Binance LaunchPad is a cryptocurrency token creation platform that will start introducing a single token to its users every month in 2019 according to a press release from the largest crypto exchange that we are reading more about in our crypto news.
The first projects to be launched are TRON-related BitTorrent and Fetch.AI.
Binance Labs makes it possible for innovative blockchain startups to get funds while Binance LaunchPad is great for raising funds through token sales. The LaunchPat supports projects that need a renowned window for more users. As some of the most successful projects, last year on the platform is the Bitcoin wallet Bread and the blockchain-based gifting platform Gifto.
The founder of TRON Justin Sun acquired BitTorrent in July 2018 for $126 million with more than 100 million users on the platform. TRON also hit a milestone by launching 100 million smart contracts and reaching 1 million users on its platform. Binance describes BitTorrent’s project such as:
‘’BitTorrent’s protocol is empowering a new generation of content creators with the tools to distribute their content directly to others on the web. BitTorrent’s new BTT token will allow BitTorrent peers to incentivize activities that lead to better file sharing, like using faster networks and enabling longer seeding periods.’’
Users will be able to receive BTT tokens for seeding files and the company will create about 990 billion tokens where a wallet will be included. The tokens will be later allocated to the users but also to the BitTorrent foundation and TRON foundation teams.
The LaunchPad will also pay attention to the issuance of Fetch.AI-an ecosystem that performs functions using artificial intelligence. This project hopes to improve transport, energy and supply chain industries.
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“Through Ripple’s xRapid product, we will have the ability to instantly settle funds from U.S. dollars to destination currencies on a 24/7 basis, which has the potential to revolutionize our operations and dramatically streamline our global liquidity management.”As the website shows, MoneyGram is the second largest payments firm in the world. The coming altcoin news and its partnership with Ripple will also help the blockchain firm to gain presence in more than 200 countries (where MoneyGram actively operates). Much of the company's business lies in the remittances market, which value is estimated at around $600 billion. The CEO of Ripple, Brad Garlinghouse, also shared his excitement about the new Ripple and MoneyGram partnership, stating:
“This strategic partnership will enable MoneyGram to greatly improve its operations and enable millions of people around the world to benefit from its improved efficiency. This is a huge milestone in helping to transform cross-border payments and I look forward to a long-term, very strategic partnership between our companies."Payment processing and sending money globally through the blockchain are definitely something that can be improved with this new partnership. By joining Ripple's growing and global network, financial institutions can process their customers' payments anywhere in the world instantly, reliably as well as cost-effectively.
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“Participants reflected on the legitimate use of blockchain technologies, including the use of cryptocurrencies for trading and investment activities, payment method and as a store of value.”As noted in the coming altcoin news, blockchain technology spiked the interest in business leaders and governments around the world. There will be a part of every business in the future consisted of blockchain since already some major companies such as Amazon, Google and Microsoft are all into the technology.
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