TRON-based POPPY Reaches Hard Cap
Tron News

TRON-based POPPY Reaches Hard Cap

TRON-based POS system, POPPY has finally reached its hard cap!

Julian from the team wrote on Telegram on behalf of the team:

“I wanted to thank everyone for the amazing support we’ve seen over this past month.
We have closed poppy funding at the hardcap of 8,000,000 TRX and SEED tokens with more than 1600 backers.
The response has been truly amazing, its clear that the Tron community wants to interact with TRX in new ways including the retail space.
Opening this project to the community ensures the success of projects like these. Your involvement and continued dialogue in this process make this project robust. You are what makes the network what it is today, I am confident that with the backing of this community the project will have a significant impact into the future.
Thank you all for your support, I and the rest of the team are grateful for the opportunity to build this project and take a tremendous amount of pride in this.
In regards to total Tokens issued and Poppy tokens to be distributed:
Please see the sheet below with the details on contributions made and the Poppy tokens to be issued.
As we did extend beyond the Hardcap, some contributions will be returned to their originating address.”

As per their Medium blog:

“Poppy is a Point of Sale (POS) system with integrated Tron payment processing.
With the functionalities of Clover POS, Poppy will leverage a robust POS system to fully integrate retail sales to the Tron blockchain functionality.”

The blog then adds to it:

“Poppy will provide its customers an easy to implement Tron payment integration on the Clover POS platform. Enabling customers to purchase items in TRX or basic Tron tokens at the retail will provide the customer a more robust experience will significantly reducing the transaction fee’s of traditional credit based payment methods. Seamless in-store and online ordering for clients, and a minimal barrier to entry for vendors will immediately open tron to hundreds of thousands of retailers.”

Talking about how it would leverage the network:

“Leveraging the Tron blockchain, customers will enjoy the same retail experience they are used to, with the added benefit of accepting TRX and Tron Tokens. The point of sale will allow retail purchases utilizing Tron across a variety of methods including a wallet, Tron style Card “TronCard” or the Seedit platform and application. Seedit opens Poppy to social media by allowing twitter, telegram, Reddit and other platforms to act as viable payment methods.”

Discussing the community and the market impact, the blog said:

“By allowing seamless integration with the Tron blockchain, Poppy will enable customers to interact with retail in ways that do not currently exist in POS platforms today.
In addition to traditional payment methods (Visa/MasterCard/Cash), retail customers will be able to purchase goods and services by utilizing the blockchain in several ways including Social Media and the Seedit platform, Tron wallet transfers and the Poppy “TronCard”.”

Adding to it:

“Utilizing Poppy, a customer vendor relationship can bridge the point of sale and social media divide. Vendors may interface with their community by leveraging Seedit to provide discounts; complimentary items, “gift cards” and rewards on the blockchain, always visible to the POS.
The open nature of the distributed ledger facilitates an environment in which Vendor and Customer anonymity is possible, while still allowing vendors to reward loyal customers.”

Further adding to it:

“The greater community will have a truly interactive ecosystem in which to use TRX and Tron based tokens in ways no other cryptocurrency can offer today. The utility of the Tron Network can potentially offer a more robust use case in retail than other blockchains by leveraging social media channels and anonymous customer data mining on a fast, inexpensive network.”

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Syed Ali Mudassar
It was when he was pursuing his graduation in Computer Science that he found his flair for writing about new and existing technologies. He likes researching about technologies and how they could help people. Currently, he works as the Content Manager at CoinFrenzy, a leading blockchain news, and media publication website.