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

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Tron
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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:

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.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

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

Altcoins

AZ FundChain Offers a Compelling Alternative to Traditional Crowdfunding

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AZ FundChain
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Although many tokens have collapsed during the ongoing altcoin apocalypse, the future remains bright for applications with real world usage.  Because of the ongoing bear market and limited trading opportunities, analyzing businesses with the potential to experience real world adoption should be the priority.  Part of that analysis should include looking at industries that need improvement.  During my analysis, one area that quickly popped up is the field of traditional crowdfunding and money circles.  And, as it turns out, AZ FundChain application offers a compelling alternative.

Problems with Traditional Crowdfunding

President Obama’s JOBS Act essentially laid the ground work for crowdfunding.  This legislation was passed in 2012 and included a provision for large groups of anonymous investors to fund startups.  It essentially gets around the dreaded “qualified investor” requirement that created a barrier for so many potential participants.  Crowdfunding is a great way for non-traditional businesses to raise funds for operating capital.  It certainly beats having to beg a bank for a loan, or, even worse, a loan shark.

But, as the common cliché goes, no good deed goes unpunished.  Traditional crowdfunding and money circles certainly have their fair share of problems.  The biggest problem is trust.  There are essentially very little checks and balances when it comes to how these companies will use the money that is raised.  Companies can promise the world but may not deliver…

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Why no one should be using banks

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why no one should be using banks
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If government is the devil, the bank is a demon.

It’s not your money anymore.

The moment you put your money on your bank account it becomes the property of the bank. Legally speaking you have just lend your money for minuscule interest. And since the money is not your, terms do apply, so you cannot withdraw all of them in one day, if the amount is high.

Government will know everything

Today banks are obligated to tell the authorities everything they know about you, including how much money you have, how you got it and where you spend it. The golden age of bank secrecy is over. Of course if you are a law abiding citizen, you might think that you have nothing to hide, but it’s not about hiding stuff. It’s about basic human right, and rightness for private life. The government should not be allowed to watch you.

Banks ask too many stupid questions

It’s your money, you rightfully earned them, but still you need to explain to the bank where you got it from and be shamed by them. The funny part is that after long and painful due diligence process the bank may still decline in providing service for you.

They can legally suspend your account or even steal your money

Laws are not made to protect people, they are made to protect the…

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Neteller to Launch a Crypto Exchange

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Neteller
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The way to make sure that the cryptocurrency momentum continues and that cryptocurrency credibility occurs is when big companies begin offering services based around cryptocurrency and other features of blockchain. This was certainly the case when Neteller recently announced it will offer a cryptocurrency exchange service in addition to its digital wallet services. The company announced that the 28 currencies compatible with the fiat wallet were able to buy, sell, and hold cryptocurrencies – including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. It makes sense to begin with Bitcoin and Ethereum as they are seen as the originators of what cryptocurrency and blockchain can do and also the future of how blockchain can be used, despite news that Ripple may be set to topple them all. Neteller’s move into cryptocurrency shows it has its sights set on a bright future of cryptocurrency and making it more accessible. But where do they stand now?

Neteller and Cryptocurrency

Neteller are optimistic about the exchange features of the digital wallet, claiming that they plan to add more cryptocurrencies in the near future. Neteller’s benefit is the ease at which one can begin their cryptocurrency trading journey. Not only do a range of banks offer services to fund the wallets and exchanges, but so do a variety of online payment options. This helps remove the barrier to entry that exists in…

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