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Introducing the DEFHOLD Token Presale: Join And Buy Tokens Now

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DEFHOLD introduces a non-inflationary staking and farming system that rewards users for HODLing their tokens. 

Most crypto investors exit the market during price drops, opting to convert their assets for fiat or stablecoins. This strategy enables investors to buy back into the crypto market at a lower rate.

However, it is often difficult for traders to determine the market bottom, as the task requires a high level of understanding of the market.

The DEFHOLD ecosystem is built to offer yield generating investment tactics to long-term crypto holders in both a market pump and dump.

DEFHOLD Presale Details

DEFHOLD will roll out its highly anticipated token presale on November 18, 2020 at 9:00 AM PST. The token sale will distribute DEFO, the primary utility token for the project, to early-bird investors.

The event will be held by Liquidity Dividends Protocol (LID), the platform where DEFHOLD chose to host its Presale. LID offers investors protection against rug pulls by automatically allocating liquidity into Uniswap pools, which is a much-needed guarantee in the DeFi space.

The token presale will reward investors with a discounted listing price where they can grab 1.56 DEFO for 1 ETH and benefit of presale bonus up to 25%. DEFHOLD will distribute a total of 3,576 DEFO out of a total supply of 12,000 DEFO.

To maintain liquidity levels as high as possible, LID and DEFHOLD have decided to allocate 75% of the raised ETH together with 19.50% of the DEFO tokens into the Uniswap liquidity pools.

The funds will be locked permanently using LID smart contracts, ensuring that participants get an early chance to earn returns on their crypto assets. This process will also alleviate investor fears over any exit scam concerns.

DEFHOLD also plans to distribute tokens to presale investors via airdrops through VIP staking pools setup by Ferrum Network. To be eligible for the airdrops and VIP pools, users will need to buy their DEFO during the presale and not sell them. Since a lot of presale investors are going to stake their DEFO for at least 30 days, the chances of seeing a listing dump with this project are significantly reduced.

Following the launch of the main DEFO pools, users will initially have the option to stake DEFO tokens or farm DEFO/ETH and DEFO/USDT LP tokens.

Moreover, DEFO token holders will soon participate in the fully decentralized DEFHOLD platform’s governance.

They can vote to launch new pools with new tokens, different lock-up periods, and have their say on other proposals related to future developments within the ecosystem.

Implementing Autonomous Yields Generating Strategies

DEFHOLD encourages holders to join and stay within the ecosystem by facilitating them to stake or farm their assets into pools with various pre-defined lock-up periods.

Holders have the option to withdraw their assets from the liquidity pools before the term of the lock-up period by applying an early withdrawal fee (EWF). Some holders will likely choose this option due to liquidity requirements or market moves fears.

The EWF will serve as the first revenue stream for pool members who have accurately managed their portfolio and own liquidity requirements.

Investors who prudently manage their portfolio allocation will be able to stay within the selected pool until the end of the lock-up period and avoid paying any EWF. Such investors are rewarded with a share of the EWF from the individuals who withdraw their funds prematurely.

An additional revenue stream for investors will be created by applying a 2% transfer fee on every DEFO token transfer. This fee will also be redistributed to stakers and farmers.

These two mechanisms on the DEFHOLD network generate continuous yields to stakers and farmers in a non-inflationary manner while promoting a robust community of long-term token holders.

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TrueUSD Names Five Banks Holding the Stablecoin’s USD Reserve

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1. TUSD is currently in collaboration with five banks.
2. Partner banks provide a safeguard for TUSD’s asset security.
3. TUSD is now audited by auditing firm Armanino.

Stablecoin TrueUSD (TUSD) named five of its current bank collaborators that ensure asset security for its USD reserves.

According to TUSD, it currently works with Signature Bank, Silvergate Bank, Prime Trust, First Digital Trust, and BitGo for the safekeeping of USD assets that back the value of the stablecoin.

For one, Signature Bank is the first bank insured by the Federal Deposit Insurance Corporation (FDIC) to launch a blockchain-based digital payments platform—Signet.

TUSD partnered with Signature Bank, a New York-based commercial firm, and was then integrated into Signet, Signature’s payment network, opening 24/7 minting services within two minutes. TUSD admitted that this development “greatly” improved its financial services for its users. Interestingly, TUSD transactions within Signet are free.

Another TUSD partner bank from 2021 is Silvergate. This financial firm became one of the first banks to set up accounts for crypto transactions and has since become known as one of the few crypto-friendly banks.

TUSD leverages the Silvergate Exchange Network (SEN), providing users with another “efficient” token minting service.

Together with SEN, TUSD reinforces its near-instant minting and redemption services with Prime Trust’s PrimeX. PrimeX enables TUSD holders to mint and redeem tokens round the clock, offering instant settlements.

Users of the stablecoin can also mint and redeem their tokens with TUSD partner First Digital Trust. Although the bank implements minimum and maximum transactions, TUSD saw this as an opportunity to provide its users with options, especially if they plan on minting or redeeming small amounts of TUSD.

TUSD is also one of the early stablecoins that crypto custodian BitGo included in its offerings. BitGo’s secure multi-signature wallets allow TUSD users to purchase the stablecoin within the wallet. 

With BitGo, users can purchase and exchange TUSD with no fee. However, a minimum amount of $1,000 worth of TUSD is required to mint and redeem.

TUSD revealed that it is exploring more ways to better its services for its users. To do so, it plans to forge relationships with more bank partners.Earlier, TUSD was reported to now be audited by Armanino, a top European auditing firm. Armanino will attest to the stability of TUSD’s smart contracts on-chain. TUSD, in turn, becomes the only stablecoin that has implemented such security standards.

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Winning Projects are In as TRON Grand Hackathon 2022 Season 1 Comes to a Close

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The winning projects are finally in as TRON Grand Hackathon 2022 closed on March 14, coming off of a thriving victory. We’ve been tracking the winning projects closely on the TRON DAO Forum on all four tracks, Web3, NFT, GameFi, and DeFi. 

The Forum has been an influential site for developers to come together, share ideas, create threads, and interact with each other about the crypto community, and activity on the Forum accounted for 40% of the overall score. 

Each track’s final review panel consisted of crypto experts, KOLs, and a public community review board, whose scores accounted for 30%, 30%, and 40%, respectively. Community reviewers transparently voted on the TRON DAO Forum.

The crypto community was earnest to see the results of the judging period, which began on March 8 and ended on March 11.

Here are the winning picks in each of the four tracks:

In the GameFi Track, the winner is TronNinja Arcade by the TronNinja Team.

TronNinja is a NFT GameFi project on the TRON blockchain where you will be able to use your NFTs as characters in-game while earning our in-game token TronNinjas Token (TNT) in the TronNinjas Arcade. Their goal is not only to play games but bring back the social aspect that arcades had.

In the Web3 track, the winner is dCloud by Cctechmx.

Their mission is to create an Open Source Web3 Cloud storage mobile app enabling its own ecosystem to enjoy a self-sustainable and shared economy. By separating dCloud code like this, we’ll be able to reduce the developing effort. BitTorrent team delivers the binaries, dCloud team devs focus on implementing them to the specific OS environment and coding a single Graphical Interface for both major mobile platforms: Android and iOS.

“Wow, what a piece of application! There is nothing like supporting decentralization hand in hand with cryptocurrencies. Better yet, still supporting it in TRON and BTTC blockchain technology. I will be waiting to be able to use it in our daily lives!” Said a commentator.

For the NFT track, the winner is VersacBrickSquad by TuruGlobal.

Their goal is to make real estate investment available for all since most people don’t have sufficient funds to buy their own real estate. The Versac Brick Squad is a collection of DAOs investing in real estate assets jointly managing the assets in a platform structure provided by TuruGlobal and with that making Real Estate investment accessible for the people.

“This is something we really need in this space. Community power should not be underestimated. The DAOs are the perfect tool to make the most out of all the smart people out there. Thanks for the explanation,” another commentator said.

As for the DeFi track, the winner is JustMoney Exchange by JustMoney.

They aim to build an ecosystem for the next generation of decentralized applications to power Web3 by allowing crypto users to trade and offer cryptocurrencies on several chains and facilitate the creation of a payment system that will allow crypto users to purchase goods and services online using cryptocurrency.

“New features that truly come in handy for newcomers. You don’t have to risk any money due to failed transactions on JustMoney Exchange. It’s the little things that matter, and the team ensures it does its best to cover any issues,” a commentator said.

The decentralized community is pleased with the project winners and can’t wait to see what’s to come for Season 2. Registration begins May 16, 2022.

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Winning Project Disclosed as TRON Grand Hackathon 2022 Season 1 Ends

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After a huge hit, the TRON Grand Hackathon 2022 disclosed the winning entries on the TRON DAO Forum in all four tracks, Web3, NFT, GameFi, and DeFi. 

The Forum has been a sufficient spot for developers to come together, share ideas, create threads, and interact with each other about the crypto community, and activity on the Forum accounted for 40% of the overall score. 

Each track’s final review panel consisted of crypto experts, KOLs, and a public community review board, whose scores accounted for 30%, 30%, and 40%, respectively. Community reviewers transparently voted on the TRON DAO Forum.

The crypto community was optimistic to see the impacts of the judging period, which began on March 8 and closed on March 11.

In each of the four tracks, here are the winning entries:

As for the DeFi track, the winner is JustMoney Exchange by JustMoney.

They aim to build an ecosystem for the next generation of decentralized applications to power Web3 by allowing crypto users to trade and offer cryptocurrencies on several chains and facilitate the creation of a payment system that will allow crypto users to purchase goods and services online using cryptocurrency.

“New features that truly come in handy for newcomers. You don’t have to risk any money due to failed transactions on JustMoney Exchange. It’s the little things that matter, and the team ensures it does its best to cover any issues,” a commentator said.

For the NFT track, the winner is VersacBrickSquad by TuruGlobal.

Their goal is to make real estate investment available for all since most people don’t have sufficient funds to buy their own real estate. The Versac Brick Squad is a collection of DAOs investing in real estate assets jointly managing the assets in a platform structure provided by TuruGlobal and with that making Real Estate investment accessible for the people.

“This is something we really need in this space. Community power should not be underestimated. The DAOs are the perfect tool to make the most out of all the smart people out there. Thanks for the explanation,” another commentator said.

In the Web3 track, the winner is dCloud by Cctechmx.

Their mission is to create an Open Source Web3 Cloud storage mobile app enabling its own ecosystem to enjoy a self-sustainable and shared economy. By separating dCloud code like this, we’ll be able to reduce the developing effort. BitTorrent team delivers the binaries, dCloud team devs focus on implementing them to the specific OS environment and coding a single Graphical Interface for both major mobile platforms: Android and iOS.

“Wow, what a piece of application! There is nothing like supporting decentralization hand in hand with cryptocurrencies. Better yet, still supporting it in TRON and BTTC blockchain technology. I will be waiting to be able to use it in our daily lives!” Said a commentator.

In the GameFi Track, the winner is TronNinja Arcade by the TronNinja Team.

TronNinja is a NFT GameFi project on the TRON blockchain where you will be able to use your NFTs as characters in-game while earning our in-game token TronNinjas Token (TNT) in the TronNinjas Arcade. Their goal not only is to play games but bring back the social aspect that arcades had.

“Congrats to the team for their dedication in building what adds great value to the experience of their users. So excited for the great success achieved so far and looking forward to achieving more success in the future,” a commentator said.

The TRON ecosystem continues to look forward to more projects in Season 2. Registration begins May 16, 2022.

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