TokenPay (TPAY) Price Gets Boost from Testnet Launch
Along with a public testnet, EFIN exchange and the EFIN token will become part of the TokenPay ecosystem.
TokenPay (TPAY) lined up among the biggest winners on Monday, after news of the public testnet launch added to the social media hype around the project. TPAY moved up from levels around $1 on Friday, extending the rally over the weekend. TPAY reached a price of $1.69 as of 8:30 UTC on Monday, extending the weekly gain to above 70%.
The price rally followed the announcement of a public testnet launch for the TokenPay network.
https://twitter.com/tokenpay/status/1107266445325594625
The additional hype surrounding TPAY is derived from the upcoming EFIN coin, a native digital asset for the EFIN decentralized exchange. Allowing TPAY owners to receive EFIN and trade on the new exchange may be boosting demand for the coin.
https://twitter.com/TpayWhale/status/1107346929447567360
The testnet for the DEX has received favorable reviews from users, expecting a mainnet exchange to launch soon. The exchange is a part of TokenPay’s ecosystem that will aim to spread digital asset payments globally.
TokenPay saw its project boosted by a recent talk with the founder of Litecoin (LTC), Charlie Lee. TokenPay is unique for having a banking partner in the form of WEG Bank, a German financial operation. The crypto-based startup will also have the option of owning 100% of the WEG Bank capital in the future, ensuring a stable banking service.
The upcoming mainnet launch and the new decentralized exchange are considered big news for the project:
https://twitter.com/investor5051/status/1107247254811959296
The mainnet launch is expected within weeks, potentially boosting the influence of TPAY. The token’s rise coincides with what is viewed as an “altcoin season”, where separate assets rise on bullish news related to their projects. TPAY, on account of its partnership with Litecoin, is also benefiting from the recent LTC surge.