Featured TrueChain listed on ZBX
Blockchain Island, Malta, has been packed with activities in the last weeks, from the authorization of the first VFA agents and the opening of the Chiliz Blockchain Campus, to the official launch of the ZBX headquarters in Portomaso Tower and the buzzing Malta AI & Blockchain Summit on May 23-24. The fact that VFA agents are now operational in Malta means that the jurisdiction is moving beyond the hype and is now ready to process license applications. The well-timed ZBX office launch held on May 16th was inaugurated by no less than Minister Silvio Schembri, whose remit holds all blockchain and crypto-related matters of the Maltese government.
Following the grand launch, the cryptocurrency exchange ZBX can now announce that Truechain (TRUE) has gone live for trading on their platform.
“TrueChain is the first public blockchain aiming to solve the ‘impossible triangle’ of speed, scalability and decentralization. With 1200-1900 TPS it is a hundred times faster than Euthereum while being more decentralized than EOS. This is the kind of token that we are keen to list on our exchange,” says CEO Dave Pulis.
TrueChain, as described on their website, is committed to be the next generation of blockchain infrastructure. It is the world’s first public chain adopting the fPow+ PBFT hybrid consensus with a strong global open source developer community supporting it. TrueChain provides the underlying public blockchain support with high performance and high security for decentralized application (DApp) and global asset circulation.
Its genesis block was mined on the 30th of March 2019 and has already reached one of the top 100 market caps. On CoinMarketCap, it is currently ranked at 84th place and has more than 150,000 token holders worldwide. By listing at ZBX, TrueChain is allegedly seeking to find a growing user base in Europe for their token.
More info: https://zbx.com/
TrueChain is now announcing the launch of a USD PAX-backed token on TrueChain (TRUE) in June this year. PAX is allegedly the world’s first regulated USD stablecoin issued by Paxos Trust with the approval of the New York Department of Financial Services.
The TrueChain-based PAX is a TERC-20 token on TrueChain’s main net and will enable smart contract programming on TRUE, faster transactions on TRUE’s decentralized blockchain infrastructure, an extremely low transfer fee, and full transparency.
The TrueChain based PAX stablecoin will also allow TRUE-based Decentralized Applications (Dapps), TRUE-based on-chain assets and TRUE-based protocols to add fiat pegged currencies on TrueChain’s main net.
Users will be able to deposit via Paxos’ portal or through APIs. Specific guidelines will be released by TrueChain prior to the launch in June 2019.
The entire supply of PAX is backed by USD at FDIC-insured U.S. banks. PAX is under monthly audits by a nationally-ranked top auditing firm and is always redeemable one-to-one with USD.
“TrueChain is committed to be the next generation of blockchain infrastructure. It is the world’s first public chain that implemented fPow+ PBFT hybrid consensus and has a strong global open source developer community supporting it. TrueChain provides the underlying public blockchain infrastructure with high performance, security for decentralized application (DApp) and global asset transaction,” says Eric Zhang, TrueChain’s CEO.
TrueChain is tradeable on ZBX, a recently launched exchange based in Malta.