Fintech PR
Justin Sun and Crypto Influencers Share Insights on SunPump’s Rise and Future: Positioned to Reshape the Meme Market
SINGAPORE, Aug. 27, 2024 /PRNewswire/ — SunPump has garnered significant market attention within just ten days of its debut. The market cap of its flagship project, Sundog, a meme coin built on TRON, has surpassed $200 million. The platform now boasts 20,000 daily active users, the popularity of which is rapidly increasing and is on track to catch up with Pump.fun.
From August 20 to 22, Justin Sun, founder of TRON and a member of the HTX Global Advisory Board, engaged in in-depth discussions with leading crypto influencers and representatives from meme projects including SunDog, SunCat, Sunwukong, FOFAR, and SunRats in X Space. They discussed the future of SunPump and the potential of the meme sector.
SunPump’s Role in the Crypto Space—High Risk, High Reward
Justin Sun had been vigorously promoting SunPump through social media channels. During a recent X Space discussion, he offered a clearer perspective on how SunPump integrates into the broader cryptocurrency ecosystem.
“TRON supports a three-layer architecture. The first is the widely recognized stablecoin payment tier. As a leading stablecoin payment platform, TRON surpasses both Ethereum and Solana in daily revenue. The second is the DeFi layer, which provides relatively stable yields. The third, SunPump, is essentially a product of the maturity of DeFi and blockchain performance, focusing on high-risk, high-reward investment opportunities.”
Justin Sun highlighted that the meme coin sector remains in its infancy, with many promising projects undervalued. TRON adopts a long-term approach, concentrating on the gradual development of a solid infrastructure and the continuous improvement of user experience to accommodate all users.
Regarding the rivalry with Pump.fun on Solana, Justin Sun stated that SunPump is well-equipped to engage in a direct showdown.
Firstly, an excellent team. The SunPump team has carried out extensive research into the meme market, thoroughly analyzing the needs and preferences of current meme investors while accurately predicting the potential user base. Their profound understanding of memes ensures they deliver top-notch products. Furthermore, The teams behind top meme projects demonstrate strong technical prowess and impressive innovation capabilities.
Secondly, the liquidity support. With over $60 billion in stablecoins issued and more than 2 million daily active users, TRON significantly outperforms Solana. The high trading volume of USDT and TRON’s large user base provide substantial liquidity for the meme market on TRON.
Thirdly, the community support. SunPump has benefited from strong community support, particularly from Asia, which has given it a solid user base.
Lastly, the commitment to enhancing infrastructure. SunPump has established partnerships with prominent crypto companies, including DWF Labs, and anticipates further collaboration with additional ecosystem builders in the future. The platform is eager to engage with more communities and partners to drive the global expansion of SunPump.
Next Moves for SunPump: Enhancing User Experience, Project Quality, and Market Cap
With the meme coin sector heating up and competition becoming more intense, users are increasingly concerned about how SunPump will keep its popularity.
Justin Sun revealed SunPump’s follow-up plans: (1) Improving user experience. This involves improving the trading experience, reducing transaction fees, and increasing platform exposure. (2) Attracting more high-quality projects. SunPump aims to bring more premium meme projects to TRON, which will inject vitality into the platform and contribute to its market capitalization growth. Currently, SunPump is valued at $1.1 billion. (3) Boosting market caps of projects. SunPump will support high-quality projects with the necessary funding, technological support, and resources to boost their market capitalization. A notable increase in market cap signifies a project’s strength and recognition. Achieving a market cap of over $1 million signifies that a meme coin has successfully moved beyond the incubation stage.
Justin Sun highlighted that trust and reputation are crucial for the success of meme coins rooted in culture and consensus. He expects that, with the right approach, meme projects on TRON could achieve a market cap of $1 billion in the future.
Witnessing the Golden Age of meme coins While Avoiding Rug Pulls
Many public blockchains use their flagship meme coins to attract attention and liquidity to their ecosystems. However, with the meme market having thrived for months, it requires courage and extensive planning to develop a new platform for issuing and trading meme coins.
Lovely, a special guest on Space, has pointed out that Poloniex and HTX are both paying close attention to meme coins, because they’re less reliant on Bitcoin’s market performance, making them good investment targets to weather the bull and bear markets.
“Unlike the previous two bull markets, this one has seen a more dispersed market capitalization for meme coins. Many small-scale projects have proven to be highly profitable. Concurrently, the duration for which meme coin market capitalization has exceeded $50 billion has been prolonged, indicating a more stable and enduring meme market. As the overall cryptocurrency market continues to expand, meme coin market capitalization is expected to exhibit a similar growth trend. Besides, the notable increase in the growth multiples of meme coin market capitalization not only underscores the strong profitability of meme coin issuances but also suggests that there may be even greater profit potential in the future. Therefore, the next 2-3 years are anticipated to remain a golden age for meme coins. “
Lovely stated that SunPump has fueled and tracked the industry’s development. Meanwhile, Poloniex and HTX will offer more accessible market-making and monitoring tools to provide enhanced one-stop support services for meme projects.
Josephine, the head of SunPump, stated that TRON and SunPump are committed to fully supporting outstanding meme projects in terms of funding, traffic, and technology. However, given the prevalence of rug pulls in the meme market, they will implement rigorous audits and investigations to ensure maximum protection of user assets. Josephine also noted that, given the relatively small scale and early stage of both the TRON meme ecosystem and SunPump compared to Ethereum and Solana, this is an optimal time to enter. Keeping a close eye on new projects launching on SunPump could be the key to discovering the next big wealth opportunity.
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LYON, France, Sept. 19, 2024 /PRNewswire/ — After an intense week of competition, the 47th WorldSkills Competition has officially wrapped up, marking the end of a thrilling journey for 1,400 young professionals from around the globe. For four days, participants representing nearly 70 countries and regions competed fiercely in 59 diverse skill areas, transforming Lyon’s Eurexpo into a vibrant hub of craftsmanship and international talent.
From day one, the atmosphere was charged with energy as competitors showcased their expertise in sectors ranging from Manufacturing and Engineering to Fashion, Digital Technology, and Healthcare. The level of dedication and precision demonstrated throughout the week was a testament to the profound commitment these young professionals have to their trades, as well as their determination to showcase their nation’s worth on the global stage.
Last night, the closing ceremony of WorldSkills Lyon 2024, held at Groupama Stadium, brought the event to an emotional close with the announcement of medalists in each skill category. Four medals were awarded in each skill: Gold Medal, Silver Medal, Bronze Medal, and the Medallion for Excellence. This ceremony underscored the core belief of the WorldSkills movement: excellence is found in diversity – diversity of profiles, backgrounds, expertise, and techniques.
The list of medalists is now available. Visit https://worldskills.org/what/competitions/worldskills-lyon-2024/#results to discover the winners!
What’s next?
The impact of WorldSkills Lyon 2024 extends far beyond the event itself. As the competition unfolded, and millions of people followed it in person or through media, WorldSkills Lyon 2024 spotlighted the crucial role of vocational education in today’s world and in shaping our shared future. By celebrating excellence, the competition highlighted the incredible ability of youth to drive the change our world needs through their energy and dedication. The legacy of this event lies in every vocation it has sparked and every future career it has inspired. This 47th edition has once again shown the world that where there is skill, there is a way.
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Fintech PR
Touchless Vending Market Size to Grow USD 42330 Million by 2030 at a CAGR of 13.3% | Valuates Reports
BANGALORE, India, Sept. 19, 2024 /PRNewswire/ — Touchless Vending Market is Segmented by Type (Food and Beverage Vending Machines, Mask Vending Machine, Toy Vending Machine), by Application (Shopping Mall, Street, Hospital, Traffic Station): Global Opportunity Analysis and Industry Forecast, 2024-2030.
The Global Touchless Vending Market was valued at USD 19800 Million in 2023 and is anticipated to reach USD 42330 Million by 2030, witnessing a CAGR of 13.3% during the forecast period 2024-2030.
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Major Factors Driving the Growth of Touchless Vending Market:
The touchless vending machines market is seeing rapid growth, driven by rising demand for hygienic, contactless solutions post-pandemic, especially in public places such as shopping malls, traffic stations, and hospitals. The ability to offer convenience and reduce human interaction has made these machines popular in food and beverage, personal protective equipment (PPE), and even toy vending. Technological advancements in contactless payment systems and smart inventory management further boost adoption. However, high initial investment costs may slow market growth, especially in developing regions.
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TRENDS INFLUENCING THE GROWTH OF THE GLOBAL TOUCHLESS VENDING MARKET:
Food and beverage vending machines are highly popular in locations such as hospitals, shopping malls, and traffic stations, where consumers demand quick, hygienic access to snacks and drinks. These machines, equipped with touchless payment systems, Employee Background Check Software Market have seen increased adoption due to the convenience and enhanced hygiene they offer. In addition to traditional snacks and drinks, there is a growing trend toward healthier, premium food options in these vending machines, catering to health-conscious consumers, which further drives demand in this segment.
In shopping malls, vending machines are increasingly being used to provide convenience to shoppers, offering products ranging from snacks to toys and hygiene products. Touchless vending machines are particularly appealing due to their ability to cater to consumers who are looking for quick, contactless purchasing options while shopping. The presence of vending machines in high-traffic areas within malls ensures steady usage, and as malls look to enhance customer experiences, more advanced, interactive vending solutions are likely to be adopted.
Mask vending machines gained significant traction during the COVID-19 pandemic and continue to be relevant in hospitals, airports, and other high-traffic areas. These machines offer a convenient, touchless way for people to access face masks and personal protective equipment. While demand for masks has decreased slightly post-pandemic, the continued emphasis on public health and hygiene in high-risk locations ensures that these machines maintain a stable presence. Additionally, mask vending machines are being repurposed for other hygiene products, extending their utility.
Toy vending machines are commonly seen in shopping malls and entertainment centers, offering children and families a fun, convenient way to purchase toys. These machines are especially popular in high-traffic areas such as malls and family-friendly environments, where they offer an added entertainment element. Recent trends show a shift toward integrating digital elements, such as mobile apps and touchless payment options, into toy vending machines, enhancing the user experience and making these machines more interactive and appealing to younger audiences.
In hospitals, vending machines play a crucial role in providing essential items like snacks, beverages, and personal protective equipment (PPE), including masks. Touchless vending machines, in particular, have become more popular in healthcare environments due to their ability to reduce physical contact, thereby minimizing the risk of disease transmission. These machines are strategically placed in high-traffic areas, such as waiting rooms and cafeterias, ensuring that both staff and visitors have easy access to essential items without leaving the hospital premises.
Vending machines in traffic stations, including airports, bus terminals, and train stations, are seeing increased demand as more travelers seek convenient, contactless solutions for snacks and beverages during transit. Touchless vending machines are particularly favored in these locations due to their ability to offer quick, hygienic services to large numbers of travelers. With the growing number of people using public transportation, vending machines equipped with smart technology and contactless payment options are expected to become a staple in these locations.
Touchless vending machines are also becoming a common sight on streets and in other public spaces, providing convenience for passersby. These machines offer quick access to a variety of products, including food, beverages, and even hygiene items, such as masks and sanitizers. The convenience of contactless payment and minimal human interaction aligns well with the growing consumer preference for self-service, especially in outdoor environments. The installation of vending machines in streets and public spaces is expected to continue rising, driven by urbanization and consumer demand for 24/7 access to essential goods.
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TOUCHLESS VENDING MARKET SHARE
The Asia-Pacific region dominates the touchless vending machines market, driven by the high adoption rate of vending machines in countries like Japan and China, particularly in public spaces such as traffic stations and shopping malls. North America and Europe also show strong demand, especially for food and beverage vending machines in hospitals and other high-traffic areas. The Middle East and Africa are emerging markets, with increasing investments in smart city infrastructure and public health initiatives that support the adoption of touchless vending machines.
Key Companies:
- Digital Media Vending International LLC
- AusVendGroup
- AMS Group, Inc.
- LuxDisinfect
- Aeguana
- Vendekin
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
– Contactless Touch Technology market was valued at USD 986.4 Million in 2023 and is anticipated to reach USD 1422.1 Million by 2030, witnessing a CAGR of 5.4% during the forecast period 2024-2030.
– AI-Powered Checkout market was valued at USD 217 Million in 2023 and is anticipated to reach USD 681.6 Million by 2030, witnessing a CAGR of 17.5% during the forecast period 2024-2030.
– Hospital Vending Machine Market
– Capsule-Toy Vending Machines market is projected to grow from USD 351 Million in 2024 to USD 635.8 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 10.4% during the forecast period.
– The global Digital Process Automation market is projected to grow from USD 7215.7 Million in 2024 to USD 11770 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period.
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Fintech PR
Savl Rebrands to Unity Wallet and Launches Loyalty Program, Boosting User Experience and Value
Known for its exclusive tools and unique features, Unity Wallet delivers the most comprehensive self-custodial crypto wallet and Web3 experience, for seamless and secure DeFi management.
LONDON, Sept. 19, 2024 /PRNewswire/ — Savl, the self-custodial crypto and Web3 wallet that combines industry-leading encryption, unique functionality, and intuitive design has rebranded to Unity Wallet, signifying a new era for the project.
With a mission to unlock DeFi’s potential for everyone, Unity Wallet promotes broader self-custody adoption through an intuitive, user-friendly design paired with industry-leading encryption and security.
Launched in 2020, Unity Wallet operates in over 100 countries and has generated more than 1 million wallets. Its innovative features set it apart, including a built-in social community, sub-accounts, staking, WalletConnect, encrypted messenger, and the unique Know Your Transaction (KYT) function, which allows users to assess risks on wallet addresses, protecting against fraudulent activities and ensuring a safer self-custodial crypto and Web3 wallet experience.
Further expanding its offerings, Unity Wallet now actively rewards its users through its recently launched loyalty program. Rewardable actions include buying, selling, swapping, sending, staking and socially engaging with other users. Points can then be used to progress through program tiers, reduce transaction fees, enjoy up to 50% cashback on cross-chain and DEX swaps, and be redeemed for additional sub-accounts, KYT checks, unique perks, and 24/7 dedicated support.
James Toledano, Chief Operating Officer of Unity Wallet, said, “Since its inception, our mission has been to simplify access to crypto. As the crypto landscape has evolved, so has Unity, leading to this rebrand and marking a pivotal point in our journey. Our new name reflects our commitment to providing a unified, accessible, and empowering user experience for all. The loyalty program is a key step towards this vision, designed not only to reward our community but also to drive the broader adoption of decentralized finance and enhance user experience and value.”
Unity Wallet can be downloaded via the Apple App and Google Play stores. For more information on the loyalty program visit https://www.unitywallet.com/loyalty-program.
About Unity Wallet
Unity Wallet is a self-custodial crypto and Web3 wallet that combines industry-leading encryption, unique functionality, and intuitive design. Launched in 2020 as a solution to the fragmented nature of existing wallets, Unity Wallet is a sleek alternative to complicated experiences. It operates across 100+ countries, with an impressive track record of 1,000,000 wallets generated. Its innovative features set it apart, including a built-in social community, encrypted messenger, and its unique Know Your Transaction (KYT) function, enabling users to conduct risk assessments on wallet addresses to safeguard against illicit activities. Unity Wallet safeguards user assets with a robust set of security measures, including a 24-word recovery phrase, anti-theft pin codes, and optional FaceID authentication, all powered by cutting-edge cryptographic algorithms and protocols. With its comprehensive suite of services, users can effortlessly engage in buying, selling, and storing over 250 cryptocurrencies, as well as cross-chain and DEX swapping across 100s of trading pairs, along with the ability to stake assets and create multiple sub-accounts for optimized asset management. Unity Wallet also facilitates the purchase of everyday products and services in over 190 countries using cryptocurrency, while its advanced WalletConnect integration grants access to the Web3 world and thousands of decentralized apps (DApps).
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