It is pertinent for blockchain ecosystems and DeFi projects to find common ground and focus on interoperability. A fractured landscape will not lead to the mass adoption of decentralized finance or cryptocurrencies. DuckDAO and TRON acknowledge something needs to change and enter a strategic partnership.
DuckDAO Sees Potential in TRON
As one of the many successful decentralized finance projects on the market today, DuckDAO wants to help up-and-coming projects achieve their maximum potential. By providing resources, marketing help, and a platform to raise money via token sales, the DuckDAO ecosystem is versatile and viable. However, building such a service on just one blockchain would be somewhat counterproductive and hamper the broader industry’s growth.
Initially developed on Ethereum, DuckDAO acknowledges the potential of building cross-chain support. For this reason, the venture has expanded to Binance Smart Chain and Polkadot previously. Ethereum’s current ecosystem is expensive to use for both projects and users, reducing the viability of what the team wants to provide.
Expanding the DuckDAO concept to the TRON blockchain will prove beneficial for both parties. In recent months, TRON has become home to several up-and-coming DeFi projects. Thanks to its low fees and faster transaction, TRON holds a viable position to process much data. More importantly, all TRON blockchain projects can join the DuckDAO community and benefit from its IDO capabilities to raise funds.
Through the Initial DEX Offering – or IDO – it becomes easier for projects to raise funds or sell their native token to interested users. IDOs …
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