- [TNC] Trinity-Scalable NEO Blockchain Tech ( Available on Kucoin)
I. About Trinity
Trinity, found online at Trinity.tech, is an off-chain scaling scheme for NEO similar to the idea behind Lightning Network (for bitcoin) or Raiden (for Ethereum).
Trinity is like the Lightning Network for NEO. The goal is to create an off-chain scaling scheme offering real-time payments, low transaction fees, and privacy protection for NEO assets.
In other words, Trinity will use state channel technology to significantly increase blockchain throughput for NEP-5 token transfers.
The name of the payment platform comes from The Matrix. Obviously, both Neo and Trinity are characters in The Matrix.
Trinity completed its ICO in early January 2018 and now available on Kucoin exchange( https://news.kucoin.com/en/kucoin-lists-trinity-tnc/ ).
Have a look at the video below to see that pretty much explains the entire Trinity project
II. How Trinity Network Credit(TNC) Scalable NEO Blockchain Tech Works
Basically the Trinity (as well as Raiden or Lightning) network is an off-scaling solution. That means basically that you move your funds into a smart contract between two people, and you can make as many transactions back and forth between them until the contract is closed. This is useful, for example, if it isn’t necessary to record every transaction on the blockchain. Instead, it allows you to bundle and batch them, and only periodically write the end result to the blockchain. Perhaps some platforms will do this once every few minutes, others may do it once a day.
This allows for, for example, a Decentralized Exchange to exist that doesn’t charge the blockchain transaction fees for every trade you make, but instead only charges a fee once: when you open the payment channel. Once you are done trading, and close the channel, the contract would write the end result to the official blockchain and perform the necessary transactions. All your trades would be compiled into 1 single transaction. There are many more implementations that become possible, from gambling and gaming to identity solutions. Basically everything that requires micro-transactions.
III. ICO Information
Token Sale Ended (14 January)
- Ticker: TNC
- Token type: NEO Blockchain
- ICO Token Price: 1 TNC = 0.0600 USD
- Fundraising Goal: 20,000,000 USD
- Sold on pre-sale: 6,666,000 USD (Price for pre-sale and mainsale will be same)
- Total Tokens: 1,000,000,000
- Available for Token Sale: 33,33%
TNC token price 14/02/2018 (on Kucoin): $0.2
Returns since ICO: 3.25xUSD — 5.00xETH — 5.05xBTC
Trinity was founded by David Yiling Li (Founder). Other key members of the team include Guangfeng Zhang (Co-Founder) and Fengping Yi (Co-Founder).
David Yiling Li is the former Antshares (NEO) overseas manager who led the Antshares global token sale campaign in 2016. Co-founder of FourierPR, China’s top marketing and consultancy firm for crypto-economy projects. Fourier’s clients dominate coinmarketcap top 100 list; in association with FBG. Founder of Rai Stone Media site inwecrypto.com, multi-asset wallet InWe Wallet and two ecosystem companies of Trinity Network.
Guangfeng Zhang Expert of security and blockchain. Guangfeng has more than 15 years of experience in technology development.
Fengping Yi Government Affairs Specialist on Blockchain, rich experience in public sector and blockchain business development. Joined China Ethereum community in 2015 and had been working on blockchain industry’s affairs with the Government.
VI. Rating 4.5/5
This is no wonder, though, as the project is backed by serious developers, advisors and core team members. This is a promising project which certainly has bright future ahead of itself. TNC will bring mass adoption for blockchain in the future.
NEO Address: AdQkUjAEcHxtyYxHvgafPcLopoeDd4PDo4
- Date of publication:
- Tue, 02/13/2018 - 21:27
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