After more than six months of dedicated efforts, ThunderCore is thrilled to share the exciting progress of the ThunderCore 2.0 upgrade. As a Proof-of-Stake (PoS) blockchain, ThunderCore is committed to ensuring network security and decentralization through staking its native token, $TT. Today marks a major achievement as we celebrate a staking ratio of 1,092,293,917 TT, demonstrating the increasing trust and backing from our community. Join us as we explore some of the key highlights and updates of ThunderCore2.0.
Surpassing 10% Staking Milestone: Community Trust and Network Strength
Our ecosystem has witnessed an impressive staking ratio of 1,092,293,917 TT, surpassing the 10% milestone. This accomplishment reflects the unwavering trust and dedication of our community. By actively participating in staking, our community members not only earn passive income but also contribute significantly to network security, propelling ThunderCore towards a stronger decentralized network.
Advanced User Interface
ThunderCore is committed to promoting the widespread adoption of blockchain technology. As a PoS blockchain, it plays a crucial role in educating the community about participating in PoS to enhance network security and achieve greater decentralization. One way to enhance this is by simplifying the staking process through a unified interface accessible to all users, regardless of their level of cryptocurrency experience. Whether you’re a novice or already hold TT, our team offers various avenues for you to engage and participate.
Acquiring $TT and engaging in PoS staking has become more convenient than ever with an enhanced user interface. Users now have multiple options to purchase $TT, including credit cards, decentralized exchanges (DEX), or centralized exchanges (CEX), all accessible directly from the consolidated PoS Staking page. As we further enhance the PoS staking page, we are committed to adding additional features such as validator/delegator status, multi-language/region support, and a $veTT utility guide to provide users with comprehensive information and references.
Additionally, we have introduced banners to promote our ecosystem partners who have integrated $veTT into their protocols, providing users with flexible asset management capabilities.
The Versatile Utility of the $veTT Token
You will receive $veTT tokens after staking in PoS Staking, from this process, you will have been part of the ThunderCore PoS Staker to govern and contribute to ThunderCore blockchain with the following utilities of $veTT.
- Community Proposals and Engagement
With the $veTT token, everyone in the ThunderCore community can raise proposals in SnapShot and make proposals to the ThunderCore team. Once the proposal has gained community attention, we will take it into consideration properly. The ThunderCore team values all the opinions from our community.
- Multiple Utilities of $veTT
With ThunderCore integrating with more DeFi projects, $veTT has acquired additional utilities, positioning itself as one of the most valuable and flexible assets within the ThunderCore ecosystem.
Here are some other ways to maximize its potential than just holding it for interests:
- By holding $veTT, you can deposit it into Ram Protocol, a third-party dApp, as collateral. This feature enables you to engage in lending and borrowing activities, giving users a better way for asset management. On the other hand, you can also collateral stable coins into Ram and borrow $veTT to earn PoS rewards safely.
- Additionally, $veTT can be effortlessly traded on SushiSwap using the $veTT/$TT pair. This feature allows you to convert $veTT to $TT promptly, bypassing the need to wait for the PoS Staking unstaking process. Similarly, you can also exchange $TT for $veTT, transforming yourself into a PoS staker and actively participating in securing the ThunderCore network.
It is crucial to bear in mind that when utilizing SushiSwap for trading, you should consider potential slippage rates from the pool as well as transaction fees. Consequently, the amount of $TT received may be marginally lower compared to unstaking from PoS.
*Please note the information regarding the products or projects mentioned in this article do not offer financial advice. We recommend you to do your own research before engaging in any activities or participating in them.
In our commitment to openness and collaboration, ThunderCore is dedicated to making its data open-sourced for developers to contribute. You can access the latest information and updates on the ThunderCore blockchain by visiting our GitHub repository at https://github.com/thundercore/thundercore-chain. Here, you will find comprehensive details about our ongoing efforts to enhance the Pala consensus protocol, making it more accessible and conducive for building and creating. Join us on this exciting journey of exploration and development!
The ThunderCore 2.0 upgrade signifies our unwavering dedication to the growth and development of our network. We express our gratitude to our community for their ongoing support, and we look forward to achieving new milestones together. Stay tuned for more updates as we continue our journey toward a more secure and decentralized ThunderCore ecosystem.
ThunderCore is a powerful and ultra-fast Web3 ecosystem and layer-1 chain that delivers elite performance and cost-effective scalability for thousands of crypto projects. Its proof-of-stake (PoS) architecture and strong developer support provide a battle-tested home for the next generation of crypto builders to create in Web3, DeFi, NFTs, GameFi, and the metaverse with limitless scope.
You can learn more about ThunderCore over on our Medium Blog.