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The Tron (TRX) Accelerator is here now!

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The Tron Accelerator initiative is live now and waiting for applications.

It’s a project supported by Tron, aimed at empowering developers and bring about innovation in the blockchain industry, more specifically, using Tron’s third generation blockchain technology.

Since last December 1st, developers are invited to send their decentralized application scheme, built upon Tron’s main net, and participate in one of the most exciting hackathons ever hosted.

There are a million dollars in the line in total ($200,000 for the first prize). There will also be eight special prices in 8 categories:

— Excellent Blockchain Game
— Excellent Application Tool
— Excellent Decentralized Exchange
— Excellent UI Design
— Excellent Innovation
— Excellent User Experience
— Most Influential DApp
— Most Onchain Activity DApp

Fifty-six projects will be rewarded in total, with significant prices. The deadline to submit a project closes next year, on January 4th, and judging will begin the next day.

Who will be the judges? Several personalities in the cryptosphere Starting with Justin Sun, who needs no introduction as Tron’s Founder and CEO. But just for the sake of completeness, Mr. Sun was Ripple’s Chief Representative and Advisor and founded Peiwo in 2013 which has become China’s most used messaging mobile phone app. He studied under Alibaba’s founder, Jack Ma, at Hupan University as well as the University of Pennsylvania.

Then there’s Mr. Cong Lee, the US Head of Tron Protocol,  who worked at Google for a decade as a leader for backend projects, data pipelines, frontend, and other projects. He then moved to Airbnb to build the company’s third generation financial data process starting from scratch.

There’s also Vincent Niu. Mr. Niu is DappReview’s founder, which he started this year, in March, which is the largest and most influential decentralized application platform in China. DappReview provides observers with accurate decentralized applications data, user insights and market analytics in all kind of blockchains which include Tron, ETH, EOS, NAS, and many more.

Mr. Niu’s experience in dApps is extensive, and he’s written many reviews on the subject for his project. He’s a graduate from Stanford University and is a game enthusiast.

Alex Wern co-founded Aurora (he serves as its CEO now), and he’s been through Amazon, Adobe and IBM. He prioritizes security and user-friendliness.

Other judges include Daniel Fernández, Haozhi Chen, Dio Lanakiara, Discus Fish, Juliun Brabon and the man known simply as Nick. They are all characters in the blockchain technology industry.

Tron is obviously a superior blockchain platform that so far lacks enough decentralized apps to seriously compete with “old” giants as Ethereum. This effort is part of Tron’s drive to make the platform way more relevant in the cryptosphere by finding new applications, use cases, usability, and usefulness.

This is a global competition which is only limited by language (English or simplified Chinese). This contest is different from others because the developing team will win the prize but also retain ownership of their own project, which is not the rule in software contests.

The winners will be invited to Tron’s niTROn Summit in San Francisco, next year, with all expenses paid by the Tron Foundation up to $5,000 USD.

Image courtesy of Pixabay.

Zebitex adopts Ripple’s XRP paired against the Euro

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Zebitex is a French cryptocurrency exchange based in Toulouse. It’s the most important French digital exchange and it’s prioritized to offer several crypto coins paired against the Euro. It’s latest digital asset offered in a Euro pairing is none other than Ripple’s XRP.

Among the cryptocurrencies offered by this platform are Bitcoin, Ethereum, Litecoin, and Monero.

This platform has been involved in crypto since 2014 (which is a very long time by cryptosphere standards), it sells itself as a very secure environment (protected against DDoS attacks, full data encryption, compliant with PCI DSS standards), it supports cold wallet systems, it has a competitive commissions model (simple, transparent, no extra management fees), advanced charting tools so you can use all that technical analysis you’ve learned since you bought your first altcoin, and good customer support (fast and friendly).

This is a good development for Ripple’s XRP. It’s the first time that XRP will be available for crypto investors directly through the Euro fiat currency. XRP has become increasingly available in local fiat currencies the world over (Indian Rupees, Canadian Dollars, US Dollars, and now Euros).

XRP is becoming a very strong coin in terms of profitability, stability, and value. It beat the legendary Ethereum token for the second spot in terms of market capitalization and it’s the one token that’s remained relatively stable when most others have been losing value at insane rates. Why is that?

It’s because XRP is useful. Ripple’s fought very hard for XRP’s main use case to be successful. That use case is using XRP as a mediating coin that banks and remittances services can use to settle international transfers.

That’s been Ripple’s game all along, and it caused it to be quite unpopular in the cryptoverse. Why? The whole point in Bitcoin (and in cryptocurrencies, in general) according to the mythical cyber-hero, Satoshi Nakamoto, is to get rid of fiat currencies and the traditional financial system.

Ripple is trying to use its currency (XRP) and its blockchain technology to help it instead of destroying it. That’s anathema regarding Satoshi’s original intention. But it’s working in terms of usefulness and it’s rendering the token stable.

XRP was last year’s most profitable coin, it outdid even Bitcoin. After last December, it’s the one coin that’s held its ground in a market that’s been seriously dominated by an intense and protracted bearish run. Over the last eleven months, most coins have had losses that need two figures to be written while XRP has resisted at single digits. It’s even managed to grow compared to the rest.

Zebitex’s decision to list XRP paired against the Euro is meaningful because it’s the first time that this coin is going to be directly available in Western Europe using the local fiat currency. The new pairing lines up with Zebitex’s priority to offer several coins using the Euro, but also with Ripple’s which is always looking to find new markets and use cases for the XRP currency.

The new development will create additional trading volume for XRP in a market that was more or less virgin until now. That will pump up the coin’s prices and stability.

Image courtesy of Pixabay.

Tron (TRX): Predictions in cryptocurrencies for next year

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The cryptocurrency sector changes very quickly and next year it will be no different. It’s been dominated almost completely by speculative forces but, it’s slowly maturing and at some point in the future, the fundamentals of a crypto coin will become more important in determining value than sheer speculation. Some digital assets will manage this transition better than others. The two factors that will facilitate that will be adoption and usefulness.

In the investor’s view, a business is typically valued in terms of some very time-honored methods such as price to earnings or price to book ratios, PEG calculations, and dividend yields. But you can’t apply these formulas directly to the cryptosphere.

Cryptocurrencies are new assets that are not even ten years old and that, as such, they need new tools to assess their value. But those tools are only starting to come into existence. This has created confusion among investors who don’t know how to estimate a coin’s value. That’s one of the main reasons behind the market’s wild volatility.

In this article, we will explain to you the fundamentals of a rather new blockchain 3.0 project called Tron. It’s barely a year old, but it’s already one of the stars in the cryptoverse. We’ve chosen Tron because it’s solid in its fundamentals, so it has a very good chance to become valuable in the future. We’re not trying to persuade you to invest in Tron or to buy TRX tokens, just to keep it in in your watch list.

The Tron Blockchain: Turning the page

The Tron network includes a native token called Tronix (TRX). It’s one of the most controversial subjects in the crypto world. The fans think that it’s a revolutionary force that will change the internet (especially the web) for good.

Detractors, on the other hand, are quite skeptic and give all the merit in the project’s market value to adept PR and marketing. You’ll have a very hard time finding a balanced, dispassionate analysis of Tron, but that’s what we’ll try to give you.

The protracted bearish run that has plagued the crypto market for more than eleven months now is an opportunity for the new players, like Tron. Tokens like TRX have a chance to drive the market’s next bullish run because of their intrinsic fundamental value instead of speculation.

A viable use case for the Tron foundation is soon to be launched in the forms of the monetized torrent protocol, an eager community that is confident about the project’s future, a brand new smart-contract that allows for the development and deployment of decentralized apps, TRC-20 tokens, and ICOs. Tron’s backers come to the table with a wealth of lessons learned from other blockchain projects and a host of new tools that will make all the difference when the bears in the market finally go to hibernate.

A tale of Tron

Tron’s highest price happened this year, in early January. It’s fallen by about 96% since then and it’s currently trading at $0.014. As it often happens in the market, the fall hasn’t been straightforward but rather sinuous with many highs and lows.

TRX went from $0.028 to $0.045 between 19/03 and 26/03 (60% increment). That rise happened because the project’s final testnet (called Odyssey) was launched and it created lots of excitement and expectations as the community anticipated the Main Net’s arrival in May. The buying pressure we saw during that period ratified the community’s trust in the timely delivery of the new Main Net (which was exactly what happened). When the brand new net came online, the price rose from 0.03 to 0.092 in a single day

By creating an autonomous Main Net, Tron left the Ethereum blockchain and moved to its own which had been on the works for more than a year. It followed Ethereum’s example by adopting the open-source philosophy that is easier to improve by community involvement. It also accumulated a juicy war chest to hire developers and buy decentralized projects that could extend its capacities.

A lot of hype surrounded the launch. The project’s charismatic and maverick leader, Justin Sun did his part to create expectations and several other crypto social media influencers helped as well. They managed to make believers out of many crypto enthusiasts. Suddenly it became clear for some that Tron’s platform could really give Ethereum a run for its money as the cryosphere’s network of choice when it comes to smart contracts and decentralized apps.

Other factors also intensified the hype and speculation. Tron was among the first few well-funded projects that went away from the Ethereum network and the ERC-20 token standard (EOS did the same, more or less at the same time). The lack of precedents for this scenario added interest.

The “The Ethereum killer” thing died out rather quickly. About a week before the main net’s release, the bears visited the TRX market. The price is yet to recover from that.

“Build something great and they will come” is something of an ethos that rings true in the technology industry. Tron’s strategy (and that of many other players in the blockchain) would be better conveyed by a phrase like “make them come, and let them wait while we build something great”

But the market isn’t waiting and it’s been driving TRX market capitalization down since last May.

The case for Tron (TRX) in 2019

Tron’s blockchain is in a transition period. It’s finding its way to become a legitimate cryptographic asset platform, but it’s struggling and it’s not walking very gracefully towards that goal. On the other hand, it boasts a number of formidable projects in the works that hold a potential to be like nothing seen before in crypto.

Project Atlas is one of those projects, probably the most interesting one. It’s about bringing the BitTorrent decentralized network (the planet’s biggest decentralized network with 45 million daily active users, and 170 active users monthly) into Tron’s blockchain. The move became possible after Tron bought BitTorrent last June. Only a few BitTorrent’s users will be aware of or interact directly with the Tron network, but sudden access to such a gargantuan pool of potential users is nothing to sneer at.

The main feature in Project Atlas is expected to be a TRX reward program for BitTorrent seeders. In BitTorrent “seeding” happens when a user that has successfully downloaded a file from the network keeps it available for other users to download. This maintains the network active because, being a P2P protocol, there is no central server from which users can download content.

As things stand right now in BitTorrent, there’s no reason for sacrificing bandwidth by seeding other than altruism or a libertarian sensibility. An incentive system based in TRX, seeders will be literally paid in altcoins to host their content for longer periods of time. Theoretically, that would improve the torrent network functionality as more content will be available and seeders will be happier.

The BitTorrent protocol allows to upload and download of all kinds of files, especially of large media files (audio and video) and it’s already a decentralized network. In this regard, it lines up very well with Tron’s mission which is to use blockchain technology to decentralize the web so a global free content entertainment system substitutes the current central authorities in the online entertainment industry.

BitTorrent includes a brand new web platform that allows for partial video and audio files to be played while they’re still downloading. Yesterday, the company started to accept digital assets (TRX, BTC, and BNB) as a means of payment for their premium software. That boosted the TRX price by around 30% in less than a day.

BitTorrent’s transformation into one of Tron’s decentralized apps that includes token rewards for seeders will be a huge milestone for Tron. But no date has been announced for Project Atlas to come online yet.

A different (and very publicized) use case for TRX is its adoption by PornHub, one of the globe’s largest providers of adult entertainment content. The video platform is now accepting TRX tokens as payment for its premium services. This is another huge pool of potential users as the site was visited 28.5 billion times last year. PornHub’s monthly membership is at 832 TRX which is about $10 USD.

But there’s a catch for both the BitTorrent and the PornHub use cases. Most of the content in both networks is free, so either paying for the premium membership or getting TRX for seeding is hardly going to attract too many users.

Only 1% out of $81.5 million daily users visit PornHub’s premium section, according to the website’s own data. Only a fraction of that one percent are new subscribers and even fewer will be willing (or able) to pay with TRX or Zen (the other crypto payment option supported by Pornhub). That being said, the partnership has brought Tron closer to the mainstream.

Partnerships and community

Tron is attaching itself to well-known brands, organizations, and individuals. Kobe Bryant, the NBA superstar player, will be the keynote speaker at niTRON, the project’s annual conference which will take place next January in San Francisco.

A basketball player is maybe not the most intuitive choice for a blockchain conference, but Byant is not your run-of-the-mill star athlete. He is a partner at Bryant Stibel, a venture capital firm with a strong interest in technology ventures. Among those ventures, there are sports websites, sales platforms, and mobile game publishers, to name just a few.

So Mr. Bryant is indeed experienced in investment strategies and fund management, so chances are that the keynote will be substantial and not just all about PR. And yet, PR will be Tron’s main achievement as it will create buzz and attention from the mainstream (and from crypto) by securing a household name like Kobe Bryant.

Ripple tried something similar at their last Swell conference by having former US President Bill Clinton delivering the event’s keynote last October.

The excitement surrounding the event, together with upgrades to Ripple’s xRapid platform made XRP rise in price. It happened while the cryptocurrency market was relatively quiet, and it made XRP stand out very clearly.

In the cryptocurrency market’s short history (it will be ten years old next January), good marketing and public relations have a proven track record as tools that create buying interest among retail investors. Yes, that’s somehow childish and the market would be better off if most retail investors were experts chasing value. But things are what they are, and retail investors are more important in crypto than in most other industries because institutional investors remain very reluctant to join the cryptosphere. That is why Justin Sun’s masterful marketing tactics have created a lot of noise and had given Tron’s price much of its past momentum.

The retail effect is intensified in the periods of high volatility in which speculative pressure is the main force behind changes in price at the exchanges that support TRX.

Tron’s historical data reveals that the project’s Github activity is not exactly great. On the other hand, it has a very strong presence in all social media where it’s been able to attract lots of followers very easily. The Tron Foundation alone has 353,106 followers alone. It’s grown by almost 30% over the last eight months. Justin Sun, the leader and founder boasts more than 593,000 followers.

Solume.io is a service that provides social volume metrics. It measures the mentions a given token gets on the relevant spaces in Twitter and Reddit, and it analyzes them into positive and negative mentions. Tron’s mentions are mostly on the positive side of the social volume. Even when the token’s price is moving sideways, the project remains able to develop positive social traction. Over the last 90 days, it’s been mainly negative only once, and that happened in a day that saw 15% losses.

Even the latest price drop (which came about some twelve days ago) didn’t change this trend as positive mentions are still considerably more frequent than negative ones. The tweeting activity by community members shows that they support the project with fanatical fervor and that they remain bullish about the token even when the market’s sentiment is the opposite.

This community behavior is in stark contrast with most others in the crypto environment. Monero, for instance. It has basically the same market capitalization as Tron (Monero is 11th, Tron is 12th) but its social media presence is quite scant by any measure available. Also, Monero’s positive social activity is basically flat when the price is flat. Tron’s keeps rising even as the price is stuck, and even when it goes down.

This ability to inspire a community and provide it with HODL fuel is not a random thing. The Tron Foundation and the project’s leaders are constantly reaching out to the community and cultivating their relationship. Advertising of the high production value kind, several yearly events available in live streams, monthly updates in many different languages.

Not the Ethereum Killer after all… so far.

Tron’s network is up and running as you read this. It verifies transactions using an innovative consensus algorithm called Proof of Authority which has the advantage of not being disruptive. In this consensus model, block publishers are selected by community voting.

But there is something that still seems to be missing, namely, the genuine developer activity or use cases for the coin apart of speculative trading.

Tron’s platform includes the TRC-20 technology, which is an alternative to Ethereum’s ETC-20. It allows for Tron users to create their own Tron-based cryptocurrencies and launch ICOs. The most referenced among Tron’s tokens is Tron Market Watch (TWM). It’s meant to be a payment tool for Tron’s own decentralized cryptocurrency exchange that includes all the tradeable TRC-20 tokens such as TRWJ. 14 coins are listed there so far.

The project managed to achieve a soft cap level of $310,000 but it fell very short of the $5,000,000 hard-cap goal and, by the time the raise ended, it was less than $1,000,000. The IGG token, which is the most successful in the TRC-20 family also failed to raise much money ($110,000)

Most of the tokens available at Tron’s DEX seem rather basic, a little too abstract (concrete information is lacking), and they don’t have backing or funds.

Tron’s current state has nothing to do with the way in which Ethereum exploded in 2016 and 2017.

It’s no secret that the current sentiment about crypto is bearish. And it’s even worse when it comes to ICOs. Yet SYLO, which held an ICO over Ethereum is currently valued in more than 10 million dollars. So no, Tron is not about to threaten Ethereum’s position as the king of smart contracts any time soon.

Decentralized applications.

Tron’s dApp store has 14 dApps currently listed. Most of them are gambling games and many have limited transaction volume (or users).

Comparing Tron’s utility and activity with Ethereum’s is very complicated with so few apps available. The latter has a much bigger and manifold dApp catalog that includes decentralized betting, crypto collectibles, and distributed data storage. All in working order and running on the network. Yet both blockchains have similar metrics of volume and activity and Tron’s casino has become very popular very quickly in the last few weeks.

Vulnerability to regulatory risk

The US securities laws leave some room for interpretation as they’re based on philosophical principles rather than in rigid rules. It’s very hard to determine the true usefulness and nature of a fledgling token such as Tron.

Token transactions could easily be considered “investment contracts” as defined by the Howey Test. This would make TRX a security within the United States and not a commodity or a currency. If that should be the case, it would have to comply with the tighter constraints of the Securities Act of 1933 and the Securities Exchange Act of 1934.

That is something that no cryptocurrency in the market wants because it means enhanced investor protection, and TRX would need to trade on secondary markets. That would bring about fines and would cut some trading channels.

The spectacular value drops of 90% or more that we’ve seen this year in TRX and many other digital assets make it more urgent for SEC to step in and start regulating ICOs and foundations. Projects like Airtoken (AIR) and Paragon (PRG) were already ordered to give their investors their money back as they failed to comply with the securities law.

“Any profit comes from the efforts of a promoter or third party” is the way in which the Howey test fourth rule defines a transaction as an investment contract. Tron is probably not sufficiently decentralized to avoid it.

As things stand today, TRX’s market capitalization, price, and trading interest result mainly from the Tron Foundation’s activities. It was this organization who launched the first ICO and it still provides leadership for the project as a whole. TRX is not really useful yet because user participation is still very limited. But as dApp activity and ICOs keep moving forward, that could change.

It’s anybody’s guess what SEC will decide about Tron. It’s a well-capitalized project that has the resources to challenge any charges so SEC is more likely to go after smaller projects that won’t offer that much resistance. It also happens that Tron and Justing Sun are non-American. They operate out of Beijing, China, so that could also make it difficult for SEC to enforce the law on them in the near future.

Conclusion

Tron is capitalized at almost a billion dollars and it’s supported by many exchanges on the planet. The charismatic maverick and founder, Justin Sun is very famous and respected in Asia. His activity in social media has been impervious to negative market developments during the last year. Through BitTorrent and PornHub they have access to 120 million potential users a year, and it’s now a fully autonomous blockchain that runs its own main net. Those are Tron’s pros.

And now, for the cons. There are too few dApps and ICOs on the platform. And it could be exposed to disruption by regulators if SEC construes TRX as a security instead of a utility token.

Image courtesy of Pixabay

Tron making it to the top 3 blockchains by usage was pretty much on the cards

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How much is a cryptocurrency worth? Which cryptocurrency? Well not just Tron (TRX), any. Before you answer, please read the question carefully, we’re not asking you for a token’s price but for its value. Confused? Ok, let us explain.

Value and price are not the same things at all. The first one is about how much something should cost; the second one tells you what the market is willing to pay for it. There are valuable things that can be underpriced or overpriced, and there is also expensive junk.

The financial world has known this for centuries which is why it’s developed ways to analyze any market from both points of view. There is something called fundamental analysis. This discipline focuses on assessing the real value of any asset, company, or product. It’s not about price, but about potential, usefulness, chances of mass adoption.

This isn’t the most popular way of doing things because it needs an in-depth study and understanding of any market you want to join, but those who do it correctly (this has been Warren Buffet’s strategy all along) make a killing.

It takes discipline, patience, and knowledge. In crypto, there’s an interesting example of this. XRP is trading at 0.363 USD as we write this, which is very cheap.

Yet, a fundamental analysis carried out recently by a crypto think tank concluded that XRP’s actual value is of 1.7 USD. The reason the market is not willing to pay that much for it (yet) is that it hasn’t understood the technology and use cases that support the value. And there’s another reason too.

The other way to see the market is to focus on price only. That’s called technical analysis. This has nothing to do with value; it’s all about using a set of tools and rules, supported by historical data, that will allow you to surf the market. The objective here is to identify trends, and then ride the wave while it’s there. Then, you get out in time before everything goes down and you drown.

The point is to use price information to make money, and it doesn’t matter if you understand the technology, the product, or the company as long as you have reliable historical data you can use in charts and apply the typical technical analysis tools. This is the dominant way of doing business in crypto, and one of the reasons why speculation runs rampant.

So we will paraphrase our opening question: what makes a cryptocurrency valuable? This is, of course, open to debate and we could argue about it until the cows come home. But for this article’s purposes, we will posit that digital assets are no different than any other thing you can buy. They’re as valuable as they’re useful.

The next pertinent question is how do you measure usefulness? This can be a very subjective question, but, fortunately, in the blockchain world, we have an objective measure for this: activity. The most useful blockchain projects have the most users and the most activity which can be quantified regarding the number of operations completed daily.

Ok, after this rather protracted introduction we proceed to give you the day’s news when it comes to completed operations in the world’s blockchains: Tron made it to the top three.

And why does that matter? Because a blockchain that has that many users doing that many operations can only be useful, which translates to intrinsic value, which sooner or later also translates into rising prices.

Tron is trading at $0.014 as we write this article, and alongside all the major coins, it’s in red numbers to the tune of 7.67%, so maybe the market has yet to see it.

Tron is a valuable project that should not be underestimated because of the token’s low price, and this is not an opinion anymore. The number of completed daily operations doesn’t lie.

Image courtesy of Pixabay.

Once bears lose their grip on market, Tron would become wonderland

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Yesterday, just after 40 hours as the bearing clouds started to scattered away from the whole industry, same as other currencies, Tron (TRX) joined the race to determine who wins its previous position back that they had at the moment when the bearish trend started.

It was a matter of just one day for Tron to regain its previous position in the whole market (was 11th largest currency on 14th of November). While other giants were struggling to reclaim their previous spot, within only the first hour of the day, Tron outranked the sharks by attaining 6.58% and at the day’s closing time it reached up to, remarkably, 32.77% hike.

The latest update is that Tron’s trading volume surpassed the collective trading volume of top 5 currencies in the crypto arena yesterday. Total trading volume of the top performers (Bitcoin, Ethereum, XRP, BCH, XLM) by market cap, was 1,138,613 – on the other hand, Tron had not just outclassed the figure but also stood nearing 2 million mark as its total trading volume rested at 1,833,912 yesterday.

Yes, that’s not the case now since, alongside the rest of the market, Tron is in the red-pool too. Yet again proving itself ‘the’ sleeping giant of the market.

https://twitter.com/mishalederman/status/1068140849018667008

What stirred the recent Tron spike up?

Although, Tron, being as one of the top achiever in the recent times, it couldn’t keep itself from getting caught to the catastrophic effects of the most recent bearings which kept on going for almost couple of weeks, the longest one of the year according to many experts.

Albeit, the thing worth noting is, because of all those achievements and associations that the Sun-led blockchain has deployed in its baggage since the beginning of October, haven’t gone to waste, but those are the reasons that helped it to become capable of growing quickly whenever the right time comes (bearing ends).

So, although bearing kept on going for long, Tron’s enthusiasts had some leap of faith in its capability and hence they were just waiting for the clouds to scatter, and as expected it bounced back stronger than before.

To reminisce back at the most recent achievements that Tron has successfully captured throughout the year including during the whole market’s massacre, few of them are as follows.

  • Got listed on the accountable number of exchanges (66 to be specific) in a single year alone.
  • Achieved the mark of half a million accounts on its mainnet in 4 months only, which you cannot ignore easily.
  • Seeing good surge in numbers of DApps, as the days go by, can also be termed as the major catalyst for increasing its popularity.

At the beginning of this month, November, Tron went on thrashing the big guns of the market, for almost a week, in daily transactional volume; the cryptocurrency had also signaled to be the major stimuli to become, what it now is, ‘the’ sleeping giant.

Consequently, keeping all the things we talked above, it would be safe to say that Tron might skyrocket once the market catches some steam.

Image courtesy of Pixabay.

TronWeeklyJournal coin (TRWJ) hits the Tron DEX

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The Tron foundation takes communication with the Tron community very seriously, which is one of the reasons that said the community is very united behind the project’s leadership. One of the efforts to keep communication clear and flowing is the Tron Weekly Journal which aims at becoming the very best Tron news organization.

In the Journal’s own words: “Tron Weekly Journal is an online digital content platform which aims to bring all Tron world news under its umbrella. Although there has been immense churn and activity in the Tron community, there is no centralized portal or information pool where investors or Tron enthusiasts can gather necessary information. We are a team of experienced writers and analysts seeking to bring the latest Tron news and forecasts to the community through the Tron Weekly Journal platform.”

But we are not just a newspaper of sorts. The Journal is also issuing a Tron-based cryptocurrency (which is already listed at Tron’s DEX) called TRWJ. It’s a multipurpose coin that will be used for the benefit of content creators.

Also, services like advertisements, promotion, and every publishing transaction needed by a site such as tronweekly.com will use TRWJ as the medium of exchange. Additionally, the Tron weekly team will be airdropping some tokens at the end of each sale phase.

Despite its young age, TRWJ is already one of the top 3 TRC-10tokens in the Tron market and, as the Journal keeps expanding its audience, it’s bound to keep doing well.

Tron DEX

Yes, Tron has digital cryptocurrency exchange of its own. It’s one of the sections inside the tronscan.org website. This is a specialized exchange that trades only in Tron-based digital assets (TRC- 10 tokens) paired against TRX.

For instance, here you can buy the dice token which you can use to play some betting games that are already running in the Tron main net. There’s also the IGG token, issued by Intergalactic Gaming which allows you to join in the online video games economy.

Tronscan.org is a very intuitive website that no Tron fan should miss. It gives you a Tron wallet, access to the exchange, information about all the tradable coins. If you have an account and a wallet here, you can even issue your very own TRC10 token and release it into the exchange!

You can also monitor the blockchain activity regarding nodes, blocks, transactions, transfers, accounts, statistics and foundation addresses. The smart contracts running in the network, are there for you to see, and you can vote in the Tron Super Representative elections. In many ways, tronscan.org acts as a “control panel” four your Tron account.

Besides Tron DEX exchange, Tron also has another wallet called Tron Watch Market. The token sale of the wallet ended about a month ago. Although it is not yet fully finalized, once it’s done, the Tron community should be expecting the trading of TRC10 tokens on the platform.

Tron is quickly becoming a full-fledged cryptoverse inside the cryptoverse. That’s why it’s already the world’s third busiest blockchain, and it keeps gaining followers all the time. It has all the features Ethereum had when it became big, but it has a lot more new things to offer, and it has no gas price (but you have to pay for bandwidth and energy).

Tron is trading at $0.0152 as we write this article, and it’s in green numbers to the tune of 1.99%. It’s capitalized at $1,005,404,567 and ranked 12 at coinmarketcap.com.

Overall, Tron is pushing towards a decentralized system. With the addition of new tokens on its new decentralized exchange, we could see a big push in the worth of Tron very soon.

TronWeekly congratulates Debasish Das on winning 1 million TRWJ coins in writing contest

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The jury has decided on our writing contest and the winner is Mr. Debasish Das, author of the article “Beginners’ Guide to Success in Digital Assets Investments”. As promised, the winner, Mr. Das, is going to get one million TRWJ tokens.

Debasish’s entry in the contest is a very clear, sober, and purposeful guide for those who want to get in the cryptosphere but lack the experience. It’s written in the form of an eleven point checklist of things that no crypto-newbie must forget when it starts delving into the blockchain markets.

The winning article wastes no time on jokes or tangential matters. All the text is relevant and it manages to cover in fewer than a thousand words every relevant skill and attitude that newcomers to the cryptocurrency market must cultivate continuously if they want to succeed.

TronWeekly
The writing competition announcement that went out earlier this month.

The text is informative without being technical, it’s short and easy to read, and we would recommend it as a good starting point for any person interested to get started in crypto. Above all, it’s down-to-earth, very objective and dispassionate.

The article is no apology for the cryptoverse but a calm heads-up, which is particularly important right now because the current market conditions ignite very strong passions even in some otherwise neutral observers.

Accurate, unbiased, yet optimistic, we’re sure that this article will become a must-read for newcomers all over the world.

About Winner

TronWeekly
Debasish Das, the winner of our writing contest.

Das is from India, an engineering graduate and holds a post-graduate degree in management. Having spent more than a decade in the financial sector, working for one of the biggest MNC banking groups in the country he decided to pursue the path of entrepreneurship to achieve greater freedom and success in life. Currently, he has business in e-commerce, insurance, and consultancy.

As an avid blockchain and cryptocurrency enthusiasts, he believes in investing in the future of technology and feels this is going to make the world a single marketplace and also give the power from centralized banks and governments back to people.
Debasish’s passion is traveling and has plans to use the gains from cryptocurrency to fast track ticking his bucket list of traveling 100 countries.

Congratulations to Debasish Das our winner!

Top/featured image courtesy of Pixabay.

Tron (TRX) keeps growing and delivering

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Tron is a very rare blockchain project. Forget the huge ambition it has to decentralize the web using blockchain technology. Forget that it would render central authorities on the internet powerless.

Forget that, if it has its way, Youtube will never dictate terms again to a video blogger because he will be able to monetize his content directly from his audience using TRX tokens. Forget the incredibly adept marketing. Forget as well Justin Sun’s charismatic leadership and reputation.

But remember this: Tron is, very probably, the only project in crypto that has always delivered every promised milestone in time. On top of that, every time that happens, the new technology works according to expectations or better. That’s probably what makes Tron the rarest community in the cryptoverse.

Tron has delivered several milestones throughout the year already, and it’s kept growing at a very fast pace even when the market has been going down for eleven months and the TRX price has remained stalled, probably because it’s pegged to BTC which has had a terrible year and threatens to go all the way to 3k in the following days.

This week is one of those that just make Tron’s achievements more evident. The network has surpassed 2,000 online nodes as of November 26th.

This is amazing news for Tron. This is an organization that’s barely older than a year and, in such a short time, it’s managed to become one of the most reputed projects in the cryptosphere. It keeps growing, innovating and making bold moves that make sense, like buying BitTorrent.

But in many ways, this is just the beginning. Think about Ethereum (which is the place in which Tron started before it became an autonomous blockchain). The gas price is high, the token’s value is low and keeps dropping, and the network has not scaled its speed to accommodate the needs of all its users.

In days or weeks to come, we could see a migration of fed up Ethereum users and developers who want and need to do their work in a different network where the digital grass is greener. They are spoiled for choice as Cardano, EOS, and Tron can all accommodate them, but some of them (if not most) will surely choose to move to Tron, which will boost membership, developing efforts and will promote even more growth.

As we write this, Tron’s Tronix (TRX) token is at $0.0149. It’s holding ground against the dollar as well as the Bitcoin. It’s ranked 12th by market capitalization (again, it’s been barely a year) at $984 million.

More big things are about to happen for Tron. As you read this, the Tron foundation is getting ready to deploy the mechanism by which it will reward BitTorrent users all over the world for seeding their content.

As BitTorrent gets integrated into the Tron blockchain, millions of old BitTorrent users will become new Tron users (maybe unaware) that will receive coins as an incentive to keep BitTorrent going. It’s expected that BitTorrent’s performance will increase as it joins Tron and, also, that torrent users will seed their files for longer periods so that they can rip the benefits. That will boost demand for TRX.

Image courtesy of Pixabay.

Tron, BTC, and BNB in the mix as BitTorrent accepts crypto payments now

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BitTorrent Inc. is a Tron subsidiary (recently bought) and it’s the company behind the world’s largest decentralized P2P communication protocols and products which you surely already know: BitTorrent and µTorrent.

In a highly anticipated move, since it became part of the Tron world, the company announced that its popular Ads Free  and Pro products can now be bought using three digital assets, namely, Tron (TRX), BNB, and Bitcoin.

CoinPayments.net, one of the world’s leading payment processors for cryptocurrencies will provide the service for the company and its clients. Thus are decentralized currencies, and one of the most widely used decentralized applications in the world, joining forces at last.

“BitTorrent joins a growing list of online companies whose products and services accept TRX as payment,” said Justin Sun, Founder of TRON and CEO of BitTorrent. “With BitTorrent’s over 100 million users, the move helps increase the use of TRX in online marketplaces while giving consumers more options to unlock value from BitTorrent’s premium products.”

So now your alternative coins enable you to pay for one-year subscriptions of BitTorrent and uTorrent products which include Ads Free and Pro for Windows. Pro has anti-virus and anti-malware capabilities, it can convert multimedia files between formats and offers HD playability.

BitTorrent

BitTorrent started in San Francisco as a peer-to-peer file sharing network in 2004, at the time in which eMule and eDonkey, as well as a multitude of other P2P networks,  were competing for users.

Only BitTorrent remains relevant these days. BitTorrent enables users to share large files through the internet through a set of distributed technologies that allow for efficient scaling. This enables legitimate third-party content providers to offer data to their users.

Linux distributors, for instance, have been shutting down their download servers for CD and DVD images and, instead, offer them through BitTorrent. It saves everybody a lot of time, and a lot of money to the company.

BitTorrent’s applications are installed in millions of computers in 138 countries around the planet. It has at least a hundred million users in every possible operating system.

Tron

Tron is a blockchain 3.0 project with a mission. To accelerate the Internet’s decentralization process using blockchain technology and decentralized applications.

It’s one of the world’s leading public blockchains and, after recently acquiring BitTorrent, it’s the largest decentralized digital network ever to exist in the globe.

After Justin Sun Founded it, on September 2017, Tron has delivered on an interrupted stream of successful milestones which include the launching of an autonomous main net last May, network and token independence on the next month, the Tron Virtual Machine on August, and the Tron Developer’s kit last month.

When Justin Sun announced that Tron had bought BitTorrent, it created a lot of buzz and expectation, so the whole cryptosphere has been waiting to see what kind of developments could result of this “marriage”.

This is the first one, but as Tron incorporates the torrent network to the main net it’s expected that BitTorrent’s performance will increase and that users will be rewarded with TRX tokens for seeding their content. This could improve the network’s quality as more people seed more files for longer periods of time.

Image courtesy of Pixabay.

Tron CEO Justin Sun expects 400% growth in DApps in next 30 days

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Tron Foundation published the second report on DApp weekly performance last week. The report hinted rise in the creation of DApps as many developers have started to build their decentralized applications on Tron ecosystem. Currently, more than 20 DApps are up and running on its blockchain.

The usefulness of the DApps is attracting more grounds and some of the top DApps on DAppRadar like TRONDice is going very well. To be more specific, TRONDice, which is a gambling DApp stands in green by 283%, traded 66,399,382 as of the day. Likewise, TRONbet, DiceBet, and WINToken Games are also in strong position.

So, more than 20 decentralized applications are running on Tron blockchain now already. Due to the wide utility of the DApps, it is highly anticipated that Tron mainnet will be supporting 80+ Dapps in upcoming days. That’s something the blockchain firm founder believes so. Earlier today, Mr. Justin tweeted to express his views about current status DApps and his expectations concerning the growth ahead:

As the different groups of developers have started to develop more and more DApps on it, it is more likely that Tron mainnet will have a rise in DApps running on it. But it remains to be seen that whether 400% growth is attainable or not.

Tron has made an excellent progress so far this year. Yes, it’s going down but the market has not spared anyone including Bitcoin since the king seems to be nosediving at its worst. It is worth noting that despite the decline in price, Tron has been consistent in making progress; some of its recent strides include the launch of its Accelator project, successful Mainnet launch, and DEX release.

Yesterday, Tron CEO Justin Sun tweeted to declare another achievement of Tron DApps that Tronbet has surpassed Ethereum IDEX by performance and usage. Undoubtedly, Tron-based DApps are gaining popularity due to the Sun-led blockchain’s abilities and degree of efficiency which probably is only because of the tireless convictions of Justin Sun and his team.

TRX market overview

As of writing, Tron is 12th best cryptocurrency by market cap, trading at $0.012 and is down by 2.30% in the last 24 hours.

Image courtesy of Pixabay.