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On January 24, Justin Sun, TRON Founder, announced that St. Maarten has expressed his wishes to adopt TRON which is alongside TRON’s goals of massive adoption on a global scale.

St. Maarten bares plans of adopting TRON
TRX price down by 3.31%
Price to peak by Q2 of 2023; could potentially shoot to $0.0973

St. Maarten, also spelled Saint Martin, is a country located in the Kingdom of the Netherlands in the Lesser Antilles, northeastern Caribbean Sea.


Decentralization, The Name Of The Game
TRON (TRX) refers to the decentralized open-source blockchain network that allows users to seamlessly connect with each other while also providing them access to a myriad of entertainment applications including graphics, videos, and games.
Essentially, decentralization remains the focus of the TRON project which facilitates the smooth transfer of money between users without any interference from financial companies or middlemen.

Another milestone for #TRON! St Maarten to adopt TRON as legal tender marks another achievement for our push on worldwide blockchain adoption.https://t.co/HXEnouj0Le
— H.E. Justin Sun₮ (@justinsuntron) January 23, 2023
The contrasting factor lies mainly in TRX unique architecture, as it is dispersed into three categories or layers:

the Storage Layer which has a distributed block storage
the Application Layer which is mobilized by developers for creating dApps that are used for issuing tokens
the Core Layer which consists of varied modules and smart contracts

These different layers are interconnected using a protocol that is compatible with multiple programming languages.
More so, the network also has built its community which is fostered towards the goal of speeding up the internet’s decentralizations with the use of blockchain and dApps.
On December 27, the TRX community merged with the Enterprise Ethereum Alliance (EEA) bandwagon, which is geared towards promoting best practices with the use of Ethereum blockchain technology, enabling real-world applications and processes.
TRON’s Social Volume Up, But Development Activity Wanes
With St. Maarten’s announcement declaring the adoption of TRON, its native token responded accordingly with metrics looking positive. 
TRX’s social volume spiked which hints at its booming popularity. More so, TRX also exhibited an increased demand in the futures market with its Binance Funding Rate extremely high.



However, the network’s development activity has plunged as seen in the past couple of days which could pose problems for the network. According to CoinMarketCap, TRX price is seen to retreat by 3.31%. The token is trading at $0.06068 as of this writing.
Evidently, investors have so much to rejoice about with TRX looking to spike in the next couple of days as seen in the recent market indicators, with the crypto peaking in the Q2 of 2023 or reaching as much as $0.0973.
With St. Maarten’s collaboration with TRON, the latter taps into the inclusive and expansive global network which can further its economy.
Featured image by World Atlas


On January 24, Justin Sun, TRON Founder, announced that St. Maarten has expressed his wishes to adopt TRON which is alongside TRON’s goals of massive adoption on a global scale. St. Maarten bares plans of adopting TRON TRX price down by 3.31% Price to peak by Q2 of 2023; could potentially shoot t...

newsbtc.com

TRON As Currency: Kingdom Of The Netherlands To Adopt TRON As Legal Tender




KEY3.id recently announced the support of multi-chain transactions, including major public chains such as Ethereum, BSC, TRON, Polygon, BNB Chain, Solana and more. As the only DID on Ethereum chain to support multi-chain transactions, KEY3.id gained the support and access from wallets such as KuCoin Wallet, CoinHub Wallet and Wallet3 and exchanges such as Yibi to jointly launch the 2023 Lucky Transaction Campaign.

The campaign generated mass buzz on Twitter, reaching over 30,000 participants for the draw to transfer 0.2023 USDT to the appointed DIDs of the wallet partners (2023kuwallet.did, coinhub.did, dagen.did) using the partnership wallets.
Users now can directly access DApps from different chains using KEY3.id’s .did domain name and blue-chip NFT bound DID to make transactions and send and receive tokens as well as NFTs.
DID (decentralized identity) is a popular concept in Web 3.0. Traditional identity management systems have long relied on a centralized medium that publishes, holds and controls identifiers and proof of identity.
This means that users have no control over personally identifiable information and no way to determine who has access and how much access they have. To address these issues, DID has emerged where it provides solutions for users to create highly readable and easily remembered identities without relying on a centralized organization.
According to statistics, the global decentralized identity market is valued at $181.8 million in 2021 and is expected to reach $46,457.5 million by 2030, growing at a CAGR of 89.1% during the forecast period.
Kory Pak, CEO of KEY3.id, said,
“DID is like a business card in the Web 3.0 world, representing the identity of individuals, organizations and brands. KEY3.id wants to lower the entry threshold of DID and meet the needs of users for accessing all chain applications. Supporting multiple chains with the same domain name resolution means higher utility, and users can use it in more Web 3.0 application scenarios.”
According to the official announcement, KEY3.id launched .did domain name in the first phase with intention to provide a permanently free DID for every user who wishes to enter Web 3.0, and to empower users to get a free-to-own DID Web 3.0 experience.
Users don’t have to pay anything upfront to claim a DID, while being neutral and inclusive enough to solve the problem of fractionalization in the current mainstream DID projects.
Moreover, KEY3.id also launched the industry’s first asset-bound token – blue-chip NFT-bound DIDs to lead Web 3.0 users to have ‘asset as your DID.’
Currently, there are over 20 blue-chip NFT communities working together with KEY3.id including BAYC, Azuki, Clone X, Doodles, Mfers, Mimic Shhans and Moonbirds.
KEY3.id is also planning to set up an ecosystem to support more public chains, deploy more chains using KEY3.id’s DID and integrate with various types of ç, expand the user base of the domain and commit to providing users with more Web 3.0 application scenarios.
About KEY3.id
KEY3.id is a distributed, open and extensible naming system based on the Ethereum blockchain. .Did is the first DID launched by KEY3.id, aimed to provide users with decentralized identity in Web 3.0, with the features of free-to-claim, free-to-renew and free forever.
KEY3.id also supports the DIDs of 20 other blue-chip NFT-bound domain names, including .bayc, .mfer, .mimic, .doodle, .moonbird and more.
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The post KEY3.id Supports Multi-Chain Transaction, Partnership With KuCoin Wallet, CoinHub Wallet and Wallet3 To Launch 2023 Lucky Transaction Campaign With Over 30,000 Participants on Social appeared first on The Daily Hodl.


KEY3.id recently announced the support of multi-chain transactions, including major public chains such as Ethereum, BSC, TRON, Polygon, BNB Chain, Solana and more. As the only DID on Ethereum chain to support multi-chain transactions, KEY3.id gained the support and access from wallets such as KuC...

dailyhodl.com

KEY3.id Supports Multi-Chain Transaction, Partnership With KuCoin Wallet, CoinHub Wallet and Wallet3 To Launch 2023 Lucky Transaction Campaign With Over 30,000 Participants on Social

Justin Sun is reportedly eyeing the assets of Digital Currency Group (DCG), the parent company of embattled crypto broker Genesis and many other firms in the industry.
According to Reuters, the founder of blockchain network Tron (TRX) and advisor to crypto exchange Huobi is willing to allocate as much as $1 billion of his personal funds to purchase some of DCG’s assets “depending on their evaluation of the situation.” 

Genesis halted customer withdrawals in November due to liquidity issues arising from the collapse of crypto firms Three Arrows Capital and FTX. The brokerage says it has $175 million worth of crypto derivatives locked into its FTX trading account.
As Genesis reportedly faces more than $3 billion in debt, its parent company DCG considers selling $500 million worth of its venture capital assets to raise funds.
The conglomerate has venture capital holdings in over 200 crypto-related projects, which include exchanges, banks and custodians. It also holds many crypto assets.
Sun, however, did not specify which DCG assets he is interested in buying. 
News of the billionaire looking to acquire some of DCG’s holdings comes amid Huobi’s reported plans to lay off about 20% of its staff. Sun said the Seychelles-based exchange is expected to complete the dismissal by the end of the first quarter.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/NASA images/Sergio99
The post Tron Founder Justin Sun Looking To Spend $1,000,000,000 on Digital Currency Group’s Assets: Report appeared first on The Daily Hodl.


Justin Sun is reportedly eyeing the assets of Digital Currency Group (DCG), the parent company of embattled crypto broker Genesis and many other firms in the industry. According to Reuters, the founder of blockchain network Tron (TRX) and advisor to crypto exchange Huobi is willing to allocate as...

Tron Founder Justin Sun Looking To Spend $1,000,000,000 on Digital Currency Group’s Assets: Report

Digital Currency Group (DCG), the parent firm of struggling cryptocurrency lender Genesis, is liquidating some of its holdings. Tron founder and Chinese crypto entrepreneur Justin Sun is prepared to invest $1 billion to acquire the network.
In a recent interview with Reuters, Sun – the founder of Tron – said, “Depending on DCG’s assessment of the situation,” he would be willing to spend up to $1 billion on the Digital Currency Group’s holdings.

Suspension Of Withdrawals
Genesis is a part of DCG, and its clients are owed about $3 billion. The company’s lending arm stopped withdrawals on November 16, citing “extreme market dislocation.” This happened after the cryptocurrency exchange FTX filed for bankruptcy. 
As such, Reuters required assistance in determining Sun’s financial status. DCG is a $50 billion asset management firm that is estimated to be worth $10 billion in 2021. Current estimates place Sun’s net worth anywhere from $250 million to $3 billion, depending on the consideration given to traditional assets and cryptocurrencies.

Recent events have seen Sun promise billions in rescue funding to the collapsed FTX, but he still needs to execute. Similarly, Sun announced support for Binance’s Industry Recovery Fund. 
Despite numerous requests for comment on the recent events and Sun’s expressed interest, DCG remained silent.
DCG Might Sell Its Properties
Earlier this month, Genesis, a DCG subsidiary, said that it would be cutting its personnel by 30% as a result of the current economic situation. Companies associated with both Sun and DCG are facing difficulties right now. 
In an open letter published early in 2023, Gemini co-founder and twins Cameron and Tyler Winklevoss demanded that Genesis refund its $900 million debt to Gemini Earn. Cameron then intensified the public spat by requesting that DCG CEO Barry Silbert be removed from his position. 
As a result, Gemini Earn, a close partner of Genesis, ceased withdrawals and formally shut down on the same day as DCG’s subsidiary, which later officially became defunct on January 8th.

Although Silbert has tried to put some space between his company and Genesis’s problems, the company is reportedly considering selling assets to cover Genesis’s $3 billion debt. Genesis was one of the first companies to suffer from the FTX outbreak, freezing withdrawals from its lending platform in the middle of November.
Since then, it has come to light that the company considered filing for bankruptcy and hence retained restructuring advisers. Reports also suggest the company tried and failed to raise $1 billion in rescue funding, while a spokesman for the firm said those reports were out of date and that the firm had been engaged in “quite positive negotiations” as recently as late November.

At the time of writing, TRON TRXUSD is trading around $0.0635 up 5.44%.
Featured Image from Businessnews, Featured image from Tradingview.com.


Digital Currency Group (DCG), the parent firm of struggling cryptocurrency lender Genesis, is liquidating some of its holdings. Tron founder and Chinese crypto entrepreneur Justin Sun is prepared to invest $1 billion to acquire the network. In a recent interview with Reuters, Sun &#8211; the foun...

bitcoinist.com

Tron Founder Justin Sun Ready To Invest $1 Billion On DCG Assets

The Tron-based stablecoin USDD fell below $1 parity again during the first week of 2023 and on Jan. 10. Four days ago, the stablecoin dropped to $0.972 per unit and on Tuesday, Jan. 10, 2023, USDD slipped to $0.977 per unit. At the time of writing, the Tron-issued stablecoin is trading at 98 cents per coin.
USDD Stablecoin Dips Down to 97 Cents per Token
There have been some slight fluctuations in USDD’s price at the start of the new year, as the stablecoin has dipped to the 97-cent range on a few occasions in 2023. After Terra’s stablecoin depegging event in May 2022, USDD started to slip slightly below the $1 peg, causing anxiety in the crypto industry. A number of other stablecoins saw similar deviations. On June 19, 2022, USDD reached a low of 92.8 cents per unit, but the stablecoin managed to regain the $1 peg, trading between 98 cents and 99 cents per unit.

In mid-Dec. 2022, USDD deviated from the $1 parity, and Tron’s Justin Sun said that the team deployed more capital. USDD has seen fluctuations in value since Dec. 11, 2022, and it reached a low of $0.971 on Dec. 13, 2022, according to coingecko.com statistics. Last week, a similar instance occurred as the USDD price dipped to $0.972 per unit on Jan. 6, 2023. Charts show that USDD’s action four days later on Tuesday, Jan. 10, 2023, indicates that the stablecoin slid to a low of $0.977 per unit during the past 24 hours.

According to the project’s Tron DAO Reserve page, USDD is over-collateralized by 202.41% compared to projects like DAI, which is 120%, and USDT and USDC at 100%. USDD is currently the eighth-largest stablecoin by market capitalization, which is $710.03 million at the time of writing on Tuesday 4 p.m. Eastern Time. The number of USDD in circulation is higher at 725,332,035.

Currently, there is roughly $33.44 million in global USDD trade volume during the past 24 hours. With USDD trading at 97 cents at times, it means that someone who owns 1,000 USDD can only get around $970 in U.S. dollars. Meanwhile, the rest of the top ten stablecoins on Jan. 10, 2023, are trading for USD values between $0.997 to $1. Statistics further show that USDD’s coins in circulation grew by 0.8% over the last 30 days.
What are your thoughts on the price fluctuations USDD has experienced at the start of 2023? Share your opinion on this topic in the comments section below.



The Tron-based stablecoin USDD fell below $1 parity again during the first week of 2023 and on Jan. 10. Four days ago, the stablecoin dropped to $0.972 per unit and on Tuesday, Jan. 10, 2023, USDD slipped to $0.977 per unit. At the time of writing, the Tron-issued stablecoin is trading at 98 cent...

TRON price	$0.063265
Low - High 24H	$0.063142 - $0.064306
Market cap	$5.81B
Volume 24H	$380.14M
All time high	$0.231673 -72.70% January 5th 2018
All time low	$0.001804 3405.20% November 12th 2017
Genesis date	N/A

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