Tron (TRX) has achieved a significant milestone as Tronbet, one of the major Dapps on its platform (in fact, the very first gaming dApp on Tron network) that is yet to complete the first week of its launch has recorded more users on its platform. The gaming dApp has paid tokens worth more than $4.7 million to its users from the time it was launched.
Tronbet is a gaming platform where users can bet games through the Tron-link wallet. When bets are placed, a betting code is sent to them that then can be used to know the results of each game played.
The Tron blockchain-based gaming dApp has already reached the number of more than 150,000 transactions per day, thus, recording about 20 percent of Tron’s daily transactions. It is necessary to note that Tronbet has been pivotal in helping Tron surpass Ethereum’s daily transactions.
Ethereum has been a top rival to Tron’s network – and this rivalry still stands. Tron, on the other hand, has reported that in the last couple of days, its daily transactions has peaked and exceeded 630,000 daily transaction volume.
Tron is on the quest to decentralized the entertainment industry, and it is succeeding as the blockchain project has succeeded in creating seven major dApps on its platform (so far), some of which are for music contents, payment solutions, and chat apps such as HummingPay and Seedit.
The Driving Force Behind Hike in Tron (TRX) Daily Transactions
A chunk of the increased daily transactions today on Tron’s network has been as a result of Tronbet. A tweet that went out yesterday by the team behind Tronbet, reads:
https://t.co/WqCzbG1Fo9 just hit a major milestone! Over 500,000 plays and over 300 million $trx won by players. Thank you to the #TRON and #ANTE community!
More updates are on the way! Stay tuned!@justinsuntron @Tronfoundation pic.twitter.com/BlJJGXlD7J
— TRONbet (@TRONbet) October 23, 2018
Tron peaked on its daily transaction surpassing Ethereum’s by 33,563 for the first time on Oct.18th. Following the trend, on the second day after that, Tron also exceeded Ethereum as it recorded a total of 630,018 surpassing it by 28,210. Overall, Tron’s network has had an immense increase, and in the last ten days, it has increased by 687 percent.
As in any case, Justin Sun celebrated this feat through a tweet:
Ethereum has 82,418 Txs pending today. It is the second day that #TRON has surpassed #ETH in daily Txs. 10/18 #TRX 599,677 vs. ETH 565,971; 10/19 $TRX 630,018 vs. ETH 601,119. All ETH developers need to migrate to TRON immediately with 0 cost! https://t.co/X9rBW9SZ41 pic.twitter.com/9bvtG5lkWq
— Justin Sun (@justinsuntron) October 20, 2018
To increase the number of users to an enormous level, Tronbet has also imputed a bonus structure that allows the users to receive ANTE – which permits them to place bets periodically on the platform. It is important to know that for every thousand TRX staked on Tronbet by a user, 1 ANTE will be received, according to a whitepaper released by the game. The ANTE token will soon be applied to other gaming platforms that will be created on Tron’s network.
Meanwhile, Tron has been trading steadily in the market as it is moving at the range-bound of $0.023- $0.025. At the time of writing, TRX is priced at $0.0237 with a market cap of $1,559,504,421.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Mohamed_Hassan/Pixabay
Property Loans for Foreigners in Singapore That You Must Know About
Intending to invest in a residential or commercial property in Singapore?
When it comes to foreigners applying for a loan in Singapore, things can be pretty hard regardless of the reason whether you need the property for personal or business purposes.
In Singapore, buying a property is challenging, whether you are a foreigner or a native, and sometimes applying for a loan is the only way for you to afford it.
HOW MUCH CAN YOU BORROW FOR A PROPERTY LOAN IN SINGAPORE?
As for the Foreigner Loans, in Singapore, there is an exact amount of money you can borrow to finance the purchase of a property.
In this sense, Singapore has the Loan to Value Ratio (LTV).
The LTV ratio is what determines the exact amount of money you can borrow for a property loan, which changes depending on where you try to obtain the loan:
CoinField Launches Sologenic Initial Exchange Offering
CoinField has started its Sologenic IEO, which is the first project to utilize the XRP Ledger for tokenizing stocks and ETFs. The sale will last for one week and will officially end on February 25, 2020, before SOLO trading begins on the platform. Sologenic’s native token SOLO is being offered at 0.25 USDT during the IEO.
Earlier this month, Sologenic released the very first decentralized wallet app for SOLO, XRP, and tokenized assets to support the Sologenic ecosystem. The app is available for mobile and desktop via the Apple Store and Google Play. The desktop version is available for Windows and Mac.
“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited…
Many of the Top Sports Betting Websites for 2020 Can Be Found On Boomtown’s Best Betting Page
Sports betting is one of the widely known types of online gambling. With a large number of sports fans around the world, this type of gambling is one of the most sought after. The problem usually comes from when gamblers try to find the best sites out of the many available ones. Many new sports betting sites come up daily, thus making the selection process even harder. One of the best places to find top betting websites for sports is Boomtown Bingo. This platform doesn’t just give users the best online casino games websites, but they also cover sports betting. As such, boomtown bingo remains a one-stop-shop for everyone who needs the best and the latest online gambling and gaming sites for all types of devices.
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