Blog

USDD Upgrades into the First Over-Collateralized Decentralized Stablecoin
Geneva, Switzerland, 5th June, 2022 — TRON-based USDD has joined the league of global crypto titans, surpassing several significant milestones in less than one month since its May 5 launch.

The blockchain industry’s most distinctive trait is constantly evolving and transforming traditional sectors rapidly, bringing revolutionary technologies to the world and financial markets worldwide.

USDD has continued to build since its launch, solidifying organic growth, and aspiring to advance the Stablecoin 3.0 era to make finance accessible to all. With a total circulating supply of nearly 700 million, the TRON-based USDD has recently upgraded itself to the first over-collateralized decentralized stablecoin (OCDS), offering faster transactions with the highest collateral ratio around the globe.

As one of the most secure decentralized stablecoins, USDD enjoys a guaranteed collateral ratio of at least 130%, higher than the 120% set by DAI, which is considered a paragon of the industry. The real-time collateral ratio of USDD is published on the TRON DAO Reserve’s website, publicly available 24/7.

While allowing the TRON DAO Reserve members to continue minting USDD by burning TRX, the upgrade consolidates USDD’s stability and credibility by over-collateralizing assets under the TRON DAO Reserve (TDR). These reserve assets would include BTC, TRX, and multiple stablecoins like USDC, USDT, TUSD, and USDJ, at a ratio of 130% to back the issuance of USDD. In other words, every USDD is supported by at least $1.3 worth of BTC, TRX, stablecoins, and potentially other highly liquid assets.

The TRON DAO Reserve is currently holding 10,500 BTC, 240 million USDT, and 1.9 billion TRX in the reserve account, on top of the 8.29 billion TRX already in the burning contract. The real-time collateral ratio is now over 200% – a total $1.37 billion of assets backing the 667 million USDD in circulation.

“Spearheading the Stablecoin 3.0 era, the upgraded, over-collateralized USDD will add more diversified features to underpin its stability,” said H.E. Justin Sun, Founder of TRON. “The $10 billion reserves pledged by the TDR will enable USDD to become the most reliable decentralized stablecoin with the highest collateral ratio in blockchain history. Currently, the 200%+ collateral ratio offers USDD a very strong safety net.”

To power the over-collateralization of USDD, the TDR has greatly increased its reserves, including the highly liquid BTC, TRX, and USDT, to back USDD’s total supply. Users worldwide can access the information by querying on-chain contracts at any time, and the collateral ratio is transparently maintained.

Stablecoins are the faucet of the blockchain industry, and it’s critical to ensure their security, transparency, efficiency, affordability, and scale, all of which criteria make USDD a highly desirable option. This upgrade has strengthened USDD, adding an extra layer of security to the token’s stability and risk tolerance in a way similar to how Maker powers DAI.

The DAI token, supported by Maker, is one of the oldest and most resilient stablecoins in the DeFi field. Its success is an excellent example of the decentralization of stablecoins. USDD runs on TRON, one of the largest stablecoin networks. Millions of TRON users, as well as those leveraging the BTTC cross-chain solution, are experiencing the complete decentralization of stablecoins, which in turn shows how blockchain technology practically reaches the masses.

So far, USDD has been circulating on TRON, Ethereum, and BNB Chain. It’s also embraced by numerous popular platforms, including SUN.io, Uniswap, PancakeSwap, Curve, Ellipsis, KyberSwap, Poloniex, Huobi Global, KuCoin, Gate.io, and Bybit. Industry leaders such as Alameda Research, Amber Group, Poloniex, Ankr, Mirana, Multichain, FalconX, and TPS Capital have already joined the TDR membership as a whitelisted institution, with more names soon to be announced.

In addition, behind the TRON blockchain, thrives a vibrant community led by the TRON DAO, one of the largest DAOs in the world. As of June 2022, TRON has registered over 96 million user accounts, over $55 billion worth of assets stored on-chain, and an average daily transaction value of $10 billion across the network.

In the near future, the TRON-based USDD will quickly embrace additional ecosystems and major applications. USDD will lead the way into a new era for stablecoins as it grows in supply and user adoption, ushering in the next stage of decentralization across the blockchain industry worldwide.

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 96 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $12.3 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether stablecoin (USDT) across the globe, overtaking USDT on Ethereum since April 2021. TRON is also currently the third largest blockchain hosting the USD Coin (USDC) created by Circle. 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, the TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.

TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum

Contacts
- Feroz Lakhani
- press@tron.network
June 5, 2022
Solana Network Restarts Following 4 and a Half Hour Outage
Key takeaways:
- Solana went dark for the third time since April on Wednesday, after a bug caused network nodes to generate different results
- The network suffered a series of partial outages in January, leading to an uptime of only 96.4% during the month
- In response to the latest network problems, the price of SOL took a hit and decreased by roughly 10%
Solana validator operators restarted the Solana Mainnet on Wednesday at 9 PM UTC

The Solana (SOL) blockchain went through another network outage on Wednesday, with block production halting for about 4 and a half hours.

Per a from SolanaStatus, Solana nodes “generated different results for the same block” due to a bug. This halted the process of adding new blocks to the Solana blockchain. User funds on the Solana blockchain were unaffected by the outage.

Solana validator operators restarted the Solana Mainnet at 9 PM UTC. At the time of writing, the Solana blockchain appears to be functioning normally.

Solana is one of the fastest smart contract platforms available today and also offers very low transaction fees to its users (only 0.000005 SOL per transaction). However, Solana has been facing technical difficulties and outages, which has soured some investors and users on the network.

According to the Solana Status website, the network suffered a series of outages in January of 2022, resulting in an uptime of only 96.4% during the month. The network also had outages on April 30 and May 1.

SOL, the native asset of the Solana blockchain, lost roughly 10% on the day of the outage. In comparison, the total cryptocurrency market capitalization was down 4.7%. With a $13.7 billion market capitalization, SOL is currently the 9^th largest crypto asset by market cap.

The technical difficulties might be a contributor to the poor performance SOL has displayed in 2022. The price of SOL is down 76.9% since January 1—88 coins in the cryptocurrency top 100 have performed better in the same time period.

To be fair, many native assets of other blockchain platforms have sustained comparable year-to-date losses. For example, AVAX is down 77%, and both MATIC and ALGO are down about 76% since January 1. For context, BTC is down 36.6% and ETH lost 51% of its value in the same time period.
June 3, 2022
KubeCoin, the Cryptocurrency for Travel and Leisure

After massive success with its presale consisting of three rounds, KubeCoin, the cryptocurrency that aims to revolutionize the travel and leisure industries, will officially launch on the 10th of June, 2022 through an Initial Coin Offering (ICO).

KubeCoin is part of the Kube Ecosytem, which is also home to FlyKube, a startup founded in 2017 offering surprise trips.

Built on the Cardano blockchain, KubeCoin is one of the most anticipated releases within the Cardano community and has garnered over 65K followers on Twitter ahead of its June launch.

The Barcelona-based project, conceived in 2021, will make the adoption of cryptocurrencies easier for everyone in the real world with the integration of KubePay, enabling seamless payments for the travel and leisure industries.

One of the most exciting aspects of KubeCoin is its integration into the entire Kube Ecosystem and several other established businesses. The Kube Ecosystem includes:

FlyKube: A start-up that curates surprise trips for its customers, with a gross yearly profit of 5,000,000€ After braving the Covid pandemic, the company continues to thrive in Spain, France, Italy, Portugal, Germany, Austria and Switzerland, with expansions in the works for the USA and UK.

EatKube: Utilizes the concept of surprise to transform and elevate the gastronomic experience. An expert team chooses from a curated selection of restaurants around Barcelona based on the customer’s needs and requirements.

KubePay: A wallet available for iOS and Android where users will be able to buy and sell KubeCoin and other Cardano-based coins. Travel and leisure products from the Kube Ecosystem platforms and global premium partners will be available for purchase as well. Users can also access the NFT Marketplace.

KubeIn: Investment fund focused on crypto and startup projects.

NFT Project: A unique collection of NFTs where holders will get first access to exclusive events, special sales, airdrops, and many unique benefits.

NFT Marketplace: An online marketplace for Non-Fungible Tokens.

WowKube: A secret project to be announced soon.

Thanks to the Kube Ecosystem, the KubeCoin project will have an extensive, real-world use case, enabling gradual and long-term scalability. This will enable a mass adoption of the coin, making it easily accessible for everyone.

The ICO will be on the 10th of June at 9 AM UTC. To participate, users can sign up on https://kubecoin.org and complete the Know Your Customer (KYC) verification procedure. Users can take part on the day of the official launch upon successful completion of the approval process.

June 2, 2022
Former OpenSea Executive Charged by Department of Justice after NFT “Insider Trading” Scandal
Key takeaways:
- Nate Chastain, a former executive at leading NFT marketplace OpenSea, has been charged with wire fraud and money laundering
- Allegedly, Chastain used insider knowledge of which NFTs will be featured on the OpenSea frontpage for his personal financial gain
- Chastain left OpenSea in September 2021 after the “insider trading” scandal first came to light
Former OpenSea exec charged with wire fraud and money laundering in connection to NFT “insider trading”

The U.S. Department of Justice (DoJ) has charged Nate Chastain, a former executive of the OpenSea NFT marketplace, with wire fraud and money laundering. The DoJ alleges that Chastain used confidential information for personal financial gain.

More specifically, Chastain allegedly used information about which NFTs were going to be featured on the OpenSea frontpage, and purchased them beforehand. Since OpenSea was and continues to be the largest NFT marketplace, NFTs featured on its frontpage receive a significant amount of exposure, and often results in a price increase for the NFT or the collection it belongs to.

The cryptocurrency community first learned of Nate Chastain’s alleged insider trading in September of 2021, when a Twitter user discovered a set of Ethereum wallets that were buying NFTs from collections before they were featured on the OpenSea frontpage and then sold them after a price spike. The wallets allegedly belonged to Chastain. After the scandal, OpenSea requested Chastain to resign, and he accepted.

U.S. Attorney Damian Williams commented on the charges, saying that they show the U.S. Attorney’s Office is serious about tackling insider trading regardless of where it happens:

“NFTs might be new, but this type of criminal scheme is not. As alleged, Nathaniel Chastain betrayed OpenSea by using its confidential business information to make money for himself. Today’s charges demonstrate the commitment of this Office to stamping out insider trading – whether it occurs on the stock market or the blockchain.”

The maximum sentence for each of the charges Chastain is facing (wire fraud and money laundering) is 20 years in prison.

Insider trading concerns are not new for the cryptocurrency industry, as decisions made by large industry players can have a significant impact on the prices of digital assets. For example, when a large cryptocurrency exchange such as Binance or Coinbase lists a cryptocurrency, the listed cryptocurrency often sees a significant price spike—an insider with knowledge about which cryptocurrencies will be listed next can make substantial profits.

In April, blockchain sleuths identified an Ethereum wallet that purchased several crypto assets that were later included in a list published by Coinbase which contained cryptocurrencies that they were considering for a listing. However, it’s unclear if the wallet belongs to a company insider or if the information the coins featured in Coinbase’s list was somehow leaked outside of the company.
June 2, 2022
Chill out and enjoy with Chill Benji NFTs
What a chill life! This is the main slogan of the life of Benjamin Franklin. But not the famous one who looks at us from a 100-dollar banknote. But another one, also famous aka Chill Benji, is known for his travels, love for GSD, and collection of 3D images pegged to NFTs.

In the right place, at the right time

Two years of the pandemic exhausted everyone. But now the pandemic is passing, and like the timid rays of the sun through the clouds, the joys of meetings and travels are returning. Chill Benji has always loved to travel and share experiences with everyone, making friends all over the world. Now he has decided to do it with NFTs and create a global community. This is an ambitious task that only an ambitious person can do. Chill Benji is a person! Thanks to his scientific mind, Chill Benji basically created a lot of things, as he says, like working from home, bifocals, essential oils, and the expression ‘Let’s go see the Opera and Chill’. After all this, he tried his hand as a travel influencer. But it turned out that he was too famous not to be recognized, so his articles were not as the vérité as he had liked. But he found that his travels had an important additional aspect due to the fact that he was always a bit of a fashionista. He always traveled with a variety of fresh outfits and accessories to keep his true Identity in disguise, while also allowing him to look fabulous. This led to creating a wardrobe of beautiful things. It remains only to launch 10 thousand NFTs, to which these outfits and accessories are pegged to. Now Chill Benji will have even more friends, and each of them will receive a piece of Chill Benji from a set of 10,000 unique 3D artworks.

But that’s not the whole story.

Chill out with GSD

Traveling all over the world, Chill Benji ended up in Europe, and more precisely, in Germany. And here he saw someone who led an even more idle and carefree life than himself. It was a German Shepherd puppy dog, who seemed to be a stray, with no one around to claim or care for him. The dog was loafing around with a few other strays, and it was pretty full of joy i.e. chill. That’s why Chill Benji fell in love with the little moocher pup and decided to adopt him, and called him ‘GSD’, short for ‘German Shepherd Dog’. The two have now become inseparable while returning to the US and after they returned. This is the way Benji starts his own family. There’s a lot to come on their journey together, while the puppy grows older. And new rare NFTs can be added to the already known 10k 3D artworks. But already now, holders of uniquely rare Chill Benji’s NFTs are getting whitelist opportunities into upcoming collections, plus pre-sale pricing on future collections.

These are just two benefits, but there are many more. Chill Benji is good at making friends, so he is generous while building a strong and trust-driven community. Some more options for holders are:
- Random airdrops for Chill Benji holders. Tokens will be dropped just from the sky!
- Discounted rates on merchandise. A minimum 15% discount on all Chill Benji merchandise!
- Holders have a say in the future Chill Benji projects – if they have anything to say.
- Special requests or custom Chill Benji projects. This is very special, but why not try?
Conclusions

So what do we know about the exclusive collection of Chill Benji’s NFTs?

First, Chill Benji is a scientific fashionista well known for his invention, like the lightning rod, which was decidedly not very chill. And after being fried on the whole invention thing (in more ways than one), he decided to try his hand as a travel influencer. And it was a great idea, because traveling around the world, Chill Benji tried to look fashionable and fit the people of every country he visited. Thus, a huge wardrobe and a set of accessories were formed, which are now pegged to a collection of 10,000 NFTs and 6 rarity traits that make each NFT unique. They will be available at the OpenSea marketplace very soon.

Second, Chill Benji starts his own family and has adopted a German Shepherd puppy dog called GSD – i.e. ‘German Shepherd Dog’. Chill Benji hints that a new NFT collection may be coming while the puppy is growing older.

And last but not least: Chill Benji is very interested in building a strong and trust-driven community. That’s why the holders can get a lot of gifts and benefits like airdrops, discounts on merchandise, participation in new projects, and even something special from Chill Benji, like a custom project. As he says himself – What a chill life!

Website: https://chillbenji.io/

Twitter: https://twitter.com/ChillBenji

Instagram: https://www.instagram.com/chillbenjinft/

Discord: https://discord.com/invite/Cw83fbnRSr

OpenSea: https://opensea.io/collection/chill-benji
June 2, 2022
BTC365.com Provides a Thrilling Online Live Gaming and Crypto Betting Experience in Version 2 Release

The entertainment industry has been highly monetized using blockchain. The COVID-19 pandemic was significant in disrupting the entertainment experience; thus, BTC365.com, an online gaming and crypto betting platform, is contributing its quota by recreating our physical reality in a virtual ecosystem. BTC365.com registered users are provided with an opportunity to play their favorite games and bet on the world cup with crypto. The platform offers gamers a great experience while getting high value for their money.

However, the release of BTC365 V2.0 comes with an irresistible offer of a 5 USDT free bet when successfully downloaded. With its betting options, BTC365.com is taking FIFA crypto betting to an entirely new level. Users can bet on the world cup with crypto.

About BTC365

The gaming platform features games like Sportsbook, slots, and more than 1100 crypto casino games. It is a comprehensive hub for gamblers and gamers, and most especially for users expecting an exceptional reward for their time. As a globally recognized gambling destination, the platform serves as a world cup crypto betting app. BTC365.com is a registered crypto platform specifically designed for game lovers. Players earn BTC365 tokens while playing their favorite games on the BTC365.com platform, which players can use to redeem cryptos of their choice with BTC365 Token Pool. The token pool is a $10 million USDT prize pool, with the potential to grow beyond the current value. Those registered on the platform can seamlessly engage in FIFA crypto betting.

Essentially, the platform accepts Bitcoin, Ethereum, Litecoin and USDT as its major currencies; however, there are proposals for the gaming platform to accept Dogecoin, Cardano, and Ripple in the future.

BTC365 Games

BTC365.com is basically created for games. There are mind-blowing Sportsbook, crypto slots, crypto casino games, and multiple options for sports betting, which are immersive and unique. BTC365.com offers a world cup crypto betting app that allows gamers to bet on the world cup with crypto. The platform has five gaming categories in the BTC365.com gaming platform: Sportsbook, Slots, Crypto Casinos, E-sportsbook, and in-house crypto games. The live casino section features 200+ games provided by six great casino game developers. Pragmatic Play, eBet, Asia Gaming, Super Spade, and Evolution are just a few of the games on the Live Casino games list. With BTC365.com, gamers and players alike can bet on FIFA with Bitcoin.

E-Sportsbook is on the rise; it is the brainchild of the innovative ideas of BTC365.com. E-Sportsbook is a competitive online gaming match where different teams challenge themselves in tournaments. Quite entertaining, players can also place bets on live matches in numerous leagues, including Dota2, League of Legends, CS:GO and many more.

BTC365 Sportsbook features an inexhaustible list of events in football, tennis, golf, etc., that a user can stake their tokens or place a bet using the BTC365.com accepted cryptocurrencies.

New Slot Vendors

There are over 1100 games in the slot category. These awesome games are offered by great game developers, like No Limit City, Pragmatic Bay, Netent, Microgaming, Play’n Go, Red Tiger, Boongo, Betsoft, and CQ9. Some of the featured games include Mental, Fire in the Hole xBox, xWays Hoarder xSplit, Redwood xNudge, Das xBoot, Evil Goblins xBomb, Legion X, and a lot more. In the slot section, you get what you see.

The in-house game category is one of the major distinguishing factors differentiating BTC365 from other online casino platforms. The in-house games feature a carefully selected range of games like Crash, Dice, High-low, etc. This substantiates the fact that BTC365.com is truly a crypto gaming hub. On the other hand, it is also a betting hub where gamblers can bet with Bitcoin on FIFA.

Bonus Packages

One major feature that attracts people to a particular project is what the project promises to offer in terms of free gifts, rewards, and incentives. In that regard, BTC365.com truly knows how to appreciate their players as there are 3 mouthwatering bonus packages. The first bonus is the 100% welcome offer for up to a 200 USDT deposit. To claim the welcome bonus, gamers/players must first deposit a minimum amount of 10 USDT in their account.

The second is the free spin gift. This offer only applies to one’s initial deposit but is accessed differently, just like the welcome bonus. The free spin can be used to play only two games provided by the Pragmatic Play: the Bass Bonanza slot and the Floating Dragon slot. A user receives 50 free spins if he deposits 50 USDT, 100 free spins for a deposit of 100 USDT, and 150 free spins for 150 USDT. This bonus is also available for Ethereum users.

The third is the Reload bonus offer where users are rewarded with a 50% reload bonus for deposits up to 150 USDT. Unfortunately, this offer is not for Ethereum users. However, the bonus can only be claimed when your deposit has been confirmed.

Conclusion

The immersive online live gaming experience offered by BTC365.com is exceptional and innovative, to say the least. Lovers of crypto casino games, slots, and Sportsbook are presented with a lifetime opportunity to engage with their favorite games and earn crypto assets. Gamblers also have the opportunity to engage in FIFA crypto betting. BTC365 is an all-year-round comprehensive crypto gaming and betting platform that offers fun, leisure, livelihood, and comfort in a single user-friendly and intriguing package. Kindly visit the website to stand a chance to access the 200 USDT welcome package and the $10 million USDT prize pool.

June 2, 2022
Sharknado Co-Creator and Snowpiercer Producer Launch New Token $FLIX to Revolutionize Indie Film
Los Angeles, United States, 1st June, 2022, Chainwire

Veteran Hollywood filmmakers Ben Rosenblatt and Micho Rutare launch $FLIX, a novel crypto-token, in order to reinvent how independent films are financed, produced, and distributed.

Their company American Meme will leverage $FLIX to raise capital for a slate of indie films that appeal to both film and crypto enthusiasts. A fee on each transaction goes directly to a “film wallet,” and the team has committed to investing 75% of film wallet funds in production and only 25% in marketing and publicity. Profits from film sales, distribution, and licensing will be used to buy back $FLIX, which will make the token deflationary, in order for its relative value to continually increase.

In addition, token holders will receive exclusive access to cast and crew chats, behind-the-scenes invites, votes on creative decisions, premiers and parties, and provide input on the film slate. The founders envision a growing, robust community of crypto and film enthusiasts who can invest in indie filmmaking both financially and creatively.

“Hollywood is once again evolving and the most powerful voices can come from outside the town. The filmmaking and crypto communities are incredibly engaged and powerful. We want their help in creating the next hit movie,” says co-founder Ben Rosenblatt, a producer of Snowpiercer, Star Wars and Star Trek films and series. “We want to foster the next great wave of popular, original independent cinema. We’re tired of corporate gatekeepers determining what movies get made. It’s time for a shift, and we think these new cryptocurrencies and blockchain technologies are the keys to shifting power back to the people through decentralized film finance.”

“There is limitless potential for what Web 3.0 technologies can bring to the entertainment industry,” says co-founder Micho Rutare, a veteran writer, director, and creative executive responsible for the Sharknado franchise. “We’re talking vertical, decentralized filmmaking. Our token holders help us decide what to make, help us finance projects, and get first access to all the rewards, all while holding an appreciating asset. This unlocks new forms of media distribution and more room for artistic freedom. We, collectively, can decide what gets made. That’s an incredibly exciting prospect compared to the current status quo.”

While their short-term goal is to increase awareness of the coin and their medium-term plan is to produce films seeded by $FLIX revenue, Rosenblatt and Rutare have a long-term vision for the token: to become the paramount medium of exchange for filmed entertainment transactions, both in the traditional theatrical business and also in the metaverse. Rosenblatt and Rutare believe this financial innovation will create a robust ancillary revenue stream for the industry, liberating filmmakers from the tyranny of the corporate bottom line.

The $FLIX token is now live and available for purchase on Uniswap. The next iteration of growth will use the initial funds to build a production slate and list the token on larger exchanges.

About $FLIX Token:

$FLIX is a cryptocurrency for filmmakers and movie lovers designed to revolutionize film financing. The filmmakers’ mission is to change how independent filmmaking is financed, produced, and distributed through new crypto and Web 3.0 technologies. For too long, Hollywood has been closed to outsiders. $FLIX champions independent film by raising capital, investing in novel ideas, and leveraging blockchain transactions to fund movie projects from its proprietary token.

Filmmaking and the token support each other by reinvesting the profits back into the currency to fund further projects. Our community of token holders supports each project by voting on aspects of each project. The novel approach to filmmaking flips the script on film finance, production, and distribution, fueled by new crypto and Web 3.0 innovation.

About Ben Rosenblatt:

Ben Rosenblatt is a producer of films, series, and short media. Ben serves as an Executive Producer of the TNT/Netflix series, Snowpiercer, which is now in its fourth season, and The Alienist, for which he was Emmy nominated. Ben is also a producer on the forthcoming series Let The Right One In for Showtime and Tokyo Vice for HBO Max. Previously, Ben spent six years at J.J. Abrams’ production company, Bad Robot, where he helped produce feature installments of the Star Wars, Star Trek, Mission: Impossible, and Cloverfield franchises. Additionally, Ben has co-produced independent films Small Town Crime and Fatman, Paramount Animation’s Wonder Park, Google’s Youtube series Moon Shot, and has produced ads for Esurance, THX, and Win America Back…PAC, which Ben co-founded. Ben lives in Los Angeles where he co-runs the production company American Meme.

About Micho Rutare:

Micho Rutare is a Los Angeles-based writer, director, and producer. While working as head of development at The Asylum, Micho oversaw the inception and development of the Sharknado movies, as well as over 100 other feature films, including DEAD 7, which he produced with Nick Carter of The Backstreet Boys. Micho has written, directed, and produced features and episodic content for Syfy, Lifetime, MTV, YouTube Red, and Sony Home Entertainment. Micho is a co-founder of the Win America Back…PAC and produced viral anti-Trump ads for the 2020 election. Micho is a Rwandan-American and a sixth-generation Michigander. Micho currently lives in Los Angeles where he co-runs the production company American Meme.

Official Links and contacts

Press Inquiries: Wes@creativstrategies.com (Crypto) alix@pacepublicrelations.com (business and entertainment)

Website: https://www.flixtoken.io/

Twitter:https://twitter.com/TheFlixToken

Discord: https://discord.gg/Wa3MJZcHDM

Telegram: https://t.me/flix_token

YouTube: https://www.youtube.com/channel/UC-ntiz_DkRdjAkRRXfcPOSg/featured

Contacts
- Wes Morton
- Creativ Strategies
- wes@creativstrategies.com
June 2, 2022
TRON Has a Record-Setting Month

Geneva, Switzerland / June 1 / – TRON celebrated a record month of May, achieving multiple massive milestones in a few short weeks. Including USDD, the collateralized decentralized stablecoin on TRON, making it onto CoinCheckup’s top 100 only 16 days after its May 5 launch. As of Wednesday, June 1, USDD has reached a new milestone with over $667 million in circulating supply burning over 8 billion TRX along the way.

TRON now ranks third among all public chains by TVL at $6.17 billion, following closely behind Ethereum and BNB Chain, according to data provided by DefiLlama, one of the largest TVL aggregators for DeFi. As of Thursday, May 26, TRX has surpassed AVAX to become number 13 in overall market cap at nearly $8 billion, according to CoinCheckup.

According to CoinMetrics on Sunday, May 29, TRON has also ranked first in the number of active addresses compared to BTC, ETH, XRP, LINK, XLM, BNB, DOGE, MANA, ADA, QNT, LTC, DOT, ZEC, EOS, NEO, 1INCH, AAVE and QNT.

TRX has been gaining momentous backing from major asset management companies lately, including Fireblocks, a leading global digital asset and crypto infrastructure platform, which announced its support for TRX and all TRC-20 tokens of the TRON blockchain on its institutionally-focused digital asset platform last week. This announcement follows Crypto Finance, a subsidiary of Deutsche Börse, who announced its support for TRX storage, custody, and trading, making TRX available to the entire Deutsche Börse network.

In terms of stablecoin development, the TRON DAO Reserve has onboarded multiple premier blockchain institutions such as Alameda Research, Amber Group, Poloniex, Ankr, Mirana, Multichain, FalconX, and most recently TPS Capital as Members and Whitelisted Institutions to mint USDD, with more names to be announced in the coming weeks.

TPS Capital, the official OTC desk for Three Arrows Capital, provides a full spectrum of digital asset solutions for institutional investors, funds, protocols, and crypto-native organizations. They strengthen new and existing relationships with 24/7 service. With their main focus including but not limited to OTC liquidity provision, market making, lending, and borrowing across various asset classes.

USDD is already trading on popular lending platforms, decentralized exchanges, and centralized exchanges, such as JustLend, SunSwap, PancakeSwap, Ellip s is, Uniswap, Curve, Poloniex, Huobi Global, KuCoin, Gate.io, LBank, Bibox, Bitget Global, and KyberSwap. On Thursday, May 26 at 10 a.m. UTC, Bybit, one of the fastest-growing cryptocurrency exchanges with over 6 million registered users, listed USDD under a special launch. As part of the launch, Bybit has announced a two-part event with a prize pool of 400,000 USDD. Designated mining platforms such as SUN.io currently offer over 30% promotional yield on USDD, properly incentivizing DeFi users and strengthening TRON’s DeFi ecosystem. TRON is proud to have supported over 122 million USDD in liquidity pools as of May 25.

“TRON’s meteoric rise to the world’s top three public chains by TVL can be attributed to its sustained efforts to foster growth across the entire ecosystem,” said H.E. Justin Sun, Founder of TRON. “USDD has reached 667 million in circulation, Season 2 of the TRON Grand Hackathon 2022 is underway with prominent partners and judges from across the industry, and there is explosive growth across the entire ecosystem. Ever since becoming a DAO, the TRON community has kept on BUIDLing!”

Stablecoins have long been a crucial component of the DeFi market, and TRON has been devoting considerable resources to it for several years. From forging strong relationships with issuance platforms like Tether and Circle to establishing the TRON DAO Reserve and launching USDD based on the TRON platform, TRON has built a robust stablecoin armada that includes USDT, USDJ, TUSD, USDC, and USDD. USDD quote pairs are now available on Huobi Global with a zero trading fee. This includes TRX/USDD, BTT/USDD, NFT/USDD, JST/USDD, SUN/USDD, WIN/USDD, USDD/USDT, and USDD/USDC.

TRON has also recently commemorated the highly anticipated Season 2 of the TRON Grand Hackathon 2022 on Monday, May 16, with a wave of applicants. That same week, TRON DAO announced the launch of a $10 million incentive fund program taking into account the recent events to support Terra developers migrating to the TRON ecosystem. TRX is also confirmed to be listed on DMM Bitcoin soon, a top 2 crypto exchange in Japan.

Since it transitioned to a DAO in December 2021, TRON has evolved into one of the largest blockchain ecosystems in the world. With its on-chain asset value reaching $54.4 billion, TRON is now one of the most active settlement layers boasting an exceptional lineup in DeFi, NFT, GameFi, cross-chain connectivity, and stablecoins, accommodating over 95 million on-chain users with 3.2 billion transactions processed on its network. Even in bearish market conditions, while most of the market was concerned about the industry’s future, TRON continued to see bullish growth; during the week ending May 9, TRON was the only green in a sea of red.

USDD’s integration with more ecosystems in the future – as promised by BitTorrent Chain‘s cross-chain solution – will propel TRON’s DeFi ecosystem and perhaps the entire DeFi industry into the next stage of growth.

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 May 2022, it has over 95 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $12 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether 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 stablecoin USDD was announced 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.

TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum

Media Contact

Feroz Lakhani
press@tron.network

June 2, 2022
TRON Has a Record-Setting Month
Geneva, Switzerland, 2nd June, 2022, Chainwire

TRON celebrated a record month of May, achieving multiple massive milestones in a few short weeks. Including USDD, the collateralized decentralized stablecoin on TRON, making it onto CoinCheckup’s top 100 only 16 days after its May 5 launch. As of Wednesday, June 1, USDD has reached a new milestone with over $667 million in circulating supply burning over 8 billion TRX along the way.

TRON now ranks third among all public chains by TVL at $6.17 billion, following closely behind Ethereum and BNB Chain, according to data provided by DefiLlama, one of the largest TVL aggregators for DeFi. As of Thursday, May 26, TRX has surpassed AVAX to become number 13 in overall market cap at nearly $8 billion, according to CoinCheckup.

According to CoinMetrics on Sunday, May 29, TRON has also ranked first in the number of active addresses compared to BTC, ETH, XRP, LINK, XLM, BNB, DOGE, MANA, ADA, QNT, LTC, DOT, ZEC, EOS, NEO, 1INCH, AAVE and QNT.

TRX has been gaining momentous backing from major asset management companies lately, including Fireblocks, a leading global digital asset and crypto infrastructure platform, which announced its support for TRX and all TRC-20 tokens of the TRON blockchain on its institutionally-focused digital asset platform last week. This announcement follows Crypto Finance, a subsidiary of Deutsche Börse, who announced its support for TRX storage, custody, and trading, making TRX available to the entire Deutsche Börse network.

In terms of stablecoin development, the TRON DAO Reserve has onboarded multiple premier blockchain institutions such as Alameda Research, Amber Group, Poloniex, Ankr, Mirana, Multichain, FalconX, and most recently TPS Capital as Members and Whitelisted Institutions to mint USDD, with more names to be announced in the coming weeks.

TPS Capital, the official OTC desk for Three Arrows Capital, provides a full spectrum of digital asset solutions for institutional investors, funds, protocols, and crypto-native organizations. They strengthen new and existing relationships with 24/7 service. With their main focus including but not limited to OTC liquidity provision, market making, lending, and borrowing across various asset classes.

USDD is already trading on popular lending platforms, decentralized exchanges, and centralized exchanges, such as JustLend, SunSwap, PancakeSwap, Ellipsis, Uniswap, Curve, Poloniex, Huobi Global, KuCoin, Gate.io, LBank, Bibox, Bitget Global, and KyberSwap. On Thursday, May 26 at 10 a.m. UTC, Bybit, one of the fastest-growing cryptocurrency exchanges with over 6 million registered users, listed USDD under a special launch. As part of the launch, Bybit has announced a two-part event with a prize pool of 400,000 USDD. Designated mining platforms such as SUN.io currently offer over 30% promotional yield on USDD, properly incentivizing DeFi users and strengthening TRON’s DeFi ecosystem. TRON is proud to have supported over 122 million USDD in liquidity pools as of May 25.

“TRON’s meteoric rise to the world’s top three public chains by TVL can be attributed to its sustained efforts to foster growth across the entire ecosystem,” said H.E. Justin Sun, Founder of TRON. “USDD has reached 667 million in circulation, Season 2 of the TRON Grand Hackathon 2022 is underway with prominent partners and judges from across the industry, and there is explosive growth across the entire ecosystem. Ever since becoming a DAO, the TRON community has kept on BUIDLing!”

Stablecoins have long been a crucial component of the DeFi market, and TRON has been devoting considerable resources to it for several years. From forging strong relationships with issuance platforms like Tether and Circle to establishing the TRON DAO Reserve and launching USDD based on the TRON platform, TRON has built a robust stablecoin armada that includes USDT, USDJ, TUSD, USDC, and USDD. USDD quote pairs are now available on Huobi Global with a zero trading fee. This includes TRX/USDD, BTT/USDD, NFT/USDD, JST/USDD, SUN/USDD, WIN/USDD, USDD/USDT, and USDD/USDC.

TRON has also recently commemorated the highly anticipated Season 2 of the TRON Grand Hackathon 2022 on Monday, May 16, with a wave of applicants. That same week, TRON DAO announced the launch of a $10 million incentive fund program taking into account the recent events to support Terra developers migrating to the TRON ecosystem. TRX is also confirmed to be listed on DMM Bitcoin soon, a top 2 crypto exchange in Japan.

Since it transitioned to a DAO in December 2021, TRON has evolved into one of the largest blockchain ecosystems in the world. With its on-chain asset value reaching $54.4 billion, TRON is now one of the most active settlement layers boasting an exceptional lineup in DeFi, NFT, GameFi, cross-chain connectivity, and stablecoins, accommodating over 95 million on-chain users with 3.2 billion transactions processed on its network. Even in bearish market conditions, while most of the market was concerned about the industry’s future, TRON continued to see bullish growth; during the week ending May 9, TRON was the only green in a sea of red.

USDD’s integration with more ecosystems in the future – as promised by BitTorrent Chain‘s cross-chain solution – will propel TRON’s DeFi ecosystem and perhaps the entire DeFi industry into the next stage of growth.

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 May 2022, it has over 95 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $12 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether 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 stablecoin USDD was announced 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.

TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum

Contacts
- Feroz Lakhani
- press@tron.network
June 2, 2022