State of the Guild #58
By: Yorina Wouters
Tags: Dapps, Eos, Tron, Cryptocurrency, Trx

State of the Guild #58

Welcome back to another edition of the State of the Guild — where we round up all the most recent news from the BitGuild products that you love. Today we have more news about upcoming updates for GuildChat Mobile and we will give you a summary about the listings and events of the past few weeks on Trontrade. Keep on reading!

TronTrade

Your favorite exchange’s team has been busy reviewing listing candidates and hosting trading events. Let’s dive right in!

Over the past few weeks, the TronTrade team has been assessing potential listing candidates, with a total of 55 listing requests received, two of which met our requirements. One of the tokens selected was $MILK from the Score Milk team. Score Milk is a skill-based gaming ecosystem that allows gamers to test their abilities while allowing game developers to monetize their games. As you are used to seeing from TronTrade, we celebrated the listing with an awesome trading event with a total prize pool of 30.000 TRX & 10.000 MILK. The event was a success and the rewards have been distributed to the winners.

On the 25th of November, Justin Sun announced that the SR candidates of TRON approved two proposals which increased the resource costs of using the TRON blockchain exponentially. This means once a user doesn’t have enough energy/bandwidth, the user will pay 4 times more TRX (which will be burned) for the transaction. Unfortunately, this also affects us, and TronTrade can no longer cover all the costs involved in placing orders in our DEX. That’s why we highly recommend freezing TRX to obtain the necessary energy and bandwidth to avoid extra costs. We are already working on a solution to address this issue and will share it with the community as soon as it’s ready.

But that’s not all, soon we will have something to celebrate. TronTrade has been around for almost 2 years now and we will not let that go unnoticed. We will celebrate this together with our community, so make sure to join the TronTrade Telegram channel and keep an eye for upcoming annopuncements.

Summary of events on TronTrade:

Reviewed 55 listing requests and picked two potential listing candidate.

Listed the $MILK token from Score Milk on the 20th of November along with a Top 100 Traders event. Rewards have been distributed to the winners.

Hosted a BTC Price prediction contest in TronTrade’s Telegram channel.

GuildChat

As you already know, the GuildChat team has also been busy improving the beloved crypto app. In the past few weeks, the developers worked hard on integrating EOS on GuildChat Mobile. On the 4th of December, GuildChat released a new version for GuildChat Mobile, which allows users to create and import any EOS wallets and makes it possible for users to share EOS coin drops. The team continued to develop and test EOS Dapp integration and submitted a new version of GuildChat Mobile for review to Google and Apple on the 9th of December, and a day later the update was added to the app stores. So make sure update GuildChat, if you haven’t already done so.

The GuildChat team also completed the development of encrypted messages, which includes API server and SDK, along with a full product review for the upcoming versions of GuildChat. So what’s next? The Guildchat developers will focus on further testing the encrypted messages feature, optimizing the script, and making some necessary changes to the app architecture.

The marketing team has also been busy with rolling out GuildChat events to introduce new users to recently-updated GuildChat. ProBlockchain invited BitGuild to participate in an AMA in their Telegram, where users got answers to their most asked questions and could participate in the one and only BitGuild quiz to earn TRX. GuildChat also hosted an Article Contest with a total prize pool of 16.000 TRX and 100.00 PLAT. We were very pleased with the 7 articles submitted by our die-hard GuildChat users. The winner of the contest, Stephenz, did an excellent job in introducing the GuildChat app to a new audience. (You can read the article here).

In the upcoming weeks, more events will be hosted to introduce new users to GuildChat so stay tuned.

PLAT BURN

As every month, BitGuild used her revenue to buy back our token $PLAT. On the 1st of December 10 Million PLAT was bought back and burned. In total BitGuild burned now 861 Million PLAT generated from the revenue of all BitGuild’s current products: TronTrade, GuildChat & GuildWallet. The total supply after the burn is now: 8.592.679.263 PLAT. And the next monthly PLAT burn is scheduled for January.

That is all for this week’s State of the Guild. Be sure to come back in two weeks for more fresh updates and don’t forget to follow us on Twitter and Telegram.

BitGuild aims to bring blockchain and cryptocurrency adoption to the masses by providing compelling experiences that are easily accessible. Between GuildChat, our crypto social app, GuildWallet, the most user-friendly browser extension wallet, and TronTrade, our decentralized exchange, we’re firing on all cylinders to usher in a new age, changing the way people interact with their digital goods.