Tron Announces Strategic Partnership with DAO Maker

Tron Announces Strategic Partnership with DAO Maker

Tron (TRX) blockchain and DAO Maker (DAO) incubator for project funding have announced that they will be partnering to allow for DAO services to be seamlessly accessible on the Tron network.

Also, the partnership will help Tron-based projects harness DAO’s massive fundraising base. Apart from fundraising opportunities, DAO helps blockchain projects gather solid and devoted communities as inevitable aspects of sustainable progress. This attribute is achieved through “social mining” instruments.

That said, resonating with Tron’s multi-million-person audience is the focus for DAO Maker development, particularly in the segment of decentralized financial applications (DeFi).

Meanwhile, DAO is a leading figure in the “string hold offering” (SHO) concept. The network capitalizes on-chain analysis, user activity data, and other crucial parameters to identify the best possible applicant for a project.

String hold offering is responsible for the allocation of most locked tokens. This feature helps the project select a suitable audience for a token offering.

Justin Sun, the founder of Tron, has praised the new strategic partnership, noting that:

“We are excited to be partnering with an industry leader like DAO Maker to bring cross-chain community incubation and fundraising to TRON.”

Key TRX Levels to Watch — April 23
Along with the rest of the cryptocurrency market, Tron recorded a massive decline over the past 24 hours on some announcement from the US President. The decline sent the cryptocurrency to its lowest point in about three weeks ($0.0899), shedding a whopping 50% since its debut at a new all-time high.

TRXUSD – Hourly Chart

TRX has posted a mild retrace from the crash and has climbed back above the $0.1 area, as bears lose their grip. Also, the twentieth-largest cryptocurrency appears to be revering from oversold conditions, indicating that a modest recovery is underway.

Meanwhile, our resistance levels are $0.1050, $0.1100, and $0.1150, and our support levels are $0.0950, $0.0900, and $0.0850.

Total Market Capitalization: $1.81 trillion

TRON Market Capitalization: $7.2 billion

TRON Dominance: 0.39%

Market Rank: #20

 

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Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.