The announcement of a $500 million convertible note deal by Classover Holdings to establish a Solana-based treasury reserve has sent ripples through the cryptocurrency market, signaling robust institutional interest in blockchain assets. This strategic move underscores a growing trend of traditional companies integrating digital currencies into their financial frameworks, spotlighting Solana as a key player. Amid this development, emerging projects like Kaanch Network are gaining traction, positioning themselves as high-potential contenders in the altcoin space.
Kaanch Network has gained notice because it is a Layer 1 blockchain focused on speed, scalability and practical uses. The current price of Kaanch tokens in stage 6 is $0.32, which will double to $0.64 in the next stage. More than $1,827,789 was raised during the presale, showing that many investors were interested. Because there are only 58 million Kaanch tokens and they will be listed on BitMart for $30, the presale offers investors up to 30% APY. SpyWolf and VerifyLab check the project to maintain transparency and security. People can get tokens using ETH or USDT, and the upcoming listing on BitMart should help increase their visibility. Anyone interested can find the presale information on the Kaanch website.
Source – X
Classover Holdings, which is listed on Nasdaq, has attracted attention with its plan to raise $500 million through convertible notes to create a treasury reserve on the Solana network. The deal, made with Solana Growth Ventures, requires that 80% of the proceeds be used to buy SOL tokens and Classover has already bought 6,472 SOL for about $1.05 million.
The new deal follows a previous $400 million equity purchase agreement, so the total financing is now $900 million. By doing this, Classover became one of the first public companies to use Solana in its main financial operations which could add to Solana’s reputation in the market. Even so, the current price of Solana at $156.68 has dropped 1.40% in just one day which suggests the market is not fully responding to this news.
The network is unique because it can process 1.4 million transactions per second and finalize them in just 0.8 seconds which allows for fast trading and efficient use of smart contracts. Because it has very low gas fees, it is perfect for decentralized applications, small transactions and payments. With the help of 3,600 nodes, Kaanch allows for fast and secure transactions, especially for gold and real estate tokenization.
Thanks to its tangible assets, enterprise-friendly features and open governance, Kaanch is expected to compete strongly with Solana. Kaanch is expected to see a 100x rise, thanks to its scalability and more whales joining which could make it more successful than Solana in the future.
The deal between Classover and Solana points to more companies including cryptocurrencies in their financial portfolios. Solana is chosen as a core reserve asset because of its strong infrastructure and ability to scale, but Kaanch’s quick transactions and focus on real assets like gold and real estate make it a good alternative. The model used by the project which includes a staking dashboard and tools for developers, makes it easy for the blockchain to be adopted by many. Kaanch’s listing on Bitmart at $30 is expected to help it gain a bigger presence and attract more investors.
Kaanch’s presale success and technological advantages, coupled with its projected listing price of $30, position it as a potential market leader. With a capped token supply and high staking rewards, the project appeals to investors seeking high-growth opportunities. Its ability to process transactions at scale, combined with low fees and real-world asset integration, aligns with the evolving demands of decentralized finance and enterprise applications.
As institutional interest in blockchain grows, Kaanch’s presale offers a strategic entry point for investors. Those interested in this project should head to the Kaanch presale website to participate in the rapidly progressing presale.
For more information about Kaanch Network ) visit the links below:
Website: https://presale.kaanch.com/
Whitepaper:https://docs.kaanch.network/
Twitter/X: https://x.com/KaanchNetwork
Telegram:https://t.me/kaanchnetwork
Win 1M: https://presale.kaanch.com/win-1-million
How to buy : https://presale.kaanch.com/how-to-buy
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