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Devon Henry Launches CryptoFederacy NFT Art Collection to Raise 13 Million Dollars for Social Causes
Richmond, VA, 25th May, 2022, Chainwire

In 2020, Devon Henry said yes to a job that no other contractor had the courage to accept. The story of Henry’s role will likely be told in history books– as depicted in the recent front-page feature of The New York Times. Since 2020, Henry and his construction teams have meticulously and safely removed over 23 Confederate statues across the former Confederate South. Henry is now repurposing this history into a charitable CryptoFederacy project that highlights 13-star causes and changemakers via the 13 Stars NFT Collection that drops on June 19, 2022, at www.CryptoFederacy.com.

A Monumental Task

“The task of dismantling these statues has literally been monumental”, states Devon Henry, who faced harassment and even death threats, as a result of answering the call to “re”mantle history. “It’s very humbling to be the one who fulfills a 131-year prophecy. But that’s not enough. I feel a responsibility to use these deconstructed pieces of our past to construct a better tomorrow.”

The prophecy Henry references is that of John Mitchell, the editor of the Black newspaper, The Richmond Planet. In 1890, when the Robert E. Lee statue was erected on Monument Avenue in Richmond Virginia, Mitchell foretold of a Black man one day taking down the statue. “He put up the Lee monument, and should the time come, will be there to take it down,” Mitchell wrote.

Thirteen Stars

CryptoFederacy’s 13 Stars NFT Collection represents the thirteen stars on the Confederate flag and will drop on the 157th anniversary of Juneteenth–a Federal U.S. Holiday that commemorates the emancipation of enslaved Americans, and marks when the last enslaved people in the U.S. were officially informed they were free– following the surrender of Confederate General Robert E. Lee and the Confederate states in April 1865.

On June 19, 2022, the CryptoFederacy project will mint an inaugural collection of 13 NFTs that represent the dismantled statues. Henry endeavors to sell these NFTs and raise $1 million dollars for 13 different charitable causes that address societal issues that stem from the ideals and actions reinforced by the Confederate Generals whose statues were removed.

Henry and his CryptoFederacy team are finalizing partnerships with established nonprofits and planning launch events in New York, Richmond, D.C. and Los Angeles. Attendees will be able to meet the CryptoFederacy team, view the NFT artwork, meet the artist, explore physical pieces of the dismantled confederate statues, and view framed professional photographs of the behind-the-scenes history-making moments from the statue removal process.

Reclaiming History

Henry hopes that impassioned individuals and foundations will feel compelled to be part of this historic reclamation of ideology, by collecting one of the 13 exclusive pieces of artwork–which will help raise awareness for the charities the NFT artwork represents. As the CryptoFederacy NFT community grows, the team has plans to follow the inaugural NFT collection with a 10,000-piece CrazyStats NFT collection– and appeal to an even wider audience.

About CryptoFederacy

CryptoFederacy’s mission is to bring social activism into the world of Web3 by creating innovative NFT Art projects and initiatives that educate individuals and organizations about the opportunities in Web3 – and specifically how to generate revenue to address critical economic and social issues across the United States. CryptoFederacy was founded in 2022 by Devon Henry, the CEO of Team Henry Enterprises, LLC – the company hired to dismantle Confederate monuments across the South.

The 13 Stars NFT Collection gives individuals everywhere an opportunity to own a digital moment in history that commemorates the dismantling of the monuments that encapsulated America’s centuries-long relationship with slavery and institutional racism, with the goal of raising $1 Million dollars for 13 charitable organizations.

To learn more and to stay updated regarding the 13 Stars NFT drop, visit: www.CryptoFederacy.com or follow CryptoFederacy on Twitter.

Contacts
- Anita S. Lane
- ANITASLANE@SENSEICOMMUNICATIONS.COM
- 310.824.3193
May 25, 2022
Expand Your Portfolio With Mountanaz (MNAZ), Filecoin (FIL), and Chainlink (LINK)

In the past year, the cryptocurrency space has had a phenomenal value surge, and it is showing no indication of slowing down any time soon.

If you’re on the lookout for good investment choices to expand your portfolio, you should consider investing in these three projects: Mountanaz (MNAZ), Filecoin (FIL), and Chainlink (LINK).

These cryptocurrencies are unique in different ways and have certain key features that make them potentially viable money-making choices.

How will Mountanaz (MNAZ) improve the DeFi scene?

Its creators have described Mountanaz (MNAZ) as a financial asset that incorporates features of crypto technology and decentralised finance (DeFi) to support its various applications in the crypto ecosystem.

Mountanaz (MNAZ) comprises a platform dedicated to managing financial assets, supporting trades, generating staking revenues and bridging different chains as seamlessly as possible.

Mountanaz has a loan protocol that increases the profitability and utility of digital asset capital, where multiple loan pools can be created and accessed using deposited and loaned assets. In a nutshell, the Mountanaz (MNAZ) ecosystem will offer solutions to access digital asset loans.

The Mountanaz (MNAZ) team is a team with a wealth of experience in blockchain technology and crypto adoption. They view security from a broader perspective. To ensure that the code’s quality is uncompromised and that the platform is built on the most vital financial tools, the team has reached out to some of the most skilled developers and experts in the crypto industry, and their knowledge has been utilised in building the Mountanaz ecosystem.

Will Filecoin (FIL) rise again?

Filecoin (FIL) has moved on a linear progression chart for a while, but it recently shook the faith of its investors when it lost 30% in a few hours.

Filecoin (FIL) is currently at a low price, which creates a buying opportunity for future investors. However, some continue to hesitate due to the unexpected decline in value.

Filecoin (FIL) experienced its peak when it reached $230 in April 2021 but has now dropped to a price lower than $10 in 2022.

Filecoin (FIL) is working hard to rise again. Even though many new crypto investors are hesitant and unsure, experienced venture capitalists are confident that the decline will stop eventually, and Filecoin will rise higher than its peak once more.

Chainlink (LINK) serves to strengthen the crypto world

Chainlink (LINK) is a decentralised financial system based on an oracle network that allows smart contracts to connect to off-chain data resources and payment systems. Chainlink’s purpose is to serve as a connection between blockchains and the real world.

Its partnership with Google Cloud is worthy of note, and it is also being adopted by robust DeFi protocols like Maker and Compound, with their strong community support.

Chainlink (LINK) was one of the few cryptocurrencies to see an increase in price after avoiding 2018’s bear market. This is attributed to its utility as a crucial building block for integrating DeFi protocols.

It is always wise to do your research before picking crypto to invest in. However, Mountanaz (MNAZ) is a viable option for investors looking to invest in a suitable protocol. Please do your research before deciding, but the 3 cryptocurrencies we’ve discussed here have shown potential for growth in the long term.

Mountanaz (MNAZ)

Presale: https://purchase.mountanaz.io/register

Website: http://mountanaz.io

Telegram: https://t.me/Mountanaz_Token

May 25, 2022
Standard Crypto Raises $500 Million for New Digital Asset-Focused Fund
Key takeaways:
- Venture capital firm Standard Crypto has raised $500 million for its new cryptocurrency fund, according to Axios
- Standard Crypto has roughly $1.5 billion in assets under management, according to a source cited by Axios
- The investment firm has made several investments in promising cryptocurrency startups, including NFT-focused Yuga Labs and leading Ethereum Layer 2 scaling Solution Polygon
Standard Crypto raises $500 million in new capital to invest in “equity and crypto”

Cryptocurrency investment firm Standard Crypto has raised $500 million for its new investment vehicle called Standard Crypto Venture Fund I. According to a report from Axios, which cited a source familiar with the matter, the new fund will pursue investments in both equity and crypto.

Standard Crypto was established in 2019 and has since been investing in a range of blockchain and technology companies in the gaming, financial infrastructure, and social networks space.

The company has also pursued a variety of Web3 investments, including in DAOs and DeFi. Case in point, Standard Crypto participated in the $450 million Seed Round of the leading NFT company Yuga Labs in March 2022, and in Polygon’s $450 million Venture Round that concluded in February 2022, to name just a few.

According to a source cited in the original report, the investments across a range of crypto startup companies over the years have seen Standard Crypto’s assets under management (AUM) grow to roughly $1.5 billion.
May 25, 2022
QANplatform is Selected for Newchip Global Accelerator Program
Tallinn, Estonia, 25th May, 2022, Chainwire

QANplatform, the Quantum-resistant Layer 1 hybrid blockchain platform, today announced its selection into the #1 Online Global Accelerator, Newchip Accelerator’s May 2022 cohort.

The Newchip Accelerator portfolio, valued at over $9 billion, includes over 1,500 graduates that have collectively raised over $450+ million in funding. With thousands of startups applying for consideration into the Newchip Accelerator, QANplatform was one of the teams selected to participate in the current cohort. QANplatform will participate in a 6-month long accelerator program.

During the program, startup founders work closely with mentors and advisors, engage in mastermind sessions and leverage a vast partner network to prepare them to raise investment capital from angel investors, venture capital, and/or equity crowdfunding. The program culminates with Demo Week, where the startups present their companies to curated investor groups from around the world – like Techstars, Plug and Play, PayPal, Porsche Ventures, Alumni Ventures Group and more.

“As quantum computing slides closer and closer into our global reality, more investors, as well as government and key industries are beginning to take note,” said Armando Vera Carvajal, Vice President at Newchip. “It’s why it’s so important now to find and accelerate deep-tech projects, like the QANplatform, which can form future technologies, industries and markets. The way we see it, the QANplatform will make a major high-impact on the blockchain industry because of its quantum-resistant security and its multi-language smart contract feature where developers will be able to build blockchain use cases in any programming language. That seems like a major game changer to us, and it’s why we’re excited to partner with them here at Newchip.”

“We are proud to announce that QANplatform was selected to the Newchip Global Accelerator Program. We are looking forward to accessing the wide network of Newchip to build quantum-resistant blockchain Proof-of-Concepts (PoCs) and use cases on top of the QAN blockchain platform” said Johann Polecsak, Co-Founder and CTO at QANplatform.

About QANplatform:

QANplatform is the quantum-resistant Layer 1 hybrid blockchain platform that will allow developers and enterprises to build quantum-resistant: smart contracts, DApps, DeFi, DAO, NFT, tokens, Metaverse, and Web3 solutions on top of the QAN blockchain platform in any programming language.

Website | Technology | Telegram | Twitter

About Newchip:

Newchip is the #1 Online Global Accelerator. The Newchip Accelerator is an immersive, equity-free, online accelerator program for Early Stage to Series A startups serious about scaling their businesses to the next level. Participants engage in a 10-week curriculum of training, 1-1 mentor sessions, masterminds, and live classes to prepare them to raise investment capital from Angels, VCs, and the crowd.

Contacts
- Gergo Szoke
- press@qanplatform.com
May 25, 2022
Is It Possible to get a Crypto Loan on Binance with No Collateral?
Cryptocurrency lending has become a popular practice among both cryptocurrency traders and investors. There’s many reasons why one would want to lend crypto. For example, a long-term holder might want to use their crypto holdings as collateral to access short-term capital without having to sell their coins. A trader focused on short—term market moves can use loans to add leverage to their trading positions.

In comparison to traditional loans, cryptocurrency loans typically have shorter terms. On Binance, for example, the duration of the loan can be between 7 days and 180 days. The reason why crypto asset loans are typically shorter is the high price volatility of cryptocurrencies, which introduces risks for both lenders and borrowers the longer the loan remains open.

As users who want to take advantage of crypto loans look for the best loan terms possible, they will inevitably encounter crypto lending “opportunities” that seem suspiciously favorable.

Be careful with crypto loans that sound too good to be true

One of the biggest red flags when it comes to crypto loans is “opportunities” to take out a crypto loan without having to supply collateral. There’s few real incentives for anyone to offer such a loan due to the high volatility of cryptocurrencies and the fact that once a cryptocurrency is transferred to another wallet, it’s impossible to retrieve it without having the necessary private key. In other words, a lender that provided a loan without requiring collateral upfront would have little recourse if the borrower simply decided not to pay the loan back.

As always, keep in mind that if something sounds too good to be true, it probably is. If someone is telling you they will lend you cryptocurrency without requiring collateral (or only requiring a tiny amount of collateral), they might be trying to lure you into a trap to steal your cryptocurrency, personal information or other valuable assets.

A notable exception to this are “flash loans”, which are offered by certain decentralized finance (DeFi) protocols like Aave. Flash loans are a legitimate product that makes it possible to take out a loan without collateral, but the borrowed funds must be returned to the protocol within the same block on the blockchain. However, flash loans are very different from typical loans due to their extremely short-term nature and also require advanced technical knowledge to execute profitably.

If we set aside the flash loans niche, legitimate crypto lending products like Binance’s Crypto Loans will require you to supply cryptocurrency as collateral before you can take out a loan. The product can be used to borrow more than 160 different cryptocurrencies, and supports over 50 different cryptocurrencies as collateral.

Lend and Borrow Crypto Instantly on Binance

Legitimate crypto lending products typically require collateral

There are many reasons why cryptocurrency lenders require you to provide assets as collateral before you can take out a loan.

When it comes to crypto lending products, there’s usually no such thing as credit checks – anyone is free to take out a loan, so long as they can provide the necessary collateral. The collateral provides security to the lender in the scenario that the borrower is not able to repay their debt.

In addition, the collateral provided to borrow funds is used by the lender to calculate lending risks. The ratio between the value of the borrowed funds and the value of the collateral is known as the Loan-to-Value (LTV). A low LTV indicates that the loan is in good standing, as the supplied collateral is sufficient to offset the risks taken on by the lender. Conversely, if the LTV increases past a certain point, the borrower is asked to supply additional collateral to avoid their collateral being liquidated.

The Binance cryptocurrency exchange is an example of a platform that offers cryptocurrency lending products that require collateral. The initial LTV depends on the cryptocurrency that’s being provided as collateral. As a rule of thumb, a higher initial LTV will be allowed if you’re providing more established crypto assets like BTC, ETH or BNB as collateral. Altcoins with a smaller market capitalization are riskier, and will typically have a smaller initial LTV.

Let’s illustrate the concept of LTV with a simple example. Let’s say that we’re providing $1,000 worth of Bitcoin to take a loan in USDT. At the time of writing, these are the terms offered by Binance for such a loan:
- Initial LTV: 65%
- Margin Call: 75%
- Liquidation LTV: 83%
The Initial LTV of 65% means that we’ll be able to borrow $650 worth of USDT by providing $1,000 worth of BTC as collateral. If the price of Bitcoin falls after we take out the loan, the LTV will increase. If the LTV increases up to the Margin Call level (75%), we will be notified to supply additional collateral or repay the loan.

Meanwhile, the Liquidation LTV is at 83%—if our LTV reaches this point, the BTC we provided as collateral will be automatically sold, but we’ll still be able to keep the borrowed USDT.

The benefits of Binance’s Crypto Loans

Binance Loans is available to all users that have a Binance account, and have the necessary level of identity verification. The product provides a lot of flexibility to lenders, thanks to the wide range of crypto assets that are supported for borrowing and supplying collateral. In addition, borrowers can choose between five different loan terms:
- 7 days
- 14 days
- 30 days
- 90 days
- 180 days
Regardless of the loan term you select when taking out a loan, you can repay your loan in full at any time before the term expires. In such a scenario, you would only pay interest for the period that the funds were borrowed. The amount of interest you owe is updated on an hourly basis.

Depending on the cryptocurrency you’re providing as collateral, you could be eligible for a special reduction on your interest rate. This feature is available for certain cryptocurrencies like Cardano, Avalanche and Polkadot, which support staking. If you provide one of these coins as collateral, Binance will stake the coins and use the staking rewards to offset the amount of interest you have to pay. You can identify coins that are supported for this discount by the “Staking” indicator next to the coin name.

In March 2022, Binance also introduced a new promotion featuring reduced interest rates for cryptocurrency borrowers. For regular users, the daily interest rate is now as low as 0.0250%, and can be reduced even further if the asset used as collateral supports the staking feature we just discussed. Users that have a VIP account will receive additional discounts on their interest rates, with better discounts being offered for higher VIP levels.

Conclusion

Cryptocurrency lending can be a highly useful tool that opens up new investing and trading strategies. However, it’s important to be wary of suspicious lending opportunities, especially those that seem to be offering crypto loans without collateral requirements—more likely than not, there’s a catch and you will end up on the losing side.

Legitimate crypto lending products will require you to supply collateral, so that the lender can manage their risks. One of the best places to get a crypto loan is Binance, thanks to their huge selection of cryptocurrencies and highly competitive interest rates.
May 25, 2022
Coinbase Enters Fortune 500 as First Crypto Company on Prestigious List
Coinbase has become the first cryptocurrency company to be featured on the Fortune 500, an annual list of the 500 largest United States corporations sorted by total revenue. The leading crypto exchange occupies the 437th spot on the list, thanks to a more than 500% year-over-year increase in revenue.

Key takeaways:
- Coinbase, as the sole publicly traded cryptocurrency exchange in the industry, has earned a spot on the list curated by Fortune magazine on the heels of $7.8 billion in revenue and $3.6 billion in profit in 2021.
- The company posted record-breaking revenue and net profit in Q4 2021, in large part due to last November’s skyrocketing prices of digital assets and retail investors’ interest in crypto being at an all-time high.
- Despite being relatively low on the list, Coinbase managed to surpass the yearly revenue of some of the largest and most well-known companies in the world, including Hasbro, Airbnb, and Nasdaq.
- If the Q1 2022 business results indicate what to expect in 2022, Coinbase’s business metrics will likely experience a significant retracement this year. The negative financial metrics early in the year led to a net loss of $430 million during the first quarter of 2022.
- The price of Coinbase stock is down over 50% in the past month and more than three quarters since the start of the year. The price of Coinbase shares seems to mimic the performance of the cryptocurrency market, with Bitcoin being down over 50% since its ATH and numerous altcoins trading 80% removed from their price peaks.
Open Coinbase Account
May 25, 2022
All You Need to Know Before Gambling with ETH

As cryptocurrency is becoming more and more popular as both investment cases and as a new way to consider finance, gambling with crypto has also become more widespread. Today you’ll find all kinds of online casinos where you can gamble with crypto. Most of these offer the possibility to gamble with Ether which is the cryptocurrency based on Ethereum (ETH).

Ethereum gambling

There are several reasons why a lot of crypto gamblers choose to gamble with Ethereum. One of the primary reasons for this is the use of smart contracts. Every Ethereum transfer is locked in the blockchain via a smart contract. These smart contracts make gambling with Ethereum much safer because when you sign a smart contract none of the parties can change the contract.

But when that is said, there are a few things that are important to be aware of before getting started with Ethereum gambling. Then you can find the best online casinos to gamble with Ether and read more on https://cryptospinners.com/ethereum.

Entering a volatile market

One of the most important things to be aware of is that you’re basically initiating a double-gamble by starting to gamble with Ether. Most people know the risks of gambling. The chances of winning a lot of money are very scarce, you have to do it for the fun of it. When you gamble with Ether, you’re gambling with a currency whose value fluctuates significantly. If you’re not already a crypto investor, it’s important that you know that you’re entering a volatile market. Read more about that here.

The crypto market is not only volatile, it’s also unregulated. Of course, the two things are connected. This is the factor that makes it possible to make a lot of money from crypto, but it is only the very thing making it possible to lose a lot of money on crypto.

Safe gambling

If gambling with Ether is going to be fun, you should make sure to play safely. Make sure not to gamble more than you can afford to lose. Gambling is supposed to be fun, not economically dangerous. This is also why you need to do some research when choosing the right Ethereum casino. Make sure to read a bunch of reviews from other players and look out for red flags. Spend some time finding a secure and trusted Ethereum casino.

Another good thing to remind oneself of is to always read the fine print before agreeing to bonuses and other offers. Remember that the casinos also want to make money, so they are not giving out money for free. Read the fine print on these agreements, and look out for minimum wagering requirements and withdrawal limits. When you play safe, gambling is much more fun.

May 25, 2022
Cornucopias: A Revolutionary Cardano Blockchain Project that is Redefining the Gaming Metaverse Industry

Singapore, Singapore / May 25/ — The metaverse is a virtual world that allows millions of players to live beyond their immediate environment. With blockchain technology, users can create, own and utilize digital assets while interacting with other people in the virtual space.

Cornucopias ‘The Island’ is a play-to-earn, build-to-earn, learn-to-earn, host-to-earn MMORPG game powered by the blockchain. In a world of unique domes, players can own land and other NFT-based assets which can be traded with other users on Cornucopias’ marketplace and many secondary market places. Cornucopias is a fun, safe and expanding metaverse with one of the most positive and engaged communities of any blockchain-based project.

With the excitement of metaverse innovation sweeping the globe, there is an extremely high demand for the first Cornucopias land sale, which is expected to sell out in record time. Cornucopias NFT projects have a track record of completing successful sales with the right balance of supply and demand. For example, Cornucopias NFT2tree philanthropic NFTs sold out in under 20 seconds and planted close to 50,000 trees in Senegal, Africa, and that number increases daily in perpetuity. Bubblejett NFTs sold out with Mythic rarity hitting over 100x value on secondary markets. In addition, the GTI Javelin NFT sold out despite experiencing a system pause, and the community benefited when the Cornucopias team decided to gift the GTI Javelin NFTs for free to thank their extremely positive community for their patience.

Dominating the Blockchain Gaming Industry

The main objective of Cornucopias is to lead the metaverse industry through its highly innovative ecosystem. Furthermore, the Cardano blockchain supports the game with a thriving community passionate about physical and digital projects. Therefore, Cornucopias is gaining the attention of metaverse enthusiasts, gamers and the mainstream audience around the world, with new members joining the community at a highly accelerated rate.

Cornucopias ‘The Island’ is more than just a blockchain-based game because participants can do more. In traditional gaming, players repeatedly pay through micro-transactions, subscription fees, DLC packages, and other money-grabbing mechanisms that generate over $300 billion in annual revenue for traditional game developers. As large traditional game developers struggle to crack the code on the blockchain-based games that are the future of the industry, Cornucopias is perfectly positioned to claim a large portion of the gaming industry pie.

The new gaming model is with NFT assets, it provides the exact opposite user experience. Instead of repeatedly making in-game purchases to ‘unlock’ game content, players only need one purchase to own an NFT for life, or sell it on the secondary market. The benefits of this ownership for players include a plethora of perks, rewards, and privileges. As a result, owning a Cornucopias NFT allows players to possess an ‘unprecedented utility’ that unlocks various features and in-game advantages, with the future of using those same owned assets in other games and on other blockchains.

Participants are freed from paying monthly membership fees because the Cornucopias game is free-to-play, which gives everyone on the planet the ability to take advantage of the opportunity to join the metaverse, and play the games it contains and much more. Players can sell their NFTs, trade them with someone else, or stake them for additional rewards.

In addition, ‘The Island’ combines gaming with real-world commerce and gives opportunities for traditional and e-commerce companies to own land in the metaverse, sell and promote their real-world brands, goods and services to a hard-to-reach global audience that they have potentially never had access to before.

The project is easily accessible worldwide and is built on the latest Unreal Engine 5 games engine. This software makes the game compatible with PCs, mobile phones, game consoles and smart TVs. As a result of Cornucopias’ bold strategy to become the first AAA UE5 blockchain based game, Cornucopias is ahead of the competition and already has the attention of global brands, the growing crypto community, game developers, 3D artists, and the game enthusiasts that will power and run the governance of the self sustaining ecosystem.

More development for the future

The NFT2Tree mints are a test program for Cornucopias internal NFT sale, mint and marketplace system, which will be used in the upcoming land sale, and an opportunity to provide real-world eco and sustainability value, with all monies from the sale going to plant trees in Senegal, Africa. As a project that wants to impact both the digital and physical world, Cornucopias intends to kick off many other philanthropic NFTs.

Furthermore, 100% of the secondary market sales commission will be used to plant real trees into perpetuity, with the hope of automatically sustaining an increasingly positive impact.

Cornucopias is also launching the first of many mobile mini-games in Q3 2022, the PC game in Q4 2022 and consoles in 2024 to maintain its highly aggressive road map.

About Cornucopias

Cornucopias ‘The Island’ is a massive play-to-earn, build-to-earn, host-to-earn, and learn-to-earn blockchain-based game where players can be rewarded with and/or own land, properties and other NFT-based assets with real-world value, all by playing games in a fun and safe metaverse.

To learn more about Cornucopias ‘The Island’, click on the links below.

Twitter | Discord | YouTube | Telegram | Website

May 25, 2022
Fireblocks Adds Support for TRON DAO’s TRX and all TRC20 Tokens

Singapore, Singapore / May 24 / – Fireblocks, the leading digital asset and crypto infrastructure platform, has added support for TRX and all TRC20-based tokens of the TRON DAO blockchain on its institutionally-focused digital asset platform today.

With one of the largest and most active communities, remarkably low transaction fees, and high scalability, TRON is the Top #3 blockchain and one of the most popular layer 1 DAOs in the industry. Within the first 72 hours of Fireblocks’ Early Access Program enabling clients to receive TRON functionality, Fireblocks saw $35 million of transaction volume.

Fireblocks currently supports more than 1,100 tokens and over 35 protocols. To date, Fireblocks customers have amassed $45 billion assets under custody on the platform, which institutions have used to secure over $2.5 trillion in digital asset transfers. Today’s announcement follows a recent surge of new assets added to the platform as it expands institutional DeFi access.

More than 1,200 liquidity partners, trading venues, and counterparties on the Fireblocks Network can now securely and smoothly send, receive, or custody TRX and other TRC20 tokens using TRON DAO’s platform.

“We have seen a lot of demand from our customers to support TRX and TRC20 tokens. We’re excited to be able to make these tokens available to our enterprise customers and look forward to supporting the ecosystem’s continued growth,” said Michael Shaulov, CEO & Co-founder of Fireblocks.

“TRON was built with the core mission of making blockchain technology accessible, whether it be for users, developers or investors,” said H.E. Justin Sun, Founder of TRON. “It is exciting to see TRON DAO continue to grow and see the institutional community get involved with partnerships with industry leaders like Fireblocks.”

About Fireblocks

Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 1,200 financial institutions, has secured the transfer of over $2.5 trillion in digital assets and has a unique insurance policy that covers assets in storage & transit. Some of the biggest trading desks have switched to Fireblocks because it’s the only solution that CISOs and Ops Teams both love. For more information, please visit www.fireblocks.com.

Media Contact

Chi Zhao, CEO, Hokku PR

fireblocks@hokkupr.com

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 94 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $10 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 algorithmic 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.

Website | Telegram | Medium | Twitter | YouTube | Reddit | GitHub | Forum

Media Contact

Feroz Lakhani

press@tron.network

May 25, 2022