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Cryptocurrencies/Coins/Tracto (TRCT)
Tracto price, market cap on Coin360 heatmap

Tracto(TRCT)

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?
? SAT
Market Cap (Rank#1021)
?
? BTC
Vol 24h
?
? BTC
Circulating Supply
26,913,041
Max Supply
?
6 days agozycrypto
FTX Resumes Payments to Employees And Contractors Pending Bankruptcy Hearings
FTX has resumed post-bankruptcy payments to employees worldwide days after they were halted following a chapter 11 bankruptcy filing in the US.
7 days agocryptodaily
FTX Resumes Salary Payments After Weeks Of Uncertainty
Beleaguered cryptocurrency exchange FTX and affiliated companies have announced the resumption of employee salary payments and benefits. However, the payments will exclude former CEO Sam Bankman-Fried, and other senior executives, including Gary Want, Nishad Singh, and Caroline Ellison. FTX Finally Resumes Salaries And Benefits FTX’s new CEO, John Ray III, has announced that the bankrupt exchange will be resuming ordinary payments, salaries, and benefits to its remaining global employees. The announcement was made on the 28th of November as the seasoned insolvency specialist looks to help FTX and its affiliated companies through the bankruptcy proceedings. The new FTX CEO, in his announcement, stated, “With the Court’s approval of our First Day motions and the work being done on global cash management, I am pleased that the FTX group is resuming ordinary course cash payments of salaries and benefits to our remaining employees around the world. “FTX also is making cash payments to selected non-U.S. vendors and service providers where necessary to preserve business operations, subject to the limits approved by the Bankruptcy Court.” The announcement by FTX comes after FTX debtors had filed a motion in the Delaware Bankruptcy Court on the 19th of November to pay pre-petition compensation and benefits to employees and contractors. However, the petition excluded payments to former CEO Sam Bankman-Fried, and executives Nishad Singh, Gary Wang, and Caroline Ellison. Relief For Employees The announcement is significant as it means the remaining employees and contractors will receive three weeks’ pay. The pay was halted after the exchange filed for bankruptcy on the 11th of November. The new CEO acknowledged the hardships imposed on the employees and contractors and thanked them for their patience and support. “We recognize the hardship imposed by the temporary interruption in these payments and thank all of our valuable employees and partners for their support.” The relief will consist of cash payments owed to employees and workers at FTX trading and around 101 affiliated trading companies since the bankruptcy filing. Additionally, it will also consist of payments to be made to vendors and service providers. Others Still Await The resumption of payments and salaries will only apply to some FTX subsidiaries and other related companies. In the Bahamas, only the employees of FTX Debtors will be eligible to receive any sort of relief. However, those employees working for FTX Digital Markets will not receive any for the moment. This is because FTX Digital Markets are subject to separate liquidation proceedings in the Bahamas, where the cryptocurrency exchange is headquartered. The relief will also not apply to any Australia-based employees and contractors for FTX Australia and its subsidiary, FTX Express. Both are subject to separate bankruptcy proceedings ongoing in Australia. Process Could Take Significant Time FTX had announced on the 22nd of November that it had been granted interim and final approvals for all “First Day” motions related to its bankruptcy filings. After the announcement, the CEO stated that he hoped the motions would fast-track efforts to reimburse other stakeholders impacted by the collapse, such as users and creditors. The CEO also suggested a potential buyout of FTX assets could benefit stakeholders. However, some insolvency lawyers have warned that the process could take years, given the sheer scale and complexity of FTX and its subsequent collapse. According to documents filed as part of its Chapter 11 bankruptcy proceedings, FTX Trading alone owes $3.1 billion to just its top 50 creditors. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
7 days agocointelegraph
FTX resumes employee and contractor payments after weeks in limbo
The payments will exclude former FTX CEO Sam Bankman-Fried, and certain former execs including Gary Wang, Nishad Singh, and Alameda's Caroline Ellison.
17 days agocryptodaily
Kutee Kitties- The First Kitties NFTs That Will Save the World from Plastics to Be Released Soon
Kutee Kitties is a typical collection of non-fungible tokens NFTs, but one with a strong mission– to save the world from plastic. With such an innovative aim to accomplish, Kutee Kitties will be released in the second week of November. The Kutee Kitty NFT project was born with the awareness of how plastic has pervaded the air, the ground, water and vegetation and so much so that it is now within us too. The project will breathe a new life into plastics polluting the oceans by creating usable items from recycled plastic. About Kutee Kitties The Kutee Kitties collection consists of 10,000 NFTs with over 100+ different traits to create a ‘rare’ and uber-cool Kutee Kitty. The rare attributes will be depicted in the NFTs metadata and will be displayed with other NFTs featuring that specific attribute.The team members explain in their white paper, “Technology has fashioned our world into a global village, and one of the biggest and growing marketplaces in this village is the world of NFTs.” Thus, Kutee Kitty's goal is to be something larger and more significant than a simple collection of tokens. Six phases of the Kutee Kitty Project: The first phase includes mining of NFTs at 0.03 ETH and the collection will be launched on the secondary market, OpenSea. With this, the project will also release themed t-shirts made entirely from recycled material. The second phase includes launching of a 3D cats collection with more monetary rewards, travel donations for the holders. Additional batches of t-shirts and hoodies (made from eco-friendly materials) will be released, with 50% of the proceeds going to charity for the cause of conserving our oceans and 50% to the holders. The third phase includes the launching of a YouTube channel, with demonstrations of all the charitable initiatives adopted globally. As the project members embark on a global trip, they will plant many trees. Also, 50% of the channel's proceeds will be donated to charity, while the remaining 50% will be redistributed to holders within the community. The fourth phase includes launching a proprietary e-commerce for sustainable products and/or made with recycled material. The e-commerce will be a passive income system, and will be run using the store's earnings. 20% of the revenues from this e-commerce will be returned to NFT holders every month. The fifth phase includes funding a project called, Kanesis, which will produce novel bioplastics from hemp and other agricultural waste. Perks of Membership: The first 100 members will be whitelisted who have their profile pictures of the Kutee Kitty NFT. Whoever wins their extraction will be gifted ETH. 5 members of the whitelist will get a trip to a natural place paid for by the team. A $ 10,000 CONTEST To win the prize of $10,000 in ETH, participants will have to make a video in which they demonstrate that they have improved the environment by planting a tree, growing flowers, adopting a needy animal, and creatively reusing plastic. 10 lucky winners will be chosen at the end of the contest, and the top reward is $10,000 in ETH!Note: The contest is initially for NFT holders for the first phase, but will be later open to everyone. Mission: The mission of the Kutee Kitty NFT project is to create non-polluting materials, like T-shirts from recycled plastic. The platform will also tap into great investments to create innovative materials. The project attempts to use trashed plastic from land and oceans to create rare and valuable NFTs. Each Kutee Kitty's revenue will be reinvested back into the project to pay for contractors to get rid of junk or plastic remains from the land and seas. The used plastic will then be sent to an expanding network of recycling facilities. The more Kutee Kitties are sold, the more money will be invested in plastic cleanup and recycling initiatives. The project also intends to inspire other projects to come up with such cause-centric long term goals as the project uses self-sustaining strategies with positive and attainable ripple effects. Note that NFT holders will earn 20% of investment revenue in funding any programmer involving environmental preservation. Website: https://kutee-kitty.vercel.app/ Discord: https://jo.my/discordkk Instagram: https://jo.my/igkk Twitter: https://jo.my/twitterkk Sito: https://jo.my/sitokk Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

About Tracto

The live price of Tracto (TRCT) today is ? USD, and with the current circulating supply of Tracto at 26,913,041 TRCT, its market capitalization stands at ? USD. In the last 24 hours TRCT price has moved ? USD or 0.00% while ? USD worth of TRCT has been traded on various exchanges. The current valuation of TRCT puts it at #1021 in cryptocurrency rankings based on market capitalization.

Learn more about the Tracto blockchain network and how it works or follow the price of its native cryptocurrency TRCT and the broader market with our unique COIN360 cryptocurrency heatmap.

Tracto Price? USD
Market Rank#1021
Market Cap? USD
24h Volume? USD
Circulating Supply26,913,041 TRCT
Max SupplyNo Data
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