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Stratus Ecosystem; The Best Social Networking Platforms

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The Best Social Networking Platforms

The number of existing social media networks is on the rise, the top 10 platforms hosting more than 500 million users. The influx in usage raises a new question, are the existing platforms well equipped to cater to the rising demand? The answer lies in the quality of services offered by the media today. Social networks fail in almost every service provision aspect, including security, quality, and privacy; these platforms give more problems than social media solutions. Apollo fintech CEO Stephen Mccullah brings a new solution, Stratus.

Stratus is a blockchain social media platform that merges services from all social networking in the same dashboard. It is the first social media platform to vouch for freedom of speech. Moreover, it will implant end to end encryptions to all transactions and communications. The forum will replace all networks by giving the services offered in the current social networks.

Facebook

Stratus is set to replace Facebook by introducing all features that make up the platform. Foremost, Stratus will feature the ‘friends functionality’ that has attracted millions of Facebook users. The friend feature will allow individuals to connect with people around them, including workmates and fellow students.

Moreover, Stratus introduces the group and page functionalities. These widen the reach of advertisers and influencers. Stratus also implants events functionalities; with that, users can inform their friends and groups of upcoming events and allow them to participate. 

Amazon and eBay

Amazon and eBay are currently the most prominent online stores. For instance, the Amazon platform has over 300 million monthly active users. 

Stratus implants an online buying platform akin eBay and amazon. The forum will provide the marketplace functionality where users will choose from thousands of products. 

Influencers will get product endorsement opportunities and earn extra commissions in the process. Stratus, therefore, eases the shopping hassles and gives profiteering opportunities to its users.

Youtube and Tiktok

Youtube and Tiktok are today the best tools for marketing, entertainment, and education videos. For instance, there are more than 2 billion monthly active youtube users. 

Stratus merges youtube and TikTok video functionalities. However, Stratus provides the best services by allowing content creators to yield maximum returns from their content by offering the VIP content option.

VIP content has a minimum fee charged per view. If an influencer decides to charge $1 per viewer, they will earn $1 million for a million views. This income is exceptionally high compared to Youtube’s profit rates of about $5 for every 1 thousand views. Influencers will enjoy the maximum airing time and maximum value of their content.

Instagram and Whatsapp

Instagram has a current usage of 1 billion people every month. Whatsapp, a Facebook company product, also enjoys a wide adoption of close to 1.6 billion monthly active users. The two platforms enjoy wide usage because of their best features.

Instagram, for example, has the stories feature used by close to half of its users. Whatsapp gives the options of direct messages, audio, and video calls, all of which streamline communication. 

Stratus encrypts all communications; thus, all users interact freely without fearing leaks of their information. Aside from Instagram and WhatsApp features, Stratus will replace the platforms wholly.

Medium

Medium is a platform that allows users to post short articles about products. Various blockchain companies, including Apollo, use this venue. 

Stratus will embed services similar to medium. It gives bloggers and influencers a platform to post their articles and advertise their goods and services. The forum will have a broad reach; therefore, many will access and read the educational articles. These blogs will focus on everything from medicine, technology, finance, e.t.c. Stratus will have a significant impact on the education sector.

Twitter

Twitter, as a social media platform, has features partly unique to it. Among the features is the hashtag feature. Hashtags are standard functionalities that aid in social media campaigns. They are codewords that begin with the # symbol. Stratus will feature the hashtag functionalities, and thus users will readily engage in social media campaigns. 

Coinbase, Paypal, and Robinhood

Coinbase is currently one of the most popular crypto exchange platforms. Robinhood, on the other hand, gives users investment opportunities, including investment in gold and stock.

Stratus is reforming Coinbase by embedding a universal crypto exchange platform. The platform will allow any crypto users to exchange the cryptocurrency of their choice, including Apollo currency 24/7.

Apart from crypto investing, Stratus will offer fiat investment opportunities like Robinhood. Investors will get a chance of saving in stock, gold, and other assets. Unlike any other social media ecosystem, Stratus merges the features of PayPal to ease payments between individuals. 

Conclusion

Stratus, the blockchain social media ecosystem, will unveil in the 3rd quarter of 2020. The platform features functionalities of the currently existing social networking systems. The hashtags, stories, groups, events, articles, and other features will attract billions of people to the ecosystem.

Stratus will manage to replace the existing platforms by ending all issues clouding the current systems. These include censorship and data selling practices. Since the platform’s basis is on the blockchain, it will enjoy the best blockchain features, including adaptive forging and database level sharding. These algorithms will increase the scalability of the blockchain and ensure the fast completion of communications.

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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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