Tether To Replenish Tron Network With $1 Billion, Pomerdoge NFT Minting Goes Live
The post Tether To Replenish Tron Network With $1 Billion, Pomerdoge NFT Minting Goes Live appeared first on Coinpedia Fintech News
Tether (USDT), the world’s largest stablecoin, has been linked with replenishing the Tron network with $1 billion. Also, the crypto community is excitedly buzzing as the Pomerdoge NFT minting goes live. The project is also approaching a major milestone for its presale.
Summary:
- Tether has authorized but not minted $1 billion for replenishing the Tron network.
- The Pomerdoge NFT minting has gone live on the website, and OpenSea
- Pomerdoge is also closing in on raising $5 million in presale
Click Here To Find Out More About The Pomerdoge (POMD) Presale
Tether To Replenish Tron Network With $1 Billion
The popular on-chain tracker, Whale Alert, has unveiled $1 billion in Tether coin minted for Tron. Reacting to the report, the CTO of Tether, Paolo Ardoino, said the minted tokens will be used as inventory to “replenish” the Tron network.
The funds will be used for upcoming issuance requests and chain swaps from the Tron network. The FAQ page of Tether further explains that this is important to secure the generation and issuance process of tokens on Tron.
The process allows Tether to issue customers funds and maintain a 100% reserve instantly. Although more USDT will not be added to Tron, the network is one of the biggest chains for the stablecoin. In 2023, USDT coins on Tron have been steadily increasing.
Tron accounts for $42.8 billion of the Tether stablecoin in circulation. This is more than $39 billion circulating on the Ethereum network. USDT remains the biggest stablecoin, with a market cap of $83.1 billion.
Pomerdoge NFT Minting Goes Live, Closes in on Full Launch
In other news, Pomerdoge has set the meme coin space buzzing with excitement over the launch of its NFTs. On September 19, the team announced that the minting of the NFTs is now live. Users can now mint from the 7,777 unique NFTs on either the Pomerdoge website or on OpenSea.
There is much excitement about this collection as they are not traditional NFTs. The 7,777 NFTs consist of Common (6500), Rare (977), Legendary (295), and Specials (5). Each NFT holds a unique function within the Pomerdoge ecosystem. In addition, the floor price of the collection will start at 0.2 ETH per NFT.
The launch of the collection marks the beginning of the Pomerdoge ecosystem. Following the launch, the team will look to launch two more products in the fourth quarter of 2023. The additional products include a play-to-earn game (Pomergame) and a marketplace (Pomerplace).
The Pomergame has raised much attention as it seamlessly blends meme coin elements with P2E gaming. Players will enter this exciting virtual world with characters inspired by meme coins. The Pomerplace will act as a marketplace and an arena.
In the arena, players will compete against each other for rewards and rare collectibles. These items can also be sold or traded for real cash within the Pomerplace. The utility token that powers the ecosystem, POMD is now in presale. Investors can now buy a POMD token for $0.0165 before its projected jump to $0.25 in the fourth quarter.
Find out more about the Pomerdoge (POMD) Presale Today:
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
