Bitcoin (BTC) is facing significant market turbulence, with its price dipping below $90,000 to $100,000 amid record outflows from Bitcoin ETFs. In mid-November, these outflows reached over $1.6 billion to $2.3 billion, driven by macroeconomic uncertainty. However, El Salvador demonstrated sovereign conviction by purchasing an additional 1,090 BTC for approximately $101 million, highlighting a clash between institutional caution and long-term accumulation.
This volatility underscores challenges for individual investors, including security risks on centralized exchanges and difficulties in spending crypto for everyday use. In response, GeeFi has launched a non-custodial wallet engineered to provide absolute control over private keys. The wallet features multi-factor security, human-readable addresses, scam detection, and support for multiple chains like Bitcoin, Ethereum, and Solana.
GeeFi is also developing the GeeFi Card, powered by VISA and Mastercard, which will enable instant spending of crypto assets anywhere card payments are accepted, eliminating the need for slow off-ramping. The platform's native GEE token fuels the ecosystem, offering holders benefits such as fee discounts and staking rewards with APRs of 45-55%.
The GEE token presale is currently live, having raised over $250,000 or sold 5.3 million tokens within the first 24 hours. Structured in 10 phases, the presale price starts at $0.05 and targets a launch price of $0.12. A referral program provides a 5% bonus in GEE tokens for referred purchases, fostering community growth.
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