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Lisk Launches Mainnet and Airdrop Campaign with 15M LSK Tokens Available to Earn

Lisk

Lisk, a leading Ethereum Layer 2 blockchain dedicated to empowering web3 builders in high-growth markets, is pleased to announce the launch of the Lisk Mainnet and the introduction of its Airdrop campaign, beginning on November 21st. This will be followed by an App Bounty Quest campaign launching by the end of the year. The first season of the airdrop will run for four months, incentivizing new users and builders to engage with Lisk’s blockchain ecosystem. In alignment with this effort, Lisk is implementing a comprehensive plan reflecting its past year's progress through strategic partnerships and various programs. This launch represents a new phase for Lisk, and the results will be closely monitored. A 2023 report by analyst firm Chainalysis reveals that high-growth markets, which dominate its Crypto Adoption Index, are driving web3 adoption and highlight a key trend in global finance. Lisk's focus on high-growth markets is strategic, considering these regions' notable growth and adoption rates, positioning Lisk firmly for the future. Key Highlights of the Airdrop Campaign: User Engagement through Task Completion: Participants can earn points by completing tasks on the Lisk platform. The more tasks completed, the more points earned, leading to more LSK tokens airdropped based on total points accumulated. Partnership-Driven “Super Tasks”: In collaboration with partners, including Oku.Trade, Ionic, Creo Engine, Angle Protocol, Soccersm, and Momint, Lisk will offer special tasks open for two weeks, providing boosted rewards designed to incentivize user engagement. Each partner will have a dedicated two-week period for users to complete the super tasks and earn immediate rewards. These super tasks will include educational and engagement-focused challenges announced throughout the campaign, encouraging users to actively participate and deepen their knowledge of the platform. App Bounty Quests: Launching by the end of the year, the App Bounty Quests will reward applications that meet specific milestones set by the Lisk team, such as achieving a certain volume or number of active users monthly. Successful participants will receive a sizable LSK token bounty via airdrop. “We designed this airdrop campaign to be seamless, engaging, educational, and even fun, reflecting our mission to create web3 applications that are easy to use and beneficial,” said Dominic Schwenter, COO of Lisk. “The promise of mass adoption rests in the vision and dedication of builders in high-growth markets who are solving everyday problems for their communities and businesses via blockchain technology. I hope participants find a deep connection to our mission as we pave the way together. This launch marks a new era for Lisk, and we can’t wait to see the results of what we are creating." Lisk is one of the few historical projects that continues to thrive and was the first Layer 1 to evolve into a Layer 2. In December 2023, Lisk announced its migration to an Ethereum Layer 2 solution and became one of the earliest members of the OP Superchain alongside Optimism and Base, and followed more recently by significant projects like WorldChain (by WorldCoin), Soneium (by Sony), Unichain (by Uniswap), Ink (by Kraken), to name a few. This announcement comes on the heels of significant progress for Lisk. The network is poised for substantial growth and user engagement, with partnerships forged with major players such as: Circle: Launched the Circle Bridged USDC Standard, offering Lisk projects seamless access to USDC. This enhances both developer and user experiences, while reducing liquidity fragmentation across EVM blockchains and rollups. Rarible: Lisk NFTs are now available for live trading, with the initial mint launched at Coinfest Asia in September. The launch featured an exclusive airdrop from Indonesian artist Yahya Rifandaru. LayerZero: Enables seamless token transfers and omnichain application development across supported chains, enhancing interoperability within the Lisk ecosystem. Rainbow Wallet: Native integration of the Lisk network into the Rainbow Wallet app and browser extension allows automatic token balance detection, NFT indexing, DeFi position tracking, in-app swaps, and cross-chain asset bridging. Fireblocks: Lisk will be supported by Fireblocks for secure asset storage and transfer, ensuring institutional-grade security for token management and enterprise solutions. Velodrome: The leading decentralized exchange (DEX) on Optimism’s mainnet, Velodrome, is launching on Lisk from day one, aiming to enhance liquidity and leverage the existing Superchain ecosystem. In addition to the above, Lisk has partnered with Angel Hack, Aya Labs, CV Labs, Key Difference Labs, and others to establish accelerator programs to support developers building real-world solutions in high-growth markets. In September, the Optimism Foundation accepted Lisk’s grant proposal for 500,000 OP tokens to grow USD and non-USD-backed stablecoins on Lisk and the Superchain. The overall airdrop campaign boasts a budget of up to 15 million LSK tokens. For more information and to participate in the airdrop campaign, visit Lisk’s official channels on X, Discord & LinkedIn and join our growing network of builders. About Lisk Lisk is a Layer 2 blockchain dedicated to empowering web3 adoption in high-growth markets back to Ethereum. By leveraging cost-efficient, scalable, and innovative Layer 2 technology, Lisk enables real-world applications in high-growth markets to operate efficiently on Ethereum for the first time. Lisk's founder-focused approach provides a comprehensive ecosystem of startup programs, tooling, seed liquidity, and knowledge bases to support local founders from inception to success. As a long-standing web3 infrastructure project, Lisk has been contributing towards democratizing blockchain accessibility for developers globally since 2016. As an original member of the Optimism Superchain, Lisk plays a pivotal role in building the industry's first truly interoperable supernetwork alongside Optimism, Base, Mode, and Worldchain. Contact Details Wahaj Khan wahaj@serotonin.co Company Website https://lisk.com/

November 12, 2024 11:00 AM Eastern Standard Time

DeepSales Achieves ISO 27701 Certification, Reinforcing Data Privacy and Security Standards

Rev Up Marketers

DeepSales, a leading provider of lead generation solutions, announced that it has achieved ISO 27701 certification, further demonstrating its dedication to data privacy and adherence to international standards. This certification, an extension of the ISO 27001 standard, is recognized globally for outlining rigorous standards in managing personally identifiable information (PII). By achieving ISO 27001 in May of this year, DeepSales has a solid foundation in information security management, further reinforced by ISO 27701 to address evolving privacy requirements. ISO 27701 certification confirms that DeepSales meets stringent privacy standards to mitigate privacy risks and establish trust. The certification process, completed through an independent audit, evaluated DeepSales’ data management practices, which comply with the demands of privacy regulations such as the GDPR and CCPA. This achievement enhances DeepSales’ reputation as a reliable partner, reinforcing its commitment to protecting client information across markets. "This certification is a crucial accomplishment, reflecting our commitment to secure, transparent data management practices," said Jeremy Kim, CEO of DeepSales. "Our clients rely on DeepSales to drive data-driven strategies, and this certification reaffirms that their data is handled with the utmost security and care." In addition to achieving ISO 27701, DeepSales has introduced enhanced privacy measures to support clients in meeting diverse regulatory requirements. These measures focus on strengthening data protection processes and improving privacy management capabilities, aligning with recognized global best practices. DeepSales will continue prioritizing security innovations and privacy measures, empowering organizations to scale their sales efforts confidently and securely. For more information about DeepSales’ ISO 27701 certification and data privacy practices, please visit DeepSales: www.deepsales.com About DeepSales DeepSales is a sales intelligence platform that empowers businesses to streamline lead generation and optimize their sales strategies through AI-driven contact data. Specializing in the Asia-Pacific region, DeepSales provides localized data and expertise, helping companies navigate complex markets like South Korea, Japan, China, and India. With a focus on innovation and user-friendly design, DeepSales equips sales teams with tools that enhance efficiency and drive revenue growth. Contact Details DeepSales Taehee Kong +82 70-4417-5507 tkong@deepsales.com Company Website https://deepsales.com/

November 12, 2024 06:50 AM Eastern Standard Time

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Communication Services (XLC) to Meet Digital Economic Shifts

Select Sector SPDR

In today's digitally-driven world, the Communication Services Select Sector SPDR Fund ( XLC ) continues to focus on offering investors exposure to companies in the telecommunications, media, and entertainment sectors within the S&P 500. This highlights the fund’s current holdings and its strategic approach amid a continuously evolving digital landscape. Portfolio Overview With an expense ratio of 0.09%*, XLC's portfolio features some of the most influential companies shaping the digital transformation. Key holdings** include: Meta Platforms (Facebook): 19.83% Alphabet (Google) Class A: 10.92% Alphabet (Google) Class C: 9.03% Netflix: 6.33% Comcast: 4.69% T-Mobile: 4.68% Walt Disney: 4.51% AT&T: 4.43% Take Two Interactive: 4.42% Electronic Arts: 4.40% These companies, along with other significant holdings, provide a broad view of the communication services sector. The combination of telecom leaders and media firms reflects XLC’s balanced strategy to capture this sector's dynamic nature. Embracing the Digital Evolution The digital economy is characterized by the extensive adoption of digital services across personal and business environments. Upticks in internet usage, the increasing popularity of streaming platforms, advancements in mobile technology, and the introduction of innovative communication tools underscore the sector's continuous evolution. The Communication Services Select Sector SPDR Fund (XLC) is focused on S&P 500 components within these industries, trying to capitalize on opportunities within the digital and communication services space. XLC offers investors a way to deeply engage with this critical sector. About the Communication Services Select Sector SPDR Fund (XLC) The Communication Services Select Sector SPDR Fund (XLC) is designed to offer exposure to leading companies in the communication services sector of the S&P 500. With this targeted approach, XLC aims to offer investors an adaptable portfolio that can navigate the rapidly changing digital economy. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. *Ordinary brokerage fees apply **Holdings, Weightings & Assets as of 10/31/24 subject to change DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007955 EXP 1/31/25 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

November 12, 2024 05:00 AM Eastern Standard Time

Peru promotes the development of technology startups by attracting foreign investors

Promperu

Twenty-five foreign investment funds from Argentina, Bolivia, Brazil, Chile, Colombia, the United States, Guatemala, Mexico and Paraguay met with Peruvian startups and venture capital funds dedicated to technological development to evaluate investment opportunities during the 4th High Technology Investment Meeting organized by the Commission for the Promotion of Peru for Export and Tourism (PROMPERÚ). The event fostered connections between entrepreneurs and potential foreign investors through rounds of business meetings in which representatives of Peruvian startups and venture capital funds explained their business models, the performance achieved and the potential they have in order to obtain capital injection. With this action, PROMPERÚ's goal is to position the country as an attractive destination for foreign direct investment in the high technology sector and to promote the growth of the national entrepreneurial ecosystem of technology and innovation. "In recent years, Peru has established itself as a destination country for foreign direct investment in the high-tech sector because it has a solid ecosystem of entrepreneurship and innovation. There is a thriving business network that is gradually becoming more sophisticated, made up of universities, incubators, accelerators, impact investment funds, corporate actors and business groups that form and foster startups. Likewise, our country offers investors macroeconomic stability, supported by its fiscal and monetary policies, and legislation that promotes and protects investment," stated Daniel Córdova, Director of the Investments Promotion at PROMPERÚ. The 4th High Tech Investment Meeting was held as part of Lima Tech Week 2024, one of the most important events in Peru's technology and entrepreneurship calendar, which brought together industry leaders, entrepreneurs, investors and professionals, both local and foreign, to explore the latest trends and developments in technology and innovation in the entrepreneurial ecosystem of the Peruvian market. During the first day of the event, 35 Peruvian startups - from the Fintech, Foodtech, Edtech, Future of work, Construtech, E-commerce and SaaS subsectors - met with 18 foreign venture capital funds aiming at getting them to invest in their ventures. On the second day, 9 national venture capital funds, which constantly invest in technology ventures in the Peruvian market, held meetings with 7 international limited partners in an effort to obtain additional financing. Foreign investment in the Peruvian High Technology sector Between 2004 and September 2024, USD 427 million of foreign direct investment was registered in the High Technology sector in Peru through 121 projects executed by 112 companies. This investment generated an estimated 7507 direct jobs in our country. During this period, the countries with the largest investments in this sector in Peru were the United States (USD 80.6 million), Spain (USD 78 million), Argentina (USD 59 million), Chile (USD 50.5 million) and Costa Rica (USD 30.9 million). The subsectors with the highest number of registered projects were software publishing (60 projects), custom programming services (32 projects), internet publishing and web search (22 projects) and video games (5 projects). To know more about investment opportunities in Peru, visit https://investperu.peru.info/en-us/ The Commission for the Promotion of Peru for Exports and Tourism (PROMPERÃ) is an entity under the Ministry of Foreign Trade and Tourism of Peru and the body responsible for formulating, approving, executing and evaluating strategies and plans for the promotion of Peru's image in tourism, exports and foreign direct investment in the country. Contact Details José Carlos Collazos jcollazos@promperu.gob.pe Company Website http://www.promperu.gob.pe

November 11, 2024 03:00 PM Eastern Standard Time

Smart Glasses To Reach Nearly $16 Billion By 2027

Benzinga

By Johnny Rice, Benzinga Eyal Peso, co-founder and CEO of Gauzy (NASDAQ: GAUZ) and Joseph Harary, president and CEO of Research Frontiers (NASDAQ: REFR), were recently guests on Benzinga’s All-Access. The two discussed the boom in smart glass technology and its exciting future. Gauzy is a fully-integrated light and vision control company focused on the research, development, manufacturing and marketing of vision and light control technologies. This tech aims to support safe, sustainable, comfortable and agile user experiences across various industries. Research Frontiers is the developer of patented SPD-Smart light-control film technology which allows users to instantly, precisely and uniformly control the shading of glass or plastic products, either manually or automatically. Watch the full interview here: Featured photo by GianCarlo Greco on Unsplash Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 11, 2024 08:45 AM Eastern Standard Time

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Duke Robotics Announces Commercial Launch of IC Drone for High-Voltage Insulator Washing Services

UAS Drone Corp.

Duke Robotics Corp. (OTCQB: DUKR) (formerly known as UAS Drone Corp, OTCQB: USDR) (the “Company” or “Duke Robotics”), a leader in advanced robotics technology and autonomous drone solutions, is pleased to announce the successful completion of the development and official launch of its innovative IC Drone, a first-of-its-kind system for washing high-voltage electric insulators. Following an extensive development phase and successful pilot testing, the IC Drone is now fully operational with the Israel Electric Corporation (IEC) and positioned for deployment with other utility providers worldwide. The IC Drone’s advanced technology provides utility companies with a safer, more efficient, and environmentally sustainable solution for maintaining high-voltage electric infrastructure than the currently available methods. This state-of-the-art, drone-enabled system replaces traditional methods that rely on large, resource-intensive tanker trucks or helicopters, achieving significant water savings and operational cost reductions per insulator or electric pole. Key Features and Benefits of the IC Drone: Enhanced Safety and Precision: Enables high-voltage insulator cleaning with minimal personnel risk and greater precision compared to traditional methods. Environmental Sustainability: Reduces water usage significantly, supporting sustainability initiatives within utility maintenance. Cost-Effective Operations: Cuts operational costs by tens of percent per insulator and simplifies access to remote or difficult-to-reach infrastructure. Yossef Balucka, Chief Executive Officer of Duke Robotics, commented, “The launch of our IC Drone marks an important milestone in our journey to revolutionize utility maintenance. By offering a safer, more efficient, and eco-friendly solution, we believe the IC Drone will create substantial value for utility providers around the world. We look forward to bringing this groundbreaking technology to market and helping companies optimize their operations while prioritizing environmental stewardship.” This IC Drone launch exemplifies Duke Robotics' commitment to leveraging robotics technology to drive innovation across civilian and utility sectors, complementing its existing solutions for military applications. About Duke Robotics Corp. Duke Robotics Corp. (formerly known as UAS Drone Corp) is a forward-thinking company focused on bringing advanced stabilization and autonomous solutions to both military and civilian sectors. Through its wholly owned subsidiary, Duke Robotics Ltd., the company developed TIKAD, an advanced robotic system that enables remote, real-time, and accurate firing of lightweight firearms and weaponry via an unmanned aerial platform (UAV) designed to meet the growing demand for tech solutions in modern warfare. Duke Robotics Ltd. Also developed the IC Drone, a first-of-its-kind robotic, drone-enabled system for cleaning electric utility insulators. The unique system, based on the Company's advanced intellectual property and know-how, integrates algorithms, autonomous systems, and robotic technologies used in mission-critical applications. For more information about Duke Robotics Corp (Previously UAS Drone Corp) please visit www.dukeroboticsys.com or view documents filed with the Securities and Exchange Commission at www.sec.gov. Forward-Looking Statements This press release contains forward-looking statements. Words such as "future" and similar expressions, or future or conditional verbs such as "will," are intended to identify such forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are based on our beliefs, assumptions, and information currently available to us. For example, we are using forward-looking statements when we discuss the benefits of its IC Drone technology, the potential for global expansion of our IC Drone services, the anticipated demand from utility providers, and the potential future growth of our commercial offerings. Our actual results may differ materially from those expressed or implied due to known or unknown risks and uncertainties. These include, but are not limited to, risks related to the successful market adoption of the IC Drone, continued development and refinement of our technology, fluctuations in foreign currency exchange rates, and competition from technological advances. For additional information on these and other risks and uncertainties, please see our filings with the Securities and Exchange Commission, including the discussion under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and any subsequent filings with the Securities and Exchange Commission. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise. Contact Details Duke Robotics Corp. Yossef Balucka, CEO invest@dukeroboticsys.com ARX | Capital Markets Advisors North American Equities Desk DUKE@arxadvisory.com

November 11, 2024 06:00 AM Eastern Standard Time

HashKey Global Announces Support for TRC-20 USDT and TRX

HashKey Global

Hamilton, Bermuda - November 8, 2024 - HashKey Global, is excited to announce support for TRC-20 USDT and TRX. HashKey Global has completed the integration of Tether (USDT) on the TRON network, and deposits and withdrawals for TRC-20 USDT are now open. Furthermore, we are pleased to announce the listing of Tronix (TRX) on November 6, 2024 at 08:00 (UTC). Ben El-Baz, Managing Director of HashKey Global, commented on the integration, stating, "We are glad to integrate with the TRON network. This integration will enhance transaction efficiency for our users, aligning perfectly with our commitment to providing reliable and innovative digital asset services. It supports our vision of a more accessible and secure digital economy, ensuring our users benefit from faster, more secure transactions." HashKey Global opened the TRX/USDT spot trading pair on November 6, 2024, at 08:00 (UTC). Deposits and withdrawals of TRX are open starting on November 6, 2024, at 08:00 (UTC). This addition enhances trading options for our users, providing greater flexibility and contributing to HashKey Global's overall growth and liquidity. Sam Elfarra, Community Spokesperson at the TRON DAO, expressed his enthusiasm, stating, "We are excited about HashKey's integration with the TRON network. As a leading exchange, HashKey brings significant opportunities to expand TRON's global reach and accessibility. HashKey's support for TRC-20 USDT and TRX enhances the TRON ecosystem and supports the broader adoption of blockchain technology globally. We're excited to see the positive impact this will have on making crypto more accessible to users worldwide." The inclusion of TRC-20 USDT and TRX on HashKey Global highlights TRON's expanding international reach and HashKey Global's dedication to offering reliable and innovative digital asset services as a leading exchange. The integration with the TRON network enhances HashKey Global's platform, offering users more comprehensive trading options. About HashKey Global HashKey Global is the flagship digital asset exchange under HashKey Group, offering licensed digital asset trading services to users worldwide, and becomes one of the fastest-growing crypto exchanges in 2024. HashKey Global has obtained a license from the Bermuda Monetary Authority providing mainstream trading and service products such as LaunchPad, contracts, leverage, etc. Please read our latest Disclaimer. For more details, please visit global.hashkey.com Follow HashKey on X, Telegram, and Discord For media inquiries, please contact luna.wang@hashkey.com About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the 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 November 2024, it has over 270 million total user accounts on the blockchain, more than 8.8 billion total transactions, and over $16 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) 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 in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Yeweon Park press@tron.network Contact Details Luna Wang luna.wang@hashkey.com

November 08, 2024 05:34 PM Eastern Standard Time

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TRON DAO Participates as Gold Sponsor at Binance Blockchain Week in Dubai

TRON DAO

Geneva, Switzerland, November 8, 2024 – TRON DAO participated as a Gold Sponsor at Binance Blockchain Week 2024, held from October 30 to 31, 2024, in Dubai. This event brought together leaders from across the industry to discuss the evolving landscape of blockchain technology and its impact on the global economy. Key Highlights from Binance Blockchain Week Justin Sun, founder of TRON, recently joined a Binance Live Session, “Binance Blockchain Week Dubai 2024: The Road to Dubai”, to discuss TRON’s latest advancements. He highlighted TRON’s protocol revenue reaching all-time high, a gas-free stablecoin solution, the development of a BTC L2 on the TRON network, and the new T3 Financial Crime Unit, an initiative launched in collaboration with Tether and TRM Labs. Sam Elfarra, represented TRON DAO as a Community Spokesperson in a panel discussion titled “Building the Backbone of Digital Payments & Stablecoins.” The panel explored blockchain’s transformative role in digital finance and highlighted how platforms such as TRON support stablecoin activity while contributing to the digital payment infrastructure globally. “Blockchain technology is essential in emerging markets. With the TRON network hosting 35% of the global stablecoin market, TRON provides valuable digital infrastructure worldwide, empowering consumers, businesses, and developers through stablecoins," said Sam Elfarra, Community Spokesperson for TRON DAO. The conference concluded with TRON DAO and Binance co-sponsoring the Official BBW After Party during Halloween. The exclusive gathering consisted of TradFi professionals, developers, and various industry leaders. Attendees shared insights and engaged in forward-thinking discussions focused on advancing blockchain technology; exploring its potential to reshape industries, drive transformative solutions, and foster a more connected future. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the 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 November 2024, it has over 270 million total user accounts on the blockchain, more than 8.8 billion total transactions, and over $16 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) 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 in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | X | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Yeweon Park press@tron.network Contact Details Yeweon Park press@tron.network Company Website https://trondao.org/

November 08, 2024 05:08 PM Eastern Standard Time

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TRON DAO Unveils TRON-Peg USD Coin: A New Gateway to Borderless Transactions

TRON DAO

Geneva, Switzerland, November 7, 2024 - TRON DAO has officially launched the TRON-Peg USD Coin on the TRON blockchain, an innovative cross-chain solution designed to streamline borderless transactions and broaden TRON’s stablecoin ecosystem. By facilitating seamless and efficient cross-chain transfers, TRON-Peg USD Coin expands the possibilities for users to leverage USDC across the TRON ecosystem. Efficient Cross-Chain Functionality TRON-Peg USD Coin enables seamless USDC transfers between Ethereum and TRON, serving as an essential stablecoin bridge. Qualified users can easily acquire TRON-Peg USD Coin through a streamlined cross-chain process: when USDC-ERC20 is deposited into Ethereum’s bridge contract, the system detects the transaction, mints an equivalent amount of TRON-Peg USD Coin on TRON, and transfers it directly to the user’s TRON address. Similarly, general users wishing to move TRON-Peg USD Coin back to Ethereum can initiate the process through the designated token contract on TRON. Cross-chain transactions between TRON and Ethereum can also be conducted through supported exchanges. Transparent and Secure with Free Cross-Chain Services TRON-Peg USD Coin offers users free cross-chain transaction services. Additionally, its reserve assets are fully transparent in real-time, ensuring that reserves consistently exceed the total supply. This guarantees that users can always redeem their USDC on Ethereum at a 1:1 ratio. Users can verify reserve assets in real-time. Security remains a top priority, with TRON-Peg USD Coin rigorously audited by ChainSecurity, a leading blockchain security company led by security experts from ETH Zurich. The comprehensive 24-page audit reinforces TRON’s commitment to user security and contract integrity. Ioannis Sachinoglou, lead engineer at ChainSecurity, stated: “This Tron-Peg USD Coin bridge audit allowed us to explore TRON’s cross-chain infrastructure in depth. We analyzed the bridge’s mechanisms, as well as the interactions between the TRON and the Ethereum networks. Collaborating closely with the TRON team, we worked to identify and address potential vulnerabilities, ultimately reinforcing the bridge’s robustness and enhancing user trust. We're looking forward to further collaborating with TRON and supporting the security of their ecosystem.” Shaping the Future of Stablecoin Technology With TRON's position as a major player in the stablecoin market, representing over one-third of the entire stablecoin supply, TRON DAO is committed to continuously refining TRON-Peg USD Coin with enhanced security and user-focused value. These enhancements aim to position TRON-Peg USD Coin as a trusted choice for secure, seamless transactions, empowering users worldwide. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the 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 November 2024, it has over 270 million total user accounts on the blockchain, more than 8.8 billion total transactions, and over $16 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) 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 in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | X | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Yeweon Park press@tron.network About TRON-Peg USD Coin TRON-Peg USD Coin is a stablecoin bridging tool on the TRON blockchain that is collateralized by USDC on Ethereum. It allows users to seamlessly utilize USDC for different types of transactions within the TRON ecosystem and transfer USDC seamlessly between Ethereum and TRON. https://tronusdc.i o Media Contact Sally Chen pr@tronusdc.io Contact Details Yeweon Park press@tron.network Company Website https://trondao.org/

November 08, 2024 01:05 AM Eastern Standard Time

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