TronWeekly

Crypto World News

You are here: Home / All Posts

All Posts

TRON dApp Users Surge by 239% in the Last Month

by

According to recent charts tracking the dApp performance and their daily active users (DAU), TRON dApps have seen a massive increase in the number of users within the last month. On January 8th, TRON dApps had around 18,500 active users — a number which has skyrocketed to 62,724 as of February 8th.

Within a single month, TRON dApp DAU number surged by 239%, while Ethereum lost around 31% of its DAU or 4,275 users. Another big competitor in the dApp sector, EOS, has also seen growth in its DAU, although a much smaller one of only 14% (9,534 users).

Why did TRON’s DAU number grow?

TRON has been one of the most popular projects in 2018. However, it recently started attracting even more attention due to several events.

The first one is the launch of the BitTorrent token (BTT), which happened on January 28th, 2019. The token sale was held on Binance Launchpad, a platform dedicated to increasing exposure of promising projects. BTT is a part of TRON’s ecosystem, and the event has been very beneficial for TRX as well.

Another reason why TRON has seen more activity recently is also connected to BTT, and it includes a series of airdrops that will gift BTT to TRX holders. The airdrops are expected to happen on occasion throughout the next six years.

Furthermore, the largest cryptocurrency exchange in the world, Binance, decided to support TRON and BitTorrent, which brought additional attention to both projects, as well as to TRON’s entire ecosystem. So much so, in fact, that TRX managed to double its value within only 30 days, starting from December 17th, 2018. During this period, TRX price grew from $0.0127 to $0.025, with the coin’s current price being at $0.026498, according to TradingView.

Also, TRON’s dApps have been relatively popular in the crypto community ever since they appeared on its platform, most of which are gambling and gaming-oriented. As a result, the TRON ecosystem has become one of the fastest-growing ones in the crypto space, and the recent reports regarding its DAU numbers confirm it.

Image courtesy of Pixabay.

Buying stocks using Bitcoin is now possible using Abra Wallet

by

On Wednesday, the US-based digital currency exchange and wallet provider, Abra Wallet, announced via blog post that it has upgraded its global investment app. As a result of the upgrade, the app will now allow users to invest in commodities, stocks, and ETF (Exchange-Traded Funds) with Bitcoin.

The San Francisco-based firm has urged all its users from 155 countries worldwide to sign up with them to invest in 50 new investment assets using Bitcoin. The investment can be as little as $5 and it is with zero trading cost for the whole year of 2019.

The platform is ready to provide a package deal on which opportunists can invest in stocks such as Facebook, Apple, Google, Netflix, Amazon, and Coca-Cola, fiat, exchange-traded funds, and cryptocurrencies.

Bill Barhydt, the Founder and the CEO of Abra commented on the development as following:

“We’re are going to start with popular US stocks and ETF’s and add more global assets in the coming months. Of course, all of the great features for investing in the cryptocurrencies and fiat currencies remain fully integrated as well.”

Mr. Barhydt further went on by saying that Abra contributes to the trades and investments using the crypto collateralized contracts (C3s). He explains how these contracts work, in Abra’s CEO words:

“[I]f you want to invest $1,000 in Apple shares you will place $1,000 worth of Bitcoin into a contract. As the price of Apple goes up or down versus the dollar, Bitcoin will be added to or subtracted from your contract. When you settle the contract – or sell the Apple investment – the value of the Apple shares will be reflected in Bitcoin in your wallet which can easily be converted back to dollars, or any other asset for that matter. When you enter into a C3, you’re effectively creating a smart contract which automatically determines – based on the price of the Apple shares – whether you have made money or lost money. The underlying Bitcoin collateral then adjusts itself accordingly to be equal to the value of the Apple shares.”

To put simply, investors will be setting up Bitcoin as collateral to invest in stock or an ETF. Bitcoin will be added into or subtracted out of their account as the status of the value of the assets shapes over time.

Abra will be the one taking risks in all of the contracts on the platform, but the risks have been carefully fenced and the system has gone through many trials for testing purposes on many contracts.

The CEO of the digital exchange ensures about it saying,

 “Abra has already successfully processed hundreds of millions of dollars worth of these investments contracts and has never lost money on them”.

The development has brought a lot of excitement in the crypto community even though the platform will likely be less useful for US-based investors because of the easy access to the US stock market, but it will surely be a game changer in the regions of the large unbanked population where access to the said stock market is comparatively difficult.

According to Barhydt, the platform was designed to assist the investors from those regions, who were unable to invest in the global stock market previously, with these investment opportunities.

Caitlin Long, Co-Founder of the Wyoming Blockchain Coalition and a wall street veteran also expressed her appreciating views about this huge and game-changing development by Abra. Her tweet reads:

Image courtesy of Pixabay.

First BitTorrent (BTT) AirDrop Details

by

The first airdrop of BitTorrent (BTT) is scheduled for February 11th, 2019, and it will be distributed to TRON (TRX) holders by the BitTorrent Foundation. The airdrop will be executed after the TRON network reaches the height of 6.6 million blocks, and it will include 10,890,000,000 BTTs, or 1.1% of the token’s circulating supply.

The airdrop will be the first of many in a series which is expected to go until 2025.

How to qualify for the airdrop?

The airdrop is already supported by multiple cryptocurrency wallets and exchanges, and those who wish to participate need to fulfill two conditions. The first one includes holding an amount of TRX coins, and the second one is to ensure that the coins are stored in a wallet or on the crypto exchange that will support the airdrop.

Some of the wallets and exchanges supporting the airdrop include Binance, OKEx, Bithumb, Huobi, Huobi Wallet, Koinex, Cobo Wallet, WazirX, Coin Tiger, FCOIN, Bitple Wallet, Gate.io, Coinex, and others.

Details about BTT

BTT is a TRON-based TRC-10 token which was launched on Binance Launchpad on January 28th. The token was exposed to over 10 million Binance users, and the sale was over within 15 minutes.

The coin is to be used in the BitTorrent platform for making transactions and rewarding users for providing their own computing resources. The mentioned series of airdrops is expected to reward TRON holders with at least 10.1% of the BTT circulating supply in the following years.

The circumstances were also very beneficial for TRON (TRX) as well, as the coin started experiencing growth while most of the other cryptocurrencies have been experiencing drops in price due to the crypto winter. In a period of only 30 days, starting on December 17th, TRX price doubled, going from $0.127 to $0.025. At the time of writing, the price of TRX stands at $0.026058, after a 1.02% increase in the last 24 hours.

Image courtesy of Pixabay.

DISH becomes one of the earliest mainstream company to accept Bitcoin

by

In the past, skeptics have disputed the fact that Bitcoin as a currency has no distinguished value, due to the fact that it hasn’t been widely accepted as a means of payments. Indeed, Bitcoin arrived at the international and financial scene when the world’s financial markets were witnessing a slump.

For many, Bitcoin is relevant and a game-changer for the financial industry. It is now seen as a store of value – somewhat a digital gold which also has the potentials of being a reserve currency. Even as Bitcoin’s use-cases increase and continue to go against all odds, one of the biggest pay-Tv provider, DISH, is making use of Bitcoin as a means of payment for subscribers.

Not only that, DISH is known to be the first pay-tv provider to offer cryptocurrency as a means of payment for subscriptions. However, DISH executive vice president and chief operating officer, Bernie Han had something to say:

“We always want to deliver the best and deliver choice and convenience for our customers and that includes the method they use to pay their bills. Bitcoin is becoming a preferred way for some people to transact and we want to accommodate those individuals.”

DISH Network Corporation offers more than 14 million pay-tv subscribers with the best technology and programs with a great value as of 2014. Subscribers on DISH are offered more than 200 channels with high-definition programs. The network also prides itself by supplying 110,000 hours of disaster relief in the form of broadband and TV-services.

Additionally, Coinbase has been the medium chosen by DISH to process BTC payments from subscribers who wish to pay their TV subscriptions from their BTC wallet. Bitcoin payments on DISH is being facilitated by Coinbase’s Instant Exchange™ to U.S dollars.

DISH subscribers are given the opportunity to choose between Bitcoin as a payment option or debit cards or bank account for their TV-subscription. These mediums are to provide an easy way for subscribers that want to make an instant payment online.

No doubt, cryptocurrencies are gradually becoming an important means of payments, thus, getting the same recognition as fiat currencies. Cryptocurrencies (like Bitcoin) reduces credit card fraud and they are inexpensive for merchants who want to make payments.

Bitcoin’s use-cases are significantly increasing and people are starting to pick up the notion that the digital asset is real and can make a huge change in the second and third-world countries dealing with hyperinflation.

Notable crypto-enthusiasts: Anthony Pompliano and James Anthony Williams have quoted the significance of Bitcoin’s use-cases and other cryptographic technologies. Also saying that Bitcoin will one day be some sort of a store of value very soon.

Bitcoin can be used a means of payment; in making donations, tips and so on. This, however, has opened doors to its numerous use-cases nowadays and it keeps spreading day-by-day.

Undeniably, Bitcoin’s utility as a means of exchange keeps increasing despite its price swings and volatility. The cryptocurrency still has more potency to bring a positive change to every economy; it will become apparent as new use-cases become prevalent and widely known.

Image courtesy of Pixabay.

Meet DarkMatter (DMX), an exciting Tron-based token by Moon Marketing

by

DarkMatter is the way in which Moon Marketing will blend gamers with Tron’s blockchain’s tech.

It’s inspired by astronomical dark matter which was first observed in the early 1930s by Fritz Zwicky who first observed clusters of dark galaxies (which means that those galaxies were composed mainly of lightless matter).

Those galaxies have been the driving force behind astronomy for decades right until now. Especially since 1998 when those observations (centered in supernovas) told us all that most of the universe is dark matter and/or dark energy.

So now, Moon Marketing is merging the average gamer with blockchain technology. Sounds idealistic? It is. It’s also plausible as a bridge that can exist between the Tron network and gamers. It’s accessible, exciting and rewarding for the average Tron gamer.

DarkMatter has already many use cases designed to reach the aforementioned goal, and it will cater to gamers of all kinds. If you are among the largest e-sport players in the world or if you just enjoy playing one or two of Tron’s main dApps occasionally, this token will have something to offer to you.

What will those use cases be?

As a currency:

  • It will be a form of currency every bit as much as a way to acquire benefits in many different apps that run on the Tron network.
  • When it comes online, a private sale of DarkMatter will let you know of an important partnership with a colossal crypto app that is available on Android and iOS.

Social media mining:

  • Interaction with MOON will earn you small DarkMatter tips.
  • Members will have a room of their own that will reward their social media interactions (such as RT, shares, likes, etc.).
  • The room will have weekly and monthly rewards for all those who interact with the community and with our partner’s social media. Other projects will also be present to create awareness.

Gaming and DarkMatter:

  • Moon Marketing will host to which will be for the players and by the players. They will be open to everybody as long as there are slots available.
  • If you hold some DarkMatter but can’t join a tournament, you’ll still be able to place wagers on the tournament, sponsor a team or a player, and buy ad-space during streamed events.
  • We will work with LFG (Looking for group) which will allow our community members to link up amongst them and play many different games while earning some passive income.

Physical MOON branded products:

  • Moon Marketing has an apparel line comprised of limited edition products. They will be available at their online store and will be announced in the near future.
  • The products won’t be offered arbitrarily, but they will be picked by the Moon/DarkMatter community from a design pool provided by the community.

The token’s ICO started yesterday already, and it will offer several million tokens at different rates.

The DarkMatter (created by Moon Marketing) is a TRC10 token (which means it will be based on Tron’s token technology and TRX). 100 Billion tokens were created by the issuer, so the plan’s ambitions are met. 70 Billion of the tokens are already burnt, so the current total supply is of 30 Billion DMX.

For your general information, you can burn any TRC-10 token by just transferring it to Tron’s Foundation official burning wallet ( TLsV52sRDL79HXGGm9yzwKibb6BeruhUzy).

So now you know about DarkMatter (DMX)! Share and enjoy!

To learn more, please stop by Moon Marketing’s Telegram at https://t.me/MOONMarketingfirm

Tron launches another development tool, Tron-Station

by

The crypto market is struggling for quite long now, not a secret – eve Bitcoin, Ripple, and Tether, which are usually considered as the giants of the crypto-verse are trying to find their way back on. It is more than more than a year now since the market fell into the trap of barbaric bears and it’d be fair to say they are injured so badly now that when the next bull run comes everyone might undoubtedly take some time to reach back to their original potential.

But guess which cryptocurrency is the one who not just managed to tighten its grip on the ongoing repetitive devastating circumstances but has also taken phenomenal measures to make sure that it would recognize itself as the dominant while reaching the new unimaginable heights when the clouds of this violent bearings shatter and provide a real sense of the new morning after a really long night of horrors . Yeah, you guessed it right. We are talking about Tron.

We’ll get a look at those developments a bit later, first, we ought to talk about the new addition to the Tron’s armor. This Tuesday, the Tron Foundation announced that they have made another development kit for developers to ascertain the crypto’s energy, bandwidth and maximum energy limit to deploy a smart contract. The announcement was made using the foundation’s official Twitter account as follows:

What is Tron Station?

It is actually a web application and Javascript API Library for calculating energy and bandwidth consumption that is based on Tron network. With the help of it, developers can quickly review energy and bandwidth related information before making a transaction or deploying a smart contract through it.

Now calculating units, bandwidth, energy, and SR vote reward on the crypto Network has become quite easy by using Tron Station Web Application’s simple user interface.

The announcement brought overwhelming responses from the crypto enthusiasts, and they have appreciated the additional feature provided for the developers and investors to research before they invest their time and money in Tron.

Remember, it is not the only development tool kit provided by the foundation. A few months back, the foundation provided the first development tool kit comprised of TronBox, TronGrid, TronStudio, and TronWeb – to assist programmers in creating content, smart contracts, applications and all kinds of other superb things on the Tron Blockchain.

Now let’s talk a bit about those developments and landmarks it achieved during this long bearish period. Though the list is quite long, we start mentioning the launch of BitTorrent’s token BTT to streamline the process of peer-to-peer data sharing on BitTorrent platform.

Another cool stride of Tron has been the success in attracting many top application developers to use the network’s blockchain to develop their decentralized apps as well as convincing many to transfer their applications from other networks onto Tron.

Sun-led blockchain company also did a great job at developing the real-life use cases’ roadmap with BitTorrent, one of the famous data sharing platforms by forming a project dubbed as the Project Atlas, which will go a long way in realizing Tron’s vision of forming a decentralized web.

The accomplishments mentioned above are the ones that have gained recognition by many experts and are considered to be the key ones to take the crypto onto new heights when the next bullish trend comes.

Image courtesy of PixaBay.

Tron’s BitTorrent adds another feather to its cap; records sixth highest market volume

by

Tron and its partnerships have created a storm in the cryptocurrency space with several updates and developments coming from the Justin Sun led cryptocurrency company. This move has only been overshadowed by Tron’s recent bullish surge on the charts, making it one of the biggest gainers on the charts.

Latest reports show that Tron’s acquisition BitTorrent’s BTT token has grabbed the sixth position on the cryptocurrency charts in terms of trading volume. The coin which was just released last month is also closing in on six times the pricing of is Initial Coin Offering [ICO] a week ago.

Recently, BitTorrent recorded a flash hoke where it pumped by over 50% within hours. At press time the token is valued a $0.009611 while recording a market cap of $546 million. What made the volume figure jump out was the fact that it as more than that of popular cryptocurrencies like XRP, Tron, Stellar and Bitcoin SV.

The BitTorrent token was also in the news recently when its public sale got over in record time on the Changpeng Zhao led Binance. A total sale of 59.8 billion tokens was made during the sale. The timing could have been cut short if not for a technical glitch that was pointed out by both Changpeng Zhao and Justin Sun. Sun had tweeted:

“I would like to explore the possibility with @binance to giveaway free $BTT to everyone on launchpad fails to get #BTT today. #BitTorrent community wants you! Not 100% guarantee. Need to figure out detail. BUT RT if you agree! @cz_binance #TRON $BNB $TRX”

The Tron CEO had also revealed that 5000 BTT tokens were successfully transferred in an airdrop. He further said:

“#BitTorrent (#BTT) has completed an airdrop of 5,000 $BTT to all users that were eligible but unsuccessful in purchasing BTT on @binance Launchpad. #TRON #TRX $TRX”

Image courtesy of PixaBay.

How can you support Tron (TRX)?

by

If you’re interested in supporting Tron, then you probably already know all about the project and its ambitions, but we’ll review the basics anyway.

Tron is a third-generation blockchain programmable platform that became independent from Ethereum some seven months ago. It includes a native token (TRX or Tronix) but also a lot of more sophisticated features like the ability to deploy centralized apps, smart contracts and to create new cryptocurrencies based on Tron’s token technology (Tronix itself started life as an Ethereum-based token).

It’s probably the most versatile project in crypto along with Cardano, EOS, Ethereum, and Stellar Lumens. But Tron has a very specific goal to achieve: to decentralize the web in full.

Total web decentralization is a very ambitious goal. It means that the whole of the web will, slowly but surely, move to Tron’s blockchain in which no central authorities (Google, Amazon, Youtube, Facebook, Microsoft, etc.) will be able to dictate terms in the way the content is produced, published or consumed. This will, in turn, enable content producers to monetize their work directly from users using Tronix as a real-world currency.

This is, in fact, already happening. As you probably know, Tron bought BitTorrent a few months ago. A few weeks after the operation was completed, Justin Sun (Tron’s CEO and founder) announced Project Atlas.

The new project will merge the current BitTorrent network (which is the largest decentralized P2P network in the world) into Tron’s network. BitTorrent has recently issued a token called BitTorrent Token (BTT) which will be used to reward those BitTorrent users who use their own resources to seed their files.

The longer you seed a file, or a set of files, the more BTT you will earn. Then you can go to one of Tron’s decentralized token exchanges and trade them for TRX or any other of the manifold cryptocurrencies based on Tron technology that is already available. You will even be able to trade your BTT for TRX and then use your TRX to buy Bitcoins or any other cryptocurrency you fancy, but you will probably have to use a different exchange for that.

It’s a very promising project that has delivered every promised milestone on time, and working correctly. The network has grown in size, user base, and transfer volume dramatically over the last few months while being submerged in a very pessimistic crypto environment. The token also has found ways to grow in value. Over the last few weeks, it’s gong from 11th to 9th place in market capitalization, and it’s grown 40% only this year.

So we go back to our initial question: how can you support Tron’s growth, price, and success? There are a handful of very concrete actions you can take easily to do that. Here they are:

  • Freeze your TRX tokens every now and then. Why? Read the next point.
  • Vote for Super Representatives who contribute the most to the network’s growth. Super Representatives (SR’s) are the nodes in the network that produce blocks. They’re the engine that keeps the project going, and they’re not elected arbitrarily but by popular vote from the Tron community. But in order to vote for SR’s you need to freeze your TRX for a while. Every Super Representative has a different agenda, and each one offers different things to the network. So find out which one is the best for everybody and vote. Also, voting can often get you a reward in TRX.
  • Re-invest the rewards you’ll earn from voting, and keep freezing some and voting many times over.
  • Use Tron’s decentralized apps. Many of them are a lot of fun, and some even will provide you with some passive income. By using the apps, you help to create trade volume for TRX (hence, value) and you support the project.
  • Educate yourself. Read the white papers about any of the individual Tron projects that catch your imagination so you can talk with authority about them to your friends, co-workers, and family and encourage them to join.
  • Fight FUD whenever you see it arise in any forum or conversation.

So now you know. Tron is not in Justin Sun’s hands. It’s in yours, and you can make it work by just having your fun around the Tron ecosystem.

Image courtesy of Pixabay.

Tron keeps making right moves and securing accountable accomplishments

by

If we look at the first month of this year, the reports are kind of scary in general for almost all of the digital currencies followers. Where bears had continued to tighten their grip on the major cryptocurrencies one day or the another, genuinely testing the faith they have had develop within their communities. When it comes to Tron though, the matter has not been the same for the 8th largest cryptocurrency in the world, in many regards.

It’s not that the Sun-led cryptocurrency completely saved itself from getting affected from the bearings, but the effect it has had on Tron is nothing compared to what it had on the top 10 cryptocurrencies of the crypto-sphere.

In fact, Tron is the only digital currency in the top 10 list which has had a significant positive ride in the past month. Tron managed to gain 35% in the meantime where other giants of the market struggled.

Compared to Tron, Bitcoin dropped 9%, Ethereum lost 23%, XRP fell 14%, EOS dropped down by 12%, Litecoin managed to rise by 1%, Stellar dipped 29%, and Bitcoin SV lost 29%. In the course of its gains, Tron also managed to secure the 6th spot, temporarily, leaving Litecoin and Tether behind.

To talk about the developments and accomplishments which caused Tron to secure such magnificent results during the time when all other major cryptocurrency struggled, the first thing that outshines all is the Dapps influx.

The lucrative offers it ensures such as no GAS fees and higher TPS (Transaction Per Second) have caught the attention of the Dapps creators who were getting sick of the overcrowding on the Ethereum platform. Because of this, a considerable number of the Dapps moved onto the Tron Network along with six applications which are rating in the top 10 at the moment.

On the other hand, the BTT token of the Tron’s acquired BitTorrent is also one of the favorite gossips of the sphere. Tron’s Project Atlas looks promising to encourage seeding on the BitTorrent network, which has a massive base of 100 million, by linking it with BTT token which is hosted on the Tron network and will serve as the payment instrument on the Torrent Network. Tron hopes to increase its adoption further and attract more famous applications to move onto the network.

Can Tron maintain its magnificent stride?

Yes, Why Not? Having Justin Sun as a CEO, whom energetic marketing skills of keeping the community well informed about the upgrades and potential partnerships through his timely tweets on twitter won’t just let the hype subside. Also, there is massive support around for Tron no matter if it’s on Twitter, Telegram or Reddit.

And of course, selling the BTT token on the Binance Launchpad in a record 14 minute, raising over 7 million dollars is not something you can ignore easily.

There were lots of negativity about the project when it started, many people were accusing it to be a scam, but over the period of time, they have changed their minds now. Interestingly, the prominent rating agency Weiss Crypto rating, who was among those haters, also confessed that Tron truly has become as one of the most popular currencies in the world, which undoubtedly negate their initial opinions about the project.

Image courtesy of Pixabay.

Duel arrives in TronBet, here’s all you need to know

by

TronBet is turning the decentralized application world upside down. It’s become the world’s most important app by trading volume (from 6 to 24 Million USD daily according to dappradar.com), and it’s changing the way in which games and bets are done online around the world.

OK, let’s start at the beginning. TronBet is a decentralized app running on Tron’s network. It’s a betting app that includes three games: dice, moon, and ring. Many features put TronBet in a different league than any other traditional or decentralized betting platform.

For a start, it offers mathematically fair odds to every player. This is anathema in most gaming platforms. Traditionally, the house always has an edge. That’s how it makes a buck by allowing you to play without commissions. The platform’s games are as simple as they are entertaining and they’ve been gaining a loyal userbase very quickly.

So how can TronBet be profitable if it pays fair odds? Well, every prize won pays a 5% “tax,” that’s how it can manage to stay in business and earn some tokens. The good news is that the TronBet team is willing to share the profits with you. That’s why the project includes a Tron-based token called Ante.

Every 1000 TRX you bet at TronBet will get you an Ante token. And holding that coin is going to earn you the right to participate in TronBet’s profits. The more Ante you hold, the bigger your share in the site’s profits. This is an online casino that plays fair and is also willing to reward you for playing via a custom token and profit sharing. This is nothing short of revolutionary in the gaming world, be it traditional or blockchain-based.

And now the platform has increased its product offer by releasing a new game called “Duel.” The new game is an extension of sorts to the previously existing “Ring” (which was released last December 28th). The game is as simple as it is addictive.

You start with a ring-shaped roulette (hence, the name) in which you choose one of four available colors. Then the wheel spins, and a color wins. Then, in the next stage, you make a numerical guess. And that’s it.

Duel is even simpler. You open up a challenge by placing a bet and choosing a color. Then another player in the system can accept your challenge, and play against you for the amount of TRX you placed by choosing a different color. When the duel is set, the system chooses the winner randomly.

There are other new features at Tronbet such as the daily tasks. Every task you complete earns you points, rewards, and you can raise through the site’s levels so just joining the platform becomes something of a game in itself.

The tasks are things that you’ll probably complete anyway at some point like winning 30 times at Dice, or at Moon, or Ring, just to give you a simple example, but there’s a variety of goals to complete.

Joining TronBet is exceedingly easy. All you need is to have a Tronlink wallet (which is a chrome extension) and own a few TRX coins, which are also useful in many other platforms in the Tron network.

So TronBet gives you the chance to play a bit, have some fun, and earn a little passive income by accumulating Ante. It’s very original and convenient which is why it’s one of the world’s top ten decentralized applications.

Image courtesy of Pixabay.