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  • SYN CITY Number 1 Collection Amidst Successful Binance IGO

    SYN CITY Number 1 Collection Amidst Successful Binance IGO

    Singapore, Singapore, 9th December, 2021,

    SYN CITY, the first-ever mafia-themed metaverse game on the blockchain, has broken new records this week, with the listing of their in-game tokens and assets, in what has become one of the most successful IGOs to date. SYN CITY launched its IGO on the Binance NFT platform, with various in-game collections, and was flooded with over $3.5 million USD in volume less than 30 minutes after launch. Today SYN CITY is ranked number 1 for collections on the Binance NFT platform, number 2 for the last 7 days, and number 3 for the last 30 days.

    SYN CITY is quickly becoming more popular with over 200 thousand community members. The mafia metaverse, which was set up by ex-Tron Head of Business Roy Liu, works on a DAO system, where all community members govern their own syndicates. The game was created by ex Ubisoft, Roblox, EA, and Disney team members. The Binance IGO listing saw SYN CITY drop limited-edition NFTs and in-game assets especially created for Binance. 

    According to SYN CITY’s Roy Liu, “We have been blown away by the success of this listing, and are completely thrilled to create a parallel universe for the Binance community among many others. Thanks to all the support from our community members, Binance NFT, and the Binance NFT ecosystem, it is clear we are creating something amazing here, and we will certainly grow and scale together with our community.“

    The play-to-earn model has boosted the popularity of on-chain gaming, and in the last quarter alone the number of Unique Active Wallet (UAW) connected to game dApps climbed to 754,000. This accounts for approximately half the entire industry’s gaming activity. NFT games account for 20% of all NFT trading volume, but there is one major shortcoming.

    SYN CITY introduces a free-to-play-to-earn gaming model, which takes the emphasis away from players having to pay-to-play, and encourages engagement by incentivizing pure gameplay and in-game interaction. 

    The importance of IGOs is rising as a new model of crowdfunding, which allows users to purchase tokens ahead of new game launches. The most popular blockchain games can also drop their NFT collections onto the Binance NFT platform.

    About SYN CITY

    SYN CITY is the first-of-its-kind “mafia metaverse” game built for the blockchain. Constructed by a team of experienced game developers, SYN CITY brings the mafia and syndicate-style gameplay on-chain while introducing a unique in-game governance feature called Mafia-as-a-DAO (MaaD). The platform’s native token, SYN, offers players access to several earning opportunities like events and governance rewards. Gamers can take part in daily events, including PvP, PvE, and Syndicate-based contests like cross-chain tournaments. 

    Contacts
    • Ryan Dennis
    • marketing@syn.city
  • Bitcoin Hashrate Improves to Pre-China Crackdown Levels

    Bitcoin Hashrate Improves to Pre-China Crackdown Levels

    Key takeaways

    • Bitcoin hashrate on December 6 surpassed the network’s peak computational capabilities from May 2021, before Beijing began its clampdown on the mining industry
    • Following the shut down of China-based mining operations, the BTC hashrate dropped by 70%, which was coincidentally the share of global hashrate originating from China at the time
    • The US accounts for the biggest share of BTC computational power, ahead of Kazakhstan and Russia

    Bitcoin hashrate, which is based on the computational power of crypto miners participating in the process of securing the network, has reached numbers not seen since China shut down its cryptocurrency mining in a series of regulatory clampdowns earlier this year.

    Bitcoin miners were forced to migrate to new locations to evade Chinese authorities

    When Beijing began an extensive operation to shutdown crypto mining facilities within the country’s borders back in May, the hashrate output of China-based miners accounted for more than 70% of the global Bitcoin network computational power. Today, the share of China-generated BTC hashrate is virtually zero.

    According to data from BTC.com, in the time period between May and June, when Bitcoin mining operations were slowly going offline one after another, the Bitcoin hashrate had dropped from May’s peak of 190.55 exahashes per second (EH/s) to a two-year low of 57.47 EH/s on June 27.

    Global Bitcoin hashrate production since January 2021. Image source: BTC.com

    Since then, countries around the world have picked up the slack, and in the span of six months, the global Bitcoin hashrate has recovered and reached 190.97 EH/s on December 6. For reference, the all-time peak hashrate production was recorded on April 15 at 198.51 EH/s.

    At the moment, the biggest share of Bitcoin computational power resides within the United States, which has become the top spot for new mining operations due to the abundance of cheap energy and massive infrastructure investments. According to data from Cambridge Bitcoin Electricity Consumption Index (CBECI), the US leads global hashrate output with a 35% share ahead of Kazakhstan’s 18% and Russia’s 11%.

    Bitcoin is by far the biggest proof-of-work (PoW) network, requiring an exuberant amount of electricity to stay online. The second-largest crypto, and still running on PoW consensus mechanism, Ethereum’s power requirements and computational capabilities pale compared to Bitcoin. For reference, Ethereum hashrate output on December 6 was 902.88 TH/s, over 200,000 times smaller than Bitcoin’s hashrate production on the same day.

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  • BingX Launches Social “Feed” Function to Facilitate Interaction within the Global Trading Community

    BingX Launches Social “Feed” Function to Facilitate Interaction within the Global Trading Community

    Singapore, Singapore, 9th December, 2021,

    Crypto Social Exchange BingX, has officially launched a social “Feed” function, providing a platform for global traders to share their trading ideas and discuss the latest market trends in real-time.

    BingX is a social trading crypto exchange with a vision of connecting traders and investors. BingX’s trading community has highlighted the importance of social features in the investment process, so the company has launched the Feed in response to this feedback, providing a more transparent and flexible experience to traders. 

    The BingX Feed will enable professional traders to share and post their views about the crypto market. They can exchange and disburse information more quickly, as well as learn trading strategies from one another.

    The feature also provides investors with a window into the investment strategies and true thinking of the world’s top traders. The BingX Feed transmits real-time comments from traders in the form of easy-to-read graphic messages, allowing users to keep abreast of the latest developments in the global crypto financial market from those in the thick of it. Content includes, but is not limited to, crypto news updates, technical analysis, and perspectives on key events driving the market. 

    The launch of this function promotes the development of crypto-asset investment in an intelligent and professionalised way, helping more newcomers to achieve profits and self-value. 

    BingX’s innovation provides users with more opportunities to showcase their activities and interact with others, enabling them to better understand the market and generate profits. Due to geographical limitations, time, and other related factors, each trader’s understanding of the market may be somewhat narrow. By way of communication, information exchange and resource sharing can be realized.

    When it comes to trading experience, professional traders who’ve been in the game longer are likely to have a more accurate strategy than the average investor. These experiences are useful for risk management and educating the average user.

    “It is essential that BingX continue to explore different avenues that are directed at bringing the crypto community closer and we are doing just that. The crypto space moves at a rapid pace, and as a result, it might be a bit difficult for traders to keep up with everything that is happening. Information is power and we want our traders and users to be well informed and be able to interact with each other. The Feed will change how users interact making information more accessible for users.” – Communications Manager at BingX, Elvisco Carrington

    Prior to launching the social Feed, BingX launched the global trading social network plan, aiming to help high-quality traders and investors around the world establish professional services and meaningful social relationships. The program allows traders to gain more global exposure, referrals from traffic sources, higher commissions with single service revenue, as well as more convenient and interesting new social features for early access, along with random blind box rewards.

    About BingX

    Founded in 2018, BingX is a global digital asset, spot, and derivatives trading platform that provides a user-centric and open ecosystem with intuitive social trading features. Created to enrich the entire cryptocurrency industry, BingX is a safe, reliable, and user-friendly venue for users to trade their favorite assets such as BTC, ETH & TRX. 

    Contacts
    • Kim Bazak
    • MarketAcross
    • kim@marketacross.com
  • India’s Quickest Growing Social Media Platform Chingari Sets its Sights High, Plans to Raise $16 Million in the Upcoming IDO

    India’s Quickest Growing Social Media Platform Chingari Sets its Sights High, Plans to Raise $16 Million in the Upcoming IDO

    Key takeaways:

    • The most rapidly growing short video app Chingari is launching IDO of its native social token GARI on SolRazr on December 15
    • The company aims to raise $16 million in the upcoming token sale, which would be the largest sale of its kind to date
    • Chingari boasts an impressive community of 32 million active users who produce a whopping 156 million content views per day on the platform

    Chingari, one of India’s leading social platforms, is launching the initial DEX offering (IDO) of its native GARI token on the SolRazr decentralized launchpad on December 15. The rapidly growing short-video sharing platform expects to raise a record-breaking $16 million in the upcoming public sale.

    GARI IDO will run from December 15 to December 18 on SolRazr

    Chingari is India’s quickest growing social media platform, sporting 32 million active users, 85 million downloads, and an impressive 156 million content views per day. It is no surprise that the company has set sights high for its upcoming IDO – Chingari aims to raise $16 million during the three-day-long public sale and become the world’s largest-ever raise for such a project in history.

    Chingari’s ambitions are definitely high but far from being unreasonable – they are rooted in the company’s past success. The social media platform raised a whopping $19 million from 30 institutional investors and numerous individual investors in October for the development of its Solana-powered GARI token. Additionally, the company raised a whopping $12.3 million during the GARI token sale on the crowd-equity platform Republic in early November. 

    Managing Partner at Republic Capital Andrew Durgee believes Chingari is turning the vision of crypto social tokens into a reality:

    “At Republic, we believe social tokens are an essential piece of the crypto community and creator economy. Chingari shares this vision and has taken innovative steps to bring that vision to life. Their creators and users will now be able to more truly monetize their own engagements and experiences.”

    Chingari’s brand ambassador and the host of the GARI token launch event in October was no other than Bollywood movie star Salman Khan. The film actor, painter, and avid humanitarian with more than 43 million Twitter followers is championing the Chingari-led content creation revolution.

    Tariq Wali, Chief Technology Officer at Chingari, talks about the revolutionary prospects of the web 3.0 era, which the company is at the forefront of:

    “The internet was the closest innovation to what’s happening in the crypto world now – the society moving to a world powered by cryptographic truth through the advancement of web 3.0. Paradigm shifts like this happen once in centuries.”

    GARI is built on the highly efficient Solana blockchain, allows users to interact with their favorite artists

    Chingari is revolutionizing content monetization with the social media token GARI, which allows content creators to create their individual e-commerce spaces, and gives fans the opportunity to interact with and support their favorite artists.

    Solana blockchain is a logical choice for the heavy workload GARI tokens are designed to take on. Ranging from non-fungible token (NFT) items to various monetization options, GARI is at the core of the rapidly emerging creator economy. Solana’s proof-of-stake (PoS) consensus mechanism coupled with a unique proof-of-history (PoH) timestamping algorithm allows the NFT-focused blockchain to achieve a maximum throughput of 65,000 transactions per second while retaining very market low transaction fees.

    GARI is currently fulfilling a governance role in the Chingari ecosystem, with plans of powering token-gated content and creator pools in the future. GARI token owners can also look forward to using their digital GARI funds for tipping purposes, in-video sales, and much more. 

    GARI IDO will launch on Solana Launchpad platform SolRazr on December 15 at an initial token price of $0.40 with 40 million tokens up for sale.

  • Safle Raised $4 Million to Launch Multi-Chain Identity Wallet in a Private Founding Round Led by MapleBlock and GSR

    Safle Raised $4 Million to Launch Multi-Chain Identity Wallet in a Private Founding Round Led by MapleBlock and GSR

    Key takeaways: 

    • Safle’s crypto wallet sports an easy-to-use UX and is powered by a web 3.0 infrastructure that allows decentralized application developers to effortlessly onboard users onto their dApps
    • Users retain full custody of their crypto assets stored in the SafleID at all times, with an ability to manage their private keys with minimum effort
    • The ecosystem’s SAFLE token initial DEX offering (IDO) will take place on December 16 on Polkastarter

    Safle, a blockchain infrastructure provider aiming to provide market-leading interoperability solutions for digital identity, has announced it raised $4 million in the recently concluded private funding round. 

    Safle’s multi-chain non-custodial crypto wallet SafletID is a next-gen gateway to the decentralized ecosystem

    Safle is building a non-custodial blockchain wallet that is designed to allow users to store their digital assets with ease and retain complete control over crypto assets at all times, thanks to the innovative on-chain identity method.

    Safle will provide decentralized finance (DeFi) users, developers, and enterprises with an opportunity to seamlessly access their crypto assets, including NFTs and a variety of DeFi assets, from a number of different blockchain platforms. Cryptocurrency veterans and newcomers alike will undoubtedly appreciate the streamlined user interface and easy-to-use private key management features of Safle’s decentralized wallet solution.

    Dunstan Teo, president and co-founder of Sanctum Ventures, talks about the reasons for investing in Safle:

    “NFTs and GameFi are currently the two hottest things in blockchain. We are vested and actively adding projects that facilitate innovation, sustainability, and simplified access to the ecosystem. Safle’s vision and tech. solutions can prove to be game-changing in this segment. We are excited to be part of Safle’s journey.”

    The importance of having full custody over digital assets is one of the hallmarks of crypto and one of the critical components that sets blockchain-powered finance apart from traditional financial solutions. In order to achieve the ambitious vision of creating an industry-leading wallet solution and a self-sovereign identity protocol, Safle has turned to prominent investors in the crypto sector to seek financial aid.

    MapleBlock, GSR, Sanctum, and Ghaf Capital Partners, and a long list of individual investors participated in the Safle private funding round, which netted $4 million for the development of infrastructure services required to run Safle’s decentralized suite of products.

    Vijay Garg, a partner and founder of Mapleblock, talks about the Safle team’s achievements and their long-term vision:

    “The Safle team has a strong focus on improving the DeFi user experience through their wallet. Their UI/UX felt much superior to many of the existing solutions in the space. We also strongly believe in their vision to create an on-chain identity that spans across multiple chains while retaining full custody of their assets at all times.”

    In order to provide maximum accessibility, Safle is developing an all-encompassing suite of decentralized products and services that allows users to interact with different blockchain ecosystems via a web application, mobile app, and internet browser extension.

    Safle ecosystem is powered by native SAFLE token, IDO slated for December 16 on Polkastarter

    The soon-to-be-launched project’s native SAFLE token will deliver community governance capabilities to the Safle ecosystem and allow SAFLE token holders to participate in the decision-making process that will shape the decentralized ecosystem going forward.

    In addition to community governance features, SAFLE tokens will have their value pegged to the SafleID use cases. To achieve an even distribution of developers and regular retail users, the company has built a decentralized autonomous organization, dubbed SafleDAO, which is maintained by SAFLE tokenomics.

    The highly anticipated initial DEX offering (IDO) for the SAFLE token will take place on December 16 on Polkastarter. To learn more about the upcoming IDO, click here.

  • How to Make Money Playing Blackjack

    How to Make Money Playing Blackjack

    Blackjack is one of the most popular casino games of all times. It has been played by amateurs since the 18th century and it is a favorite choice of gambling all over the world, due to its particular characteristics and its easy set of rules.

    First of all, one thing that distinguishes Blackjack from other gambling games is that it is a comparting card game. This means you do not compete against other players, you compete against the dealer.

    Easy rules and guaranteed entertainment

    The goal of the game is to win the dealer’s hand by achieving higher sums within the cards, but without exceeding 21. 

    The dealer usually shuffles up to eight 52 standard-card decks. After that, the players place their bets and the dealer give each of them an initial hand of two cards, starting of the left side of the table. One of the cards will be faced-up while the other will be faced-down for only your eyes to see. 

    At this stage of the game, the player has different options:

    • The player can choose “hit”, that is taking another card from the dealer and adding that number to the cards on his hand
    • The player can choose to “stand”, that is to stop taking cards and end their turn
    • The player can choose to “double”, that is to double their initial bet and taking another card
    • The player can choose to “split”, only if the cards on his hand have the same value in order to create two separate sets of hands
    • Or the player can choose to “surrender”, this implies giving away half of his original bet

    It is important to take into consideration that jacks, queens and kings are all worth 10 points and aces can be either 1 or 11 depending on the player’s choice. 

    Winning the game depends only on the hand of the dealer. If the dealer busts, all the hands that are still playing win. If the dealer does not bust, the player’s hands win if they are higher than the dealer’s.

    There you have it! The rules are simple and it is a very fast-paced, entertaining and dynamic game. The best of it is that you can play Blackjack for real money. Every casino most certainly has more than one Blackjack table available for gamblers but, it you much rather stay in the comfort of your home, you can enjoy playing Blackjack at online casinos.

    Choose an online casino

    Online casinos are the best choice for gamblers who prefer staying at home. They offer a wide variety of online games and the platforms are safe and amicable.

    One of the most interesting features of Blackjack in online casinos is that they offer variations of the classic game with different set of rules and extra opportunities to win real money. Some casinos even allow players to play multiple hands simultaneously. 

    Make sure that the casino you choose to play has great reviews and offers security measures for their players. The most popular online casinos like Las Atlantis, Wild Casino and BetUS offer years of impeccable reputation for gamblers in the United States. 

    After you cleared out any online security doubts or hesitations, the online casino you choose is strictly personal. Most of them offer competitive welcome bonuses for new gamblers, so bear that in mind! Also, check their payment methods and withdrawal fees for your winnings. These subtle things can make all the difference in the world in your gambling experience.

    If you are not currently residing in the United States, there are surely other online casino options in your region. Before signing in and giving any of your personal or bank information, make sure they are legislated and controlled by your country’s jurisdictions and that the online establishment is trustworthy and serious.

    Do not be discouraged if you never played before. The rules are easy and there are forums and other gamblers you can reach when in doubt. In time, you will improve your skills and entertain yourself. Some online casinos even offer the possibility to play live.

    Get ready to win real money playing Blackjack in online casinos!

  • Hathor Network Removes The Financial Barrier To Decentralized Applications

    Hathor Network Removes The Financial Barrier To Decentralized Applications

    Blockchain technology has proven to be one of the greatest innovations on the internet in the past decade. Bitcoin has become one of the most popular assets moving from an afterthought to a legal tender accepted in countries like El Salvador. 

    The application of blockchain technology has become vast and widespread, with the potentials to transform the finance industry and bring innovative concepts. Furthermore, blockchain protocols capable of hosting smart contracts have allowed new concepts like decentralized .finance and NFTs that have captivated many in 2021. 

    Ethereum is regarded as the largest smart contract network but has faced problems of high transaction costs and slow confirmation times. Many blockchain proponents believe that the best way for blockchain technology to spread is via a platform that makes it easy for anyone to participate in building applications. 

    Leading the next generation blockchain movement

    Hathor Network is a next-generation blockchain that focuses on ensuring everyone can build applications without technical knowledge. Projects can quickly develop applications and create tokens easily. It removes the complexity involved on other blockchain like gas fees, token standardization, and developers’ better experience. 

    Developers are presented with an easy to use interface that even non-tech savvy individuals can navigate. While many networks require an advanced level of technical expertise to operate wallets and conduct transactions. Hathor has created a user interface that any modern internet user can deploy. 

    Hathor is built on Directed Acyclic Graph (DAG) and blockchain technology to achieve these unique features. DAG ensures transactions can be linked together and increases energy efficiency that ensures that transaction fees stay low. 

    Merged mining is an innovative consensus mechanism with Proof-of-Work blockchains that enables more than one crypto to be mined without using additional energy. Miners have an extra incentive since they can mine Bitcoin and Hathor without spending extra on mining rigs. This ensures that Hathor network is secured as miners get rewarded with HTR tokens. 

    The rapidly expanding DeFi ecosystem is also supported on Hathor Network. Projects and individuals can leverage the powerful architecture of Hathor to build custom tokens, and all that is needed is to lock 1 HTR for every 100 units of the new token. 

    NFTs can also be minted on Hathor Network for low fees, and users can create artworks that can be sold on a dedicated marketplace.

    Like all technology, Hathor continues to evolve

    Another crucial aspect of a blockchain protocol is the number of use-cases that it has. Hathor has been used to build several decentralized solutions that cut across several applications. These include NFT platforms 9Block and Dropull. Other platforms include AfferoFlow, Databoi, Anubians, EON and WorkAxle. 

    Hathor also intends to launch a decentralized exchange called HathorSwap that will provide users with different features like staking, yield farming, and liquidity mining. On the partnership end, the blockchain protocol has collaborated with Simplex to create a crypto debit card. Its native token HTR is also listed on popular hardware wallet Ledger, and users can access their tokens within its platform. 

    As more blockchain applications get built on Hathor, the utility of its token HTR will increase alongside its value. Hathor token HTR has is listed on several platforms, including Kucoin, AscendEX, Coinmetro, SimpleSwap and more. To learn more about the project, visit the links. 

    Website  Medium  Twitter Telegram

  • Coinbase Lists Six New ERC-20 Tokens, Including Polkastarter (POLS) and SuperFarm (SUPER)

    Coinbase Lists Six New ERC-20 Tokens, Including Polkastarter (POLS) and SuperFarm (SUPER)

    Key takeaways:

    • Coinbase has listed six new tokens (exclusively as ERC-20 variants) on December 8 
    • Coinbase and Coinbase Pro users can now trade, store and transfer IDEX, MCO2, POLS, FOX, SPELL, and SUPER.
    • Coinbase is rapidly expanding its catalog of supported digital currencies, which grew from just six in 2018 to over 100 today

    Coinbase, one of the larger cryptocurrency exchanges, has expanded its repertoire of tradeable crypto assets by adding support for IDEX (IDEX), Moss Carbon Credit (MCO2), Polkastarter (POLS), ShapeShift FOX Token (FOX), Spell Token (SPELL), and SuperFarm (SUPER).

    Trading markets for the freshly listed tokens are already open

    Trading, sending, receiving, and storing the newly launched coins has been available to Coinbase and advanced trading platform Coinbase Pro customers since December 8. Keep in mind that there could be some regional limitations at play, so make sure to head to Coinbase’s Asset Directory page to learn about potential restrictions on a per-country basis.

    An official image showcasing new tokens supported by Coinbase. Image source: Coinbase

    Here’s a quick overview of the newly listed coins (please note that only ERC-20 versions of the new tokens are currently supported):

    • IDEX (IDEX)  – ETH-based token with robust staking capabilities powering the IDEX decentralized exchange.
    • Moss Carbon Credit (MCO2) – ETH token powering innovative carbon offsetting blockchain platform that uses token burning to finance land purchases in the Amazon rainforest.
    • Polkastarter (POLS) – utility token of a premier decentralized cross-chain fundraising platform on the Polkadot network.
    • ShapeShift FOX Token (FOX) – the native token of ShapeShift DEX, which sports powerful decentralized autonomous organizational (DAO) features to achieve high community engagement.
    • Spell Token (SPELL) – the native token of Abracadabra.money platform that allows users to use crypto assets as collateral to mint MIM stablecoins in exchange for enticing rewards.
    • SuperFarm (SUPER) – ETH token powering SuperFarm non-fungible token (NFT) marketplace.

    For a more detailed breakdown of each token, click here.

    Coinbase has for years been pretty stringent when it comes to listing new digital assets on its platform. For the longest time, the platform supported only six of the most well-established coins. This strategy came to a halt in September 2018, when the American publicly traded crypto giant announced significant policy changes and streamlined the new asset listing process. As a result, Coinbase now supports over 100 cryptocurrencies, ranging from industry staples such as Bitcoin (BTC) and Ethereum (ETH) to lesser-known altcoins such as 0x (ZRX) and Celo (CELO).

    Step by step overview on how to buy Bitcoin on Coinbase

    In early November, Coinbase rolled out a highly requested update to its cryptocurrency wallet solution, allowing customers to use it as a standalone browser extension without sacrificing any features. Coinbase Wallet users are able to access their NFTs, store and transfer more than 500 supported digital assets, and trade their crypto on various decentralized exchanges from the comfort of their internet browser.

    Following the listing of the six new coins, Coinbase shares (COIN) gained 0.37% and are currently exchanging hands at $287.5, good for a $61.9 billion market capitalization.

    Open Coinbase Account
  • BitTorrent invests in WOO Network as part of $30m Series A

    BitTorrent invests in WOO Network as part of $30m Series A

    Singapore, Singapore, 9th December, 2021,

    BitTorrent, the leader in peer-to-peer protocols and products, has announced the completion of its initial investment into WOO Network as part of the Series A round, which was announced on November 9. The round was led by Three Arrows Capital, PSP Soteria Ventures, Gate Ventures, QCP Capital, and Crypto.com Capital but featured many other strategic partners. BitTorrent is the latest name to join this list and offer strategic advice on growth and go-to-market strategies. 

    As part of this alliance, BitTorrent and WOO Network will be collaborating on various initiatives such as liquidity in both CeFi and DeFi venues and on the newly launched BitTorrent Chain (BTTC). Launched on November 4, BTTC is the first heterogeneous cross-chain interoperability scaling protocol in the TRON ecosystem. BTTC will support and be compatible with TRON, Ethereum, and Binance Smart Chain (BSC) upon its release; users will be able to transfer mainstream assets among TRON, Ethereum, and BSC in a decentralized manner without any limit. 

    “We are thrilled to welcome WOO Network as one of the initial ecosystem participants on the BitTorrent Chain,” said Steve Liu CEO of BitTorrent. “We believe in supporting innovative ideas and through this investment look forward to supporting the WOO Network in providing accessible democratized network-agnostic liquidity.”

    As a platform-agnostic liquidity provider, a strategic alliance with BTTC is a natural fit for WOO Network, which already has experience working with several blockchains, including BSC and Ethereum. In November, WOO Network launched WOOFi Swap, a decentralized exchange that uses granular market data to simulate the liquidity from their centralized order book on-chain. WOO Network and BitTorrent will explore opportunities to deploy similar products on BTTC, leveraging the throughput, speed, and low transaction fees to offer traders a better experience. 

    “Few companies in this space have the reach, experience, and resources that BitTorrent has,” said Ran Yi, Chief of Ecosystem Development at WOO Network. “This is one of the key reasons we are confident in BitTorrent Chain to build a robust network and why we are eager to take part in developing along with them. This partnership has the potential to open up a whole new audience of traders and users to the WOO Network suite of products.”

    WOO network will use the investment to accelerate its global market expansion through talent acquisition and opening a new R&D regional office in Warsaw, Poland. The capital will also be allocated towards the development of new product lines such as futures, social trading, and a suite of innovative DeFi trading and yield generating products.

    About TRON and BitTorrent

    Founded in 2004, BitTorrent is one of the largest decentralized peer-to-peer networks in the world, with almost 100 million active users driving 22% of upstream and 3% of downstream traffic globally.

    TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by Justin Sun, the company has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the acquisition of BitTorrent, a pioneer in decentralized services boasting nearly 100M monthly active users. The TRON ecosystem has gained incredible traction in recent years, with over 52 million users on the blockchain and upwards of 2.3 billion transactions. In addition, TRON boasts the largest circulating supply of stablecoins across the globe, overtaking USDT on Ethereum in April 2021. 

    About WOO Network

    WOO Network is a deep liquidity network connecting traders, exchanges, institutions, and DeFi platforms with democratized access to the best-in-class liquidity and trading execution at lower or zero cost. Its flagship product, WOO X, is a professional trading platform featuring customizable modules and lower to zero-fees complete with deep liquidity. WOO Network was incubated by Kronos Research, a quantitative trading firm generating $5-10B in daily volume.
     

    Contacts
    • Anjali George, Ben Yorke
    • press@bittorrent.com, ben@woo.network