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The First Blockchain-Based Government Platform Set to Become a World Leader in Finance and Technology

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Blockchain technology has incredibly transformed the tech and finance space. Innovations based on blockchain technology notably decentralized finance (DeFi) has brought new dimensions to the finance space eliminating the numerous challenges experienced in traditional finance. And as several governments continue to take up the blockchain technology,  their economic growth is definitely anticipated. Blockchain technology has the capability of solving challenges hindering economic development in developing countries including underdeveloped infrastructure, corruption, poor economic policies and lack of supporting technology. 

In regards to governments taking up blockchain technology, the United Allied States (UAS) stands out. UAS is the first blockchain-based government platform set to become a world leader in finance and technology. The platform employs the blockchain technology to establish sovereign states in partnering nations. The sovereign states propel UAS to become the world leader in finance and technology. Read on to find out how the United Allied States is set to become a world leader in finance and technology. 

United Allied States (UAS) Unraveled 

The United Allied States is an independent, sovereign authority that seeks to become a world leader in technology and finance. The sovereign entity seeks to bring together partnering nations to create economic freedom across the globe by facilitating a free-market economy, protect and preserve human rights, eliminate excessive taxation and implement favourable government policies. These states would promote the value of freedom, respect for human life as well as free-market enterprise. 

UAS was founded on a mission to “preserve and protect individual rights and liberties by enabling free-market activity; by protecting the sanctity of life; and by minimizing government taxation and regulation. 

In the long run, the United Allied States will enable unprecedented economic growth by fostering the creation of wealth and promoting the values of individual freedoms, free enterprise and respect for human life. 

By implementing laissez-faire market conditions where individuals and businesses will pay 0% corporate tax and 0% personal income, UAS will empower businesses to grow. Additionally, low regulations will foster innovation to enable UAS to become a world leader in finance and technology. 

Utilizing Blockchain Technology in Economic Empowerment          

UAS government structure is built on blockchain technology involving an expansion model of mutually beneficial sovereign special economic zones. These zones also referred to as sovereign states will range from 1, 000 hectares to 200, 000 hectares –approximately larger than the Vatican or twice the size of Hong Kong. UAS will develop between 12-24 sovereign states worldwide which will be interlinked using blockchain technology. 

Each sovereign state will function as a critical economic zone offering the partnering nation the needed energy, infrastructure, food, jobs and other resources needed for economic development. UAS will also sign a treaty with partnering nations to allow UAS to bring onboard foreign investors, foreign companies, citizens and other players. 

Apollo Fintech, The Supporting System of UAS’s Technology

UAS partnered with Apollo Fintech to provide blockchain solutions and other technology needed for economic growth. Apollo Fintech is the world leader in blockchain solutions and related technology having already implemented blockchain technology in several governments and businesses, across the globe. Some of the most outstanding blockchain solutions for governments developed by Apollo Fintech include Apollo National Currency System, Apollo Tax System, Apollo Commodity Exchange, Apollo Mineral Claims System and Apollo Government Bank Platform.

Apollo Fintech will develop and maintain advanced blockchain government systems for UAS. Apollo’s outstanding innovations and capabilities will indeed propel UAS to be the world leader in finance and technology. As such, Apollo’s custom made will ensure that the sovereign territory’s resources are managed transparently and securely minimizing wastages and enhancing usability. 

Commenting on the partnership, Wessel Sevenster, Congressman of UAS stated that they were excited to employ Apollo Fintech’s innovation and technology capabilities as it would be instrumental for UAS to achieve its goal of becoming the world leader in finance and technology by efficiently maintaining free-market enterprise across all of its states and territories. “We believe Apollo’s government products are at the forefront of E-governance and payment technology, these tools will give UAS citizens and businesses an economic advantage in the global marketplace”. 

Apollo Fintech’s CEO Stephen McCullah stated that the company was glad to support UAS vision of developing the world’s most financially and technologically sovereign states. He stated that the partnership would enable Apollo to showcase its full technological capabilities. “This partnership will show that innovative blockchain technologies can not only preserve individual liberty but also advance the civic and economic interests of citizens businesses in a free-market system.  

Among the many technologies offered by the Apollo Fintech, UAS will specifically be utilizing Apollo’s National Currency Platform– an unhackable government platform that facilitates the sending and receiving of a Country’s national currency on an incorruptible ledger without the security, uptime and transparency challenges experienced on a centralized system. NCP solves issues such as manipulation, downtime, slow transactions, security vulnerabilities and scalability issues. The sovereign states will adopt the National Currency Platform as the central system connecting the states and citizens with the government service. The National Currency Platform will also be integrated with Apollo Fintech’s Tax System to make tax collection more efficient and transparent. 

Closing Words   

United Allied States (UAS) is the world’s first blockchain-based government platform set to become a world leader in finance and technology. The entity will leverage the blockchain technology to create independent, sovereign states that will spur economic development in partnering states. These states will be built on free-market principles that will lead to long term economic growth and prosperity. By partnering with the world’s leader in blockchain technology solution, Apollo Fintech,  UAS is set to become the world leader in finance and technology.             

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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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