commended by Vitalik Buterin for its technical prowess and Arbitrum for its achievements as a Stage-1 EVM roll-up.

Taking to X on October 14, 2024, Vitalik acknowledged Arbitrum's significant role as a layer-2 blockchain within the Ethereum network.

Buterin's commendation comes in response to Steven Goldfeder's statement that the decentralized nature of Ethereum and Arbitrum backs their long-term success.

Steven Goldfeder is the co-founder of Offchain Labs, a venture-backed Princeton-based blockchain development firm.

Highlighting Arbitrum's achievements, Steven stated that it processes 50% of on-chain transactions and houses 70% of total value locked (TVL) among EVM roll-ups.

Vitalik Buterin noted that Arbitrum was one of two layer-2 EVM roll-ups to reach Stage 1. The other layer-2 network was Optimism.

Ethereum’s co-founder praised Arbitrum for its technical efficacy and widespread adoption across the industry. Meanwhile, ARB is down 3.63% to $0.588 in the last 24 hours.

Shiba Inu Faces Resistance At Key Level, 142 Trillion SHIB In PlayShiba Inu faces a critical period as the price trades above a major support zone. IntoTheBlock data revealed that 142 Trillion SHIB tokens are being held where Shiba Inu currently trades.

Cumulatively, 115,870 addresses acquired 142.6 trillion SHIB between $0.000014 and $0.000018. However, SHIB has crashed 2.76% in the last 24 hours due to investors taking profits.

Notably, SHIB slid from $0.0000193 to $0.0000180 within a few hours. As the focus rests on SHIB, it remains to be seen which direction the dog-themed meme coin will follow in the coming days.

Amid this development, Shibarium, the layer-2 blockchain powering Shiba Inu, recorded a spike in daily transaction volume to $419 million, with a total of 419,111 transaction count, suggesting the bulls may be at work. Meanwhile, SHIB is down 4.28% in the last 24 hours, trading at $0.0000183.

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FXGuys: Custom-Designed Prop Firm For Everyday Trading Sans Taxes Another project fueling growth within the DeFi sector is FXGuys with its proprietary finance custom trading firm designed to allow traders access to all kinds of financial instruments, including cryptocurrencies, stocks, FX, indices, and commodities.

Due to its user-centric approach, this Prop Firm is creating a tax-free ecosystem where users can buy or sell digital assets without paying taxes, allowing traders to keep more profits for themselves.

As an empowering platform, the FX Guys team has unveiled several programs to make sure that every user is given a chance to make money every day without worrying about capital.

Its Trader Funding Program is one such scheme, set up to equip adept traders with up to $500,000 to trade forex, stocks, etc. Traders will be entitled to 80% of the gains realized, while the platform will take 20%.

Another avenue via which FXGuys users can make money even when they are not actively trading is by staking $FXG. As the native token of FXGuys, staking $FXG will help stakers earn a 20% APY passively, along with other benefits like rewards.

Also, the Prop Firm’s Trade2Earn program was designed to incentivize every trade completed with $FXG tokens regardless of their results. Traders can stack up the DeFi token via this medium or participate in its ongoing presale.

The tokens generated can be used to access exclusive trading perks like reduced profit targets and increased drawdown limits.

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