November 12th Weekly Terracoin Update — Constriction
I have been in the crypto game for at least a hundred and seventy crypto years and I feel like the cryptoworld goes through two phases: a constriction phase and an expansion phase.
What I am talking about is regarding the user base, apps, and sites available to the average user.
Ignore the price of everything for a minute and look at how many sites have shut down or are in the process of shutting down.
This is the constriction phase.
This phase mostly effects the average person and not big players.
It cuts off our ability to trade and our ability to use cryptos how they really should be used, which is an alternative to fiat currencies and a way to help the world.
The good news is that during the constriction phase the less reputable coins and sites fail and are removed from the cryptoworld.
The better news is that after the constriction phase is the expansion phase!
To address the constriction phase, there is a rumor the Magnum multi-wallet is shutting down at the end of the month.
I don’t have a link to share, but hopefully I will have one for the next Weekly Update!
On to the expansion part, we should be on the next version of Gemmer which is a new multiwallet, we are on the alpha version of Gemmer! If you want to check it out, then hit me up and I can send you a link and some test TRC!
Donation to the Philippines
The donations to the Philippines always gets pushed to the bottom of the Weekly update, but as part of the expansion of how cryptos should work…
We did it!
We got an amazing donation of 9123 TRC and with the matching (or even without some of it) we have hit the goal of $1400 USD.
Now lets just hope we got the money together quick enough to help the people we wanted to help.
The break down is below!
We currently have $110 USD donated and 14,000 TRC donated which doesn’t include Dreamer and my matching up to 10,000 TRC. Converting that TRC to USD at the current price that makes us at $992 USD in TRC.
And a total of $1,102 USD, and with the matching we should have an additional $700 USD in TRC, which is over our goal.
I am not sure if part of the donation was Dreamers matching, but I have hit him up to find out!
Whomever donated that massive amount of TRC it really hits the spot in this time of coronavirus and economic downturn. Thank you!
Lastly someone pointed out that Mercatox now requires 5000 votes to add a coin. I have added them back to the voting list below!
Voting
Graviex — https://graviex.net/listing_registers
Mercatox — https://mercatox.com/coins/list
Discoveries
Get your discoveries in!
Proposals
TRC Foundation Team Pay Proposal 4th Year
Numbers!
Thirty days ago, we were at 0.00000521 BTC (.0595 USD) and today we are at 0.0000433 BTC (.0710 USD).
A year ago, we were at 0.00000589 BTC (.0509 USD).
We are ranked 798 on CoinGecko with a market cap of $1,616,734 USD, and last week we were ranked 750 with a market cap of $2,170,594 USD.
Source for current price and market cap data: https://xplorenow.com/crypto/terracoin
Source for past data and rank: https://www.coingecko.com/en/coins/terracoin?utm_content=terracoin&utm_medium=search_coin&utm_source=coingecko
Enabled/Total Masternode count today is 1148/1697. Last week our enabled/total masternode count was 1166/1707.
Masternode Count Source: https://services.terracoin.io/
Terracoin Foundation Masternode Donations
1EGkZmxsUwczFen93WcrMvxAc3c5DWNGvg
Mattermost (This is The Terracoin Foundation’s primary forum)
https://mattermost.terracoin.io/
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https://www.youtube.com/terracoin
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