Singapore, Singapore, 18th July, 2022, Chainwire
WeFund will be operating in the TRON ecosystem providing crowdsourced launchpad and incubator alternatives for the community. WeFund’s platform will be able to support a wide range of ecosystems and projects as it evolves into a multichain system.
“We are eager to join forces and be a part of TRON’s movement to decentralize the web,” said Andrea Bello, CEO at WeFund. “Launching on TRON will expand WeFund’s reach, providing a wider variety of tools for growing projects and allowing communities to devote more of their resources to initiatives in areas they enjoy.”
TRON is a decentralized, open-source Layer 1 blockchain protocol with smart contract functionality and a delegated proof-of-stake consensus mechanism, established by H.E. Justin Sun in 2017. The TRON blockchain’s smart contract and decentralized application (dApp) capabilities allow for integrating other tokens and products. WeFund provides incubation and networking support, alongside development and all-around 360° assistance to help projects succeed.
Benefits of Multichain System
- Community building
- Collaboration of project creators and new communities
- Ability to deliver more high-quality projects to the WeFund community
- Diversified resources from the various advantages different ecosystems provide
What WeFund will bring to the TRON ecosystem
- Incubation service to assist projects and teams in the community
- As a community and crowdfunding-oriented project, WeFund gives anyone the possibility to invest in early projects
- Deliver a launchpad for the community with safeguards to minimize risks through WeFund’s smart contract milestone system
About TRON DAO
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of July 2022, it has over 102 million total user accounts on the blockchain, more than 3.5 billion total transactions, and over $10 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.
WeFund is a multichain community crowdfunding incubator for blockchain and real-world projects. WeFund can incubate and crowdfund diverse blockchain and real-world projects, bridging the gap between the real world and blockchain. In addition to this, WeFund is being developed to be a 360-degree incubation service for projects hosted on the WeFund platform through support and guidance before, during, and after funding has been completed.
- Feroz Lakhani