TronWallet Adds Swap Pairs With Matic (MATIC), PundiX (NPXS), Kyber Network (KNC) and Crypto.com (MCO): Details

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Fri, 05/29/2020 - 19:19
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Vladislav Sopov
TronWallet, a secure peer-to-peer cryptocurrency wallet and exchange for TRX, BTC and ETH has added a couple of popular altcoins to its seamless Swap mechanism
TronWallet Adds Swap Pairs With Matic (MATIC), PundiX (NPXS), Kyber Network (KNC) and Crypto.com (MCO): Details
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TronWallet, a decentralized multi-currency wallet designed for holding and exchanging crypto tokens, has added native coins of well-known cryptocurrency projects to its swap options.

Series of listings

Last week was particularly fruitful for TronWallet users in terms of new token listing announcements. On May 25th, the wallet team added Kyber Network Crystals (KNC) to its Swap feature. This token powers the Kyber Network, the most popular decentralized liquidity protocol.

Two days after the KNC Swaps release, the NPXS token, designed by PundiX Labs, enhanced the trading toolkit of TronWallet. Since the NPXS asset is widely used in retail cryptocurrency payments, this announcement, particularly, could bootstrap mainstream adoption of crypto.

Yesterday, MATIC, the core asset of the Matic Network, an Ethereum (ETH) Layer 2 scalability solution based on Plasma frameworks and Proof of Stake (PoS), also joined the ranks of TronWallet assets in the Swap tool.

Recently, the Matic Network team announced a long-awaited mainnet launch, so listing on TronWallet could significantly increase the liquidity influx for MATIC.

Lastly, MCO, the token of the Crypto.com exchange ecosystem was implemented into the seamless Swap mechanisms of TronWallet on May 29th. The Crypto.com platform provides pre-paid cards and other services aimed to assist customers buy and spend cryptocurrencies more easily in their daily life.

Automated swaps for best profit

Every token is available in Swap pairs to & from Bitcoin (BTC), Ethereum (ETH), Tron (TRX), the U.S. Dollar Tether (USDT) and TWX, the native token of the wallet.

Misha Lederman, the Director of Communications and Marketing at TronWallet.Me, explained to U.Today Crypto News, what makes TronWallet Swaps particularly lucrative for users:  

The TronWallet Swap itself is conducted by fully autonomous bots that are built in-house with proprietary technology, which continuously monitor for the best exchange rate and lowest prices for the user among top exchanges. The Swap is an innovative one-click solution that saves the user precious time, while keeping the tokens off exchanges and inside the wallet’s safe encrypted system, where the user has full ownership over their keys and their crypto

So simply put, a Swap is executed when the TronWallet system detects the best market conditions for a particular trade.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250

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Fri, 01/15/2021 - 18:02
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Vladislav Sopov
Ethereum 2.0 enthusiasts deposited whopping sum in its contract launched six weeks ago
2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250
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While crypto markets are trying to get out of the most painful correction in this bullish cycle, the Ethereum 2.0 deposit contract accomplishes another crucial milestone.

ETH2 deposit contract surpasses $3,000,000,000 level

According to leading Ethereum network observer Etherscan, the Ethereum 2.0 deposit contract (0x00000000219ab540356cBB839Cbe05303d7705Fa) allocated more than 2.5 million Ethers. New 32-ETH stakes are transferred to it every minute.

ETH2 deposit contract breaks above $3B
Image by Etherscan

As the correction of the Ethereum (ETH) price ended, ETH is changing hands at $1,225: the $1,250 level was too difficult for bulls to conquer. Meanwhile, even at press time, it is worth almost $40,000 to join the club of Ethereum 2.0 stakers.

Therefore, the USD-denominated value of assets locked in the contract surpassed $3 billion for the first time ever and keeps surging.

It should be noted that Ethereum 2.0’s deposit contract went live on Dec. 1, 2020, heralding the start of ETH2 Pase Zero or Beacon Chain, the inaugural stage of Ethereum 2.0.

Ethereum 2.0 “entry tickets” become really expensive

At press time, more than 52,267 addresses transferred money to the deposit contract.

Ironically, Black Thursday in Crypto (March 13, 2020) was the most convenient time to join Ethereum 2.0 staking with Ether at $95. Today, Ethereum (ETH) enthusiasts should pay 13 times more to have a minimum amount of Ethers required for staking.

Ethereum 2.0 is a proof of stake (PoS) iteration of the Ethereum (ETH) protocol. It replaces mining by staking and splits the whole Ethereum (ETH) network into several interconnected sub-chains (shards).

According to Staking Rewards analytical dashboard, annualized rewards for ETH staking are estimated between 10.4 and 10.6 percent.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)