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Stratus: A Censor-free, Convenient and Interactive Social Ecosystem

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Stratus, the pioneer multi-service social media ecosystem, has just gone live. The exciting platform is already stirring up many great reviews, with many social media lovers expressing interest in opening a Stratus account. 

The new social network is a diverse blend of services from the biggest names in the social media world, such as Instagram, Tik-Tok, Facebook, and Twitter. Its core purpose is to redefine the standards of quality given by Big Tech websites and carve out its niche in the ever-expanding social media niche.

Stratus is here to provide solutions to the issues drawing back social media platforms like lack of privacy, security, and gratuitous censorship. Additionally, the network plans to integrate other online services like payment options, e-commerce, and travel guides, all in one central website.

Previously, people had to open numerous accounts from different applications to access various services. For example, one is subject to open Facebook, Twitter, and Instagram accounts to connect with friends, look at trends, plus share videos or photos. 

The Apollo Stratus team believes it is time for people to let go of the struggle that is memorizing multiple passwords for several accounts. Platform interoperability is one of Stratus’s core objectives, which it plans to achieve by centralizing all critical aspects of social media into one account.

Stratus: A Social Space Providing Unbiased Freedom 

Unlike existing mainstream social media platforms such as Twitter and Facebook that silently spy on users within their network, Stratus is a free environment where people don’t have to hold back on their interactions. 

Popular networks in the current social media space often engage in data selling to third parties. They encourage users to install cookies to aid in siphoning private information from multiple accounts. This data is either sold or distributed to advertisers, market surveyors, and other online communities to use it as they wish.

Stratus aims to protect all the user data held within its ecosystem from being secretly spread to intermediaries without account owners’ consent. The platform deploys the most advanced blockchain technologies embedded in the Apollo blockchain to secure data on the network. 

These mechanisms include storing data in layers of encryption, a process generally known as database sharding. These layers are so hard to bypass that even the most advanced hacking tools are incapable of cracking the military-grade encryption.

Another issue that Stratus wishes to fix is censorship. Big-tech Social media companies like Twitter have practically succeeded in removing the freedom of expression on their platforms. 

They feel the need to pick and choose which content is visible on the user’s feeds while barring any ideas they consider dissident or unpopular. Furthermore, censorship-loving platforms often install algorithms to censor “politically incorrect” views from journalists and activists. 

Stratus has created algorithms to overrule prompts to take down any content within its network. The flow of ideas and freedom of speech is imperative for a robust society. Therefore, Stratus will work tirelessly to ensure every voice is heard.

Why Stratus is Introducing a Different Social Media Experience

Besides fostering a censorship-free environment and introducing social media platforms’ interoperability, Stratus offers extra functions ranging from instant money transfers, advertising, e-commerce, and cryptocurrency/stocks trading. 

The social website integrates an inbuilt wallet that enables merchants to hold funds and transact safely within the ecosystem. 

Stratus also allows merchants to communicate with clients with no interference from intermediaries. Whenever sales occur, the merchants receive money directly into their Stratus accounts, removing the need for third-party applications to accept the settlement.

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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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