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Tron making it to OKCoin kills all the FUD about TRX being security once and for all

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OkCoin is a Chinese cryptocurrency exchange, founded in 2013, that has been expanding very aggressively all over the world. From China, it unfolded into the United States, and it’s currently going for the Latin American markets, a move that surprised many within the cryptosphere as they chose to start with Argentina, offering digital assets for the local Argentinian Peso which is one of the continent’s weakest fiat currencies in the continent. It currently serves 110 countries in the world and is looking to find new markets elsewhere as well.

The move towards Latin America is remarkable because the cryosphere’s more prominent players have mostly neglected this region and the company’s position will be almost unique.

“OKCoin is committed to opening up new markets for digital currency consumers throughout the world, and we are very excited to bring our safe, secure and licensed trading platform to consumers in Argentina,” explained Tim Byun, CEO from OKCoin USA. He added,

“This is just the beginning of our Latin American expansion, as we’re aiming to grow throughout the region by bringing institutional and retail traders there an array of trusted trading options so they can buy and sell with confidence.”

One of OKCoin’s particularities is that, as it did in Argentina, it offers fiat/crypto trading pairs which are still not that common in crypto exchanges. If you have some experience investing in digital assets you would know that the most common way to enter the market is by buying Bitcoin and then trade it for any other token you fancy if that should be the case. Not with OKCoin.

https://twitter.com/DigitylRise/status/1090382528974733313

The company is not only committed to reaching as much of the planet as it can, but also to offer many trading options. Most of the better-known cryptocurrencies are supported by the platform (0x, Zcash, Stellar Lument’s XLM, Cardano’s ADA, Ripple’s XRP, Litecoin, Ethereum Classic, Ethereum, Bitcoin Cash, and Bitcoin) and, starting today, a new token will be included: Tron’s TRX, and it will be paired against fiat currencies as well.

Established OK clients are now able to use USD or Argentine Pesos to buy TRX directly, or paired against 0x, Zcash, XLM, ADA, XRP, Bitcoin, or Ethereum.

Tron trades at $0.027 as we write this and it’s keeping its 8th place in the rankings by market capitalization, a spot that has achieved over the last couple of months only, as it used to be 11th not too long ago. This is impressive growth in the midst of a bearish market, a feat that only very few blockchain projects have managed over the last 13 months.

And it’s even more remarkable when you remember that this is a third generation blockchain project that’s been around for fewer than 18 months. This is very good news for Tron and for TRX holders as new listings bring about additional trading volume for the asset which, in turn, can create new demand and drive the price up.

Additionally, the pairings offered by OKCoin against Argentine Pesos will offer unique insight into the status of crypto in Latin America, which remains something of a mystery still since many of the world’s larger exchanges are not licensed to do business South of the American border as OKCoin is.

Image courtesy of PixaBay.

Why BitGuildPlat migrated from Ethereum to Tron

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If you like to keep current with news from the cryptosphere, you’ll know a few things already. But if you don’t, there’s nothing to worry about, that’s why we’re here. For instance, you would know that Tron started life as a project running on Ethereum’s network and that it later developed its own main net which came online last May.

You would also know that the technical specifications for Tron’s new main net were so good that Vitalik Buterin (Ethereum’s founder and current leader) mocked them as fake promises. But as the new network went live, every single specification turned out to be true.

As that happened, many observers declared Tron as the new “Ethereum killer.” Let’s remember that blockchain technologies of the second and third generation (Ethereum and Tron, respectively, in this case) are not about a cryptocurrency only, but they are programmable platforms that can support the development and deployment of decentralized applications and smart contracts.

That niche has been dominated by Ethereum since it started, as it was the first project to offer that kind of features. But is Ethereum the prevailing project when it comes to dApps and smart contracts still? Or is Tron (along with EOS, Cardano, Stellar Lumens, and other third generation blockchains) finally killing it? Things seem to lean for the second option, let’s see why.

First of all, Ethereum has been plagued by problems. The transaction speeds are comparatively slow, and the gas price is kind of high. Ethereum users have been complaining about this for months, and Ethereum’s leadership hasn’t done much about it. An update to the blockchain (called the Constantinople hard fork) was supposed to appear last week, but it was defective, so it’s been postponed for next month.

If Ethereum’s problems were not enough, Justin Sun (Tron’s CEO and founder) came forward and invited Ethereum developers and users to move their apps to Tron’s platform. Some people mocked him. And some people took him at face value and are doing exactly that, like BitGuild.

BitGuild’s a decentralized gaming platform that develops several games currently available on Ethereum’s network. It claims to be designed to do away with fees, fraud, and regulations in a tokenized gaming marketplace. The fee-free bit is currently impossible on Ethereum, not to mention the network’s speeds limitations which is why BitGuild moved to Tron, as per Mr. Sun’s invitation, among other factors.

The announcement came this January 18th at Tron’s, niTROn summit at San Francisco and it was made by Jared Psigoda, BitGuild’s CEO. He gave several reasons for the company’s decision:

  • Transaction speeds.
  • Low fees (essentially none).
  • The strong community at Tron.
  • TRX holders are bullish about the token, and they actually use it.
  • The Tron Foundation is supporting the move.

It’s hard to argue with any of those reasons. If only a couple were true, the case for making a move would still be solid.

So, it’s happening. Tron (and other blockchains) are indeed killing Ethereum. It’s not even the second largest cryptocurrency by market capitalization anymore (that’s Ripple’s XRP). EOS is still far from challenging Ethereum for the third place (it would still need 10 Billion USD), but the thing is that EOS is growing as Ethereum is shrinking so it could happen at some point during the year. And Tron has gone from 11th place a couple of months ago to 7th as we write this article.

The important thing is this: if EOS, Tron, and other blockchains can overcome Ethereum as the main network to deploy dApps, then it will be a matter of time to do the same regarding capitalization. We shall see.

Image courtesy of PixaBay.

New York DFS allows buying Bitcoin with debit cards on LibertyX supported ATMs

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Although, this week has started badly (again) for the whole crypto-market where every other currency is in the continuous downward streak, testing the emotions and faith of the crypto enthusiasts towards their beloved digital assets. Nonetheless, even in the worst of times, if there is a smaller positive happening, one must cherish it to keep their hopes in the balance because as they say, all great changes are preceded by chaos.

Some encouraging development for the crypto lovers from New York is coming up as they can now use their debit cards to buy Bitcoin at any selective ATM across the city. Thanks to the city’s Department of the Financial Services (DFS) without whom it may not be possible who, just last week, granted licenses to the Robinhood Crypto and LibertyX.

This service is going to be provided by LibertyX who has been keen to make the process of buying cryptocurrencies easier (like buying it from nearby ATM) all over the country.

In February 2014, LibertyX launched its first Bitcoin ATMs in Boston’s South Station, which is regarded as one of the country’s busiest train stations. It then went on the to expand its network by adding further ATMs at various locations including Harvard Square and MIT.

As though this latest decision by the New York’s Department of Financial Services will provide its inhabitants relatively comforting opportunity to buy Bitcoin, but is going to prove as a significant stride towards becoming the front-runner in the realm of financial technology innovations and banking. Talking about their decision, the officials said:

“To date, DFS has approved sixteen charters or licenses for companies in the virtual currency marketplace. In New York, LibertyX, which will provide consumers the sale of bitcoin through debit terminals, is the first [NY]DFS virtual currency licensee to allow customers to use debit cards to purchase bitcoin from traditional ATMs.”

Last year, LibertyX partnered with a renowned ATM Manufacturer company, Genmega and launched the country’s first ever debit Bitcoin ATM. Through this ATM, the process of buying Bitcoin was made quite easy as it was integrated to match the regular withdrawal process. Including New York now, over 10,000 ATMs are providing the facility all over the country.

To enjoy the service, a user is required to merely download the LibertyX cell phone app on their gadget and register an account. Once the account is approved, then the account holder can purchase Bitcoins by spending almost up to 3ks every other day.

Enthusiasts of the digital assets have welcomed the steps taken by the regulators such as granting licenses to the cash-to-bitcoin onramp network, LibertyX, as it will be immensely helpful to enable the broader crypto adoption in our regular businesses.

All about the Play Goc gaming platform is right here

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TronBet has been shaking the cryptosphere lately. It’s already among the top ten decentralized applications by users served daily, and it’s the one with the most cash flow in the world. But it’s not the only game in town, and if you would like to see a gambling site in the cryptoverse that’s blockchain-based but in which you can actually recognize the games, then Play Goc is for you.

Don’t get us wrong. TronBet’s games are quite entertaining but they’re on the nerdy side of things and they’re not always exactly intuitive. Goc Play, on the other hand, brings to the blockchain world a set of classic casino games such as Dice, Blackjack, Roulet, Baccarat, Plinko, and even a slot machine emulation. And those are just the ones that are live already, but many more games are under development and will be deployed soon.

Goc Play runs over Tron’s network and it supports five different tokens. It even issues two Tron-based tokens native to the platform, which are called Play and Reward (RWD).

You can think of the PLAY tokens as of playing chips in a casino. If you have some TRX then you can use it to buy PLAY and use your PLAY to place bets on the platform. This, of course, means that you need a wallet compatible with the website that supports TRX and PLAY. The good news is that such wallet exists, it’s safe, it’s free and it’s easy to install. It’s called TronLink and it is a Chrome Browser extension. It takes less than half a minute to install.

Once your TronLink extension is ready for use in your browser you just create a wallet, buy a few TRX tokens and voilá! You’re ready to play by directing your browser to https://play.goc.network/. It’s exactly as simple as it seems.

You can also buy PLAY tokens at GOC DEX, which is a decentralized cryptocurrency exchange specialized in TRC20 tokens (those are the tokens issued using Tron’s token technology).

The Reward (RWD) token is one you can’t buy at exchanges, on the other hand. You have to mine it. But don’t fear, you don’t need to sacrifice any of your computing power or to buy any new hardware. This token is mined by simply playing the platform’s games.

As you play you’ll get some RWD as an incentive and, every now and then, the admins do a token airdrop among the players that are online. And owning some RWD gives you the added advantages of participation in several of the platform’s reward systems.

Goc Play is cool, is very well designed, it’s a lot of fun and it basically pays you for having a good time playing Blackjack, Dice, or Baccarat. What else can you ask from an online casino? On top of all, using this decentralized application creates traction and demand for Tron as a blockchain and project, and for TRX as a cryptocurrency. It increases trade volumes and demand which are, in turn, the things that will confer higher value on the coin.

So you won’t be just having a bit of fun, earning a little passive income and chatting with a lot of nice people within the Tron community. You’ll also be supporting the project’s viability.

Image courtesy of PixaBay.

Bimoney’s new Candybox gets launched

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This is a special month for BiMoney. It’s a blockchain technology company specialized in the production of cryptocurrency wallets. So far they have four different products: mobile, hardware, sim card, and enterprise. Bimoney wallets are very safe and complete, they include four layers: application, contract, service, and accounting.

The Mobile wallet supports all major cryptocurrencies (BTC, ETH, EOS) and is authenticated by iris and/or fingerprint recognition. The Hardware wallet offers you the advantage of recovering a lost encryption key.

The SIM Card wallet lets you turn your mobile phone into a crypto wallet and the Enterprise wallet allows for multiple signature management. It’s a very wide and complete line of products. And now, BiMoney is launching a new member in the product family: Candybox.

The new wallet will support all the usual suspects (Bitcoin, Ethereum, etc) but it will also be useful to store Tron’s TRX tokens as well as some of the Tron-based newly minted tokens such as Tron Weekly. And it will be launched today, which is why BiMoney is in a celebratory mood.

Candybox is going to have a launch in style. Several related events are planned to happen today to mark the occasion, ANTE, DICE, FUN, Tron Weekly and CTT, have prepared millions of candy benefits. Users can directly get them from BiMoney wallet on the candy box pageANNOUNCEMNET

The new wallet signals a partnership between Tron and BiMoney, which could be great for both. It’s to Tron’s advantage to have as many digital wallets as possible supporting TRX as well as other Tron-based tokens that also comprise the Tron ecosystem.

For Bimoney, it’s also good because it will be able to tap into the Tron community of users which is very bullish about TRX, very enthusiastic and they just love using the token in all kinds of ways. TronBet, for instance, is already the world’s decentralized app with the most money flowing through it (from 10 to 24 million USD daily).

Yet another partnership has come to fruition as Candybox is launched. We are talking about a partnership between BiMoney and the Beachfield Welfare Agency. BiMoney will be a link between Beachfield and nine major players within the Tron community, such as the Tron Weekly Journal (which issues its own Tron-based token, Tron Weekly) and eight other projects represented by the wallet’s support for their tokens. Tronbet’s ANTE is in the mix as well as DIEC, FUN, and CTT.

So what is this welfare agency project? Well, it’s a blockchain service for a blockchain era. It’s a decentralized airdrop tool built on wave field technology. It can accept things such as game props while also receiving tokens through its exclusive set of functions and deep games combination.

It enables more convenient functions than you find in standard airdrops, so every user experiences an utterly smooth and innovative experience in the wave field. The Wave Field Welfare Society seeks profound collaboration with more wave field decentralized application developers. That way the developer community and the society will promote together the healthy development of the wave field technology which will, in turn, empower dApps.

The Cobo Wallet joins the BTT Airdrop next month

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The Cobo Wallet will join forces with the Tron Foundation and BitTorrent, its subsidiary, to participate in the BitTorrent Token (BTT) airdrop for TRX holders that will take place next February.

Cobo is a company that aims to produce a cryptocurrency wallet with a competitive advantage. It was founded by Discus Fish and Changhao Jiang. The company’s motto is “we make it easy for everyone to own and use cryptocurrencies.”

It’s the first wallet in the crypto verse to offer Proof-of-Stake protocol and to reward users on holdings so that they find it easier to grow their digital assets. The wallet supports more than thirty different coins and 500 tokens. That includes TRX and several Tron-based currencies.

And you probably already know what BitTorrent is. But just in case, it’s the world’s largest decentralized network, used by more than a hundred million people all over the world every month. The network is a file-sharing service, the only one that survived the eDonkey/eMule wars that happened about a decade ago. BitTorrent was the last man standing.

The Tron Foundation bought BitTorrent a few months ago, then announced that it would merge it into the Tron Main Net as Project Atlas. BitTorrent is about to become a blockchain network, and Tron wants to turn it into a tokenized economy. That’s why the BitTorrent corporation is issuing a Tron-based token, BTT.

The new token will be an incentive for BitTorrent users. Seeding your files in the network will get you tokens. The longer you seed your content, the more coins you get. You’ll essentially be paid for sharing your bandwidth and content with the rest of the world, it will be a very convenient way to earn some passive income by just keeping your computer on while you sleep and keep your BitTorrent client on.

And once you have some BTT, you can take them to an exchange and trade them for TRX, and you can go anywhere from there: Bitcoin, XRP, or any other cryptocurrency you fancy. With a little extra work, you can even turn them into your local fiat money.

As part of Project Atlas, a new BitTorrent client will be released sometime during the next quarter.

That’s not all. As the new token becomes available at cryptocurrency exchanges (Binance will be first) BTT several digital wallets have partnered up with Tron and BitTorrent to airdrop some of the new digital assets into those user accounts that are holding TRX tokens.

A free money sample, if you will, and you don’t even need to be a BitTorrent user to get it. Just to have some TRX stored in your digital wallet, if that wallet is Cobo or one of the other Tron’s partners.

Project Atlas could potentially change the way in which we conceive file-sharing more than Napster did back in the day. It will be controversial, as game changers often are and Tron is making sure that the new network goes live with a bang. Let’s not forget that effective and spectacular marketing is most definitely one of Tron’s and Justin Sun’s strengths.

The BTT airdrop and Project Atlas will soon arrive in Crypto. Be ready to be surprised.

Image courtesy of Pixabay.

Tron-based GOC DEX about to go mobile

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The overly ambitious Tron-based platform called GOC announced that its decentralized exchange platform is going mobile. This is quite surprising when you take into account that the web version has been plagued with problems and it was not working (“under maintenance”) last week (for a while though). But it is terrific news nevertheless so let’s dig in a little more detail.

GOC is a family of decentralized apps that run on Tron’s network and blockchain. There’s GOC Play and GOC DEX.

GOC Play is gaming and gambling online platform which includes several classic casino games such as dice (craps), roulette, blackjack, baccarat, plinko, the fruits (a slot machine clone) with many more under development that will be online soon.

It has two native cryptocurrencies associated with it, one is called PLAY, and the other one is called Reward (RWD). Both are Tron-based tokens. The first one you can get at GOC DEX (a decentralized token exchange for TRC20 tokens developed and managed by the same team) and you use it to place your bets at the platform. The second one is, as the name suggests, a coin you get as a reward (or incentive) for using the platform to have some fun playing the available games.

Joining either GOC platform is exceedingly easy. All it takes is having a TronLink wallet. This particular wallet is nothing but a Chrome extension which takes less than 30 seconds to install in your browser, and once it’s there, you’re basically all set. You just need to get a few PLAY tokens, and that’s it. You’re ready to play, have some fun, and start getting some RWD tokens which you can use to buy tickets for the Weekly Reward Pool party, and acquire the right to some additional benefits that will increase in the future, according to the platform’s FAQ.

The latest news from GOC is that GOC DEX, the decentralized crypto exchange for TRC20 tokens in which you can get PLAY tokens, is going to become a mobile app shortly. The announcement came about at GOC’s Twitter account (@PLAY_GOC), and it features a screen cap that shows how the app is going to look like.

So why is this relevant? The web version doesn’t even work properly (it went to maintenance last week all of a sudden, but yeah, was up very shortly again) as you could see either by opening the site’s link (https://market.goc.network/en/exchange/v2?id=33) or by reading the comments that Tron users were posting at the platform’s Twitters.

Well, as we wrote in the previous paragraph, the site runs correctly now already. But more than that, crypto mobile apps are one of the ways in which decentralized apps and blockchain technology can achieve mass adoption a lot more quickly. And mass adoption is the name of the game. The more people that can find an easy way to join any of these platforms and buy TRX or Tron-based tokens, the more demand there will be for those tokens. And real-world demand is the one thing that can give any cryptocurrency market value and capitalization.

Tron and Tron-based projects have found ways to reach lots of new users and to capitalize on the currency. The proof is in the pudding: Tron is 8thth by market capitalization right now when just a few weeks ago it was 11th. That’s an amazing rate of growth, especially since the rest of the market is still bearish and keeps shrinking.

Image courtesy of PixaBay.

Tron’s marketing: It works, here’s how and why

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Tron’s marketing tactics have been rather controversial in the crypto verse. Justin Sun, the project’s CEO and founder, had a successful track record as an entrepreneur and marketing expert in China, where he founded the most successful messaging app around. He brought all that expertise into the cryptosphere when he got involved with it, first as Ripple’s representative in China, and then as he started the Tron Foundation.

Tron and Mr. Sun put a lot of emphasis and energy in marketing, of course. And that effort has been very misunderstood by a very conservative sector in crypto that believes that all that marketing is meant to hide the fact that Tron’s blockchain, cryptocurrency, and technologies are either defective, useless or unnecessary.

Having a great product is utterly useless if nobody knows it exists. That’s why God created marketing. In fact, you could find many instances of bad products that thrived just because they had some very smart and effective marketing.

But that’s not Tron’s case at all.

Vitalk Buterin mocked the projected specifications announced by Mr. Sun for Tron’s new Main Net last year. It turned out that Tron’s new technology was every bit as good as anticipated, and it’s quickly becoming the dominant platform for decentralized applications in the world. It’s deployed more than 200 already.

Another thing that must be said about marketing is that there’s good marketing (the kind that works) and bad marketing (the kind that doesn’t). And let’s face it, Mr. Sun is quite adept in knowing the difference and designing and deploying marketing strategies and tactics that work very well. Some people like them and some people hate them, but the one undeniable fact is that Tron’s marketing is exceedingly effective.

Why do we think that Tron’s marketing works? Because the results are there. Let’s review some of them.

  • Media presence: Tron is one of the most covered projects in all the crypto media. It’s managed to catch the imagination of many crypto aficionados in a very short period of time.
  • User base: At its current rate of growth, Tron’s Main Net will be the world’s most widely used protocol before the year ends.
  • Market capitalization: In barely a year, Tron went all the way to 9th place regarding market capitalization.
  • Tron-based tokens: Tron offers two different technologies (TRC10 and TRC20), so any user can use Tronscan.io to create a TRX-based new cryptocurrency. And they are multiplying like rabbits.
  • Decentralized applications: Tron’s independent Main Net left Ethereum behind only last May. Which means that developers haven’t had a lot of time to develop applications to deploy in Tron. In fewer than seven months there are already 200+ decentralized applications running on the network, and it’s already the crypto network that’s transacting the most in the world.

These are amazing achievements for a project that’s so young. And they have happened because of three reasons. The first reason is that Tron’s technology is really good and innovative. It’s a good product.

The second reason is that the leadership is very competent and we don’t mean Mr. Sun only. Every milestone announced has been delivered in a timely manner, and it’s surpassed expectations. And the third and final reason is that Tron’s marketing is very good.

Image courtesy of PixaBay.

Here’s what Coindcx.com issuing TRX trading pairs mean

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Tron Foundation’s Tweeter account hailed Coindcx recently as the platform will support five trading pairs based on Tron. Here’s the tweet:

“Thank @coindcx for listing #TRX. All #tronics can go trading on @coindcx by TRX/INR as well as other 4 trading pairs now. #TRON $TRX #niTROn2019 https://coindcx.com/trade/TRXINR “

Coindcs.com is a cryptocurrency trade and exchange platform based in India. Founded by a team of passionate crypto enthusiasts from that country, the platform aims to bring the Indian people closer to the upcoming economic revolution that blockchain technology and digital assets will bring about by building the subcontinent’s most advanced digital currency trading platform.

The platform’s team is very idealistic and enthusiastic, as is apparent from the way they talk about their project. They praise Bitcoin’s core values (the blockchain, decentralized ledgers, smart contracts) because they believe that this technology has the potential to change the world, making it more efficient and freer.

Make no mistake, the team is probably doing a pretty penny managing and developing their project, but this is a bunch of guys who are not trying to get rich. At least not only that. They want to change the world, and they see the blockchain and the ideal means to achieve that goal. Their motto is “Shaping the future with blockchain.”

They aim for transparency, security, and trust in their operations so that every client can concentrate on the essential things while they do the work that allows for that.

This high degree of optimism, idealism, and ambition is utterly in line with Justin Sun (Tron’s CEO and founder) and Tron as a project.

Tron is a third generation blockchain project which is not merely built around an alternative coin (which in this case is known as Tronix or TRX). Tron aims to use its blockchain to decentralize the whole world wide web. How’s that for ambition?

The idea behind decentralizing the web is to get rid of any central authority. Microsoft, Google, Facebook, Youtube (owned by Google), and a handful of other big corporations are responsible for publishing most of the content available on the web. That means that they write the rules.

It furthermore means that content creators cannot monetize their work directly from fans or consumers, but they need for, say, Youtube, to pay them for the ads which annoyingly interrupt every video you see there. And, of course, if you want YouTube to pay you for the publicity people see while watching your content, then you have to comply with YouTube’s rules.

Tron wants that to stop. In Tron’s decentralized web, content creators would get rewarded for their efforts with cryptocurrency (TRX) directly from their viewers without any corporation (not even the Tron Foundation) imposing any kind of rules, or mediating the payments process.

So it fits for Tron and Coindcx.com to join forces as they share something of a common spirit.

TRX is already available at the platform as we write this. The main trading pair will undoubtedly be the TRX/BTC one. But there’s a TRX/INR available as well as TRX/USDT, TRX/ETH, and TRX/XRP.

Image courtesy of PixaBay.

The key takeaways from Tron niTRON 2019

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The Tron project recently held its summit, in San Francisco, United States. This was a very anticipated event by Tron community members in particular, but by the cryptosphere at large as well.

Among the conference’s speakers were Kobe Bryant (yes, the NBA star who also happens to be a venture capital investor and expert since he owns a company in the industry) and Justin Sun, the project’s founder and Tron Foundation’s CEO.

So what did we learn from the summit? Four very interesting things. Let’s dig in.

BitTorrent Speed

Tron bought BitTorrent a few months ago. Why? Because it offers a lot of content to its users, and it has around a hundred million monthly users the world over which makes it the world’s largest decentralized network. So BitTorrent is in line with Tron’s ambition to decentralize the web, especially when it comes to content management.

The BitTorrent network will merge into Tron‘s blockchain and main net. That’s what Mr. Sun has called Project Atlas, and the new BitTorrent will have a new client application, which will be called “BitTorrent Speed”.

The news is that BitTorrent speed will be available during Q2. It will become the world’s largest blockchain application almost instantly. And it will use a Tron-based token (TRC10 technology) called BitTorrent Token (BTT) to incentivize users so they seed their files for longer times. Yes, you will be able to earn BTT just by leaving your BitTorrent speed on while you sleep, for instance.

The blockchain version of BitTorrent promises to be way faster than the standard version. It will be very interesting to see how many BitTorrent users will join the crypto verse through Tron.

New office

The Tron Foundation opened a brand new office in Hong Kong.

The Foundation was incorporated in Singapore and it has offices in Beijing as well. But Hong Kong remains an important hub and link between continental China and the rest of the world, so Tron’s new place in the island-city can only help its presence in the world at large.

Application status

Tron has now deployed 200 decentralized apps. That’s a lot of development done in a very short time interval (barely seven months) which means they know how to incentivize developers to create new software or to move it to Tron from other projects like Ethereum.

Of those apps, 142 use the blockchain’s native token (TRX or Tronix). There are more than three thousand developers involved in creating new apps. If you are wondering why only 142, the reason is that many apps have issued their own Tron-based tokens for internal use and for trade at Tron’s decentralized exchanges.

The network’s growth is of 20% weekly, which is exceedingly impressive and, at that rate, it’s going to leave EOS behind very soon.

Token market performance

Tronix went from 11th to 9th in market capitalization in just the last few weeks. It’s quite a remarkable achievement for any blockchain project to keep growing when most of the cryptosphere is shrinking, losing value, and many projects are surviving by their nails.

And that’s not all. According to projections shown at the summit, by year’s end, TRX will become the world’s fourth-largest coin.

Final thoughts

You could think that some of the announcements are a bit overoptimistic. But you should keep in mind that this is a project that so far has delivered in each and every promise it’s made. So don’t be surprised if all those statements become true over the next few months.

Image courtesy of PixaBay.