Digital Asset DirectNews Media Group, Inc.
Contact Details News Media Group, Inc. Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/
June 27, 2024 07:00 AM Eastern Daylight Time
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News ReleaseRev Up Marketers
Chin Mounts is excited to introduce its latest line of helmet mounts for action cameras. These mounts offer motorcyclists and mountain bikers a secure and innovative way to capture their adventures. The new mounts feature a low-profile design that minimizes interference and ensures maximum stability. They are compatible with a wide range of helmets and action cameras, including GoPro and Insta360 models. Made from high-quality materials, these mounts are built to last and perform well in various weather conditions. A key feature of these mounts is their custom fit, designed to accommodate over 800 different helmet models from brands like AGV, Arai, Bell, Fox, HJC, and Shoei. This extensive compatibility ensures that users can find the perfect fit for their specific helmet, providing optimal camera positioning and reducing neck strain during long rides. Installation is simple, using high-strength 3M adhesive tape and stainless steel fasteners. There's no need for specialized tools, making the process accessible for all riders. Additionally, the mounts can be easily removed, allowing users to switch between different helmets or adjust the mount's position as needed. By offering a stable and secure way to mount action cameras, Chin Mounts enables riders to capture high-quality footage of their journeys, enhancing the overall riding experience. The lightweight design adds minimal extra weight to the helmet and reduces wind resistance, contributing to a comfortable and enjoyable ride. About Chin Mounts is committed to enhancing the riding experience for motorcyclists and mountain bikers. Based in Vancouver, BC, Canada, the company focuses on delivering high-quality, durable, and user-friendly products that meet the needs of adventure enthusiasts worldwide. Contact Details Chin Mounts Matthew Engelage info@chinmounts.com Company Website https://chinmounts.com/
June 27, 2024 06:27 AM Eastern Daylight Time
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News ReleaseRazorPitch AITX
The global security robots market, valued at USD 27.32 billion in 2021, is projected to grow at a compound annual growth rate (CAGR) of 17.65% during the forecast period. This robust growth is driven by a variety of factors, including escalating security concerns, the increasing adoption of advanced automation techniques worldwide, and more. Among the companies benefiting from this trend is Artificial Intelligence Technology Solutions (OTC:AITX ). AITX is a prominent player in the field of AI-driven security and productivity solutions and has recently announced a significant milestone, marking its first-ever quarter with over $1 million in total revenue. Market Context and Demand Drivers Several key factors contribute to the rising demand for security robots. Increasing geopolitical instabilities and the potential for substantial government investment in security advancements are creating favorable conditions for market growth. Security robots' advanced capabilities, such as operating in challenging terrains and hazardous environments, performing analytical-based surveillance, and other complex tasks, are driving their adoption across various countries. Improvements in sensor technology and high automation capabilities, coupled with advancements in neural technology that enhance functionality over time, are also positively impacting market growth. Artificial Intelligence Technology Solutions AITX is at the forefront of delivering AI-based solutions that empower organizations to gain new insights, address complex challenges, and foster new business ideas. Through its next-generation robotic product offerings—RAD-I, RAD-R, RAD-M, and RAD-G—the company helps organizations streamline operations, increase ROI, and enhance business efficiency. AITX's technology simplifies and reduces the cost of patrolling and guard services, allowing experienced personnel to focus on more critical tasks. The solutions are widely applicable across multiple industries, including enterprises, government, transportation, critical infrastructure, education, and healthcare. Recent Milestone: Q1 FY 2025 Revenue Surge On June 17, 2024, AITX announced a remarkable increase in its recurring monthly revenue (RMR) for the first quarter of fiscal year 2025, marking a 385% year-over-year growth. The company's unaudited operating revenue for Q1 FY 2025 stood at $1,098,975, up from $384,277 in the same quarter of the previous fiscal year. This significant milestone underscores the company's ongoing exponential growth. Steve Reinharz, CEO/CTO of AITX, expressed his satisfaction, stating, "Achieving continuous, exponential growth is what we forecasted and what we have delivered once again. Although we have smartly added some general expenses in sales, support, and development, we remain committed to operational profitability this fiscal year. It’s important that we position ourselves to be a dominant player in the solar security tower market, support the launch of AIR in our Gen4 solutions, and prepare for the upcoming relaunch of ROAMEROAMEO pleased to say we are on track." Strategic Moves and Future Potential The company highlighted that over $125,000 in RMR, representing $375,000 in quarterly recurring revenue, has yet to be deployed. Mark Folmer, President of Robotic Assistance Devices, Inc. (RAD), a wholly-owned subsidiary of AITX, mentioned, "The transition to our Gen4 solutions could be another driving force for RAD this year. But even without Gen4 fully launched, we continue to receive re-orders from both large and smaller clients." Troy McCanna, RAD’s Chief Security Officer & Senior Vice President of Revenue Operations, shared his enthusiasm: "We are absolutely thrilled that during one month of the first quarter, we saw a staggering 385% year-over-year increase in RMR. Our clients’ enthusiastic adoption of RAD’s technology is a clear indicator that we are on the right track. Going forward, several clients have verbally confirmed orders, and we are awaiting those contracts before making the related announcements." AITX 's recent achievements and the broader market dynamics highlight the potential for substantial growth in the security robots market. The company's focus on AI-driven solutions and recurring revenue models positions it well to capitalize on the increasing demand for advanced security technologies. As the company continues to innovate and expand its market presence, the future looks promising, making AITX a stock to watch. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by Cambridge Consulting to assist in the production and distribution of this content. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details RazorPitch Inc Mark McKelvie +1 585-301-7700 mark@razorpitch.com Company Website http://razorpitch.com
June 27, 2024 06:00 AM Eastern Daylight Time
News ReleaseHTX
On June 26 (UTC), HTX introduced the "Earn with Pending Orders" event, offering non-stop rewards in 24/7 hours. By participating, users have the chance to share a prize pool of 25.7 billion $HTX. This event marks another significant initiative launched by HTX following the "Trade to Earn" event, aimed at innovating and enhancing the user experience. Through these innovative events, HTX hopes to offer users the combined enjoyment of trading and mining, while ensuring they experience secure and efficient trading services. "Earn with Pending Orders": A New Trading Experience HTX's "Earn with Pending Orders" evaluates the order book status within the platform's trading market. At regular intervals, snapshots of pending orders for the designated trading pair will be taken to determine whether the prices at which users place their orders fall within a valid range around the current market bid and ask prices. Subsequently, rewards will be calculated based on the order amount each user has placed. ● Random Minute-by-Minute Snapshots: Ensuring Transparency and Fairness The first phase of HTX's "Earn with Pending Orders" event will last from 10:00 (UTC) on June 26, 2024, to 10:00 (UTC) on July 3, 2024, featuring BTC/USDT as the designated spot trading pair. The platform will snapshot pending orders randomly once per minute to record their status. Pending orders must be limit orders with a minimum amount of 100 USDT at the time of the snapshot. Additionally, the price of pending orders should not deviate by more than 0.5% from the latest executed price (closing price) at the time of the snapshot. Here is an example. Let's assume the latest executed price (closing price) at the time of the snapshot for BTC/USDT is 60,000 USDT. The threshold range is ±0.5%. Therefore, the upper limit price for pending orders will be 60,300 USDT (calculated as 60,000 x 1.005), and the lower limit price will be 59,700 USDT (calculated as 60,000 x 0.995). Therefore, valid pending orders must have prices at the time of the snapshot between 59,700 USDT and 60,300 USDT (59,700 USDT < Pending order price < 60,300 USDT). ● Mega Prize: Enjoy Nonstop Rewards in 24/7 Hours The event boasts a total prize pool of 25,700,000,000 $HTX, with a daily prize pool of 3,675,569,713 $HTX, and a per-minute prize pool of 2,552,478 $HTX. During the event, users will share the per-minute prize pool proportionally based on the amounts of their valid pending orders. However, the hourly reward cap for each user in this event is 85,763,293 $HTX. A user will not receive rewards if either the reward limit for the participant or the prize pool limit is reached. Example: Let's assume that, in a specific minute, the total amount of all eligible pending orders is 1,000 USDT, and User A has a pending order amounting to 100 USDT. According to the provided reward calculation formula, User A's reward can be calculated as 2,552,478 $HTX * (100/1,000). Therefore, User A would receive a reward of 255,247.8 $HTX for that minute. Please note that users need to click "Register Now" in the announcement to participate in the event. Event Details: https://www.htx.com.jm/support/en-us/detail/74973710050124 Putting Users First: Meeting Diverse Demands HTX has always been committed to delivering users worldwide secure, diversified, and efficient trading services for digital assets. Since its establishment, HTX has always upheld a user-first philosophy, consistently innovating and improving user experiences to meet their diverse demands. HTX expressed its desire to drive the development of the cryptocurrency industry through innovative events and products such as "Earn with Pending Orders", seeking to grow together with users and foster value creation. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details Miffy Chu glo-media@htx-inc.com Company Website https://www.htx.com/
June 27, 2024 02:05 AM Eastern Daylight Time
News ReleaseTRON DAO
Geneva Switzerland, June 26, 2024 – TRON DAO welcomes an unprecedented victory by its founder Justin Sun in the People’s Court of China over a landmark defamation suit filed against the Chongqing Business Media Group (“ the Media ”). Per court order, the Media has removed all of its false contents and issued a formal statement of apology to Sun, who has long been a target of media misrepresentations. The Media acknowledged in the statement that it had published false and defaming contents without fact-check or evidence, severely damaging Sun's reputation. “The rumor-monger has finally published an apology on the People’s Court’s website,” Sun said on an X post. “Although it took two years, justice has arrived.” The apology came after a two-year legal battle. Following hundreds of hours of fact-finding and a thorough trial, the Chongqing Yubei District Court ruled in the first instance that the Media broke the law and defamed Sun by publishing entirely unverified media contents, including an article and a video. The court ordered the defendant to retract all false contents and issue a public apology to Sun in a national newspaper. Neither party appealed the decision within the stipulated time frame, making the ruling final judgment. For Sun, the victory serves as a strong rebuttal to numerous widespread rumors and restores his personal reputation. The court reviewed extensive evidence and documentation from both sides before arriving at the verdict. The verdict sends a strong signal to all media outlets: citing unverified sources and spreading unsubstantiated information is likely breaking the law and tarnishing their own reputations. The Buried Truth in a Storm of Media Hysteria The case dates back to March 11, 2022 when the Media published an article on its news platform eastmoney.com. The article stated that Sun "was involved in insider trading," "fled abroad to evade the ICO ban," "engaged in fraud and money laundering," and "was under investigations by the IRS and the FBI," among other claims. The baseless article quickly went viral, getting picked up by many other media outlets, and severely damaging the reputations of both Sun and the TRON ecosystem. These reports cited an opinion piece about Sun published by The Verge in March 2022. That piece included a series of “interviews” with anonymous sources who all vividly described Sun's alleged wrong-doings Hollywood-style. While the story was purposefully sensationalized, the author cleverly dropped a disclaimer at the end acknowledging that he could not obtain any comments from any relevant authorities to substantiate any claims in the article. In essence, the opinion piece presented unverified stories and acknowledged them as hearsay. Similar media peppered their audience with buzzwords like "money laundering," "insider trading,” "investigations," etc. In their rush to maximize exposure and clicks, these desperate media outlets quickly amplified the article in order to make it go viral in no time. Amid this frenzy, any disclaimers on lack of evidence or unsubstantiated claims were conspicuously and conveniently ignored by the media, either intentionally or inadvertently. Defendant Guilty After Lengthy Two-Year Legal Battle During the trial, the People's Court of China scrutinized every detail, from the original The Verge article, the Media ’s recreated contents, to the interpretations made by all other domestic media during reproduction. The court concluded that The Verge's article lacked concrete evidence entirely and the Media 's report was devoid of any factual basis, which materially violated Sun's reputation. The court underscored that the original article’s authenticity was only confirmed by the author, and it was acknowledged in the article that none of the aforementioned authorities had validated any information presented. In the final verdict, the People’s Court of China ruled that all claims of Sun's alleged involvement in insider trading, fraud, money laundering, or any other claimed investigations and other alleged wrong-doings, are entirely unsubstantiated. During this two-year battle, all false claims made by the Media failed to withstand scrutiny. This lengthy due process has brought the truth to light by using facts and legal measures to debunk misinformation and disinformation. This final judgment rectified the injustices Sun has long endured and presented a legal precedent for the broader blockchain community on how unfounded rumors should be handled and dispelled. Significance of the court ruling: The Internet is not a legal vacuum, and the doers are safeguarded by law The final ruling of the case does not hand victory over to Sun alone but also upholds the rights of individuals who are committed to their causes but fall victim to fabricated news coverage with ulterior motives. This ruling has raised the public's legal awareness, encouraging victims of untrue news reports to assert their own interests through legal avenues. On the other hand, this incident also alerts all content disseminators against deceptive and unreliable media sources, especially those tainted with a history of fake and biased contents. This practice runs completely against the professionalism, objectivity, and neutrality that the modern media strive to uphold. Early in 1988, the " Reply of the Supreme People's Court to the Defendant Status of Newspaper Publishers and the Application of Jurisdiction in Cases of Infringement of the Right to Reputation " already made it clear that news agencies have verification obligations for the news reports they publish, and both the author and the news agency shall be held legally accountable for a publication's infringement of other individuals' right to reputation, in which case they may be made the co-defendants. This legal document, among many others, indicates that infringement resulting from the edition and publication of unverified information and articles will incur legal liabilities. If the infringed party is willing to arm themselves with the law and provide concrete evidence in court, it's highly likely that the involved media will lose the case. Sun's landmark win is a moment of reckoning for the long-standing rumors floating around the internet. It is also a victory of the rule of law. The ruling has not only safeguarded the legitimate rights of Sun but also discouraged the spread of misinformation and disinformation. While pursuing newsworthy content is the common goal, journalism must adhere to professional ethics by ensuring facts are authentic and accurate. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of June 2024, it has over 239.72 million total user accounts on the blockchain, more than 7.91 billion total transactions, and over $20.60 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Hayward Wong press@tron.network Contact Details Hayward Wong press@tron.network Company Website https://trondao.org/
June 26, 2024 05:58 PM Eastern Daylight Time
News ReleaseDataWeave
DataWeave, the leading provider of competitive intelligence and digital shelf analytics for retailers and consumer brands worldwide, announced the appointment of Edward (Eddy) Salas as Senior Vice President of Retail Strategy. This addition underscores DataWeave's commitment to delivering industry-leading competitive pricing intelligence tailored to the dynamic needs of retail pricing teams. Eddy brings over three decades of retail pricing and financial planning expertise, including an impressive 31-year tenure at H-E-B, Texas's premier food retailer. As the former Director of Pricing at H-E-B, Eddy mastered retail pricing systems, competitive data acquisition, and pricing intelligence solutions. His deep industry knowledge and experience will be instrumental in enhancing DataWeave’s product portfolio for retail clients. "I am thrilled to welcome Eddy to the DataWeave team," said Karthik Bettadapura, Co-founder and CEO of DataWeave. "Eddy’s substantive experience in retail pricing, coupled with his successful career at H-E-B, brings a unique and valuable perspective. His expertise will be crucial in refining our pricing intelligence solutions, providing our clients with deeper, actionable insights that drive tangible outcomes. I am confident Eddy’s passion for pricing and his strategic vision will drive innovation and deliver greater value to our retail customers." As retailers grapple with inflation and high interest rates globally, they face the challenge of catering to increasingly price-sensitive shoppers. Striking the right balance between price competitiveness, price image, and corporate profitability is more critical than ever. Retailers are increasingly turning to sophisticated pricing intelligence solutions like DataWeave to inform their pricing strategies. "The retail industry is navigating unprecedented price sensitivity among shoppers," said Eddy Salas. "In this challenging environment, DataWeave is committed to empowering retailers with the insights they need to stay competitive and meet consumer expectations. I am thrilled to join the exceptional DataWeave team and leverage my experience as a pricing practitioner to help our customers excel in their pricing journeys." About DataWeave DataWeave is an AI platform that enables retailers and consumer brands to accelerate sales growth and optimize marketing investments via comprehensive and granular market intelligence across all channels. By delivering advanced insights into pricing and assortment strategies and analyzing the digital shelf, DataWeave empowers businesses to optimize key performance indicators, including pricing, share of search, promotions, content, and availability, with an overlay of competitive and market intelligence. For more information about DataWeave and its offerings, visit www.dataweave.com. Contact Details DataWeave Shailendra Nagarajan +1 416-407-8892 press@dataweave.com
June 26, 2024 12:00 PM Eastern Daylight Time
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News ReleaseBenevolentAI
BenevolentAI chief scientific officer Dr Anne Phelan speaks to Proactive's Stephen Gunnion about the addition of a novel systemic lupus erythematosus (SLE) target to AstraZeneca's discovery portfolio. Phelan discussed the collaboration between BenevolentAI and AstraZeneca, which began in 2019 focusing on idiopathic pulmonary fibrosis and chronic kidney disease and later expanded to include heart failure and lupus. She highlighted the benefits of this collaboration, stating, "We can really leverage the power of the interconnectivity of the data foundations to pull through potential target hypotheses irrespective of the disease." Phelan explained how BenevolentAI's data-driven approach, combined with AstraZeneca's disease expertise, facilitates the identification and validation of new therapeutic targets. She also provided insights into lupus, describing it as a debilitating autoimmune disease where the body's immune system attacks its own tissues, leading to chronic fatigue and damage to vital organs. The BenevolentAI platform's ability to handle complex data and generate explainable hypotheses is pivotal in identifying new therapeutic targets for such complex diseases. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com
June 26, 2024 08:01 AM Eastern Daylight Time
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News ReleaseHTX
Singapore, June 26, 2024 – HTX announces that the People’s Court of China has ruled in favor of Sun Yuchen (“Justin Sun”), Member of the HTX Global Advisory Board, in a landmark defamation suit against Chongqing Business Media Group ("Business Media"). On 11 March 2022, Business Media published a video and an article titled "FBI Investigates Justin Sun for Suspected Insider Trading" which contained completely false narratives and accusations against Sun, severely damaging his reputation. After more than two years of fact-finding and trials, the court found no evidence supporting any of the claims made in the video and article, and decisively ruled in favor of Sun, ordering that the defamatory content be removed and that a public apology be issued. HTX welcomes the People’s Court's adjudication and reiterates its commitment to operating in compliance and providing users with a safe and reliable crypto trading platform. About HTX Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies - "global development, technology drives development, and technology for good" underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts. Contact Details Miffy Chu glo-media@htx-inc.com Company Website https://www.htx.com/
June 26, 2024 12:39 AM Eastern Daylight Time
News ReleaseCryptoQuant
Seoul, South Korea, June 26, 2024 - CryptoQuant, a leader in blockchain analytics, is excited to announce the integration of TRON data into its comprehensive analytical platform. This development is set to revolutionize how users interact with and derive insights from the TRON network. CryptoQuant’s enhanced platform now offers expanded capabilities for both novice and seasoned blockchain enthusiasts to explore in-depth data and trends about the TRON ecosystem. Users can access a wide range of metrics and analytics tools designed to provide detailed insights into the blockchain’s dynamics, enabling more informed decision-making and strategy development. This integration also significantly improves data quality by ensuring data consistency. Key Highlights of the Integration: Data-Driven Insights: Users can now explore various queries and generate data-driven insights into the dynamics of the TRON network, directly from CryptoQuant. Enhanced User Experience: The integration ensures that users have seamless access to TRON data, enriching the user experience with expanded functionalities, new data sets, and a more robust analytical toolkit. Opportunities for Informed Decision-Making: With the inclusion of TRON data, CryptoQuant users can enhance their strategies and broaden their comprehension of blockchain analytics, enabling more effective decision-making processes. Analyst Intelligence: CryptoQuant will offer real-time, data-driven insights from top-notch on-chain analysts on the TRON network. CryptoQuant’s Head of Research, Julio Moreno, said, “Access to TRON network data via CryptoQuant’s platform is crucial for both investors and researchers to make more informed decisions by analyzing real-time and historical data on TRON’s network activity, transaction volumes, and market trends. This helps in identifying investment opportunities and assessing potential risks.” “TRON DAO’s collaboration with CryptoQuant marks a significant milestone in our journey towards greater transparency and enhanced market analytics,” said Dave Uhryniak, TRON DAO Ecosystem Lead, “This collaboration leverages CryptoQuant’s cutting-edge data analysis capabilities to deepen our insights and reinforce our commitment to providing a secure, scalable, and user-centric blockchain ecosystem.” This integration is expected to attract a broader user base and foster a deeper understanding of the blockchain landscape, reinforcing CryptoQuant’s position as a pioneering force in blockchain analytics. About CryptoQuant CryptoQuant is an industry-leading blockchain analytics platform that offers comprehensive data solutions and insights to users worldwide. With a focus on empowering users through accessible and in-depth blockchain data, CryptoQuant continues to innovate and expand its offerings to meet the evolving needs of its users. CryptoQuant utilizes various data integration tools such as ETL, ELT, real-time data integration, application integration (API), data virtualization, and federated data integration to enhance its data processing capabilities. CryptoQuant | Twitter | Telegram | LinkedIn | YouTube Media Contact Nick Pitto nick@cryptoquant.com About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of June 2024, it has over 233.71 million total user accounts on the blockchain, more than 7.75 billion total transactions, and over $21.82 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Hayward Wong press@tron.network Contact Details Nick Pitto nick@cryptoquant.com
June 25, 2024 08:59 PM Eastern Daylight Time
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