Creditcoin x TRON
TRON support is coming to the Creditcoin ecosystem!
We’re incredibly excited to announce that we’ve partnered up with the TronDAO to bring TRON Network support to the Creditcoin ecosystem, with both a new Gateway DAO bridge and Gluwa Wallet support for TRON in development. By supporting the TRON network we can deliver on our vision for a scalable, multi-chain ecosystem, and provide our Gluwa Wallet users access to low cost TRC20 transaction solutions.
The TRON network is a highly scalable smart-contract enabled L1 solution, offering users lower transaction fees and faster speeds than other popular blockchains such as Ethereum or Bitcoin, with over 110 million users and 3.9 billion transactions to date. Based on a delegated proof-of-stake consensus mechanism, TRON also benefits from greater energy efficiency than other networks such as Bitcoin. By integrating with TRON, OpenFi users will be able to access new Web 3 opportunities via the Gluwa Wallet and Gateway DAO.
What’s happening?
🌉 Gateway DAO — The Gateway DAO will support a TRON Gateway, facilitating token bridging between Ethereum and TRON. This will allow users and developers to operate on different chains according to their individual needs and preferences, and enable new scaling opportunities within the OpenFi ecosystem.
🏦 Gluwa Wallet — The Gluwa Wallet will also support TRON and certain TRC20 based stablecoins, enabling low cost transactions within the OpenFi ecosystem. Support for TRON will also facilitate future exchange listings.
Creditcoin founder, Tae Oh,
“We’re very excited to be bringing such a popular and highly reputed network into the Creditcoin Ecosystem. This partnership will help push the scalability of #OpenFi, with TRC20 stablecoins affording our users the ability to benefit from incredibly low-cost and energy efficient transactions. We look forward to working together on our mission to deliver a multi-chain Web3 future.”
These features are planned for Q4 2022. We have lots more exciting news on network support and interoperability coming, so keep your eyes peeled!
Want to get involved with OpenFi and earn real-yield on your stablecoins? Download the Gluwa Wallet here today: 🍏 Apple | 🤖 Android
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About Tron DAO
Tron is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications. Founded in September 2017 by Justin Sun, the Tron network has continued to deliver impressive achievements since the 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 August 2022, it has over 110 million total user accounts on the blockchain, more than 3.8 billion total transactions and over $13.2 billion in total value locked, as reported on Tronscan. In addition, Tron hosts the largest circulating supply of Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum in April 2021. The Tron network completed full decentralization in December 2021 and is now a community-governed decentralized autonomous organization (DAO). Most recently, the overcollateralized decentralized stablecoin USDD was launched on the Tron blockchain, backed by the first-ever crypto reserve for the blockchain industry — Tron DAO Reserve, marking Tron’s official entry into decentralized stablecoins.
About Creditcoin
Creditcoin is a foundational L1 blockchain designed to match and record credit transactions. With over 10M+ users, Creditcoin is creating a public ledger of credit history and paving the way for a new generation of interoperable cross-chain credit markets. By working with technology partners, fintech lenders, and other financial institutions across global emerging markets, Creditcoin is using the principles of Open Finance to secure capital financing, build credit history and facilitate trust for millions of underserved financial customers and businesses.
About Gluwa
Gluwa is an Open Finance platform, connecting capital from developed markets to emerging market lending opportunities using blockchain technology. Investors can use the Gluwa Invest platform to partake in debt-financing deals with emerging market fintechs, earning up to 15% APY.
