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Freight Railroad Revenues to Bounce Back in 2021

US rail freight revenues are forecast to advance 4.7% per year in nominal terms through 2025, according to Freight by Rail: United States, a report recently released by Freedonia Focus Reports. Continuing expansion in manufacturers' shipments and growth in US trade activity will drive demand for rail freight transportation. In addition, output of chemicals and allied products, one of the most profitable railroad cargos and a leading product shipped by rail, is projected to rise 1.0% annually in real terms to 2025. Production of motor vehicles in volume terms, another high-profit cargo item for rail carriers, is projected to increase 4.7% to 2025. However, faster gains will be prevented by falling volumes of coal handled, which will decline 1.7% through 2025.Get more news about Freight Railroads,you can vist our website!

US revenues for rail transportation support activities are forecast rise 5.9% per year to 2025. Ongoing gains in rail freight activity will boost demand for support services. Furthermore, regulations will continue to drive outsourcing to support providers, such as those ensuring PTC compliance.
These and other key insights are featured in Freight by Rail: United States. This report forecasts to 2021 and 2025 US freight railroad revenue in nominal US dollars as well as volume hauled in ton-miles. A ton-mile represents one ton of freight carried one mile. Total revenue and volume are segmented by carrier type in terms of:

To illustrate historical trends, total revenues, total volume, the various segments, and trade are provided in annual series from 2010 to 2020.Revenues for railroad freight support activities are also forecast to 2021 and 2025, and provided for the 2010-2020 historical period.

Total revenues for the US freight transport industry for the 2010-2020 period are also provided and segmented by mode in terms of truck, rail, pipeline, water, and air.Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction.

Flex Films Releases New Soft Touch BOPET Film

Uflex’s Flex Films division has developed an innovative bi-axially oriented polyethylene terephthalate (BOPET) film with a unique velvet and luxurious surface at its manufacturing plant in Elizabethtown, Kentucky. The new soft touch film, FLEXPET F-STF, exhibits exceptional scratch, heat and scuff resistance, which has been a serious need in the industry for flexible substrates. The surface is self-healing from most scuffing and is durable. Get more news about Soft Touch Pvc Films,you can vist our website!

“If we scratch the surface of this film, it won’t be scratched,” notes Steven Sargeant, GM of technology at Flex Films. “Soft touch is rendered through a robust surface coating in combination with a proprietary inline anchor coating on the base polyester film. It is this combination which imparts unique properties of self-healing, toughness and durability along with the soft texture. This effectively increases converters’ yield as they generate less scrap and have less customer rejections or other associated issues.”

Adds Vijay Yadav, business head, Flex Films: “The film has superior tactile properties. In addition to a soft surface that is heat and water resistant, the film exhibits improved scuff resistance along with ultra-low gloss and robustness superior to commodity matte surface films. All polymeric films tend to stick to themselves. This adhesion is termed as 'blocking.' In the case of our soft-touch film, this isn’t an issue to worry about at all. Through the combination of base film and off-line coating design, we have been able to avoid blocking and improve durability of the soft touch at high processing speeds. This, in turn, leads to higher production throughput. The film is thinner than previous low-quality solutions currently available on the market. This clearly decreases material costs of the end-use packaging at brands’ end.”

5 Best Door Locks for Apartments and Renters

According to FBI statistics, residential properties are more likely to be burglarized than businesses, and 63% of all burglaries result from forcible entries.1 With statistics like that, it’s essential to have apartment locks you can trust.Get more news about Brass Padlock Bunnings,you can vist our website!

The Defender Security Lock boasts an affordable price and strikes the perfect balance between temporary and permanent use. Installing it takes just four screws, which means uninstalling it leaves only four small, easy-to-fill screw holes behind. Even better, it can withstand up to 800 lbs. of force, and there are no keyholes to be picked.

We reviewed the top locks on the market, keeping your varied security needs in mind. The Defender Security Lock may be the best overall pick, but read on for insight on specific needs like portability, keyless entry, smart locks, and deadbolts.
The small and discreet–but effective–Defender works much like a door blocker. When it’s in the locked position, it rests in a slot and can withstand up to 800 lbs. of force. To unlock it, you slide it up and swing it out.

There are no keyholes that can be picked, and unlike a swing latch or chain, it doesn’t allow your door to open even a crack, so it can’t be tampered with. At under $10, it’s also easy on your wallet.

It fits most exterior doors, but it’s probably not a great choice if your apartment door fits snugly in its frame, as you might have to chisel out a chunk of the frame to get the security lock to fit. Our research showed that some of these locks come with rough, sharp edges that might require some filing down.

Users also say that the lock loses functionality if you’re using it to lock the door several times a day for more than a year.2
Known as the “original portable door lock,” the Addalock is the easiest, lowest impact item on our list. It works like a door blocker, but it’s held in place at the existing strike plate on your door, so there’s no drilling or changing out hardware.

Like the Defender Security Lock, you’ll need to make sure there’s enough room between the strike plate on the door frame and the edge of the door itself for the Addalock to slide through.

Most complaints from customers were about this lock not fitting their entrance doors, so it’s worth the extra time to ensure a good fit.3If you like the idea of a hands-free, keyless door lock for your apartment, then the 3rd generation August Home Smart Lock is the easiest way to get it. A total of 252 Amazon reviews mention its easy installation.4

If you have a single-cylinder deadbolt on your door (keyhole on just one side, not two), you simply upgrade it with the August Smart Lock by replacing your standard thumbturn with the battery-operated smart device.

The bluetooth lock lets you lock and unlock the door using your phone’s bluetooth connection, and if you have it synced to a Wi-Fi-connected hub like an Echo or Google Assistant, you can even operate it remotely.
The Kwikset Single-Sided Deadbolt has a thumbturn on the inside for you, and a solid blank plate for everyone on the other side of the door. It sends a clear signal to intruders that there’s no picking your lock, since there’s no keyhole to pick.

It’s ANSI grade 3 rated, which isn’t the highest quality, but it’s designed to work with most standard strike plates. It’s an ideal choice for shared rental properties that need to be locked off from other tenants.

Why Do Many People Choose Copper Aluminum Heat Sink?

The copper aluminun heat sink is more corrosion resistant, and the long service life is the real benefit. The copper-aluminum composite heat sink is a high-efficiency and energy-saving heat sink developed in accordance with the development needs of the market. Its appearance can be varied and can meet different consumer consumption concepts. Copper-aluminum composite heat sink will become the leading new type of heat sink for a long time in the future due to its outstanding anti-corrosion performance, applicability of GF, better heat-price ratio, higher value retention rate and beautiful appearance. Why are copper-aluminum composite heat sinks more expensive but there are still many people choosing them?Get more news about Aluminum Round Heatsink,you can vist our website!

Both economical and decorative

Due to the very good thermal conductivity of copper and aluminum, the heat dissipation capacity of copper-aluminum composite heat sinks is much higher than that of heat sinks of other materials, and its heat-to-price ratio is also much higher than that of heat sinks of other materials. Because copper and aluminum are both non-ferrous metals, and their value increases with time, the preservation rate of copper-aluminum composite heat sink is also much higher than that of other materials.

Strong comprehensive mechanical properties

Aluminum alloy profiles are widely used because of their high strength, good water and air tightness, good thermal conductivity, exquisite appearance, and easy processing. In particular, its good thermal conductivity has been valued by many heat sink manufacturers in recent years.

Strong resistance to alkaline water corrosion

The copper-aluminum composite heat sink is manufactured using advanced patented hydraulic expansion joint technology with internal flanging. The precise process parameters can completely eliminate the gap between the copper tube and the aluminum profile tube. The header pipes and radiating pipes through which the copper-aluminum heat sink heat medium flows are all red copper pipes, which have strong corrosion resistance. Therefore, it has good corrosion resistance to alkaline water. It can have a corrosion resistance period of more than 50 years. Under this condition, there is sufficient leeway, and the service life of the heat sink can also be guaranteed to be more than 30 years.

Wide range of applications

The custom aluminum heat sink is a composite of copper pipes and aluminum profiles. The aluminum profiles and steel pipes are expanded by high-pressure expansion through special equipment to make them tightly combined. Several columns are assembled and welded, and functional decorative parts are assembled on both sides to form a plate-type copper-aluminum composite heat. sink. Compact structure, beautiful and fashionable appearance, easy to clean, light weight, high pressure, good heat dissipation effect, durable, suitable for all heating systems.

Wave Soldering Machine Market Size is Estimated to Grow with a CAGR of 1.7% During 2021-2026

Global Wave Soldering Machine Market size is projected to reach USD 215.1 million by 2026, from USD 194.4 million in 2020 is anticipated to grow with a healthy growth rate of more than 1.7%During 2021-2026.Get more news about Wave Soldering,you can vist our website!

Global “Wave Soldering Machine Market" 2021-2026 Research Report is a professional and in-depth study on the current state of the Wave Soldering Machine industry. It provides key analysis on the market status of the Wave Soldering Machine manufacturers with best facts and figures, meaning, definition, SWOT analysis, expert opinions and the latest developments across the globe. The Report also calculate the market size, Wave Soldering Machine Sales, Price, Revenue, Gross Margin and Market Share, cost structure and growth rate. The report considers the revenue generated from the sales of This Report and technologies by various application segments and Browse Market data Tables and Figures spread through 121 Pages and in-depth TOC on Wave Soldering Machine Market.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.The objective of the study is to define market sizes of different segments and countries in previous years and to forecast the values to the next Five years. The report is designed to incorporate both qualify qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers and restraining factors which will define the future growth of theWave Soldering Machine market.

Global Wave Soldering Machine key players include ITW EAE, Shenzhen JT Automation Equipment Co., Ltd., Kurtz Holding GmbH and Co. Beteiligungs KG, TAMURA Corporation and SEHO, etc. Global top five players hold a share about 48 percent in 2019. Base on the application, the consumer electrics are the largest application, have a share over 40%. In terms of product type, the compact wave soldering machine is the largest segment, occupies for a share about 60% in 2019.

The Worldwide Market for Wave Soldering Machine size is projected to reach USD 215.1 million by 2026, from USD 194.4 million in 2020, at a CAGR of 1.7% during 2021-2026.

This report focuses on Wave Soldering Machine volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Wave Soldering Machine market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Japan, China, Southeast Asia, India, etc.

The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.Report further studies the market development status and future Wave Soldering Machine Market trend across the world. Also, it splits Wave Soldering Machine market Segmentation by Type and by Applications to fully and deeply research and reveal market profile and prospects.

Anyang Manufacturer Supply Steelmaking Deoxidizer 75 Ferro Silicon

We aim at the achievement of a richer mind and body and also the living for silicone spreader, silicone oil, Block Silicone Oil For Polyester. The internal management of our enterprise is scientific and the quality requirements meet the export standards. Our company is sincere and has a good reputation, which is trusted by domestic and foreign merchants. In our trade with merchants of several countries, we often adhere to the principle of equality and mutual advantage.Get more news about Acrylic Deoxidizer,you can vist our website!
Introduction: The agricultural silicone osmosis agent RH-208 has super spreading, permeability, high efficiency internal suction and conductivity, and resistance to rainwater erosion. It can greatly reduce the surface tension of water, quickly moisten the surface of plant leaves and insect body, and promote the rapid expansion of effective components, infiltration, absorption, water saving and efficiency, save money and labor. Additives for spraying foliage sprays for pesticides, fungicides, herbicides, plant growth regulators, foliar fertilizers, biological pesticides and other agrochemicals. It has strong penetration and rainwater resistance, and saves 30% to 50% of pesticide consumption.

Add to the biological pesticide spray mixture liquid such as herbiside, fungicide insecticide, foliar-fertilizer, plant growth regular to increase effect, especially apply for systemic pesticide.

Application and Uses:

The agricultural silicone permeation agent RH-208 can be used in the spray mixture of pesticides, fungicides, herbicides, foliar fertilizer, plant growth regulators and other biological pesticides. It is especially suitable for internal sucking agents.
Usage method：

1. Use of bucket mixed spray

Generally, 5 grams of agricultural silicone osmotic agent RH-208 (4000 times) is added to every 20 kilograms of spray liquid, and mix evenly. If we need to promote the absorption of internal absorption pesticides, further improve the efficacy of pesticides or reduce the amount of spray, we should appropriately increase the amount of RH-208. In general, the dosage of plant growth regulator is 0.025%-0.05%, the amount of herbicide is 0.025%-0.15%, the amount of insecticide is 0.025%-0.1%, the fungicide is used for 0.015%-0.05%, and the amount of fertilizer and trace elements is 0.015-0.1%.

When used, first dissolve the pesticide, add 80% water and mix it evenly, then add the agricultural silicone osmotic agent RH-208, then add the mixture of 100% water. It is suggested that when the agricultural silicone synergist RH-208 is used, the water consumption is reduced to the conventional 1/2 (recommended) or 2/3. The volume of the unit area can be reduced to the conventional dose of 70-80%, and the smaller aperture nozzle is used, and the spray speed is speeded up properly.

2. Use of pesticide raw liquid

It is recommended that the amount of 0.5-8% in the pesticide solution be added to the pesticide solution. The pH value of the pesticide formula was 6-8. Users should adjust the amount of the agricultural silicone synergist RH-208 according to the variety and formula of pesticides to achieve the most economical and effective effect. The compatibility test and staircase test should be done before the use of the organosilicon synergist.

The Automotive Parts Aluminum Die Casting Market

According to the International Aluminum Institute, the primary production of aluminum was 5.48 million ton, with a year-on-year increase of 2.45% from 5.35 million ton in 2019.Get more news about Aluminum Die Casting Auto Parts,you can vist our website!

In addition, factors such as rising demand for lightweight vehicles and the growing utilization of aluminum in diecasting auto parts to fuel growth of market during forecast period. Stringent environmental regulations and Cafe standards imposed across various regions to support adoption of die casting process.For instance,

- In December 2018, the EU set new regulations for carbon dioxide emissions for new passenger cars and commercial vehicles. The agreed-upon targets aim to reduce average CO2 emissions from new passenger cars by 15% in 2025 and by 37.5% in 2030, both relative to the 2021 base figure. A 15% reduction by 2025 and a further 31% for 2030 were agreed upon for light-commercial vehicles.

Asia-Pacific region expected to witness significant growth during the forecast period owing to growing investments and production plants establishments in the region. The growing adoption of aluminum in major economies such as India, China and Japan anticipated to contribute for overall development of market during forecast period.The Pressure die casting market is expected to hold largest share in the market during the forecast period owing to growing adoption and consumer intrest across the world. The process is accessible around the globe because of its unique advantage in manufacturing high volume goods. Moreover, steady demand from the automotive sector, it is likely to contribute for substantial growth of market over the forecast period.

The high-pressure process in the industry is called idle for achieving higher output levels and is primarily used in various industries. The low-pressure process is used in the output of low-volume goods with top unit costs due to the longer casting cycles. Manufacturers across the world are adopting various growth strategies to expand their presence in the global market. For instance,

- In February 2021, Nantong Jiangzhong Photoelectricity Co., Ltd. Installed its Italpresse gauss TF5700 high pressure die casting (HPDC) machine at the company’s base in Jiangsu province, China.
- With its huge 3500 x 3500mm platens, the TF5700’s closing force of 5700 tons making it the ideal solution for large part production. Jiangzhong has also purchased a Westomat 3100 from StrikoWestofen to integrate seamlessly with the machine.
Asia-Pacific region is expected to witness the fastest growth rate during the forecast period. In the Asia-Pacific region, major countries like India, China and Japan to contribute significantly for the development of market over forecast period. China is one of the major producers of die casting parts, and growing adoption of passenger cars in the region to provide optimistic impact on the market. For instance,
Asia-Pacific region being one of the world’s largest manufacturer of vehicles, tend to attract major manufacturers in the market. Many players are adopting growth strategies such as geographic expansion and production capacity expansion to stay competitive in this market . For instance,

- In February 2020, Ningbo Xusheng Auto Technology Co. Ltd announced that it may raise a maximum of CNY 1.2 billion for capital investment. The investment may be used for the second phase of construction of the high precision casting and forging components plant for new energy vehicles.
- In March 2021, Endurance Technologies Limited announced the construction of a new plant at Waluj to meet the demand of disk brake assembly business. Company is also setting up a cylinder-head low-pressure die-casting plant at Pantnagar, which will start operations in April-June 2021.

Steve Hanke warns BTC could 'completely collapse the economy' of El Salvador

Steve Hanke, a professor of applied economics at Johns Hopkins University, has warned that El Salvadors recent adoption of Bitcoin (BTC) as legal tender has the potential to “completely collapse the economy.”To get more news about WikiFX, you can visit wikifx.com official website.
　　Steve Hanke served as a senior economist under President Ronald Reagan administration from 1981 to 1982. Hanke has previously described BTC as a speculative asset “with a fundamental value of zero,” and in April the 78-year-old tweeted “cryptocurrencies are the future of money. Bitcoin is not.”
　　Speaking with streaming financial news provider Kitco News on June 15, the university professor noted that BTC hodlers from regions such as Russia and China could now target El Salvador to cash out their holdings — essentially draining the country of its U.S. dollars:
“It has the potential to completely collapse the economy because all the dollars in El Salvador could be vacuumed up and there'd be no money in the country. They don't have a domestic currency. ”
　　During the interview, the economist described the elected representatives in El Salvador who voted in favor of president Nayib Bukeles Bitcoin law as “in a word, stupid,” and questioned how BTC could function as a legal tender in day to day transactions, in a country where most citizens rely on cash.
　　“You're not going to pay for your taxi ride with a Bitcoin. It's ridiculous [...] You've got 70 percent of the people in El Salvador don't even have bank accounts,” he said.
　　On June 11, JPMorgan echoed similar sentiments but in more measured language, with the firm stating in a client note that it was difficult to see any “tangible economic benefits associated with adopting Bitcoin as a second form of legal tender, and it may imperil negotiations with the IMF. ”
　　The Central American Bank for Economic Integration (CABEI) doesn‘t share this view however and stated yesterday that El Salvador’s adoption of BTC is innovative and “creates many spaces and opportunities. ”
　　The multinational bank also revealed that it will be forming a technical advisory group to aid El Salvador in its transition to using Bitcoin as legal tender.
　　Professor Hanke speculated that “dark forces are clearly behind this” in El Salvador, who want to use Bitcoin to get their hands on U.S. dollars.
　　Related: El Salvador reportedly weighing paying employees in Bitcoin
　　The economist also described remittances across borders in Bitcoin as “nonsensical,” as he thinks the asset will need to be converted instantly to dollars to be able to use it.
　　“If grandma is down in El Salvador is waiting for her remittances and you want to send Bitcoin like that its fine, but what does she do？ She has to go to the ATM to get dollars because that's the only way you can buy something,” Hanke said. However, businesses in El Salvador will be mandated to accept Bitcoin.
　　An article in Foreign Policy by trenchant Bitcoin critic David Gerard, author of the book Attack of the 50 Foot Blockchain speculated that as El Salvador cant print U.S. dollars, its adoption of BTC may be part of a move to source U.S. dollar liquidity from its citizens to pay back foreign debts.

How to make money on using a scalping strategy?

Many traders who trade on the forex exchange like to use a scalping strategy. Such a strategy involves a series of short-term daily transactions and obtaining small income from one transaction. However, the total profit for the day is formed by a large number of transactions - sometimes up to 500 trades per day. In general, trading time lasts from a few seconds to several minutes.To get more news about WikiFX, you can visit wikifx.com official website.
　　Scalping is the most highly profitable trading method, which is rightly considered the peak of the traders skill. Scalping requires a trader to have a high understanding of many factors: the trading behavior of the used instrument, market expectations, news and statistical background, as well as high concentration and discipline. All this, in turn, requires experience and a certain “technique” for performing scalping deals.
　　Moreover, scalping strategies themselves are constantly evolving after the market as a whole. But there are also quite simple methods that allow you to extract income from intraday price fluctuations - in fact, which will be discussed in this article.
　　As for the application of the scalping strategy, heated debate is still ongoing. Some argue that it is better for beginners to apply scalping, because this type of strategy does not require global market technical and fundamental analysis, and its application can be good practice for gaining experience. Others argue that scalping is an advanced strategy and requires certain knowledge and an action plan, as this will determine the right direction and trends in the market. To decide whether a scalping strategy is suitable for you, you need to study its advantages and disadvantages.
The benefits of scalping
　　One of the most obvious benefits of the usage of scaping strategy is making large profits in a short time. For example, you can open a deal at a price of 15.500, and after a few minutes close at a price of 15.520. Thus, in a couple of minutes you earned $20, and given that there can be several tens of positions, the amount earned will be quite impressive.
　　The second undeniable advantage is quick training. The use of long-term trading requires a thorough fundamental analysis of the market and the study of the main factors. While trading on short timeframes, you can use small market patterns and technical analysis.
　　The use of scalping allows you to get a good profit with a minimum deposit. Getting from $100 from 10 to 20% per month will not greatly improve your financial situation, and 20% daily can significantly replenish your budget.
Disadvantages of scalping
　　Perhaps the key drawback of scalping is the huge risk. Making large and fast profits is always fraught with big risks, since determining the direction of a trend on short timeframes is sometimes unpredictable.
　　Most brokers do not welcome scalping traders. Of course, no one directly prohibits the usage of scalping, but many brokers set a limit on the time of a transaction or on the number of transactions per session. Some brokers limit the duration of a profitable operation to 10-15 minutes.
　　It makes sense to use scalping if the size of the spread (commission) is minimal. Usually it is recommended to use no more than 3 points. Based on this, you have to limit your choice of a currency pair - in many pairs the spreads are too high.
　　Since the scalper makes from several tens to several hundred transactions per day, it takes a lot of time to be at the workplace.
　　For the implementation of short-term operations you need to use leverage. Therefore, one or two unsuccessful transactions can significantly affect the deposit.
　　The scalping strategy can be used not as the main one, but as an auxiliary one, that is, you can trade in long-term positions where the price is stable, and at the same time use scalping and make short-term profit.
Favorable conditions for scalping
　　In order to start using a scalping strategy, you need to have a set of components that will allow you to successfully trade and make a profit. One of these components is the right choice of broker.
　　Before you give preference to any forex brokerage company, make sure that it supports scalping.
　　Pay attention to the quote - the five-digit quote is considered optimal. In this case, the trader can put a small stop and 5-10 points, in this case it will be 0.5-1 points.
　　A rather controversial issue for traders is the size of the spread. Some traders prefer floating spreads, others prefer fixed spreads. However, most traders believe that a floating spread is more suitable for short timeframes, and fixed spreads for large ones.
　　Execution of orders. A pair of order types is used - an instant and pending order. Instant order depends on the actual speed of operation. Speed in turn depends on a number of other factors. This can only be determined in practice by opening several orders at once with high market liquidity.
　　Another component for a successful profit is trading time or trading session. The best time is when the market is most active. Activity increases during the intersection of two trading sessions, when the number of players almost doubles. Increased activity is also observed before the news release, so you need to follow the news release schedule.
　　Choosing the right tool. Most often, these are currency pairs that have the most active movement and more news.
　　Summing up, we can say that not everyone can use scalping. In order to achieve good results and receive stable profits, a trader must have special qualities. First of all, this is attentiveness, the ability to concentrate and not pay attention to extraneous factors. Secondly, the scalper must have sufficiently strong nerves and self-control - not everyone will be able to watch the working terminal intensively throughout the day and quickly make the right decisions.
　　However, if you think that you have all these qualities or have sufficient experience, then a scalping strategy can bring you good profit.
　　Scalping strategies are constantly evolving and changing, not spasmodically, but gradually, allowing traders to adapt their system to these changes. And, in fact, the property of adaptability and the ability to notice micro-changes in the market give in the long run the possibility of increasing scalper earnings.

Iron Finance Titan Token Falls 98.1%, What Happened?

It‘s just another day and another DeFi protocol, which has taken a hit. This time it’s Iron Finance – an algorithmic stable coin, whose token TITAN‘s value plummeted 98.1% in less than 24%. According to the official documentation, Iron was “a partially collateralized token, soft pegged to the U.S. Dollar, available both on the Polygon network and on the Binance Smart Chain”. It’s principle was the same as all other algorithmic stablecoins – store collateral enough to back the token to 1 USD. So, what happened？To get more news about WikiFX, you can visit wikifx.com official website.
　　At the time of this writing, the Iron Finance Titan token is trading at $1.23, it‘s showing a very slight recovery after the token went down upto $0.0016. It’s astonishing since the token was trading at $64, around 19 hours ago. A fork of the FRAX stable coin, Iron Finance was popularized by Twitter influencers especially billionaire Mark Cuban, whose recommendation saw the price skyrocket to several order of magnitudes. Hes now believed to have lost $8M, though there has been no confirmation on his part.
There was no exploit or malicious activity, from the reports received until now. Simply, a bank run, where people kept cashing out and the token price kept falling. The way it works with Iron Finance is that there are two tokens – IRON and TITAN. The USDC is deposited into the protocol upon users minting IRON token, while the TITAN token used for minting is burned. When the user redeems, the USDC is paid back and TITAN are minted back.
　　However, it turned out to be the race to the exits as people kept dumping their fractional reserve type TITAN tokens, after redeeming their initial collateral. This caused a domino effect as more and more players chose to exit the game and the price plummet severely in a matter of hours. The reason？ TITAN marketcap wasnt large enough to support such a market, also the token was overpriced had relatively constrained liquidity and there was no locking period like FRAX, to prevent a bull run.