TRON to Reach 1M User Addresses

It took only six months to reach this spectecular number for the team
25 December 2018   1443

One million user accounts height was reached by TRON blockchain protocol team.  The info was uploaded to the media by Misha Lederman, creator of IAmDecentralized. 

TRON wants to become the ecosystem for developers of DApps. CEO TRON Justin Sun is known to be critical on Ethereum.

Lederman suggested that the speed at which activity increased is also significantly higher than that of ETH.

In comparison, (Ethereum) reached 1 million accounts on Jan 22, in 542 days or 18 months since (the Ethereum) Mainnet Launch.

Misha Lederman

Creator, IAmDecentralized

But some highlighted the fact Ethereum gained its user base when cryptocurrency much less popular. It is also worth noting that TRX price is 2 cents. It not looks so good on the background of $73 worth Ethereum.

TRX had shown strong growth this week before a correction - token lose 15 percent in the 24 hours to press time. ETH dropped 12.6 percent in the same period.

Neo Foundation to Withdraw $11M From Cold Wallet

These funds will be used to finance its operations in currrent reporting year and $190M are stiill in the vault
26 March 2020   905

On March 25, the Neo Foundation announced the withdrawal of 1,660,865 NEO ($ 11 million) from the cold wallet to finance its activities in the current reporting year. About $ 190 million are still in reserves.

According to rules established in the Neo White Paper, the NEO tokens maintained by the Neo Foundation are mainly used to continuously support Neo's technological development, ecosystem growth, community expansion and the normal operations of the foundation and related organizations. 


Neo Foundation

According to the publication, 1,660,865 NEOs were transferred “from a blocked account to a current account”. As the information on the blockchain shows, these funds were directed to an address containing 14.6 million NEO or about $ 100 million. The project does not disclose who controls this address and what fate awaits the released tokens.

White paper Neo suggests that project costs in any given year should not exceed 15 million tokens. In the near future, a financial report for 2019 will be published.

At the time of publication, NEO is the 23rd largest asset on the market with a capitalization of $ 479 million. The price of one NEO is $ 6.79.