6/6/2023 0 Comments Trx cryptocurrencyAt the time of the sale, TRX tokens had a market value of just $0.0019. During the event, investors received TRX tokens in exchange for their BTC or ETH. The 2017 TRON Foundation ICO raised $70 million to further development of the TRON ecosystem. Additionally, the strategy expanded TRON's active user base significantly. This integration helped boost TRON's position in the region. Currently, the app has over 10 million users throughout China.Įven more impressive is the fact that Sun integrated TRON into Peiwo only months after the acquisition. He also founded a hugely popular live-streaming app called Peiwo. This position put him in contact with the network of people he would one day need to make the TRON concept a reality. Keenly, prior to the introduction of TRON, Sun had already made a name for himself in the blockchain sector.įor example, Sun was Ripple’s chief representative in the greater China area. Amazingly, he graduated from Ma’s Hupan University and within months made his way onto Forbes “China 30 under 30” and “Asia 30 under 30” lists. For one, he is a protégé of Alibaba founder, Jack Ma. Notably, Sun isn't a stranger to the FinTech sector. The mission of this organization was to build the infrastructure for a decentralized internet and provide a democratic system to manage the new network. ![]() At that time, the firm's CEO Justin Sun officially launched the Singapore based non-profit organization known today as the TRON Foundation. The history of TRON begins in early 2017. This is exactly the role TRON seeks to obtain. However, the transparent nature of blockchain networks makes them ideal for just such a task. The computing power of the world was not up to par yet. Until recently, the concept of a decentralized web seemed impossible. Instead, the entire internet is run by personal users. Primarily, there are no hosting companies. The decentralized internet differs from the internet you are used to in some key ways. To grasp the monumental task TRON’s developers seek to take on, it’s crucial to understand a little about the decentralized internet. You can send a million dollars in TRX to anywhere in the world in seconds and never have to pay a fee. Best of all, TRON has zero transaction fees. This performance puts TRX on par with major payment processors such as PayPal. Specifically, the platform is capable of 2000 transactions per second. Today the platform is best known for its transaction speeds and its lively CEO. Similarly to Ethereum, TRON enables Dapp developers to create and utilize complex protocols via smart contracts that live on its native blockchain. TRON is a decentralized virtual machine that was built to help usher in the decentralized internet. More impressively is the fact that it only took TRON two years to accomplish this task. This coin leveraged this community support and its unique technical aspects to become one of the top 10 cryptocurrencies in the world in terms of market cap. For more details please check the announcement in the link.Ever since TRON (TRX) entered the crypto market in 2017, it’s had one of the most vocal followings in the sector. From that time going forward token ID will be the only identifier. TRC10 token's name will no longer be unrepeatable after Jan 5 2019, 6:00:00 AM UTC. After this time, the token ID will be the only TRC10 token identifier on the network. This week the Tron Foundation also announced that after January 5, the names of TRC10 tokens would not be unrepeatable anymore. ![]() However, they will also have the option to opt out if they do not want to use it. ? We are LIVE, tune in to learn about BitTorrent’s new token $BTT! īTT is set to boost the adoption of the Tron network as well as blockchain and cryptocurrencies in general.īitTorrent already has 100 million users who will be introduced to the new content distribution framework using BTT Token. Justin Sun and the project lead provided more details about the BitTorrent (BTT) in a live stream on January 4th. ![]() The BTT token will be used by the BitTorrent users to enable faster downloads. The token sale will run exclusively on Binance Launchpad. Other Developments Related to TronĢ019 has been good for the Tron foundation so far as the number of new Dapps listed on Tron increased by 20 during the first week of the year along with many other positive developments.Īnother big moment for the Tron network was the announcement that the BitTorrent token will launch later this year. ![]() As promised, we are adding ?5 NEW $XRP-based pairs? by end of the week! They are TRX, XLM, NEO, GAS and OMG!įor other top voted pairs like #ADA and #VET, we will list those tokens first and add them in the next round, which will be pretty soon!? /0BYn3Fmookīitrue also stated on January 4 in a tweet that they had launched the most demanded XRP-based pair from their users which is XRP/TRX and that it is now open for trading.
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