07 Sep 202016:08
Cryptomeda AMA Recap
Myko (CryptoDiffer)Hello, everyone!😁
We are glad to meet here:
David, ThunderCore Developer
DavidHi everyone! It's my pleasure to be here today! ⚡️
Myko (CryptoDiffer)Welcome David, thank you for taking your time today!
DavidThanks for having me!
Myko (CryptoDiffer)Our team has prepared 3 questions for you to start with
Let's start with the introduction
Q1: Can you introduce yourself to our community?
Hi everyone, I am David from ThunderCore⚡️ Before joining ThunderCore, I developed hot and cold wallets in a Crypto exchange, then did algorithmic trading in traditional finance
Thanks for the answer
Q2: Can you introduce ThunderCore to us?
ThunderCore is an open, decentralized and high-speed: 4000TPS(transactions per second) public blockchain⚡️
ThunderCore is compatible with the Ethereum Virtual Machines (EVM), which means that developers could port their applications to ThunderCore in minutes💻
ThunderCore has the world's leading consensus algorithm developed by top researchers from Cornell University, MIT, CMU and more. ThunderCore uses Proof of Stake (PoS). The algorithm has been mathematically proven secure by top peer-reviewed conferences in Cryptography🔐
We have one last question before we transfer to the community part
Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?
Let me briefly introduce the history of ThunderCore and milestones first:
In 2017, ThunderCore was founded by top academics and experts in the industry with the goal to build a next-generation decentralized public blockchain. ThunderCore raised $50 million USD to build a fast, secure and scalable Blockchain platform. Investors include Pantera Capital, Huobi Capital, MetaStable, Zhen Fund, Arrington XRP Capital, FBG Capital, etc.
In March 2019, ThunderCore’s mainnet went live, and the team has since focused on realizing our vision and building out the ecosystem🏗️
In March 2020, ThunderCore’s mainnet was upgraded to the PaLa consensus algorithm, which pushed performance to a whole new level: 4000TPS(transactions per second)⚡️
In 2020, ThunderCore launched TT Mining, which can be accessed from the ThunderCore Hub mobile app📱, and gradually reached a peak DAU of 60K around March of 2021📈
We’ve also most recently reached an all-time high of users in the 📱ThunderCore Hub mobile app🎉 In the month of March, we have reached a Monthly Active User(MAU) of 530K, a record high!📈
In March 2021, ThunderCore Bridge, our flagship interoperabiliy product added support for Binance Smart Chain (BSC)🎉 allowing assets to be easily transferred across ThunderCore, Ethereum, Binance Smart Chain (BSC)
In May 2021, ThunderCore also integrated with Filecoin to expand DeFi services:
And just yesterday, ThunderCore and Huobi Eco Chain (HECO) have reached strategic cooperation. Soon, ThunderCore Bridge will officially support HECO’s cross-chain services, establishing mutual interoperability between the two blockchains!🎉
So the ThunderCore team has been working really hard on providing a variety of DeFi services, enabling better cross-chain interoperability, as well as supporting gaming, NFTs and all categories of DApps🚀
In terms of upcoming plans, the ThunderCore team will continue to focus on DeFi as a core pillar in the DApp ecosystem💱
At the same time, we will continue to build on the great work the team has done on the interoperability front as well, to support more assets and more ecosystems
So stay tuned!👀 More exciting news and development is always on the way⚡️
Thank you for detailed answer!
Q4: What does ThunderCore think of DeFi?
As we've discussed above, DeFi is a core focus for ThunderCore
The ThunderCore team believes that, in order to truly realize the vision of Decentralized Finance, a high-performance and cost-effective public blockchain must be the cornerstone of such development. And ThunderCore is perfect for that ⚡️
To truly realize the potential of DeFi, we need to both onboard non-crypto users and attract existing crypto users. We have detailed ThundeCore’s existing DeFi landscape and outlined our vision in the following blog post:https://medium.com/thundercore/thundercores-defi-landscape-and-future-vision-9bbe67548b5c
Cryptodiffer CommunityHi! ⚡️
One of the recent partnership announcement of Thundercore is with NFT Dapps. Is that mean ThunderCore is planning to implement NFTs in its system? How will this partnership contribute to the growth of Thundercore project?
DavidQ1: Glad you've noticed that ThunderCore has been rapidly expanding it's presence in the NFT space👀
Being a secure, high-performance, EVM compatible public blockchain, ThunderCore empowers a multitude of DApps in varying categories. NFT applications undoubtedly have a strong presence within the ThunderCore ecosystem. ThunderCore has been collaborating with industry leaders to create an environment where NFTs can thrive and be used to unlock unlimited potential for artists, creatives, and collectors alike🎨
Several NFT projects have been released on the ThunderCore blockchain, ranging from an innovative NFT marketplace, collection and art pieces from artists for good causes, and events partnered up with a leading crypto exchange🚀 Here’s an overview:
Cryptodiffer CommunityCan you tell us if there is any way to earn passive income just by holding your token? Especially in TTMining, is high experience in cryptocurrencies required to generate profits or is it easy to use for everyone?
DavidQ2: A great DeFi question!
There's a variety of ways you could earn passive income by holding TT
The most popular one is TTMining, which is one of the most popular DApps in the ThunderCore Hub mobile app ⛏️
Another option is to become a liquidity provider on TTSwap: the largest decentralized exchange on ThunderCore, and you can earn transaction fees! More details here: https://medium.com/thundercore/thundercores-defi-101-how-to-earn-transaction-fees-on-ttswap-as-a-liquidity-provider-b074998c03ab
If you are willing to be a little bit more active, you can also participate in a variety of quests in the ThunderCore Hub mobile app, and there's plenty of daily rewards you could claim🎉: https://www.thundercore.com/thundercore-hub/?utm_source=cryptodiffer&utm_medium=telegram&utm_campaign=210729ama
Cryptodiffer CommunityI read that ThunderCore has a product called ThunderCore Bridge. What are the features of this product and what benefits does it bring to your platform? What are its advantages over similar products on the market?
DavidQ3: A great question on interoperability🌐
So ThunderCore Bridge🌉 is the easiest way you can transfer your assets between ThunderCore and the broader crypto ecosystem. Currently ThunderCore bridge supports Ethereum and Binance Smart Chain(BSC)
Also since we've just announced our partnership with Huobi Eco Chain (HECO) , you bet there will be more features coming to ThunderCore Bridge soon, stay tuned! 👀
Cryptodiffer CommunityMany investors want to start in the world of cryptocurrencies with very low capital and it is in most cases inaccessible due to the high cost of fees. Can you tell us the percentage that will be charged in commissions on your platform? Do you have a program to attract new users to your platform?
DavidQ4: Great question as well! So in the case of TTSwap, actually ThunderCore itself doesn't charge any fees! The 0.3% fees actually goes to the Liquidity Providers, that's why one strategy is to become a Liquidity Provider on TTSwap and earn transaction fees from users using the exchange: https://medium.com/thundercore/thundercores-defi-101-how-to-earn-transaction-fees-on-ttswap-as-a-liquidity-provider-b074998c03ab
As of right now, the APR on a lot of pairs on TTSwap is very competitive👀 You don't want to miss out!
You may access TTSwap either from the ThunderCore Hub mobile app📱, or directly visit the site: https://ttswap.space/?utm_source=cryptodiffer&utm_medium=telegram&utm_campaign=210729ama
Awesome, those were some great questions!
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