Trittium — Weekly Report #18

December 16 to December 23

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1.- WHAT DID THE MARKET DO?

Finally, it seems that we found life, that there is still capital willing to invest in crypto.
At last, we can see a week with real growth.
Let’s hope it is not a temporary increase and we can look confidently at the $ 5,000 barrier.

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December 16 to December 23 total Market Capitalization

For the past seven days, market capitalization increased to 135,000 USD million, that is +32,17%.

The $BTC Dominance? It goes down to 52.30%, no alt season yet, but some alts like $ETH needed some fresh air.

MASTERNODES MARKET

Like a rocket, that is $Dash evolution last week, an incredible recuperation, from 531 to the present 765 USD million, that is an incredible +44%!!!!

With this incredible recuperation, $Dash dominance increase to 58,78% from last week 55,92% dominance. This is an excellent data for $Dash world, but we need to exam the other masternodes capitalization to understand trittium market behaviour.

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Total Masternodes market, 1,285 USD million.

$Dash market capitalization: 765 USD million.

Masternodes market excluding $Dash: 520 USD millions.

Masternodes market excluding $Dash past week: 425 USD million.

So, Trittium market grows to 520 USD millions, that is a +22,35%. As we can check, it is less than $BTC or alts market growth, but it is a starting point.

With 251,566 nodes running, about 1,000 less than the past week and more nodes running, what we get is a higher USD average price for masternodes.

2. WHAT DID TRITTIUM DO?

The same as last week, Trittium seems to be the new stable coin, as continues in the same market capitalization, around 450,000 USD, actually at USD 467,548. If we pay attention to the coming rewards halving, we can realize that the community keeps faith in our project.

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About price and market orders, this is what we have:

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Let’s have a look at the order book:

This was the order book on December 16:

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And this one is today, December 23:

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In summary:

  • The average trade price is lower, around 110–130 sats

What can we think about the actual situation? If we keep in mind that rewards halving is today, and ROI will be lower and lower, only real believers are here for the long run.

Roi will also be increased with trttNodes fees and shared rewards among investors.

In this situation, only those who understand the project and its long-term potential remain as investors. The Trittium potential is tremendous, and that is what most of our community knows. It’s not about ROI, it’s about raising the value of the currency, and that will happen, and it will be soon.

3. PROJECT PROGRESS.

The week has been intense, and we have had a lot of news, let’s start with a summary of the project status.

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Loan platform: Still waiting for the license, we will resend the documentation. On Monday, in less than one month they should give it to us.

trttNodes, reasons to create the platform: Once that license is delayed, we could wait and send developers home or develop something that will start trittium consumption, with this we will get our community growing and we will achieve great exposure for Trittium. Also, we add value to trittium and future uses.

  • On December 17, we burned 317.000 $trtt. 200,000 from dev fee and 117,000 from remaining pre-mine.
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  • As promised we started to give back to our investors 50% from fees generated by trttNodes platform. As it was from our first week, we had not too many coins to share, but 25,000 $trtt was distributed among our trttNodes investors.
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  • Sometimes we find projects that are a must for our community, or we think they must be listed because of their potential or other reasons. In this case, we will list $POLIS and $ALQO.
    Also, we will ask our community what projects must be listed, and we will create a budget to buy a node from these projects and list them.
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  • Trttnodes platform, in only 15 days got 400 nodes running!!!!
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As you can see, Trittium team is working hard to get more exposure to our project and increase community size. At the same time, we will make some money to pay devs and lawyers.

Thanks for trusting us!!!!

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Tritium is a revolutionary intermediary platform that allows for fast and easy peer-to-peer loans backed by crypto collateral.

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