TRON, one of the world’s largest underlying blockchain systems. Acquired BitTorrent in 2018 and now has more than 100 million users worldwide. Cred (LBA) is the world’s leading provider of cryptocurrency community financial services. With more than $300 million in lending lines of credit.
Cred’s entry into the TRON ecosystem will allow holders of native tokens TRX to receive up to 10% annualized returns on their deposits through various wallets and dapps on the Tron chain. Cred (LBA) will also support the rapid growth of the Tron ecosystem. Which is by providing the Tron developer community with popular digital cryptocurrency-based loan products.
In addition, Cred will provide a 10% annualized benefit to users who deposit at least $25,000 in TRX equivalent through https://mycred.io/tron.
Cred’s lending is based on the borrower’s excess collateral. And it also offers wealth management benefits based on crypto-digital assets and several mainstream fiat currencies (dollars, euros, pounds, etc.). To make money on their deposits, TRX holders transferred their crypto-digital assets into their exclusive CredEarn wallet. With a fixed maturity of six months, paying quarterly interest in stable COINS and returning a portion of the principal at maturity.
On May 7, according to the latest data from TRON blockchain browser (https://tronscan.org) : Tron blockchain height reached 9014155, exceeding 9 million. Previously, Tron daily trading number 10 consecutive daily break 2 million.
With the development strategy of DApp constantly promoted by Tron. More and more intelligent contract developers will settle in TVM. While the Tron ecology will gradually become stronger. It will also usher in more trading volume and help the blockchain technology to truly realize the value landing. In the future days, wave field will continue to strive for a greater breakthrough!
Also,VenaPi which is the biggest wallet in Tron ,their users over 30,000.
The bitcoin foundation announced that the first 11 most influential people in the blockchain industry will join the initiative as goodwill ambassadors. Among them, Justin Sun, founder of TRON, as one of the most influential goodwill ambassadors in the Binance & security blockchain industry, will work closely with Binance & security charity, and call on the public to pay attention to the charity of blockchain, so as to contribute to the implementation of the blockchain in the charity industry.
The charity will work with 11 of its ambassadors to improve the nutrition. Health and education of vulnerable children by supporting transparent philanthropy. Unlike traditional philanthropy, all donations to Binance charity go directly to the ultimate beneficiaries. Ensuring a transparent, efficient and low-cost operation.
CEO Zhao ChangPeng has high hopes for the plan: “transparency will revolutionize the charity industry.” “” from the ‘love BTC’ in 2014 to the current Binance charity. We have finally witnessed the growth of blockchain philanthropy as it should be.” “said He Yi, co-founder and CMO of Binance charity.
The original intention
Other goodwill ambassadors have also expressed their full support for the charity initiative. Bitcoin mainland co-founder JiHan Wu said blockchain will empower philanthropy. ‘we are greater for helping others,’ says NEO founder Hung Fei Da, known as “Da-uncle”.
The original intention of bitcoin security charity to launch a completely transparent charitable donation platform. Which is based on the block chain technology and launch the “Binance security children plan” is to solve social development problems. And empower the society through the block chain technology, and it is expected to enhance the public’s understanding of the block chain through these actions and promote the implementation of the block chain technology.
The charity has provided free lunches to about 3,700 students and teachers at 11 schools in Uganda. The goodwill ambassador program will support bitcoin charity’s broader bitcoin for children program in Africa. Supporting more than 100,000 children in 160 schools.
TRON will also cooperate with you to spread the idea of charity to the whole world. Drive transparent charity through blockchain, and create a better future for children in more backward areas!
Countries are intrigued by the huge opportunities emerging in the cryptocurrency market. What is more, the hope is that “cryptocurrencies” will revive the country’s economy.
As we know, so far the countries that have strongly supported “cryptocurrencies” are: east Asia for Japan and South Korea, southeast Asia for Singapore, Europe for Malta and Greece, South America for venezuela and so on. But some countries are in order to grow and develop, but some are desperate, unable to save the market. So can the state save the market by “parallel cryptocurrency”? Today, we will be a brief analysis.
Take the Greek debt crisis, for example. Greek Banks reported that they were working on an emergency plan for depositors to deal with creditors, and that they would have to come up with relative emergency measures to save the market if Greece were to gradually collapse. So Greece’s eyes turn to “parallel cryptocurrencies.” will Greece choose parallel cryptocurrencies?
Greece, in addition to being famous for the acropolis, is also internationally renowned for its debt problems. The root cause of the Greek debt crisis is that the competitiveness of the Greek economy is relatively weak, the level of economic development is relatively low among eurozone countries, and the economy is mainly supported by tourism. After the outbreak of the financial crisis, the number of tourists around the world has been greatly reduced, which has caused a great impact on Greece. At the same time, Greece exports less and imports more, and has a long-term trade deficit within the euro zone, leading to capital outflow, so it borrows to live.
legal or virtual currency
Forced to find a way out, Greece has no choice. The mayor of Agistri, Greece, has embarked on a bold “blockchain test”. The point is: a blockchain-based digital currency is the best option for tourists in Greece.
Events similarly – at the beginning of 2013, a small European country Cypriot government in order to get external rescue party benefits, such as the European Union, launched a severe deposits tax, capital controls, imposing a tax on bank depositors, tax rate is as high as 20%, the people of the backlash, in order to prevent property shrinkage, can the COINS as a store of value investment products, to buy the currency, then the currency prices from the original a few CNY, a once rose to 8000 CNY.
Instead, it seems, the external debt crisis has catalyzed the development of cryptocurrencies. But countries do not give up their legal tender for “virtual currency”. But what happens if they do both?
Let’s imagine that countries launch their own cryptocurrencies and start converting fiat currencies into cryptocurrencies, thus advancing their centrally managed programs to save the central bank from losing its edge on currency manipulation. Sounds like it’s still working.
But Greece lacks the resources to issue a legal cryptocurrency linked to oil or gold.
Instead, venezuela has done the same: it has announced the pre-sale of petrodollars, the world’s first legal digital currency.
By issuing digital currency, venezuela intends to solve the problem of legal currency inflation in the country, so as to save the danger of economic collapse and break through the economic sanctions imposed by the United States and the European Union.
But the situation is difficult to break through and reverse. After all, because of venezuela’s past “credit problems”. Petrocurrency is not only difficult to attract international buyers. But even venezuelans do not buy petrocurrency in large quantities. At the same time, the authorities have not perfected the details and rules of digital asset management. And the oil price remains low and output keeps falling. Making it difficult for “petrocurrency” to become a real currency.
It can be seen that all as capital economics analyst said. “virtual currency can not solve the fundamental problem of fiat currency inflation.” At present, there is no successful case that the cryptocurrency can successfully save the market. But it is more effective in theory, and more exploration and innovation are needed in reality.
Recently, the Japanese media COIN OTAKU published an article. TRON announced that the DApps platform would abide by Japanese laws. The article mentioned: the TRON foundation announced on March 31 that it would comply with Japanese laws in its DApps dissemination activities in Japan. One of the reasons this event was reported by Japanese media is that TRON. As the DApps platform of crypto assets, is the first case in Japan to show compliance with Japanese laws.
COIN OTAKU is one of the largest cryptocurrency and blockchain media under the leadership of kenji ITO. A well-known figure in the local currency circle in Japan, as the editor-in-chief, providing Japanese investors with high-quality and important blockchain news.
For the TRON ecology, the trc20-based USDT comes online, which is a big deal! TRC20 version of USDT was released by Tron in cooperation with Tether, for which Tron launched an early user incentive program worth 100 million RMB.
From May 7 to August 14, solstice, TRON will join hands with the world’s top digital asset exchange, huobi, OKEx, etc., to provide free USDT payment in the form of TRC20 version of USDT token interest rate reward, encouraging users to convert usdt-omni to trc20-based USDT.
The incentive scheme, which runs until August 14. He will give bitcoin holders a daily return on the interest they earn from the airdrops. With up to a 20 per cent annualized reward. In response to this award. Many netizens expressed that they did not understand: what advantages would USDT play in the Tron network? What exactly is the 100 million RMB incentive plan?
Previously, Justin Sun, founder of TRON, conducted a live broadcast on a live broadcast platform to answer relevant questions about Tron ecology for community partners. Let’s look at video!
On April 25, Justin Sun, founder of TRON, tweeted that the total amount of USDT developed based on the Tron network TRC20 protocol，It has exceeded 100 million, accounting for 3.5 percent of the total amount of current USDT issuance. It is reported that the total amount of current USDT issuance is 2.8 billion. In addition, Justin said, it is hoped that the USDT distribution proportion of TRC20 version will exceed that of erc20-usdt in the second quarter. And reach 50% of the total circulation in 2019.
TRC20 version of USDT was released by Tron in cooperation with Tether. For which Tron launched an early user incentive program worth 100 million RMB. From April 30 to August 7, solstice, TRON will join hands with firecoin. And also, OKEx and other top digital asset exchanges in the world to provide free and generous interest rate rewards.It’s about in the form of trc20-based USDT token.It encouraging users to convert usdt-omni to trc20-based USDT. The incentive scheme, which runs until early August. It will give holders a daily return on the interest they earn from the airdrops. With up to a 20 per cent annual bonus.
According to Justin Sun, founder of TRON, Tron has officially reached strategic partnership with English premier league powerhouse Liverpool football club. Premier league powerhouse Liverpool football club has sent us an invitation to cooperate with TRON on a strategic basis.
Liverpool fc is an English football club located in the port city of Liverpool. merseyside in the northwest of England. It was founded on June 3, 1892. Liverpool dominated English and European football in the 1970s and 1980s. And they have won 18 top league titles, seven fa cups, eight league cups. Five champions league titles and three uefa cups.
In early march, TRON partnered with Tether to bring USDT tokens to Tron blockchain. The USDT token developed based on the TRC20 protocol can achieve interoperability with the Tron-based protocol and decentralized applications, and enable users to conduct transactions and exchanges with coin-linked currencies in the entire Tron network.
In order to let more community members know about the USDT developed based on TRC20 protocol. on April 9, 2019, TRON community members held the second USDT special meeting UP in San Francisco. Which was developed based on TRC20 protocol. More than 60 people attended the meeting. The response was enthusiastic!
First, Carbon Money CEO SamTrautwein gives a comprehensive overview and introduction to stable bitcoin. Second, Trautwein StableCoins talks about the gap between traditional banking and future banking. Separately, Dan Schatt, President of Cred. A decentralized global Lending platform dedicated to open access to credit anytime, anywhere, spoke about StableCoins and Lending.
On April 22, according to the latest data of TRON blockchain browser (https://tronscan.org). The total number of real-time total accounts of Tron reached 2604398, exceeding 2.6 million.
In the past six months, TRON ecological network has developed rapidly and ushered in unprecedented growth and visualization data explosion. With the development strategy of DApp constantly promoted by Tron. More and more intelligent contract developers will settle in TVM. While the Tron ecology will gradually become stronger. It will also usher in more trading volume and help the blockchain technology to truly realize the value landing.
In the future days, Tron will continue to strive for a greater breakthrough!