March 2023 marked saddening news for the digital currency network Tron. The US Securities and Exchange Commission sued Justin Sun, the Chief Executive Officer at Tron, over allegedly promoting and selling Tronix (TRX) and BitTorrent (BBT) tokens. The SEC believes the two innovations are regarded as unregistered securities. The new blockchain technology innovations are critical as they are verified and Audited before entering the crypto markets.
For instance, Bitcoin Spark is an inauguration in the virtual currency universe aiming to provide multiple means of generating revenues to investors. The new platform has a high due diligence checkup that conforms to high standards of security in the ledger technology. Continue reading this guide to comprehend the functionality of Bitcoin Spark and how Justin Sun can learn from the network.
Justin Sun’s net worth,
Justin Sun is the CEO and owner of Tron, a digital currency network. The Tron CEO is also considered to hold considerable amounts of cryptocurrencies. Justin Sun’s net worth is pegged at around $200 million, according to Google search. His wealth emanated from various strategic projects he has conducted.
TRX Price
Digital currency analysts believe that TRX might plunge amid the crypto winter. The reason behind the extreme plunge lies in the wrangles Justin has with the SEC. The CEO is reported to be introducing projects that are considered unregistered securities, according to the financial watchdog.
Bitcoin Spark Considered a Teacher to Crypto
The Web3 community has always offered various initiatives that have gained traction, making vast individuals generate revenue. However, there is a deep yearning for a new entrant that will completely switch the dimension of how citizens view the distributed ledger technology. Bitcoin Spark, the latest project, targets promoting blockchain technology with valuable features that exhibit transparency and efficiency. The platform’s roadmap has a complete setup that depicts progress from the start towards the launch period.
Bitcoin Spark is a cutting-edge crypto innovation that aims to provide multiple means of generating revenue. The platform has two distinct revenue sources: advertisements and renting CPU/ GPU processing power. The validators/miners offer processing power to the platform. Individuals and organizations then utilize the computational power to perform specific tasks, including running simulations and shared resource servers.
Participants who would like to use the processing power will send BTCS as payment. The revenue acquired from the processing power will be allocated to mining rewards for network validators and miners.
The team will take 3% of the revenue for their income and maintenance. Another method of generating revenue is through advertisement. Bitcoin Spark’s website and application will be used for brand promotions. The promotion will be based on an elastic mechanism based on supply and demand, meaning the charges will significantly fluctuate as the community members increase.
When the demand is high, the price for an advert will surge, and the time allocated will reduce. Additionally, when the demand lowers, the price will also lower, and the time allocated for the ad will increase. In addition, the network encourages its participants to partake in the project, as there is a voting mechanism for adverts that don’t meet the standards and regulations of the community. Those who contribute to the voting system are given portions of the paid amount as tokens of participation.
The project is currently in its fourth phase of the ongoing presale. The price peg of BTCS, the native token, is $2.25, a low price yet to explode upon mainnet release. Individuals who purchase the token will be given a 10% bonus for each purchase. They will also have a launch profit of 489% during the release of the token, taking place on 30th November, when the price of one BTCS will be $10.
Learn more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
Source: https://www.analyticsinsight.net/could-justin-suns-tron-network-learn-something-from-btcs-the-most-promising-bitcoin-fork-to-date/