November 8, 2021 – Singapore, Singapore

TRON, one of the largest and most popular blockchain ecosystems, is introducing a new $1,111,111,111 ecosystem fund designed to entice developers to its network of blockchains and services. The fund aims to deliver more developer-friendly tools that can be leveraged to enlarge and refine a burgeoning ecosystem that already hosts multiple activities including decentralized finance (DeFi), non-fungible tokens (NFTs) and stablecoins.

Justin Sun, founder of TRON, said,

“This fund reflects our constant efforts to innovate and stay at the bleeding edge of blockchain. As the blockchain universe expands to new horizons, cross-chain interoperability – especially in DeFi and NFTs – will play a critical role in our continued success. Accordingly, encouraging the developers who are the backbone of this decentralized movement to join us is crucial for maintaining the TRON ecosystem’s longevity and competitive edge.”

Besides supporting developers and overall ecosystem development, the fund intends to attract more existing projects and protocols to the network through its forthcoming incentives. This move aligns with TRON’s addition of JustLend and JustSwap DeFi services alongside Sun’s intentions to wholeheartedly embrace stablecoins. TRON already hosts and circulates multiple stablecoins on-chain including USD Tether, USD Coin, TrueUSD and TRON’s own USDJ, with daily on-chain transfer volumes surpassing $10 billion on multiple occasions.

The latest milestone in TRON’s saga comes just weeks after the foundation launched BitTorrent Chain – also known as BTTC – to help scale the ecosystem. Co-developed by the TRON and BitTorrent teams, the BTTC proof-of-stake protocol is designed for cross-chain interoperability with TRON, Ethereum and Binance Smart Chain (BSC). This protocol will enable the seamless transfer of major digital assets across multiple protocols affordably in a decentralized manner, enhancing TRON’s position in the ever-expanding DeFi landscape.

Moreover, TRON has been gaining traction in the traditional finance arena, with VanEck’s VTRX exchange-traded note (ETN) seeing a dramatic increase in demand. The note, which trades on Deutsche Börse, among major exchanges of 14 European countries including those in Amsterdam, Paris and Zurich, is fully-backed by TRON’s native token Tronix (TRX). The latest flow data highlights that the ETN added 200,000,000 TRX on November 2, 2021, amounting to nearly a $20,000,000 addition and bringing VTRX’s aggregate holdings above one billion TRX.

About TRON

TRON is dedicated to accelerating the decentralization of the Internet through blockchain technology and DApp use cases. Founded in September 2017 by Justin Sun, TRON has since achieved a number of milestones, including mainnet launch in May 2018, network independence in June 2018, and TRON Virtual Machine launch in August 2018.

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Anjali George

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November 8, 2021 – Dublin, Ireland

Squire Patton Boggs – one of the world’s leading full-service legal companies for ensuring cross-border compliance counseling as well as incident response – has announced a new partnership with internationally-patented ASTRA Protocol, in order to give assurance and compliance confidence to the decentralized finance (DeFi) ecosystem.

Squire Patton Boggs maintains business offices in 20 different countries on four continents. The firm’s international legal practice is in key markets where clients regularly carry out high volumes of business, focused on the digital assets sector.

Their ecosystem also includes strategic working relationships with independent companies operating in European and Latin American markets. Their extensive practice and industry expertise are shared through one of the most advanced tech platforms in the legal industry, along with an ongoing rotation of legal professionals to their offices across the globe.

In addition, the firm applies industry knowledge as well as project management tools to implement regular business process enhancements and improve the overall value of its legal services.

Astra Protocol – a cutting-edge legal and compliance layer that brings unmatched assurance to public blockchains – is pleased to confirm that it is working cooperatively with Squire Patton Boggs, which will be accepting ASTRA as its first DeFi payment method.

Leveraging decentralized assurance layer on public blockchains

Although current blockchain and crypto firms have created challenges for regulatory authorities throughout the world, Astra Protocol offers a decentralized assurance layer on public blockchains to support the exponential growth of DeFi.

Astra’s assurance layer is able to plug into an existing DeFi platform in order to ensure that the funds arrive at their intended destination, via its internationally patented technology. The protocol has been designed to prevent insecure or invalid smart contracts from executing.

If a transaction turns out to be fraudulent or if the funds end up in the incorrect crypto wallet address, then Astra is able to resolve the dispute and restore the funds right away, while also following applicable regulatory guidelines.

Joe Crowley, senior policy advisor at Squire Patton Boggs, is also an American politician who served as US representative from New York’s 14th congressional district from 1999 to 2019, said,

“We are pleased to partner with the Astra Protocol team and are looking forward to working with their colleagues around the globe.

“Astra is the preeminent compliance protocol business within the DeFi industry that is able to give assurance to regulatory agencies as well as [to] individual clients, which in turn will help boost confidence in DeFi’s legitimacy as a global industry.”

Sakhib Waseem, chief innovation officer at Astra Protocol, said,

“We are extremely pleased with our partnership with Squire Patton Boggs and look forward to working with Congressman Crowley and his organization. As we at Astra Protocol define the next generation of decentralized global compliance structure across the DeFi industry, it is important to have key partners who understand the needs of both the crypto community and are in tune with the latest changes in the regulatory space.

“Squire Patton Boggs has a great presence across the US and internationally. This partnership is another affirmation we have the latest understanding of regulatory enhancements around the world and can provide an industry-leading standard to our customers and clients.”

About Astra

Astra Protocol’s mission is to equip the DeFi world with a full legal layer – removing doubt, eliminating fraud and dealing with disputes – making public blockchains safe for all users and unlocking the future growth of the industry.

Decentralized finance or DeFi has become one of the most attractive, exciting and lucrative blockchain markets. But the harsh reality is that if funds are sent to the wrong wallet address or the transaction is a scam – money is likely to be lost forever.

With very few regulations in place to protect consumers, DeFi is too high-risk for big corporations. What is missing is an assurance layer that connects the crypto world and the real world to provide trust and peace of mind.

Our solution is Astra. This revolutionary legal layer plugs into any existing platform, ensuring all funds arrive safely at their correct destination. Even if something goes wrong, we can quickly and efficiently resolve the issue with Astra and restore your funds immediately.

About Squire Patton Boggs

Squire Patton Boggs is a full-service global law firm providing insight at the point where law, business and government meet, giving you a voice, supporting your ambitions and achieving successful outcomes.

To view the company’s legal notices, please visit here.

With a multidisciplinary team of over 1,500 lawyers in 45 offices across 20 countries, the firm is well-established geographically, with strong local and regional positions in North America, Europe, Asia Pacific, the Middle East and Latin America, and our practice experience spans all key sectors.

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Adam Ali

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November 8, 2021 – London, United Kingdom

Smart Inu, the only verified and audited smart contract investment platform on the Binance Smart Chain (BSC) network, has introduced its innovative investment solution, making it easier for users to start investing in crypto assets on BSC.

The Binance Smart Chain has seen explosive growth in developer and user activity since its launch in September 2020. It handles over 10 million transactions per day. Smart Inu believes that smart contracts are the future of crypto investing, and the BSC is the right blockchain to drive mass adoption.

Using smart contracts, Smart Inu aims to eliminate the risks that investors face in the crypto industry, including token scams, rug pulls, lack of liquidity, extreme volatility and dishonest developers. Since its solution-based structure doesn’t require market volatility, users’ tokens and potential returns are not dependent on the market price swings.

Smart Inu offers a computerized transaction protocol that automatically implements the terms of a contract between two parties. Similar to the common contract, both users on the platform have to define the rules and terms of engagement while transacting. Upon initiation of the smart contract, it runs as designed, with zero possibility of altering the predetermined conditions.

Smart Inu is a community-driven project, meaning the community will vote on the future of the project. The platform, with its innovative investment solution, aims to offer investors predictable returns. Users must own the BNB token – a minimum of 0.01 BNB – to start investing.

About Smart Inu

Headquartered in the UK, Smart Inu is a Binance Smart Chain-based investment platform that uses smart contracts to make crypto investing easier and safer for investors. Its smart contract-based investment solution removes the risk of token scams and rug pulls, among other things. Smart Inu aims to change the way people perceive investing and trading in the crypto space.

Website | Telegram | Twitter

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Brian Young

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November 8, 2021 – Victoria, Seychelles

KuCoin, a global leading cryptocurrency exchange, celebrates the second anniversary of the KuCoin Margin Trading platform and will launch a series of celebration events with millions of dollars of rewards.

Launched in 2019, KuCoin Margin enables users to borrow tokens to amplify investment returns from successful trades.

Until now, the number of margin traders on KuCoin has exceeded two million, and the transaction volume increased by over 500x YoY. Currently, it supports 75 tokens with 99 margin trading pairs. In addition, as a global margin trading platform, KuCoin Margin supports 19 languages to meet the demand of our users around the world.

In the past two years, many innovative features have been introduced on KuCoin Margin. To enable a quick and easy-to-use leverage transaction, the ‘auto-borrow’ function has been launched to simplify the borrowing process.

Meanwhile, KuCoin Margin brought ‘crypto lending,’ a C2C market for users to lend their idle crypto assets to make passive income. As of Q3 2021, the average daily lending volume on the KuCoin lending platform reached $100 million.

Johnny Lyu, CEO of KuCoin Global, said,

“As the People’s Exchange, KuCoin continuously optimizes user trading experience and provides services for all classes of investors. Trading with leverages will amplify the potential gains and risks alike. We are increasing efforts to educate users that leverage is not a devil – it depends on how you use it. This is to help more KuCoin users make the most of the services and tools we offered to achieve their investment goal.”

The KuCoin Margin team also revealed its upcoming plan. In order to further enrich the users’ investment options, a number of new coins will be available on the KuCoin Margin trading platform. In addition, users can look forward to more new features, such as the ‘isolated margin,’ which is planned to be launched in 2022.

On the celebration of its second anniversary, KuCoin Margin will initiate a series of activities with millions of dollars worth of rewards available to all.

About KuCoin

Launched in September 2017, KuCoin is a global cryptocurrency exchange for over 400 digital assets. It currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking and lending to its eight million users in 207 countries and regions around the world.

In 2018, KuCoin secured $20 million in Round A funding from IDG Capital and Matrix Partners. According to CoinMarketCap, KuCoin is currently the fifth biggest crypto exchange. In 2021, Forbes named KuCoin as one of the best crypto exchanges for 2021.

To find out more, visit the website.

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Ashley Wang

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November 8, 2021 – London, United Kingdom

Esports Fight Club (EFC), the leading blockchain-powered watch-and-earn platform, has announced the successful completion of its rebrand to VeraEsports on November 8, 2021. Verasity, a blockchain enterprise known for its patented ‘proof of view’ technology and as the parent organization of VeraEsports, initiated the rebrand to prepare the esports platform for significant expansion in the gaming sector as well as institutional partnerships.

Verasity first launched EFC in 2019 as a proof of concept, supporting the company’s patented proof of view technology. Since then, VeraEsports has managed to obtain a significant market share in the esports streaming sector, reaching over 10 million users.

Users of VeraEsports are rewarded with selected prizes for engaging with the platform in order to incentivize user engagement for publishers and streamers. Additionally, VeraEsports users are able to participate in or host their own online tournaments for various titles and compete for a pool of tokens.

Since its original inception, VeraEsports has forged partnerships with a number of leading gaming companies and titles, including Dota, PUBG, Counter-Strike: Global Offensive, Valorant, Riot and more. By hosting tournaments and streams of popular esports titles on VeraEsports, Verasity has not only introduced millions of online gamers to its blockchain-based watch-and-earn functionality but has also demonstrated the considerable benefits of its proof of view technology to global corporations.

RJ Mark, CEO of Verasity, said,

“The rebranding of Esports Fight Club was to both align closer with Verasity as we work to unite esports and crypto communities within a single hub – and also to reflect a completely new era in esports. We worked with our partners to deliver a completely new experience for gamers. We are bringing a secure, transparent platform to advertisers and content creators, where they are secure from fraud, bots and malicious actors.”

VeraEsports continues to uphold trustworthiness to its user base and partners, assuring them of zero bots or fake news on its platform. The successful rebrand is a chance for a more open and innovative ecosystem for online gamers and crypto at large.

Esports fans can begin playing, watching and earning points on the website or join the esports community on Discord. For more news on the same, readers can follow Verasity on Telegram and Twitter.

About VeraEsports 

VeraEsports is a competitive esports and video streaming platform integrated with the fiat and digital asset economies. Layered on Verasity’s blockchain platform, VeraEsports leverages its patented proof of view technology to offer advertisers and sponsors an ecosystem free of fraud from bots and non-human views.

VeraEsports is creating new social and economic opportunities for video gamers, teams, tournament organizers, viewers and brands in the global esports industry. VeraEsports’ revolutionary watch-and-earn program enables viewers to earn redeemable points just by watching their favorite tournament streams.

About Verasity

Verasity.io is a protocol and product layer blockchain platform for esports and digital content. Verasity is committed to delivering a better user experience for all stakeholders within the digital content space.

By offering transparency, security and trust with our patented proof of view technology, we are working to eliminate online ad fraud and NFT fraud – ultimately changing how digital advertising is done today.

Within esports, Verasity promises to dominate the industry with superior blockchain technology and the best-gamified viewership experience.

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Simon Moser, PR Manager at Polygrowth

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