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Tron network-based gaming app, Tronbet, reaches 300 million TRX payouts

Published

5 years ago

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Tron

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://twitter.com/TRONbet/status/1054653962220011521

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:

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

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A Guide to Exploring the Singaporean ETF market

Published

2 months ago

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February 20, 2024

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Singapore’s Exchange Traded Fund (ETF) market has grown, offering investors diverse investment opportunities and access to different asset classes. As the market evolves, investors must navigate these uncharted waters with a clear understanding of Singapore’s ETF landscape. This article explores the trends, challenges and strategies for navigating the Singapore ETF market. To start investing in ETFs, you can visit Saxo Capital Markets PTE.

The Singaporean ETF Market: Exponential Growth

The Singapore ETF market has seen significant growth in recent years, with an increasing number of ETFs covering a wide range of asset classes and holders. different investment topics. 

One of the notable trends in the Singapore ETF market is the growing diversity of available options. Investors can now choose from ETFs that track domestic and international stock indexes, bonds, commodities, and specialist sectors or themes. This diverse range of ETFs allows investors to create comprehensive portfolios tailored to their investment goals.

The growth of the ETF market in Singapore is also due to growing investor demand for low-cost, transparent, and accessible investment vehicles. ETFs offer benefits such as intraday liquidity, real-time pricing, and the ability to trade on exchanges. These characteristics have made ETFs attractive to retail and institutional investors who want exposure to different asset classes.

Regulatory Landscape and Investor Protection

The Monetary Authority of Singapore (MAS) is the…

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Property Loans for Foreigners in Singapore That You Must Know About

Published

4 years ago

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March 27, 2020

By

property loans for foreigners in Singapore

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:  

  • If you are applying for a bank loan, you can borrow a maximum of 75% of the value of the property you want to purchase. That means if you are looking for a property that costs $500.000, the maximum amount of money a bank lender can give you like a loan in Singapore is going to be $375.000. 
  • When you are applying for a loan with a Housing…
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CoinField Launches Sologenic Initial Exchange Offering

Published

4 years ago

on

February 19, 2020

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Sologenic

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 to KYC and fiat ON & OFF ramping,” said CoinField’s CEO…

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