TRON to launch blockchain game platform for TRX holders

TRON and Game.com announced partnership in order to create a game platform based on blockchain which will be available for TRX holders on January 22
09 January 2018   4519

Game.com is a service which is aiming to create global gaming platforms for blockchain digital currencies. On January 7, the chief executive officer of Game.com has announced that the platform partnered with TRON, a blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology.

The partnership is aimed at creating a gaming platform, available on tron.game.com, which can be used only by the holders of TRX token. The English and Korean versions of the game platform will be launched on January 22.

Currently TRON takes the first place in the list of tokens ranked by market capitalization, and those are main market parameters of TRON at the moment of press:

  • Average price: $0,151489
  • Marketcap: $9 960 127 930
  • 24h volume: $1 354 480 000

DigixGlobal to Return 386,250 ETH to DGD Holders

Back in 2016, DigixGlobal raised more than 460,000 ETH (worth $ 5.5 million at the time) thru sale of DGX and DGD tokens
26 November 2019   286

DigixGAO, behind the DigixDAO ICO project, is considering the possibility of returning 386,250 ETH (more than $ 57 million at the current exchange rate) to DGD token holders, The Block reports.

Back in 2016, DigixGlobal raised more than 460,000 ETH (worth $ 5.5 million at the time) in the hope of “transferring gold to the blockchain” using an economic system based on two coins:

  • DGX - a token allegedly secured by gold held by The Safe House, a Singapore-based company;
  • DGD is the management token of the decentralized autonomous organization DigixDAO, responsible for managing funds raised during the ICO.

DigixDAO currently stores 386,250 ETH. At the same time, 335,450 ETH are in offline stores, and 50,800 ETH in online wallets.

DGD's market capitalization is currently $ 24.6 million. Thus, provided that the current price proportions between ETH and DGD are maintained, DigixDAO investors can profit after the liquidation of the project storage.

Earlier, DigixDAO holders supported a proposal involving the burning of DGD tokens in exchange for ETH from the company's storage. However, DigixGlobal opposed this proposal for fear that the US Securities and Exchange Commission (SEC) would consider the coins of the project as securities. The co-founder of the company, Kai Chan, noted that he would prefer such a mechanism to completely eliminate the DigixDAO storage and, consequently, close the project.

Now the founders of Digix plan to submit a proposal to the vote, which will last about one month. According to Chan, the DigixGlobal team owns at least 8% of DGD tokens. If at least 60% of investors vote in favor of liquidating the repository, then the project participants will free up funds for working on other projects.