the Security-Token-Platform Swarm and the Tron Foundation have announced their collaboration. Swarm would allow investors on the Tron-Blockchain, to acquire a Security Token using a TRX or USDT-TRON.
By Christopher clover
11. April 2019BTC$5.045,00 -3.60%part Facebook Twitter LinkedIn xing mail
Security Token Offerings were so far mainly the domain of the Ethereum block Chain. On the basis of the Ethereum Token-Standard ERC20 a hand-formed full of other Standards. These Security Token Standards are tailored specifically to the tokenization of the value of assets.
Blockchain-agnostic Security-Token-Expertise
Now wants in on Ethereum competitor Tron in the business with the tokenized Assets. Swarm – this is the Name of the cooperation partner, the the Tron Foundation on 10. April on your Medium Blog presented. There Tron-founder and BitTorrent says CEO Justin Sun:
Swarm is one of the leading providers of digital investment in infrastructure, and the decision to take over the TRON-Blockchain, will propel our efforts to make distributed Finance to the next big step for the Investment Community,
Swarm comes even without a Token. SWM is the Name of the platform’s own token, which is it – what was once for TRX – a ERC20-based (SRC-20) tokens. Swarm and the SWM-Token migrated from a private Mainnet on the Ethereum block Chain. TRX was the opposite way.
The SWM-Token plays a fundamental role for the Functioning of the Swarm-platform:
SWM in the Swarm master node fired, the SWM is used by all issuers (irrespective of the Blockchain, and your Security Token), and SWM is used to direct the future of the Swarm,
Swarm member Chris Eberle describes the features of the Token, its course was recorded in the Wake of the announcement a couple of strong double-digit growth.
cooperation, Migration
It is not for the time being can be assumed, however, that with the Expertise of the Swarm, the SWM basin in the Tron-will keep the Blockchain. At least the speech is not in any of the respective notices. Nevertheless, the cooperation with Tron could provide for an increased demand for SWM. However, this is dependent on the concrete design of cooperation. Both Blog posts refer to the reincarnation of the stablecoins Tether as TRC20-Token. USDT-TRON should be part of the collaboration, said Chris Eberle:
We are pleased to inform you today that we will work together with the Team of Tron, in order to bring Security Token to the Tron-Blockchain and to expand the versatility of your TRX – and USDT-TRON-crypto-currencies, to be used for investments in Security Token used.
In the communication from the Tron Foundation USDT-TRON takes up even more space than the actual announcement:
The Issuer will be able to, Security Token on the Blockchain from Tron, and there is investors allow to use TRX and USDT-TRON for the purchase of Security tokens,
it’s about Swarm CEO Philipp Pieper quote. As SWM is the TRX course is located in the – although much weaker – on the rise.
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