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TRON to allow zero-fee stablecoin transactions

  • TRON plans to introduce zero-fee stablecoin transfers
  • The plan aims to boost blockchain adoption
  • TRX sees price dip amidst optimistic news

In an exciting development Justin Sun, the founder of TRON, has announced plans to introduce zero-fee stablecoin transactions.

This initiative aims to revolutionize the way stablecoins are transferred on the TRON blockchain, promising a significant enhancement in user experience by eliminating transaction fees for stablecoin users.

The announcement has sparked a wave of enthusiasm among TRON users and crypto enthusiasts alike, as it could potentially make TRON’s blockchain even more attractive for stablecoin operations.

Sun emphasized that this feature is being developed to make stablecoin transfers entirely fee-free. By doing so, it removes barriers to entry and potentially accelerating the mass adoption of blockchain technology for financial transactions.

The technical details on how TRON will manage to offer zero-fee transactions remain somewhat under wraps, but this move could shift costs elsewhere, possibly to validators or through other innovative mechanisms.

The move is part of a broader strategy by TRON to enhance its platform’s utility, especially in areas where it has already made significant inroads, like stablecoin market share.

Impact on TRON (TRX) price

Parallel to this news, TRON’s native cryptocurrency, TRX, has shown notable price movements. Over the past week, TRX has experienced a modest increase, with a 2.9% jump. However, the token has experienced a slight 3.6% drop today, reflecting broader market dynamics rather than this specific announcement.

Nevertheless, the zero-fee stablecoin transaction news has injected a sense of optimism, with market analysts suggesting that this could lead to a positive price adjustment in the near term if the implementation proves successful.

Industry observers are keen to see how this zero-fee model will be received by the broader market, especially given TRON’s significant role in hosting stablecoins like USDT, where it commands a substantial portion of the stablecoin market cap.

The move could not only increase TRON’s user base, but also set a precedent for other blockchains to follow suit in making cryptocurrency more accessible and cost-effective for everyday use.

The post TRON to allow zero-fee stablecoin transactions appeared first on CoinJournal.

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Remittix unveils its PayFi project as presale hits $5m

Key takeaways

  • Remittix is a new PayFi project that allows users to pay fiat into any bank account worldwide using crypto.
  • The project has raised over $5 million in its presale, selling over 284 million tokens.

What is Remittix?

The cryptocurrency space is evolving thanks to its never-ending stream of innovation. The industry has already seen the emergence of narratives such as DeFi, RWA, and several others.

Remittix is ushering in another era with an interesting narrative: PayFi. According to the team, Remittix is a payment network that merges the best parts of traditional payment systems with decentralized Finance. The merger of these two is called PayFi.

Remittix will allow users to pay fiat into any bank account worldwide using crypto. The platform will empower users to easily connect their crypto wallets and send cryptocurrencies to recipients who can receive the money in their preferred fiat currency. The best part of Remittix is that there are no hidden fees, no expensive conversation rates and the recipient will have no idea the original payment was sent in crypto.

How does Remittix work?

Using Remittix is not complicated, and it is suitable for both novices and experts in the crypto space. The development team explained the platform’s working model in their whitepaper.

The first step is to enter the recipient’s bank details into Remittix, just like you would for a standard bank transfer. The sender must also enter how much they want to pay and the payment reference to be displayed on their bank statement. Remittix will generate a quote for the sender and show the amount of crypto to transfer and the exact amount charged in fees.

Finally, the sender transfers the crypto to the unique deposit address provided. The crypto will then be liquidated and transferred to the recipient via bank transfer.

After a successful payment, the sender will be given a receipt. Updates about their payment can be found in the Remittix dashboard. Typically, payments will arrive at the recipient’s bank account within 24 hours. The full amount will arrive, and the reference will be included.

Remittix presale surpasses $5m

Remittix is a cross-border payment project that could revolutionise how users send money via cryptocurrencies. As a project with huge potential, Remittix has already raised over $5 million in its presale. 

According to the team, the presale target is $36 million, with over 105 raised so far. There are 750m tokens available in the presale, with over 284 million tokens sold already. 

Furthermore, the liquidity pool will be locked for 3 years, and the team token will also be locked for 3 years. Remittix has undergone a full smart contract audit which was passed with no issues within the contract, further solidifying their commitment to safety and transparency for their customers. 

Remittix will launch the RTX token on top centralized exchanges and on Uniswap. Users can buy the RTX tokens using USDT, USDC, and accepted cards.

The RTX token is currently sold for $0.0282 per token, with the price set to increase to $0.0297 in the next presale stage 

Why buy the RTX token now?

Remittix is an exciting PayFi project that could boost crypto adoption by making it easier to send crypto to others as fiat. The project has raised nearly $5.5 million so far, with over 284 million tokens sold.

As a project, Remittix offers numerous benefits to users, including lower fees, faster processing, transparency and security, flexibility, streamlined operations, and financial inclusion.

The presale is an opportunity to buy the RTX tokens at a possible discount price before it starts trading on centralised and decentralised exchanges.

The post Remittix unveils its PayFi project as presale hits $5m appeared first on CoinJournal.

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$IDGN’s presale price hits $0.0133 as new stage kicks in

Key takeaways

  • iDEGEN’s presale has entered a new stage, with the token now going for $0.0133.
  • The presale has raised over $17.5 million and is set to end in 33 days.

What is iDEGEN?

Solana memecoins are currently gaining traction in the crypto space thanks to the recent launch of $TRUMP on the blockchain. After generating thousands of percentages in ROI for early investors, all focus is now on upcoming memecoins on the Solana network. 

iDEGEN could be the next big memecoin on the Solana blockchain, and the amount raised in presale points to that possibility. This project merges the AI and memecoin ecosystems, ensuring investors take advantage of both. 

It is a meme project that leverages the benefits of AI to create the next billion-dollar memecoin. According to the whitepaper, iDEGEN is an AI tool that primarily functions as such. It continuously evolves and adapts by leveraging community feeds on X. While iDEGEN is powered by AI, degens ultimately raise the tool. 

Its native $IDGN token will exclusively power the ecosystem activities. $IDGN will launch as a memecoin thanks to the massive adoption of this narrative in recent years. Last year, the memecoin ecosystem grew from a $20 billion market cap to $120 billion, representing a 500% growth within 12 months. 

$IDGN will go live on exchanges in 33 days and could become one of the best performers once that happens. 

While explaining how the tool works, the team pointed out that users feed the iDEGEN tool their data through tweets, tags, and comments. It absorbs the post and adds it to its knowledge base; that’s how it learns. Furthermore, iDEGEN posts on X every 60 minutes and can generate and post memes. 

$IDGN’s price hits $0.0133 as presale surpasses $17.5m

The $IDGN price continues to increase as the presale enters new stages. In the current stage, the iDEGEN token is going for $0.0133. with the price set to increase to $0.0146 in the next stage. In the last presale stage, $IDGN will go for $0.038, giving early investors a massive ROI before the token launches on exchanges. 

Upon the completion of the presale, $IDGN will list on centralised and decentralised exchanges. Data obtained from the iDEGEN website shows that $IDGN currently has 20,654 holders with an accumulated 11,991% return on investments. 

Why invest in iDEGEN now?

As a progressive presale, iDEGEN will give early investors excellent ROI even before the token hits exchanges. The impressive debut of $TRUMP and $MELANIA tokens on the Solana blockchain also shows the potential of memecoins in the crypto space.

iDEGEN could join this impressive list as soon as the token launches on exchanges in the coming weeks. As an early investor, this project could deliver excellent ROI once the $IDGN token starts trading. 

Last year, memecoins and AI tokens outperformed other narratives, and this could repeat itself this year. iDEGEN is combining the AI and memecoin narratives, increasing the odds of becoming a hit project once it launches.

The post $IDGN’s presale price hits $0.0133 as new stage kicks in appeared first on CoinJournal.