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San Francisco, California, 15th September, 2021,

TRON, one of the world’s largest and most popular blockchain-based operating systems, and BitTorrent, the leader in peer-to-peer protocols and products, has announced the launch of BitTorrent Chain (BTTC). BTTC marks TRON and BitTorrents’ first-ever foray into the cross-chain field, heralding the advent of a whole new era! 

Three years into its inception, the TRON protocol has grown into a network that handles transactions averaging over $10 billion every day and as a competitive Layer 1 blockchain protocol that exists side by side with Ethereum. Total assets on the TRON blockchain have ballooned over $50 billion, and the total value locked in TRON decentralized financial programs has surpassed $10 billion.

These achievements have boosted Justin Sun’s expectation of TRON protocol’s future development. He mentioned its new vision in a recent open letter, saying that the TRON protocol “which handles five times the daily transactions of PayPal is tipped to be the Global Settlement Layer for all.”

Meanwhile, BTTC will play an essential role introduced into the TRON protocol as a Layer 2 solution. According to Justin Sun, positioned as a global settlement layer, Layer 1 of the TRON protocol will focus on providing secure and fast settlement services at lower fees for financial institutions, crypto assets, and decentralized finance. In the meantime, the BitTorrent Chain, a Layer 2 scaling and cross-chain solution, will migrate TRON’s DeFi, NFT, DAPP, and other emerging blockchains onto Layer 2 and provide cross-chain solutions. 

BTTC marks the beginning of a new era where all chains are connected. Anyone following cross-chain projects may have heard of the three cross-chain bridge attacks against Chainswap, Anyswap, and Poly Network in July and August alone, among a number of recent cyberattacks. Total losses amount to over $628 million, affecting dozens of notable projects.

The brand new cross-chain bridge BitTorrent Chain is not only a perfect security solution to such attacks, but it also addresses some of the urgent needs in this field. Allowing users to enjoy lower handling fees and faster transactions by offering higher throughput on the main chain and higher TPS. In the meantime, developers can create applications on BitTorrent Chain at a higher speed with a lower cost. Furthermore, with a more secure and transparent mechanism, BitTorrent Chain ensures complete transparency of all nodes and custody accounts and full traceability of transactions. These features altogether guarantee asset security for all users on BitTorrent Chain.

As the first heterogeneous cross-chain interoperability scaling protocol in the blockchain space, BitTorrent Chain, or BTTC, will support and be compatible with TRON, Ethereum, and Binance Smart Chain (BSC) upon its release. In other words, with the help of BitTorrent Chain, users can transfer mainstream assets among TRON, Ethereum, and BSC in a decentralized manner without any limit. Furthermore, in the near future, BitTorrent Chain will be compatible with more public chains, fulfilling the mission of connecting all chains. Thus, a new era where all chains are connected has been officially ushered in by BitTorrent Chain. 

It is worth attention that BTTC will be fully compatible with the Ethereum Virtual Machine. As mentioned in the open letter of Justin Sun, TRON has invested $450 million in its DeFi strategy and will continue to commit another $1 billion to BTTC developer support and DeFi mining. 

Besides, a Super Representative election of BitTorrent Chain nodes will be held on the TRON blockchain, where BTT holders will stake and vote. Anyone is welcome to this completely decentralized BTTC node election, and BTT holders can not only cast votes by staking but enjoy staking rewards from their votes. It should be noted that the election will be closed once the limit of the number of available nodes and BTT staking amount is reached. After becoming a network validator, users can earn a certain amount of BTT and participate in community governance.

To drive the growth of the TRON ecosystem, 5 billion SUN was committed in June 2021 to participants of Genesis Mining and Governance Mining and holders. SUN.io has thus been upgraded at all fronts, becoming TRON’s one-stop platform for stablecoin swap, token mining, and self-governance. Ultra-high mining rewards following the launch of the project have attracted a large number of users. For example, in less than 30 minutes after going online, 3pool LP pool saw its APY rocket to as high as 3,000%, while those of SUN-TRX LP (II) pool, SUN Stake pool, and SUN Stake & Lock pool registered surges of 9,500%, 100%, and 100% respectively. At present, the SUN-TRX LP (II) pool still boasts an APY of 72.05%, with a total staked volume of $730 million!

In the meantime, TRON Foundation has launched mining on its lending platform JustLend and liquidity mining on JustSwap, which are star projects following Genesis Mining on TRON. This not only maintains diversity in TRON’s DeFi ecosystem, continues providing DeFi mining opportunities with low entry barriers and generous returns but also meets users’ demand for a premium mining platform.

Users can earn transaction fees on top of mining rewards when they stake LP tokens to participate in JustSwap liquidity mining. At present, brand-new mining modes (phase IV) of JustLend and JustSwap are in full swing. As we advance, TRON and BitTorrent have aligned on the vision of “connecting all chains.” Moreover, BTT tokens will be at the heart of the BitTorrent Chain as a value bridge, connecting all parts to build a holistic cross-chain ecosystem with functional value circulation. Thus, as the new era of “connecting all chains” arrives, it is highly promising that BitTorrent Chain will start another new chapter.

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 stable coins across the globe, overtaking USDT on Ethereum in April 2021. 

Contacts

• Anjali George
• anjali@tron.network

Singapore, Singapore, 14th September, 2021,

Crypto Social Trading Platform, Bingbon has thrown in its support to help planet earth fight climate change.

Bingbon has forged ahead with plans to replenish and revitalize Turkey’s flora and fauna through afforestation efforts. Just last month, the country was set ablaze by wildfires, which left its natural habitat in a chaotic state resulting in severe destruction to the forest and wildlife there. 

Motivated by this phenomenon, Bingbon took initiative by allotting a special budget for what is called “Bingbon Carbon-Free and Afforestation Project”, investing thousands of dollars, purchasing unused land to plant trees.

“Climate change is no joke. It is as real as it gets. We’ve all seen the havoc and have also felt the effects of it. To sit back and do nothing would actually be a disservice to the world. As a rapidly growing exchange, Bingbon has a moral duty and a social responsibility to lend a helping hand with regards to climate change-related issues” said Elvisco Carrington, Communications and Partnership Manager at Bingbon.

Bingbon collaborated and band together with a local team in Turkey whose sole responsibility was to source the land, plant, and water the trees. A total of one hundred trees varying from almond trees, linden trees, walnut trees, and chestnut trees, will be planted on a plot of land in Ankara, the Capital of Turkey.

Mr. Carrington also added that the vegetations were chosen because they are “suitable for the Turkish climate with the capacity to produce clean oxygenated air for mankind while providing food and shelter for all kinds of insects and animals there.”

This project is only the first of its kind. Bingbon will continue to lend its full support by funding more projects aimed at environmental protection, climate change, and disaster relief in the future.

About Bingbon:

Bingbon is a fintech company that aims to make the crypto market available and accessible to the world and enabling all participants from all walks of life to invest in a simple and transparent way.

Bingbon is a crypto exchange offering both spot & derivatives trading services. Bingbon started as a derivatives exchange in 2018 but subsequently entered the spot trading arena in 2021.

Contacts

• Kim Bazak
• MarketAcross
• kim@marketacross.com

Singapore, Singapore, 15th September, 2021,

SolRazr, a Solana-powered venture platform that recently introduced a decentralized developer ecosystem for the Solana blockchain, has announced that its Launchpad will be going live on October 4, 2021. SolRazr’s IDO is also being launched via their platform.

SolRazr’s native crypto token SOLR will be offered with the goal to secure $250,000 in capital. The amount of SOLR tokens offered during the sale and the offering price will be announced a few days before the IDO. Half or 50% of the IDO tokens may be unlocked immediately and the remaining 50% will be distributed over a 5-month timeframe (10% every month).

SolRazr has been developed to act as the “de-facto” fundraising and developer platform for projects developing software solutions on Solana. SolRazr will be focused on accelerating the development of the nascent decentralized finance (DeFi) ecosystem by providing a high-performance network.

Solana will be powering transactions on SolRazr in order to help projects with acquiring capital in an efficient manner and also to assist investors with making contributions at affordable negligible transaction costs, explained Sreekanth Kalapur, Co-founder at SolRazr. “SOLR will act as a utility token and is central to the functionality of our Launchpad. Future allocations to the upcoming IDOs on our platform require SOLR tokens to be staked.”

“CryptoDiffer is proud to be the media partner of Solrazr. We plan to cooperate closely with Solrazr team to bring awareness to crypto communities about new rising stars of Solana ecosystem coming straight from Solrazr launchpad!” – Maksym Kyryliuk, co-founder at CryptoDiffer

“ZBS Capital is proud to support Solrazr, an innovative project offering Launchpad, Accelerator, and Developer Tools on Solana. ZBS Capital shares the vision of Solrazr and we will put our resources to help to find early stage projects aiming to build on Solana and connect them with Solrazr team for future cooperation!” – Vladyslav Skakun managing partner at ZBS Capital

A Highly-Secure, Performant, and Bot-Proof Platform

Kalapur has also noted that the platform is optimized for speed and it’s inexpensive to use. He added that it’s highly secure and bot-proof, providing “fair” and decentralized allocations for the SolRazr community. He clarified that SolRazr is not merely a launchpad and that they’re creating a platform with developer tools so that anyone can deploy applications on Solana.

SolRazr will have a unique allocation model for retail clients, by leveraging non-fungible tokens (NFTs) on Solana. It’s worth noting that Solana has emerged as a widely adopted blockchain platform for building decentralized applications. It’s a Proof-of-Stake (PoS) blockchain with a pBFT-derived consensus mechanism and 200 nodes operating globally.

Solana can handle 50,000 transactions per second (TPS) because of its coordinated optimizations. Transactions are handled in parallel by GPU hardware natively, with Solana being the “only multi-threaded blockchain” in the crypto space.

Solana Rising in Popularity Among Institutional Clients

Blockchain or distributed ledger tech (DLT) platforms and cryptocurrencies are beginning to truly go mainstream with the growing interest from institutional investors, according to SolRazr Co-Founder Vijay Kalangi. Notably, European digital asset manager CoinShares’ recent digital asset fund flows report reveals that Solana has become a favorite among major institutional players.

But we’re still in the very early stages and “not even at 1% of global tech adoption in digital assets and projects,” Kalangi acknowledged. He also noted that watching SolRazr transform into the platform they’ve got today has been truly remarkable. According to Kalangio, we’ve only begun to “scratch the surface” of what the comprehensive SolRazr ecosystem is capable of in the long term.

SolRazr recently secured $1.5 million in capital  through an investment round from Moonrock Capital, Ascensive Assets, and Morningstar Ventures.Prominent funds also took part in the round, including Genesis Block Ventures, Divergence, Genblock Capital, CMS Holdings, PANONY, and Skynet Trading. Angel investors such as Sam Kazemian from Frax Finance, Leo Cheng from CREAM, Santiago R Santos, and Chris McCann contributed to the round as well.

Jonathan Habicht, the firm’s Managing Partner, said that Moonrock Capital is pleased to be a part of the SolRazr journey. Habicht added that SolRazr and its main components have been developed to address  “adoption-critical” requirements of the Solana blockchain ecosystem. It is a platform that has been implemented by experienced blockchain professionals.

SolRazr offers advanced builders with a suitable platform for securing capital and innovating on Solana. It also makes it easier for investors to participate in the ecosystem, stated Oliver Blakely, Manager Partner at Ascensive Assets.

Contacts

• Sreekanth Kalapur
• marketing@solrazr.com

Singapore, Singapore, 15th September, 2021,

xtingles, the revolutionary mobile-first platform that stores audio-visual Autonomous Sensory Meridian Response (ASMR) art on blockchain with non-fungible token (NFT) technology, today announced that it will drop its first ASMR NFT, “Free like a Butterfly” on September 16. The drop coincides with xtingles dedicated ASMR NFT marketplace launch.

According to Andrew Fai, xtingles’ Chief Visionary Officer, “’Free Like a Butterfly’ is an art piece about freeing yourself. It leverages the unique communicative qualities of ASMR to help you find a path to becoming who you truly are and breaking free from constructs.” Pre-launch listeners have described the experience of “Free Like a Butterfly” to be like floating weightlessly into the clouds and feeling like everything is possible. It will be xtingles’ first ASMR NFT drop on its marketplace, signaling the birth of new opportunities.

“Free Like a Butterfly” will have a mint price of 29 FUSD, which is a stable coin issued on Flow Blockchain that is redeemable 1-to-1 with US Dollars. Anyone with a credit/debit card can buy in. The drop will be available starting on September 16th at 11 AM EST, and ending on September 21st at 11 AM EST. xtingles decided to make the artwork available for five days because many potential buyers do not have FUSD. They will have to go through a mandatory “know your customer” (KYC) process with Moonpay and expect at least 10 minutes of verification time. 

Additionally, most NFT drops now involve intense FOMO and expensive gas fees. This model is not sustainable in the long term, as xtingles sees it. Instead, xtingles emphasizes fun and pleasant experience for all. With xtingles, all collectors get the opportunity to participate in their favorite ASMR NFT drops without worries.

About xtingles

The mission of xtingles is to deliver ASMR to 1 billion souls. The company’s vision is to create a community-first ASMR metaverse. 

For more information, visit www.xtingles.com 

Contacts

• Shani
• shani@xtingles.com

Singapore, Singapore, 15th September, 2021, Chainwire

• The total mintage of the OpenPunks project will be limited to 10,000 NFTs.
• Gate.io’s repurchase plan commits to purchase OpenPunks a year after its mintage at the original price

Global digital asset exchange, Gate.io, has announced OpenPunks, a community-driven NFT collection aimed to spark the creativity of its users, inspiring a deeply integrated community while promoting the NFT ecosystem.

According to Gate.io, OpenPunks is the world’s first community-driven NFT collection, encouraging users to explore their creativity and create new NFT artworks. OpenPunks are built on Gate.io’s public blockchain, GateChain ecosystem and use the company’s NFT Magic Box marketplace for trading.

According to data from Reuters, NFT sales volume during the first six months of 2021 surpassed $2.5 billion, signalling a high appetite for NFTs across the world. Consumers aren’t the only ones investing in NFTs, last month payment processor Visa acquired a CryptoPunk NFT for nearly $150,000.

Inspiring Users To Become Creators

A total of 10,000 OpenPunks will be generated by the system, consisting of different combinations of attributes. Users can then purchase these sets of attributes and use them to create their very own NFT artworks in the form of OpenPunks, displaying them as either an image or video. OpenPunks can be traded or sold on the Gate.io NFT Magic Box marketplace.

“Gate.io users will be able to create their own unique OpenPunks based on several different attributes including character type, hair colour, skin tone and role and more. OpenPunk combinations will be entirely generated by the system and users will be able to pick those they resonate with most. Since OpenPunks are built with layered characteristics, users will be able to update them at any point in time,” said Marie Tatibouet, Chief Marketing Officer at Gate.io.

Guaranteed Value

The total mintage of OpenPunks will be limited to 10,000 NFTs and Gate.io commits to repurchase OpenPunks a year after its mintage at the original price through a dedicated repurchase plan. Should the value of these OpenPunks be higher than the original price, users can opt not to sell them.

About Gate.io

Gate.io allows blockchain enthusiasts to trade and store assets in over 890 of the leading cryptocurrencies for over 6 million users from over 190 countries. The exchange offers spot, margin, futures and contract trading in addition to DeFi products through HipoDeFi, custodial services through Wallet.io, investments through Gate Labs and it’s dedicated GateChain platform. The company also offers a wholly integrated suite of products such as its Startup IEO platform, NFT Magic Box marketplace, crypto loans and more.

Contacts

Comms Head

• Diksha Sharma
• Gate.io
• diksha@mail.gate.io