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- TRON users globally will get to enjoy all of DuckDAO’s services, and DuckDAO gets all of TRON projects as they become a part of the DuckDAO community and IDO.
- TRON’s better scaling options and much lower transaction fees are the main reasons behind DuckDAO choosing TRON.
- DuckDAO’s developments on multi-chain platforms will set an example for the upcoming DeFi projects.
The rising popularity of continually evolving decentralized finance (DeFi) space has fueled drastically increased competition levels in the ecosystem. So to take on the significant challenges, many blockchain networks are forging new partnerships. And one such prominent collaboration is the community-based digital asset incubator DuckDAO’s partnership with TRON, the blockchain-based decentralized operating system.
TRON Presented with Great Opportunities
TRON effectively maintains its position as a major layer for DeFi services and products, and given the strategic partnership with DuckDAO, will be able to avail new opportunities to millions of its users. However, this isn’t just a one-way gain, as the treaty will benefit both ends. All the DuckDAO induced services will be enjoyed by the global TRON users, and simultaneously, TRON projects will be imparted under the DuckDAO community and IDO.
DuckDAO Broadening its Stance:
The decentralized incubator acknowledges and helps promising projects unlock their full potential, by leveraging the investments, and is not limited to just one chain. Presently, the community spans Ethereum, Polkadot, Binance Smart Chain, and now TRON. The TRX-token powering blockchain’s relatively better scaling options and much lower transaction fees, as compared to expensive Ethereum, are the main reasons behind DuckDAO choosing TRON.
As is pretty evident, multi-chain or specifically cross-chain DeFi solutions isn’t a much-explored field. Presently, bridging platforms require new coding designs that along with establishing inter-system linkage, also ensures uninterrupted switch and access to the full potential of the products and services provided on both. DuckDAO’s developments on such are successfully setting an example for the upcoming DeFi projects.
Benefits of the Collaborating Halves:
The collaboration makes all the under-development projects on TRON a part of the DuckDAO community and DuckDAO’s technologies also permit them to launch Initial DEX Offerings (IDOs). TRON projects, to raise capital by selling tokens, can make great use of the increased legitimacy and broader interest offered by DuckDAO’s IDO solution.
DuckDAO’s expertise, marketing power, and financial resource support to the crypto startups at their early-stage, play a major role in the mainstream adoption of the DeFi industry, and TRON views for internet’s decentralization pass it as a good fit to help DuckDAO’s vision.
To Bring the Change:
The first generation of digital products and applications has produced many great ideas that are still. However, the developments and collaborations suggest the DeFi industry still has a long way to go. And to achieve that, exploring multi chains and overcoming their obstacles, mostly technical restraints, seems their utmost priority.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
