Blockchain technology is enabling the borderless transfer of value in its simplest form without the interference of intermediaries. This is a property that has encouraged the effective fundraising processes being adopted by various startups and existing organizations for purposes of project development and expansion, as the case may be.
A new fundraising method
One of the latest fundraising methods being introduced into the industry is the Initial Loan Procurement (ILP) process. This system is similar to the more popular Initial Coin Offering (ICO) procedure, only that in this case, the funds are raised in the form of loans, rather than coins acquisition.
The more popular ICO system has exposed the industry to a lot of new opportunities that did not exist before now. Generally, the ICO process enables individuals from any part of the world to have direct investment access to opportunities that had hitherto been beyond their reach. Also, on the part of companies, it opened up new and easier sources, enabling them to get funding from anyone who gets interested in their projects from anywhere in the world in exchange for tokens.
Limitations of older methods
Despite the benefits of the ICO processes, the inherent limitations are becoming even more pronounced as numerous companies adopt the system, which is a subject of concern. For instance, the laws and regulations that are emanating from some countries are categorically unfriendly towards ICOs. The outright bans from China and the restriction of crypto-related ads by Facebook are some of the eventualities that are hampering the ICO processes. Besides, the search for appropriate tax implementation processes has also led to certain restrictions from countries like the United States. Some other countries even consider money raised through ICOs as income, therefore subjecting such to high taxing, even as much as 40% in some cases.
In finding a solution to these limitations, while retaining the benefits of Blockchain technology, Blockhive is partnering with Agrello to create an alternative model of decentralized fundraising that does not involve token purchase. This model implements a smart contract agreement between borrowers and creditors through a process known as Initial Loan Procurement (ILP). Being a loan, hence a debt, such contributions will not be bound by unreasonable tax systems, neither will they be bound by the various restrictions and challenges faced by ICOs.
With a legally sound structure and proper KYC implementation procedures, the Blockhive system ensures proper fraud prevention and anti-money laundering. Each contract is recorded on the blockchain, thereby ensuring a transparent and immutable system that cannot be altered.
In other words, to have access and transact on the Blockhive platform, users must fully register and receive the protocol’s Future Loan Access Tokens (FLAT) as soon as they lend funds to the company. It is these tokens that will enable the transfer of loan agreements among users. The funds lent however are in the form of cryptocurrency, as those are the payment methods supported by the platform.
A robust partnership
Hence, Agrello’s ID and its binding loan agreement, coupled with Blockhive’s FLAT combine to form a robust decentralized loan platform. Therefore, instead of investing in tokens whose future depends largely on external market forces of demand rather than the fundamental organic growth of its parent company, the ILP system offers a different kind of benefit. This benefit involves a more guaranteed long-term interest, enabling creditors to earn 20% of the annual operational profits of Blockhive. A figure that could increase as more products gets developed on the platform.
Metrika Now Offers Developers Unprecedented Visibility into Hedera Network Activity and Performance
Metrika, the leader in operational intelligence for blockchains and distributed ledger networks, today announced a collaboration with Hedera to provide enhanced visibility and transparency for the different applications across the company’s network ecosystem – creating a best-in-class experience for Web3 application developers. The Hedera network ecosystem will now have access to Metrika’s industry-leading blockchain and Distributed Ledger Technology (DLT) monitoring and analytics platform, offering the community unprecedented on-ledger metrics and visibility into the performance of the network at any given time.
Hedera is a proof-of-stake, public DLT network for building and deploying decentralized applications. Application developers building on Hedera will now be able to access Metrika’s advanced metrics on transaction volume, time to consensus finality, account growth, and leaderboards for Hedera network service usage, such as managing fungible & non-fungible tokens and interactions with smart contracts.
Metrika’s dashboards provide developers end-to-end visibility into the operational health of the ledger, allowing them to ensure their applications are running at a high level of performance and resiliency – while simultaneously guaranteeing a level of transparency that encourages overall adoption of the Hedera network.
“Ensuring operational trust is central to Hedera’s mission of creating a public network for everyone,” said Alex Popowycz, Chief Information Officer at Hedera. “Metrika’s network dashboards are integral capabilities and a continuation of our commitment to make Hedera the home for fast, fair, and secure applications you can trust. As we work toward that mission, Metrika’s platform will provide the needed visibility into Hedera’s network, allowing developers and node operators to meet their full potential within our ecosystem.”
“We are thrilled to support Hedera in their commitment to transparency, specifically its efforts to make the activity, status, and overall health of the network available to developers and community members as accessible as possible,” said Nikos Andrikogiannopoulos, CEO of Metrika. “These actionable insights into the health of the Hedera network will be critical to scale and drive mainstream adoption.”
Metrika was founded in Cambridge, Massachusetts, out of a deep commitment for making blockchain networks dependable as they scale for web3. Metrika currently works with leading blockchain ecosystems and industry groups such as Algorand, Algorand Foundation, Dapper Labs, Flow Foundation, Axelar, IDB Lab, LACChain, Blockdaemon, Hyperledger Besu, ConsenSys, ConsenSys Quorum, Blockchain Association, Global Blockchain Business Council and more.
For more information on the Metrika operational platform and the additional customized offerings, please visit www.metrika.co or check out the full platform experience for network communities at app.metrika.co. To view the Hedera dashboard, please visit: https://app.metrika.co/dashboard/hedera/network-overview.
Metrika provides the industry’s only operational intelligence platform for blockchain and distributed ledger networks and applications, including cryptocurrency and gaming applications, where ongoing optimal performance is essential. Using its Metrika Insights platform, blockchain communities, node operators, and applications gain the visibility, actionable insights, and tools needed to maintain the performance of the overall network and ensure ongoing trust as it becomes more decentralized and distributed. For more information, visit us at www.metrika.co or follow us on Twitter at @Metrikaco, or Discord.
The Hedera network is the most used, sustainable, enterprise-grade public ledger for the decentralized economy. The platform is governed by a council of the world’s leading organizations, including Avery Dennison, Boeing, Chainlink Labs, DBS Bank, Dentons, Deutsche Telekom, DLA Piper, EDF (Électricité de France), eftpos, FIS (WorldPay), Google, IBM, the Indian Institute of Technology (IIT), LG Electronics, Magalu, Nomura Holdings, ServiceNow, Shinhan Bank, Standard Bank Group, Swirlds, Tata Communications, Ubisoft, University College London (UCL), Wipro, and Zain Group.
For more information, visit https://hedera.com, or follow us on Twitter at @hedera, Telegram at t.me/hederahashgraph, or Discord at https://hedera.com/discord. The Hedera whitepaper can be found at https://hedera.com/papers.
Equito Finance to Release Its Second Testnet in August
Equito Finance, a Decentralized Exchange on the Algorand blockchain, has announced that it will launch its Testnet 2.0 in August. Furthermore, the cross-chain-supported exchange revealed that the highly anticipated incentivized Testnet 2.0 would go live on the 1st of August, 2022.
According to the team, the Testnet will include incentives for the first 3,000 testers with opportunities to earn even better incentives for participation.
In explaining the incentive model, the Equito Finance developers revealed that testers would be rewarded with special Equito Finance NFTs with unique value. Holders of these NFTs will automatically be eligible for Equito Finance’s EQI governance token, which is scheduled to be released later this year. That said, each holder will receive their EQI at launch. In addition, the owner can sell their NFT, and anyone can purchase more from Equito’s collection on the ALGOxNFT marketplace.
The Testnet 2.0 Incentives
The special incentives are designed to reward testers for taking part in the Testnet. The rewards will then be distributed and assigned in a strategic way based on their level of commitment to the project.
The first tier of incentives consists solely of a common NFT. This will be made available to the first 3,000 testers. Users who are not part of the first 3,000 testers will still have a chance to receive one or both of the next two tiers.
Equito will only pay the tier 2 winners and the best average overall. The tier 2 winners will be rewarded Tier 2 winners will receive $150 USDC each and the tier 3 winner will receive $550 USDC. Again, only the tester who bridges the most liquidity, adds the most liquidity to the liquidity pool and swaps the most will receive these rewards.
About Equito Finance
Equito Finance is a cross-chain Decentralized Exchange on the Algorand blockchain ecosystem where users can swap and earn on a true cross-chain Dex. Behind the project is a highly motivated community of developers.
One of their primary goals is to constantly seek social innovation in the financial market by adapting the best technological solutions to major market problems such as accessibility, security, and liquidity.
Equito Finance aspires to be an open protocol for issuing, managing and accessing securities and crypto assets on the primary and secondary markets. The initiative is motivated by a desire to create a strong, open, and trustless financial market where bids and asks meet without the involvement of third parties.
Double Protocol Lays Out Comprehensive Usage Scenarios of Utility NFTs in Latest Roadmap
Double Protocol, the fully decentralized Rental Protocol for utility NFTs renowned for pioneering the NFT rental standard ‘ERC-4907’, has revealed its roadmap for 2022-2023, which lists a number of goals that Double Protocol is working towards in order to achieve its mission of unlocking the liquidity of utility NFTs. Some of the features planned for utility NFTs according to the roadmap include leasing, subscription, rent-to-own (buy-now-pay-later), IP licensing, and usage rights transactions. Double Protocol is the project developed by Emoji DAO.
ERC-4907, which received ‘final’ status last month to become the 30th ERC standard on Ethereum, is a revolutionary token standard that streamlines NFT rentals by introducing dual roles of ‘owner’ and ‘user’ at the token standard layer. This makes the NFTs rentable by default and allows NFT projects to adopt the standard by adding just a few lines of codes to check whether an address is the current valid user or the owner.
This allows NFT projects to spend more time working on the product instead of focusing on the NFT rental functionality at the application layer. Further, the application of this standard greatly reduces the development and integration costs of utility NFT leases such as in games, metaverses, and membership cards, enabling more liquidity of NFT assets.
Double Protocol has already deployed its rental protocol on both the Ethereum mainnet and BNB chain and plans to expand to other major EVM chains like Polygon by the end of 2022 and eventually to non-EVM chains like Solana by 2023.
The first goal on the roadmap in 2022 is the launch of the ‘subscription’ feature. The ‘subscription’ feature will begin with the launch of ENS subdomain issuance going live at the beginning of August. As a part of the development of its subscription feature, Double Protocol has also proposed ERC-5007, a time-based NFT token standard designed for subscription NFTs.
Other goals planned for 2022 include launching support for the rental of ERC-1155 NFTs and the rent-to-own feature. In order to support the rental of ERC-1155 NFTs, Double protocol has introduced ERC-5006 (an ERC-1155 compatible version of ERC-4907) which is now in the status of ‘review’. As for its ‘rent-to-own’ feature, it can be simply described as a form of ‘buy-now-pay-later’ feature.
The rent-to-own feature will allow an individual to eventually buy a utility NFT by paying part of the price of the NFT in the beginning and gaining access to the usage rights of the NFT in the form of ‘renting’. Once the individual pays the whole price of the NFT over a duration of time, they switch from ‘renting’ to ‘owning’ the NFT. This feature will be extremely useful for allowing users to purchase valuable NFTs that would be unaffordable otherwise.
Coming to the 2023 section of the roadmap, there are two goals that immediately catch our eye, i.e., the launch of two additional features for utility NFTs- the ‘Free Trial’ and ‘licensing’ features.
The ‘free trial’ feature allows projects such as games and metaverses to grant new users access to usage rights of utility NFTs temporarily. This allows the projects to onboard new users by providing them true access to the full premium experience of the product. The ‘licensing’ feature, on the other hand, will enable partnered projects to share the usage and other IP rights of the NFTs with the licensee under customizable timeframes and compensations.
While all the features spoken of so far may seem like very different business applications of ERC-4907, the underlying business logic for all of them has the same foundation: the trading of usage rights for a given period of time. In addition to these features, Double Protocol is also planning the launch of two ‘tools’- the ‘collection management’ tool and the ‘guild management’ tool in 2022 and 2023 respectively. All of these goals on Double’s roadmap signal a truly exciting and utility-packed future for the protocol.
Torches, the lending protocol on KCC, opens TOP Mining with up to 900% mining rates
Torches Finance, the decentralized lending protocol, announces the official launch of TOP — Torches (TOR) token Points — Mining. By participating in the supply-and-borrow feature, users will be able to obtain TOP rewards, which can be exchanged for TOR tokens with a certain coefficient before the TOR token launches.
Built on the KuCoin Community Chain (KCC), Torches grew to the top lending protocol with its total market size at more than $3 million. Starting from July 15 at 10 am UTC, Torches allows users to get TOP rewards for supplying or borrowing crypto assets available on the platform. In addition, Torches will open burning and boosting periods from July 18, and users can boost the mining rate up to 900% by burning Torchlight, the Genesis nonfungible token (NFT) collection of Torches Finance, within the specified time. Different Torchlight rarities have different TOP Mining-boosting buffs. Currently, Torchlight can be traded on the MojitoSwap NFT Marketplace.
With its rapid growth, Torches achieved one significant milestone after another. On July 8, Torches announced a strategic investment by KuCoin Ventures, the leading investment arm of the global crypto exchange KuCoin. Then, it developed a strategic partnership with KuCoin Wallet on July 9. Torches, the top lending protocol deeply incubated by KCC, will receive multiple resources from KCC, including products, market, liquidity support and more. As the infrastructure of KCC, Torches is expected to further cooperate with KCC in the future to improve users’ asset utilization and enrich the on-chain decentralizd finance (DeFi) ecosystem.
Eric Spark, chief media officer of Torches said, “We are honored to have received the support of KuCoin Ventures and KCC in the early stages. As the infrastructure of KCC, Torches is committed to being the most convenient and popular lending protocol on KCC and even in the whole decentralized world. In addition to exploring technology and products, we also hope to bring users a better on-chain experience through various activities. TOP Mining is not only an incentive for Torches’ liquidity providers in the early stages [but] it also allows more users to enjoy the seamless crypto lending experience that Torches offers. By improving users’ asset utilization and enriching their crypto investment options, Torches will open the door of a decentralized world for more users and accelerate the development of the KCC ecosystem.”
Currently, the smart contract on Torches has been audited by PeckShield, and both parties have made multiple optimizations on smart contract permissions, oracle mechanisms and operation logic. With the release of a series of operational activities such as TOP Mining, Torches will significantly increase its market exposure and share and is expected to become the first phenomenal DeFi project on KCC.
About Torches Finance
Torches Finance is a decentralized lending protocol based on KCC, supporting mainstream crypto assets such as Bitcoin (BTC), Ether (ETH), KuCoin Token (KCS), Tether (USDT), USD Coin (USDC) and more. Users can earn TOR tokens by both depositing and lending assets on Torches Finance.
Visit Torches Finance: torches.finance.
KCC is a public chain project initiated and built by the developer community of KCS and KuCoin, aiming to solve the network latency and high gas fees of Ethereum. KCC is Ethereum-based and compatible with Ethereum Virtual Machines and smart contracts to provide community users and developers with a higher-speed, more convenient and lower-cost blockchain experience.
Visit kcc.io to learn more.
DEXILON Launches Testnet To Power The Future Of Derivatives Trading
DEXILON, the fully decentralized derivatives exchange, today announces its testnet launch, paving the way for institutional-grade trading derivatives.
DEXILON is a next-generation decentralized derivative exchange and ecosystem which can be utilized to launch derivative contracts for non-crypto assets such as metal, energy and soft commodities, and foreign exchange (FX).
DEXILON – which has raised $2M in seed funding – is backed by GSR, Youbi Capital, Fenbushi Capital, Ledgerprime, and Cipholio Ventures.
“Unlike black box centralized exchanges and slow and expensive decentralized exchanges (DEXs), DEXILON has radically transparent trading logic with lightning execution and highly competitive costs,” said Co-Founder Maksym Aptilon.
“We are creating a first-in-class, institutional-grade derivatives DEX infrastructure.”
This is all made possible with native blockchain developed specifically to operate a decentralized exchange. The native chain is built on top of the Cosmos SDK and, together with a decentralized matching engine and proprietary oracles, DEXILON aims to open up a new era of trading derivatives.
A heaven for market makers, DEXILON offers a combination of best trading execution perks with a revolutionary fee structure, all aimed to substantially reduce the cost of running market making. For example, there is no gas cost for the trader but rather it is covered as a portion of taker fees. “Once we reach deep liquidity, retail will follow in search of more transparent ways to trade derivatives,” Maksym continues.
DEXILON aims to be the cheapest all-in trading solution, boasting features to protect the market from flash crashes. For this, the team developed an innovative liquidation pool where users can bid for a liquidated position instead of selling them off in the market. The idea comes from a traditional finance strategy called block trading. “We are creating new profit frontiers unseen in other exchanges,” Maksym said.
Founded in 2021, DEXILON plans its mainnet launch for later this year.
Tothesmart Is an Exclusive New Smart Contract Built on the Binance Smart Chain Blockchain
Now there is no need to buy expensive equipment and pay for electricity, you can simply buy virtual miners from Tothesmart and earn up to 5% per day in passive income.
What is Tothesmart?
Tothesmart is a Play to earn mining Farm built on the Binance Smart Chain blockchain.An open smart contract with a unique mathematical model based on the successful mining model of bitcoin and other cryptocurrencies.
The goal is to create a large international community and further develop the Tothesmart ecosystem in the cryptocurrency market, where all early community members will be generously rewarded when launching new product.
It works simply. Users buy miners and each miner brings in 1 MineToken every second. You can sell the tokens for Stablecoin Busd or reinvest in buying miners to earn more.
In the project there is an Ambassador program, participants can earn income from each purchase of miners as well as income of their followers for 7 generations in depth. The full analysis of the Ambassador program can be found on the https://tothesmart.com website in the WhitePaper section.
Another big difference of Tothesmart is that not only the fastest and the first one win, the last one gets everything!
Thanks to the Time Pool mechanism you won’t have to worry about being the last player to buy miners. To be the last – it means to win.
1% of each purchase and sale in the Tothesmart contract is transferred to the Time Pool smart contract.
If no one else has bought any miners within 60 minutes of your purchase, the entire Time Pool balance is automatically transferred to your wallet address. Anyone can be a winner!
The problem with all these miners is that the user who came in at the very start of the project is making a super profit by rapidly increasing the balance of the contract from zero to first million.We have solved this problem and made our economy balanced and stable, thanks to a formula that will add Busd to the current balance up to an amount equal to 500,000 Busd, until the balance of the contract has overcome this mark.
Also in the smart contract included a free bonus. Anyone can get 10 Busd worth of miners as a gift at the current rate.
Tothesmart has a good chance to get into the top PlayToEarn projects this year.
You can join the international community right now:
Telegram channel https://t.me/tothesmartofficial
Community chat https://t.me/tothesmartofficialchat
ECO Cashew is set to close a 23.5 Million Euro Multi-year Cashew off-take agreement with a major European Food Group while preparing for their ISPO event
The need for projects with real-life use cases has been a major topic for discussion in the blockchain ecosystem. This is because these projects can directly impact lives, change the narrative around cryptocurrencies and massively drive their adoption among everyday people.
More than ever, we’ve seen an increase in the number of these projects, each focused on improving different aspects of human experiences using blockchain technology and cryptocurrency as a tool. An example of such is EcoCashew, a fast-rising project combining the world of charity, blockchain, and mechanization to impact the life of Cashew farmers in Africa.
In recent news, the project announced its 23.5 Million Euro partnership agreement with a major European food group in the pipeline. This is a big step as every cause, no matter how noble, requires the right partnership to achieve true success, and Eco Cashew is evidently on its way to success with the partnership agreement in the works.
What is EcoCashew?
EcoCashew is an innovative project using asset-backed CashewF tokens and blockchain technology to enable West African cashew producers to receive fair trade prices and earn an honest livelihood.
The project intends to build a processing facility in West Africa, where 50% of world’s Cashews are cultivated so as to process farm products locally rather than sending them to Asia as has become customary. Through this manufacturing facility, they will be able to reduce the cost of round-trip transportation, which will be diverted to increasing the farmers’ revenue, pay token holders, and provide locals with stable employment opportunities.
Also, to achieve this goal, EcoCashew has created CashewF and Cashew tokens, which are cryptocurrency coins on the Cardano network. These tokens provide everyone the chance to take part in a worthy cause and earn APY on their token holdings.
The project is led by Mr. Ronald Buijk, with over 25 years of experience in West Africa and an understanding of the region’s dynamics in order to effectively execute a cashew processing factory in the region. The initiative is focused on attaining the United Nations Sustainable Development Goals using their own dynamic approach.
Why should anyone be a CashewF token holder?
The CashewF token gives a dual opportunity to every investor. A chance to do good and an opportunity to enjoy massive profit on investment. Currently, to raise money for the manufacturing facility, EcoCashew is selling the first 7 Million CashewF coins at an enormous discount. This presents an opportunity for investors to get in early and enjoy early supporters’ benefits at a meager cost.
For instance, the EcoCashew structure provides a 24 months reward program where every holder of 1000 CashewF tokens or more enjoys 12% APY, i.e., 1% nominal profits monthly from the moment of activation of the factory. These earnings will be automatically remitted to all ADA wallets like Eternl, Yoroi, Nami, etc., where the owners have total control over their ADA and other tokens like CashewF.
EcoCashew is reinventing cashew processing in Africa while changing the narrative for farmers and returning cryptocurrency income back to investors. Simply revolutionary.
EcoCashew ISPO and how to participate.
ISPO is a crypto acronym that stands for initial stake pool offering. It is a novel technique for crypto fundraising and was first launched on the Cardano blockchain.
In recent news, EcoCashew announced its ISPO event scheduled to take place on the 9th of July alongside the different highly trusted stake pools which will be participating in the EcoCashew ISPO. This will enable them to reach, collaborate and engage more Cardano crypto community.
The event set for the 9th of July will run for 7 Epochs, with each Epoch providing access to 50,000 CashewF tokens (5% of 10 Million). This will total 350,000 CashewF tokens airdropped over the 7 Epoch duration.
To be eligible to receive your CashewF through the Vending Machine, join the Staking Pools by delegating your ADA in your private Cardano wallet today to one of ISPO pools listed above.
Future plans and Projections.
The EcoCashew project is highly driven and focused on achieving their goals with various projections on what is to come. One of the plans ahead is the integration of limited edition NFTs with the SDGs as the topics. This will be awarded to ISPO participants who allocate at least 500 Cardano – ADA during the course of the EcoCashew ISPO 7 epochs.
Additionally, a distributor in Europe who wants to purchase as many cashews as possible from the Future EcoCashew Fair Trade factory in West Africa is about to sign a three-year, $24 million contract with them because they believe it to be a wise and sustainable course of action that merits their support.
Indeed, the EcoCashew project is a highly innovative and novel solution solving real life problems for everyday people in Africa while benefiting others from every region of the world.
For more information on EcoCashew, Visit:
Wanchain Announces Successful ‘Saturn’ Hard Fork, Setting Deflationary Path Forward
Wanchain has successfully launched its new Saturn hard fork, which introduced several network improvements and completely overhauled the network’s fee market. The Saturn hard fork was activated at Block 21,454,700 at 06:47 am UTC on July 5.
The Saturn Hard Fork
With the Saturn hard fork upgrade, each transaction on Wanchain will involve burning a base fee, which automatically decreases the WAN circulating supply – in a process similar to that of Ethereum’s EIP-1559. Additionally, the Saturn hard fork upgrades Wanchain’s EVM, making it fully compatible with the Ethereum London EVM.
EIP-1559 Protocol to Increase Deflation
The introduction of the EIP-1559 protocol makes major adjustments to the network’s fee market and serves as a sustainable WAN burning mechanism. Now, every transaction includes a base fee that is burned, thereby reducing WAN circulating supply and adding deflationary pressure on WAN. The Saturn hard fork also introduces the concept of a “tip,” or priority fee, that users can choose to pay if they want their transactions to be prioritized by the network.
EVM Opcodes and SHA-3
Saturn also upgrades Wanchain’s EVM to be fully compatible with Ethereum’s London EVM by supporting the latest EVM opcodes. This increased interoperability enables Solidity developers to more easily migrate their applications to Wanchain. For instance, as a result of Saturn, Ethereum-based tools such as MetaMask, Remix and Truffle are now fully compatible with Wanchain.
Saturn further adds support for new cryptographic hash functions, including SHA-3. Adding native support for SHA-3 offers performance and versatility benefits and increases interoperability with projects using SHA-3.
Gas Limit Adjustment
Saturn additionally adjusts Wanchain gas limit per block to 50 million, which influences the number of transactions that can fit in a block. Wanchain’s gas limit per block is now higher than Ethereum’s, which is set to 30 million. As a sustainable PoS network, Wanchain achieves this without sacrificing the network’s high transaction speed and low transaction fees.
The Saturn hard fork represents the biggest technological leap forward for Wanchain with numerous advancements in the protocol, with improved functionality, performance, and cost, as the company sets off on a deflationary path forward.
We are all connected — Wanchain, the Wide Area Network chain, is the world’s premier decentralized blockchain interoperability solution. The company’s mission is to drive blockchain adoption through interoperability by building fully decentralized bridges that connect the world’s many siloed blockchain networks. This cross-chain infrastructure empowers developers to build truly decentralized cross-chain applications to power the future of Web3.
TRON Breaks the 100 Million Users Mark, Celebrates Mainnet 4th Anniversary, and Announces Huge Hiring Push Amid Market Meltdown
Geneva, Switzerland / June 28 / – TRON user accounts have reached 100,048,526, officially breaking the 100 million ceiling, according to data from the blockchain browser TRONSCAN, as of June 25. On the same day, TRON Mainnet celebrated its 4-year anniversary since network independence.
Launched in May 2018, the mainnet of TRON is one of the three major public chains worldwide and remains committed to building the infrastructure for the decentralized internet. As a result, TRON has become one of the world’s largest and longest-running blockchain platforms.
TRON integrated BitTorrent into its ecosystem in July 2018, a pioneer in peer-to-peer file-sharing protocol and Web3 services. Its distributed technology allows creators and consumers to have autonomous control over their content and data while being innovative and highly scalable, with more than 170 million monthly active users.
Since 2021, TRON has substantially grown its presence in the NFT sector. In March 2021, the TRON-based TRC-721 NFT standard was established, which helped improve one of the world’s largest distributed storage systems, BitTorrent File System (BTFS), to support NFTs and blockchain-based assets. The community has since built a comprehensive infrastructure and partnered with GameFi and NFTFi projects deploying on the TRON blockchain, such as APENFT Marketplace and WIN NFT Horse.
Currently, the total number of transactions on TRON has exceeded 3.4 billion, the daily transfer volume of stablecoins has surpassed $10 billion worth of U.S. dollars on multiple occasions, and the daily settlement stands at least five times that of PayPal. TRON has no doubt already established a leading global clearing infrastructure layer. More recently, the TRON DAO Reserve was founded in May 2022, guiding the world’s first over-collateralized decentralized stablecoin USDD and providing 24/7 transparency on real-time collateralization.
TRON dApps have seen tremendous expansion during the past few years. TRON now boasts one of the largest dApp ecosystems in the world and commands a leading position in areas such as stablecoins, DeFi, NFT, and distributed storage, among others.
After four years of sustained growth, TRON DAO is also thrilled to announce that our team is further expanding, offering a unique opportunity – to work directly with a Layer 1 Blockchain and touch every corner of our industry. The company has a fun, diverse, and challenging work environment that fosters creativity, efficiency, and teamwork.
TRON continues to thrive amidst a market for rescinded job offers and staff cuts. Despite the volatile market, TRON is taking this opportunity to scale up and align its internal culture around a set of shared values that remain driven and forward-thinking as they enforce its mission to accelerate the decentralization of the internet via blockchain technology and decentralized applications (dApps).
Join us and help BUIDL the future of Web3! View open positions here.
About TRON DAO
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of June 2022, it has over 100 million total user accounts on the blockchain, more than 3.4 billion total transactions, and over $9.2 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.
Todd Goldman and PopCulture, Inc. Partner With Quidd for Mintable Collections
June 27th, 2022, New York: Todd Goldman and PopCulture, Inc. have partnered with Quidd, the original digital collectibles and NFT marketplace, owned by Animoca Brands, to bring multiple new mintable NFT collections.
Quidd, founded in 2016, is the first marketplace built for buying and selling limited-edition, individually serialized digital collectibles, and NFTs. With its unique mintables technology and easy-to-use platform, Quidd brings accessible digital and NFT collecting to mass audiences.
Todd Goldman is an American artist that prides himself in being unpolished, politically incorrect, and laugh-out-loud funny through his art. His simplistic childlike paintings and light humor is what have made Todd and his licensing merchandise company a huge success among every age group. Todd’s unapologetic irreverent humor and cartoon pop art are like nothing else out there, which is quite refreshing in today’s gutless, cancel-culture society.
Goldman’s partnership with Quidd allows him to bring his art to digital collectibles and NFTs for the first time. The pop artist offers a unique artistic sensibility combined with clever humor and fun imagery. With an impressive 20+ year art career, Todd’s irreverently fun brand is clearly adored by his fans.
“Todd’s style is so incredibly friendly, but when you look closer you see the wink-wink fun that he plays with, debating our notions of what this kind of IP looks like and how fans interact with it,” said Sam Barbeire, VP of Content at Quidd.
“I have a dry sense of humor and wanted to do something different that no one else was doing in the art world. Obviously, I’m no Rembrandt, so instead, I try to make people laugh through my art,” said Todd Goldman when asked about his art style.
“Todd is the greatest artist of this generation.” Todd’s dog, Muppet – He made me say that and threatened to take away my treats otherwise.
The first drop, Underwearimals, debuts in June and will feature a new collection from Todd, which includes animals in their tighty whiteys. Yes, even animals wear underwear…well, in Todd’s world they do.
Quidd, a subsidiary of Animoca Brands, is the original digital collectibles and NFT marketplace. For over five years, Quidd has worked with the world’s most prominent brands including Disney, HBO, Funko, and over 300 others in bringing fan-first collecting to digital and blockchain platforms. The Quidd marketplace is the most innovative, robust, and accessible platform for digital and NFT collecting experiences. Visit https://market.onquidd.com and find the apps here.
About Todd Goldman
Todd, like everyone else, had a childhood dream. His dream was to become a Brazilian Olympic figure skater. But unfortunately for Todd, he wasn’t Brazilian and didn’t know how to ice skate. That and Brazil didn’t even have an ice skating team. Sure Todd looked great in sequin tights, but he had to hang them up for the time being, and find something else to do with his life.
But Todd always knew he was special. Not “wear a helmet and ride the short bust” special, just special in a unique kind of way. And that uniqueness was reflected in Todd’s humor and drawings. So that’s what Todd did, he became an artist. A different kind of artist…One that makes people laugh with his art. And believe it or not people actually took a liking to it. So much that Todd’s art can be seen on all kinds of cool products. From t-shirts and mugs, to pajamas and greeting cards, to pillows to tote bags, and soon to be NFT’s.
In addition to merchandise, Todd’s paintings and prints are sold in art galleries all around the world. Plus, Todd has over 40 books published and several animated TV shows and movies in development. So as you can see Todd keeps himself busy. Sure, Todd sometimes ponders what his life could have been as a Brazilian figure skater…but honestly, he is quite happy making people laugh with his art. And yes, Todd still wears his sequin tights around the house.
About PopCulture, Inc.
Pop Culture, Inc. is a Web3 company focused on providing IP and content for digital and metaverse spaces. Pop Culture, Inc was started by the founders of the Los Angeles Comic Con, Los Angeles’ premier comic, anime, cosplay, and gaming convention. Pop Culture, Inc is working on incorporating NFT collectibles for the Comic-Con Metaverse, as well as other Web3 Spaces such as Binance, Opensea, and Quidd. Visit https://nyaching.com/ for more information on Nyaching.
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