Tron has a new competitor in the field of entertainment with the emergence of TaTaTu, a cryptocurrency focused exclusively on the media field. TaTaTu came into the limelight due to a 323.19% increase last week. The meteoric rise was attributed to the recent adventures of the coin in integrating the blockchain with the media field.
At the time of writing this article, TaTaTu was trading at $ 0.73 with a market capitalization of $ 71.311 million. The currency also has a market volume of $ 240,196. The week ended with the price of altcoin rising exponentially. Reports suggest that the price spike is in sharp contrast to the bear market, where prices have been declining for a week.
TaTaTu will only provide premium video content, providing a new, secure brand environment. The cryptocurrency-based platform also offers users the opportunity to earn premium viewing premiums and share their advertising revenue in a fair and transparent manner.
The platform will reward users for enjoying movies, music and games and participating in the platform. The TaTaTu platform will be monitored and separated to ensure that brands are comfortable and secure in positioning. The more content an individual or organization brings to the platform, the more revenue they earn, the company says. The blockchain solution of TaTaTu provides full transparency on how exactly the content generates revenue for all parties.
Company officials said:
"Token TaTaTu has sold over $ 575 million of its currency through an initial coin offering (ICO), making it the third largest coin offering, behind at Telegram and EOS, respectively, known as the TTU token, the currency is the central exchange unit of the entertainment blockchain, and all proceeds from the private sale will go to finance the technical development and growth of the customer base of the company. "
TaTaTu is trying to enter a field dominated by Tron, where the latter has acquired BitTorrent and uTorrent to establish a dominant point of support in the entertainment sector. The acquisition of BitTorrent has made the partnership the world's largest decentralized ecosystem.
Justin stated that the main reason the company targeted BitTorrent was due to its policy of "democratizing the Internet". He also went on to say that politics was the single most important thing that went ahead with the agreement, with the additional benefits of acquiring the 100 million BitTorrent users and enhanced business benefits.
Tron's CEO added that Tron's policies and work are reflected in the "Decentralize the web" adage. He also praised BitTorrent calling it the biggest hit in the era of decentralization.
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