Blockchain
TRON DAO Announces Results of HackaTRON Season 4
Geneva, Switzerland–(Newsfile Corp. – May 16, 2023) – The TRON DAO team, community representatives of the TRON blockchain platform, revealed the results for the fourth season of their popular HackaTRON competition. 500,000 USDD, a TRON-based decentralized, overcollateralized, multi-chain stablecoin, will be shared among the top projects. Judge-selected qualifiers will also be given application accessibility to TRON DAO Ventures and Huobi Ventures for potential capital funding.
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There were over 625 participants from 172 projects across six tracks, including DeFi, Web3, NFT, and GameFi, alongside the new Builder and Eco-Friendly categories.
“Our thriving community’s incredible talent and innovation were on full display for this season’s HackaTRON,” said Ejaz Merchant, Developer Lead with TRON DAO. “I want to express my gratitude to all the outstanding projects who submitted, all the partners, and the committed community members who made this event a success. Together, we are expanding blockchain technology’s potential and promoting a cooperative, self-maintained ecosystem.”
Judge-Selected Top Fives
First place in each of the judge-selected categories receives 20,000 USDD, with second place entries receiving 15,000 USDD, third place 10,000 USDD, and fourth and fifth places 8,000 and 6,000 USDD, respectively.
The new Builder category recognized teams returning to the hackathon that have made significant updates to their projects. First place this season went to the “Farming-as-a-Service” project by Elk Finance. This update to Elk Finance’s customer offerings will “allow everyone to harness the most advanced farming contracts in DeFi.” The projects that placed second through fifth in the Builder track were:
- Galaxy Throne by Galaxy Throne
- JustMoney Spot by JustMoney
- TronNRG by TronNinjas
- TronQL by TronQL
In the Eco-Friendly track, which showcased projects working towards sustainability and environmental stewardship via the TRON Climate Initiative, first place went to Ecomarket, an open marketplace for procuring used and recycled plastics. EcoMarket wants to build a platform that incentivizes recycling and clean storage of used plastics, while providing companies with reliable and transparent sources of recycled materials. The projects that placed second through fifth in the Eco-Friendly category were:
- MusiCoinCity by ElfWeb
- CarboEx by CarboEx
- ForGreen by ForGreen
- BlockForest by BlockForest
The DeFi category was topped by Ergon. This project’s goal is to simplify user access to TRON Stake 2.0, providing savings on transaction fees by renting energy while earning by staking TRX. The projects that placed second through fifth in the DeFi track were:
- Cloak by Cloak
- MyFend by Fend Group
- Sorrel Banq by Paracosm Labs
- Swirl Ads by Team Sudo
In the NFT track, judges selected BobbyBot.Trade for first place. This decentralized application will allow users and players to trade their virtual assets (NFTs) on Steam-based games, such as Team Fortress and Counter Strike, for TRX, USDT, and USDD on TRON. The projects that placed second through fifth in the NFT category were:
- Evoie by Evoie
- Samhita DAO by HeritageSpeak
- SealKey by TRONNuggetz
- Wine Vault by Wine Vault
The GameFi category was led by Duelers from TRONJoy. Players can choose “duel” or “tournament” mode to engage, create, and conquer the TRON community in the ultimate GameFi showdown! The remaining top five included:
- RevoluTRON by Irruption Lab
- theRevolt by Spirit-Tower
- Cukies: Rush & Run by Cukies World
- METASENS by METASENS
In the Web3 track, first place went to TrustSight by The TRONacles. Their project’s goal is to increase decentralized trust on the TRON blockchain via user reviews. It is essentially a crowdsourced reputation platform for on-chain actors, enabling TRON users to navigate the ecosystem securely and confidently. The projects that placed second through fifth in the Web3 category were:
- Daren Market by Daren Market
- TronSave by TRONSAVE
- ProvyLens by LensCrafters
- Yinbox by Jeffrey Lewis
The judge-selected qualifiers received 30% of their allocated prize for placing in the top five of their respective category on May 15, 2023. They have until June 1, 2023 to deliver a functional, decentralized application onto either the TRON or BitTorrent Chain MainNets in order to receive the remainder of their prize.
Feroz Lakhani, Enterprise Lead with TRON DAO, commented, “This season has been the best yet! I’m really looking forward to connecting more deeply with some of the projects focused on environmental sustainability, as it aligns with our focus on being as eco-friendly as possible. For fun, I also love ‘quality testing’ all of the GameFi projects. That’s what my next few weekends will be dedicated to, and I can’t wait!”
Community Forum Top Fives
The HackaTRON Community Forum voted to select “community” winners, as well. Here are the top five from each category:
Web3
- CryptoDo by CryptoDo
- ProvyLens by LensCrafters
- ZkTickets by ZKP Tech Solutions
- BlockMenu by BlockMenu
- Yinbox by Jeffrey Lewis
DeFi
- Ergon by USTX
- Swirl Ads by Team Sudo
- Sorrel Banq by Paracosm Labs
- UpDawg by uDawgDAO
- Cloak by Cloak
GameFi
- Cukies: Rush & Run by Cukies World
- Duelers by Tronjoy
- RevoluTRON by Irruption Lab
- Worlds Hardest Maze by WHM
- theRevolt by Spirit-Tower
NFT
- TNS Domains by SolidityGods
- TNFT Maker by Cubie
- Wine Vault by Wine Vault
- TronGallery by TronGallery
- EnergyNFTs by TRONArmy
Builder
- JustMoney Spot by JustMoney
- TuruVerse by TuruGlobal
- TronNRG by TronNinjas
- Deba’s Wulf Pack by The Pack
- Cukies World Metaverse by Cukies World
Eco-Friendly
- TronPower by Lomotey Josephine
- AurorAqua by Aurora
- MusiCoinCity by ElfWeb
- CarboEx by CarboEx
- EcoDAO by EcoDAO
This season, there were also three bonus prizes for the best performances in project engagement, determination, and community contribution. The project engagement and determination prizes will be announced on June 1, 2023. The community contribution prize recipients included Akainuu, antonio, fabsltsa, Gordian, HODL, manfred_jr, Nana66419, nweke-nature1, Prince-Onscolo, and Youngyuppie. Each selected community contributor will receive 500 USDD.
The TRON DAO team is thrilled with the quality of projects from Season 4 of the HackaTRON. Hackathons are just one of the ways developers are welcomed to #BUIDLtheFUTURE with TRON. Learn more about all that’s happening across the TRON ecosystem at TRONDAO.org.
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 May 2023, it has over 160.0 million total user accounts on the blockchain, more than 5.58 billion total transactions, and over $12.2 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.
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Media Contact
Hayward Wong
[email protected]
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The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.
The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.
Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.
Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.
Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.
Source: blockchain.news
The post Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety appeared first on HIPTHER Alerts.
Blockchain
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.
The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.
Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.
The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.
In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.
Source: blockchain.news
The post Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration appeared first on HIPTHER Alerts.
The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.
Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.
By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.
Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.
The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.
Source: cryptonews.com
The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.
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