Bologna, Italy, March 08, 2022 (GLOBE NEWSWIRE) — The blockchain technology has proven a key development factor for the new economy. One of the main drawbacks of digital currency is high volatility. The crypto market is also cyclic in nature, with big up and downs between cycles. In these conditions, crypto investors are looking for innovative and lower risk assets to protect value over time. The , the main NFT marketplace on Tron, where you can mint NFTs paying with USTX. The price performance since launch is +133%, compared to a -36% for BTC over the same period.
The project team is continuously working to expand the utility, the adoption and the userbase of the token. With this goal in mind, USTX decided to participate to the Tron Grand Hackathon 2022. The event, promoted by TronDAO brings new opportunities and can accelerate the development of new applications in TRON and BTTC. USTX plan for is to bring two noteworthy additions to its expanding ecosystem: the Voting portal and the Crosschain bridge.
Through the Voting portal, the stakeholder will participate directly in the project most important strategic decisions, increasing the community engagement. The user will appreciate the app integration with USTX DEX and voting will happen on-chain. Every proposition will be managed by a smart contract and transactions will not require any fees to be spent by the user.
The Crosschain bridge will be the key for USTX launching on other blockchains and consequent userbase increase. The bridge implementation will focus on giving the user maximum control on the transaction process. Off-chain operations will be reduced as much as possible. After the deployment, USTX could be ported ideally to any EVM compatible blockchain, like BTTC, ETH, BSC, Polygon, Cronos and many other. All blockchain will share the token total supply, using the lock/release method on Tron and mint/burn on secondary chains. This will allow USTX to be one token, with one price and one supply, across multiple blockchains.
Crypto experts, KOLs, and a public community review board will vote and decide the hackathon winners, whose scores account for 30%, 30%, and 40%, respectively. Community reviewers will transparently vote on the TRON DAO Forum from March 8th to 11th.
You can learn more about the project by following our social media channels: Twitter, Telegram, Discord and Reddit.
Visit the website: https://ustx.io/
CONTACT: [email protected]
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