Trittium — Weekly Report #53

August 18 to August 25

Aug 25 · 5 min read

1.- WHAT DID THE MARKET DO?

In the end, nothing really, as we keep similar capitalization, around $ 266,000 millions. (+0.37%).

About Bitcoin, you can see we keep the same channel and not too big movements along the week.

About BTC Dominance, looks like we are under previous support and probably BTC dominance can go down and allow some fresh air into Alts. This week will confirm such option, for now, we keep a high ratio, at 70,5%.

MASTERNODES MARKET

Dash daily graph explains clearly the situation. Falling down since May, 20 perhaps it founded support and try to rebound now. This is related to BTC dominance. Maybe we can see a new altseason soon.

With this, Dash Dominance is now at 54.27%, more than 2 points higher than seven days ago.

If we check Saturdays closing data, we have:

Masternodes market 1,536 USD million (-3.12%)

Dash market capitalization 864 USD million. (+3.97%)

Masternodes market excluding $Dash: 672 USD million. (-10.75%)

About Trittium market capitalization, we are at 701,011 USD (-24.22%).

With around 226,000 nodes running, we have now 5,000 nodes more than seven days ago.

2. WHAT DID TRITTIUM DO?

Sadly we continue under the resistance zone, around 58–62 sats. We need to break these levels to be able to grow in price. Several attempts failed.

About price and market orders, This was the order book on August 18:

And this one is today, August 25:

In summary:

  • The average trade price is lower than the previous week, 52–57 sats.
  • The buy orders book is thinner, with 0.30 BTC in buying orders.
  • The sell orders book is more significant, with 1,360,000 Trtt for sale.
  • We have now 27 masternodes in sell orders and 11 in buying orders. The ratio is worst than seven days ago.
  • We have now 66,000,000 TRTT (51.82%) coins locked,1,400,000 coins more than seven days ago.

3. PROJECT PROGRESS.

  • Twitter: 837 Followers. (-2)
  • Discord: 7,387 294 members (1.27%).
  • PoCoN This week:( August 18 to August 25)
    Burned: 120,311
    Sent: -
  • Trtt total coins burned: 1,947,289
  • We enter in our last only burning week.

3. PROJECT PROGRESS.

  • We have some new screenshots to show you from the lending platform. We are more and more near to launch it!!!!.
  • The loan request form (you have seen it as a draft… now these are tooltips with descriptive texts for each element of the form, LTV suggestions and risk comments depending on the selected LTV value, fees options and details for each of them, javascript form validation)
  • Account top-up request, when the account balance is not enough to cover fees (case when TRTT is selected as currency for fee charges).
  • Account top-up request, when the account balance is not enough to cover fees (case when Another cryptocurrency is selected for fee charges).
  • 4. Collateral transfer request
  • 5. Loan request summary (already submitted applications)
  • We offer a new bounty!!!
    We are offering 10K Trittium bounty to someone who creates a video about how to move a node to be hosted on trittium using same transaction id. Currently, two bounties opened, 1 for English and 1 for Russian

4. trttNodes PROGRESS.

Last week data:

And today:

Instant Masternodes Running: -17.25%
Cold nodes running: +12.78%
Investments: +1.48%

New coins listed this week as insta nodes: Atheneum.

New coins listed this week as cold nodes: Zel, Send, Zero, Northern, Monkey, Sparks Pay and 3D Coin.

  • The platform only will allow payment in Trittium at some insta nodes investments:
  • Did you see the new window to show the transfers at the trttnodes platform wallet? Now when you go to a coin wallet, for example, Trittium (Left menu: Wallets/Trittium) and you select one tx, this window will appear to explain it
  • Sometimes we want to merge different investments into 1 (Speaking about make the merger into the same coin obviously). Until now, we had to withdraw from one investment and deposit in other. Now we have the option to merge both investments directly. How to:
    — Left menu/portfolio/My Investments/
    — Directly Select into one of your investments and press “View Details.”
  • Sometimes we do not want to reinvest, and we want to send our rewards directly to other address outside the platform, for example, our desktop wallet or directly to exchanges. Now, you can send your rewards directly to the address you decide.
    How to? Easy, go to portfolio/My investments, there you will see a list of all your insta nodes.
    And you will see a pencil over the payment address, select it and put the new address you want to use as rewards address.
  • Remember, all the trtt coins you have at your wallet at the trttNodes platform are staking, and we do not charge any fee for it. So, the coins you put uninvested at the wallet to pay fees are also generating staking rewards.

We continue working!!!!

Thanks for reading, don’t forget to clap!!!!

You can also follow us on the networks below:

Twitter

BetweenBlocks

Bitcointalk

Reddit

Discord

Trittium.cc

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Tritium is a revolutionary intermediary platform that allows for fast and easy peer-to-peer loans backed by crypto collateral.

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