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Tron (TRX) salutes the new year with a new campaign

By Ali Qamar | Edited By Ali Qamar,January 1, 2019, 9:10 AM

Justin Sun, Tron’s CEO and founder is a man who knows to use Tweeter to great effects, like a nice and intelligent version of Donald Trump. Yesterday, he tweeted something of a congratulatory message for the Tron community because of the current holiday season, New Year’s Eve, more specifically.

His tweet reads:

The year of 2018 is almost gone, are you ready to embrace the year of 2019? What’s your New Year Resolution? Share this post, @ 2friends with #niTROn2019, let us know your wishes to friends and #TRON team. #niTRON tickets and #TRX are waiting for you. $TRX https://t.co/3gibmR5YcZ

— H.E. Justin Sun 孙宇晨 (@justinsuntron) December 31, 2018

The community answered enthusiastically to Mr. Sun with wishes such as “for Tron to grow in adoption, users and sophistication”, “to buy a house with $TRX”, “to confirm the #TRX moon”, “My New Years Resolution is to continue to WORK, #HODLTRX and accumulate more, to run another half marathon, and to continue my support of the #TRON ecosystem on and offline. I want to double my hodlings of $TRX by this time next year.”

Tron is one of the blockchain communities with the tightest, most committed members, as is apparent from their new year’s wishes. And they have good reason to be pleased about the currently ending year and to look forward to the future optimistically.

As 2018 started Tron was a fledgling project that was recently launched over the Ethereum network with an ERC-20 based token called Tronix (TRX) and it was all working well, or at least as well as it could be expected at the Ethereum level since that network has had performance issues all year long.

Even before the year began, Tron’s leadership realized that the project’s huge ambitions (to decentralize the whole web and content production systems using Tron’s blockchain, no less) were going to need a network way more powerful than Ethereum’s. So they started to work on a new, independent, network called the Tron Main Net. Which went online in May, after several successful developing stages.

But that wasn’t everything. After that, the project released its new virtual machine, a developer’s kit, several websites, a decentralized crypto exchange, a weekly online magazine. It acquired several important new strategic partnerships. Every milestone was delivered on time and it worked correctly too.

Perhaps most importantly was Project Atlas. Mr. Sun had the idea to buy BitTorrent, so he went ahead and did it. So now Tron owns the world’s largest decentralized network and it’s going to integrate it into the Tron’s blockchain. It will reward seeding with TRX tokens and from one day to the next Tron will be the world’s largest content provider through BitTorrent.

So it’s been a very good year for Tron, and community members are picking up on that. They’re being quite optimistic and hoping for great things for 2019. And we can’t argue with that. Tron is a solid project in which the fundamentals are strong because the network has some very interesting use cases and it’s not based only in the speculative power of a cryptocurrency, which is too often the case with blockchain projects.

Image courtesy of Pixabay.

Filed Under: Tron (TRX)

Tron’s fundamentals still strong, TRX bulls mounting

By Ali Qamar | Edited By Ali Qamar,December 30, 2018, 11:17 AM

Things keep happening for Tron. It’s processed more than 100 million transactions already, according to Justin Sun (CEO and founder). The community anticipated zero transaction fees by the Friday that just gone past, 28th.

About a couple of weeks ago, Mr. Sun reported through his Tweeter account that the Tron network has now processed more than a hundred million transactions and that the environment will probably support zero transaction first 21st.

The TRX/USD trading pair has been on the soft side of things since November 29th, after it peaked at the turn of last month. Support for TRX has remained reliable within that near-term demand zone. It has happened since last November 20th and it’s provided comfort for the coin and it’s prevented a free fall that could have brought it down below the one cent limit.

Technical behavior aside, Tron’s fundamentals remain solid as a rock. Mr. Sun keeps the community updated all the time through Twitter. A lot of promise is still held by Tron’s daily transactions and activity.

Tron went over 100m transactions

Mr. Sun went to his account on Twitter, as usual, and announced that the network is over one hundred million transactions. He tweeted:

#TRON has reached 100 million transactions today. #TRX $TRX pic.twitter.com/HrDFQxn6Te

— H.E. Justin Sun 孙宇晨 (@justinsuntron) December 16, 2018

As you can see above, Sun also provided a screenshot of the platform which provided proof of the transaction numbers.

Two million per day

Mr. Sun has not stopped ringing the bell of Tron’s achievements. The project keeps breaking new records all the time and Mr. Sun is there to let us know. Recently, it went over two million completed transactions per day which are quite impressive in its own but even more so when you compare it with other players, as in this tweet:

#TRON's new record of 2,64 million daily transactions in comparison w/ the Top 5 #crypto👇🏽#TRX 2,646,532 Txs volume is:

9.6 times more than #Bitcoin's 275k
4.6 x #Ethereum's 567k
4.1 x #Ripple's 633k
188 x #Tether's 14k
264 x #Stellar's 10k#IAmDecentralized 🖖🏽#TronFOMO$TRX pic.twitter.com/USVIQ6Jspf

— Misha Lederman (@mishalederman) December 15, 2018

‘Zero’ Transaction fees about to arrive.

Keeping his Twitter account alive, Mr. Sun also posted this:

Breaking News! 📢📢📢

The transaction fee of #TRXMarket has dropped to 0.1% at 07:00(UTC) on Dec 14th! 👏👏 And 0 transaction fee will be realized by next Friday, go trade: @ https://t.co/tflRhfOusM tele: https://t.co/TjFjcXhsk2 #TRON $TRX @justinsuntron @Tronfoundation

— PoloniDEX (@PoloniDEX) December 14, 2018

If we take Mr. Sun at face value, then the network will be at 0 (zero) transaction fees by now. And we should because this is a project in which the leadership always delivers.

Tronix vs USD trading pair: Technical analysis

This trading pair might be in for interesting gains if the bulls keep up the current momentum they’ve been providing. The current resistance level needs to be broken if the coin is going to move north and go to $0.022 and up to $0.024. Up until August, $0.016 was the currency’s support level. Breaking that level was a bit of a challenge, taking into account the acting demand. But that happened.

Then there’s the TRX/BTC trading pair which is getting near a game-changing zone. The price had hiccups during August (and October), so it’s not a sure thing at all. A quick look into the daily charts shows that a lot of bears are installed there. That causes for the price to go back down free-falling every time. If that level is cleared, then we should see a renewed tide of ‘buying pressure’ that could change the game.

Image courtesy of PixaBay.

Filed Under: Project Review, Tron (TRX)

SEC Veteran, David Labhart, confirms to speak at Tron niTron 2019

By Ali Qamar | Edited By Ali Qamar,December 26, 2018, 4:07 AM

In a recent press release through their Twitter handle, Tron foundation announced that David Labhart, a veteran SEC compliance officer, would be attending the niTron Summit that is scheduled to be held in January 2019. The tweet read:

“As one of the notable experienced SEC Compliance Officer, David Labhart, will be giving his contributions at #niTROn2019 to share his views on blockchain market and its regulations. David has 15 years of experience in the securities industry working for the U.S. Securities and Exchange Commission and S&P Global Ratings.”

According to many cryptoanalysts, the scheduled niTRon 2019 event has the potential of being a hub where individuals and companies from different industries are familiarized with blockchain technology and how it stands to benefit them and make their lives not only better but also allow them to profit from the venture.

Themed as “acceleration,” niTron 2019 promises to be one of the most significant advanced tech hubs the world has witnessed in recent time with expectations high that it’s going to give cryptocurrency and blockchain technology the more exposure and adoption it deserves provided everything goes according to plan. The event is going to be held at San Francisco, the world’s most advanced tech hub.

Tron as a company that recognizes the significance of the research and development of blockchain technology hopes to make use of the event by sharing with the audience their findings and experience with developers and industry players in blockchain related fields.

“We also hope to create awareness among non-blockchain markets by sharing our experiences and knowledge on how to reap big through implementing blockchain technology. At the Summit, we will engage in a dialog concerning the current technological progress within the blockchain industry, the future of the technology, and the best practices to players can adapt to inspire the market to contribute to the development of blockchain.”

Tron to Rekindle the Entrepreneurship of Silicon Valley

For a long time, San Francisco more so Silicon Valley was perceived to be the Holy land of new technology and entrepreneurship. The energetic society of entrepreneurs, marketers, developers, investors among many other players, have all contributed to the ever-growing tech industry in Silicon Valley.

And as one of the world’s significant and promising tech hubs, Silicon Valley not only played a significant role in supporting the development and adoption of blockchain technology during its initial years but continues to do so to date.

According to reports from various researchers, blockchain technology has stood out of the pack to rank as the fastest growing technology in the tech market, with organizations hiring and looking for bright individuals who have blockchain experience to build their internal teams and projects.

And with such a strong and supportive base of bright individuals in Silicon Valley, niTRon 2019 promises to be one explosive event not only in the cryptocurrency and blockchain world but to the entire world of money and technology.

A Big Celebrity Expected at niTRon 2019

Apart from the array of experienced cryptocurrency and blockchain experts expected to grace the event, Kobe Bryant, a familiar sports icon and celebrity is also expected to be on the list of individuals who are going to give keynotes speeches at the niTRon 2019 event.

Having Kobe will undoubtedly have a marketing advantage that is expected to capture the attention of a big audience in the US and other parts of the world. As it is his usual style, Justin Sun took to Twitter to express his anticipation and enthusiasm for having the basketball star on the summit platform.

“Kobe Bryant is one of the top basketball names and genius. I also happen to be a huge fan of Kobe throughout the years. It is my great honor to announce Kobe is going to be our special guest for the niTRon Summit 2019. It is prudent for me to say that Kobe is not only a basketball genius but also an investment genius. We look forward to having him and hearing his great contributions at the summit.”

Image courtesy of Pixabay.

Filed Under: Tron (TRX)

BeatzCoin is propelling Tron across Europe with the help of Deniro

By proguerra | Edited By Ali Qamar,December 22, 2018, 10:54 AM

When the hip-hop scene in the Balkans began to take off, Danijel Mitrović who is better known as Deniro, emerged as a central piece of the rap arena. Artists like Deniro, who rise up out of the underground music world, know what it’s like to put the work in and find success in spite of outside forces like record labels creating artificial barriers and he agrees that VibraVid and BeatzCoin will help.

The VibraVid platform and its BeatzCoin (BTZC) economy will be very similar to many other social, content-sharing platforms, where content creators can upload their work, and users can absorb that content.

But with VibraVid, our token BeatzCoin, will be used to perform certain transactions and functions that allow artists to connect directly with fans without labels siphoning off profits as nothing but middlemen.

The goal is to reach mass-adoption amongst aspiring musicians, rappers, producers, and allow them to make the decisions on important issues surrounding distribution and advertising.

VibraVid will take the power and reach of mainstream industry giants and offer it straight up to the artists themselves. The platform will provide not only an alternative but a solution for artists looking to break apart from the unfair deals that the music industry offers.

According to a study by Next Big Sound, unsigned and undiscovered artists account for more than 87% of music-related facebook likes. Indie artists attract tons of attention but don’t have many avenues to turn likes and upvotes into real money.

The music industry is completely lopsided, but with VibraVid artists will have a means to not only get their music played but also get paid.

VibraVid will provide these solutions by giving artists back control of their art. Anyone can upload content, and charge a price for streaming, or set a price for users to download content.

You will get the majority of your earnings. The VibraVid platform receives a very small fee from premium uploaders. You get what you deserve! Likewise, forget spending hours out of your own time to market, and forget drastic marketing budgets…simply set a bounty in TRX or BTZC, and drive listeners to your content! This is marketing made simple!

By working with VibraVid and adopting BeatzCoin or TRX as your preferred method of currency, you are opening the doors to a brand new fanbase that is hungry for new music, and a brand new means of income.

For more information, you can check out the whitepaper at BeatzCoin.io, which outlines the whole VibraVid vision.

And get the most up to date information from the team by joining the official BeatzCoin Telegram channel. And by following BeatzCoin on Facebook and Twitter.

https://www.beatzcoin.io/

https://t.me/beatzcoin

https://www.facebook.com/BeatzCoin/

https://twitter.com/BeatzCoin

Check out Deniro

DENIRO:

Facebook

Instagram

Facebook page

Deniro Video Facebook

Deniro Video Production Instagram

Filed Under: Press Release, Cryptocurrency News, Tron (TRX)

Tron (TRX) gets listed on BBX crypto exchange; the lion is roaring

By Waqas Sattar | Edited By Ali Qamar,December 21, 2018, 6:07 PM

What a heartening week this has been for the crypto-sphere. Outliving the intricate era of confusion, bewilderment, and bafflement, the market is now, at last, on its course towards roaring. For the entire week, every other digital currency in the market has gained significant uplift after a dwindling period of one month. Same has been the case with rapidly growing blockchain-based platform, Tron.

At the press time, Tron is shining at the 10th spot in the market and has secured a surge of around 55% throughout the last seven days. The cryptocurrency managed to raise its trading price to $0.020 with a significant uplift in the market capitalization.

That’s not just all, the chances of its glittering are very well there. Why are we so confident about it? Well, for us the answer is the continuous diligent expansions in the Tron’s armor to make it the ever more secure for its prudent community. We will look at those developments a bit later. For now, have a glance at the latest increment to the platform’s armor.

From December 20th, yesterday, Tron is listed on the BBX.com, a crypto-based contract trading platform. The exchange is going to initiate the TRX/USDT trading pair for its users.

In his tweet yesterday, Justin Sun, the Founder and CEO of Tron, shared the advancement with his devoted community by admiring the firm’s secure, swift and easy to trade platform, worldwide.

#TRON will be listed on @BBXCOM, a leading crypto-based contract trading platform committed to offering secure, convenient and advanced trading experience to global users, with leverage up to 100x. You can trade TRX/USDT on Dec, 20, 2018(SGT). #TRX $TRX pic.twitter.com/AvtqV9RqGK

— H.E. Justin Sun 孙宇晨 (@justinsuntron) December 19, 2018

Just like any critical observer would perceive, the news brought a lot of energy around the community and amplified their passion for their beloved crypto and encouraged them to grab the opportunity that they might be waiting for a while. One observant appreciated the news by saying, Tron is taking some mega price actions and urged his fellows to be prepared for the exuberant voyage. In his words,

https://twitter.com/FernandoLiu5/status/1075348125789900801

Another devoted follower of Tron shared his excitement by committing himself to start trading on the exchange; he commented on the news as follows:

Wow, I jxt can't wait to start trading

— Theophilus Alabi (@TheophilusAlab3) December 19, 2018

Now, as we discussed earlier, let’s take a brief look on few of the recent developments on the Tron platform, which not only made it the less affected crypto from the last month-long bearing but also helped in shaping it as the next shinning digital currency one should keep an eye for.

One of the major landmarks for Tron is that it has been listed on many top-notch trading platforms (still continuing to do so). Because getting listed on globally famous trading exchanges with favorable pairs provides its community with access to the crypto for trading anytime they wish to, in a secure and speedy environment.

One other project that is being greatly appreciated by the community is its Tron Accelerator Program, with a jumbo fund of $1M to help decentralized applications that are in their start-up phases. As the name of the project implies, the central perspective of the project is to increase the growth of decentralized apps on their platform. In doing so, the Foundation hopes to be reckoned as a catalyst for the adoption of dApps.

Another project that has been massively regarded by the crypto-community is its “Tron Arcade” program with $100M in its pockets, which will be spread throughout three years. The objective of the crypto-authorities is to accelerate its adoption and to improve the gaming wing of the company.

During its launch, the Tron’s head of Business, Roy Liu expressed his vision for the project that it is to help the crypto entering the gaming industry. He went further by acknowledging the rapid growth of the gaming industry. He stated:

“Our mission is to bring the blockchain to the mass market. Games led the way to make smartphones and virtual reality more accessible. Now it’s happening with blockchain”

Image courtesy of Pixabay.

Filed Under: Tron (TRX), Tron Universe

Tron (TRX) surges by 12% amidst crypto-market recovery

By Ali Qamar | Edited By Ali Qamar,December 21, 2018, 11:48 AM

The crypto-market took a dramatic turn yesterday (December 20) as the market is beginning to take up a staircase recovery. The top-ten cryptocurrencies were red earlier yesterday, but they started making drastic positive gains as the day started moving. Today, Bitcoin, Bitcoin Cash, TRX, and ETH are among the top gainers in the market as far as top coins are concerned.

Tron, which regained much traction (again) spiked by 12.09% today and it’s still green. At the time of writing, TRX is trading at the market value of $0.019410 with a market capitalization of $1.2 Billion. It is necessary to note that Tron surged by more than 17% in the last two days for the first time in a few weeks and has moved to become one of the top-ten cryptocurrencies in the crypto-market. Subsequently, TRX’s trading volume also surged and was recorded to be more than $170 million in past 24-hours.

Yesterday, at the start of the 1-day cycle, TRX’s price was at $0.0162, and the market cap was projected to be less than what it is now (at $1.2 Billion). Gradually, the price began to take a drastic U-turn to the positive side and began trading at $0.0169 – this was the first spike. The second one came and shot the price of TRX to $0.0175, thereby increasing its market cap by $8 million – the second momentum was the highest TRX gathered that day.

There are several reasons for the surge in TRX price lately. Firstly, Binance, one of the leading exchanges in the world has stated it will be listing TRX/TUSD trading pairs, which is an important stride towards boosting liquidity in the crypto-market.

Another factor is based on the fact that Tron itself surpassed 900,000 mainnet accounts in just 178 days. Justin Sun himself stated this on Twitter to acknowledge the recent stride Tron has achieved in just a couple of months after the creation of Tron’s mainnet.

Before this stride occurred a few days back, Tron’s mainnet surpassed 100 million transactions, which shows that despite the market was on the bear side, Tron still attracted lots of investors and users in the crypto space.

Probably it is due to the increase in Dapps on its network. Alongside handling that high level of transactions a day, Tron recorded a breakthrough of more than 2 million transactions in a single day, which is many times more than the daily transactions that occur on Bitcoin, Ethereum, and Ripple.

Indeed, the current market surge of almost all cryptocurrencies is a piece of good news – for coins with real vision like Tron especially – and we hope the market gets to its full potential in the next few weeks.

Image courtesy of Pixabay.

Filed Under: Tron (TRX), Market Analysis

Tron SR Faces theft Cases, Alerts The Community about Voting

By Ali Qamar | Edited By admin,December 20, 2018, 3:26 PM

Theft cases in the crypto sphere aren’t quite new as many of these cases have caused lots of mishaps. A few hours ago, Tron Europe, a Super Representative of Tron blockchain, alerted about the theft cases within its system and advised members of its community to send their SR votes from Tron-Europe to SR-TRON-Europe.

Tron Europe made this important announcement on its official Twitter page and through a medium post. Its official Twitter post reads:

‼️‼️Important‼️‼️

Please Change your Votes to our new SR Account: SR-TRON-Europe‼️‼️

We were robbed several times, details at medium.

Thanks for your support‼️

✅We will double your Rewards for the next 3 days when voting for the new Account✅https://t.co/2kWvVCz9SJ pic.twitter.com/52cEmL06Bj

— TERCium (@theTERCium) December 19, 2018

Let’s not forget that Tron Europe is one of the Tron’s Super Representatives with the goal of representing and promoting Tron in Europe and using its rewards to increase the value of TRX in the crypto market.

The renowned Super Representative stated through the medium post that there are some people with the mind for illicit and corrupt practices within its community and indicated the theft cases the community faces in which one of its team members got robbed.

The SR proclaimed it discovered the team member who was behind the robbery cases and got him removed (no surprise). The SR confirmed that their former team member was able to use the Private Key to the Tron Europe SR Wallet to obtain funds which affected the community and its proposed projects. Understandably, Tron Europe has decided to hand the matter to the law enforcement agency to take further action concerning the case.

It was also affirmed that the theft cases not only caused the loss of funds but also delayed the Rewards made for the community in the past, in which the founder of Tron Europe, Dirk Frank, had to reimburse these Rewards using his very own money to make up for the loses.

To protect its members against further theft occurrence like this, Tron Europe has announced a change to its SR account: from Tron-Europe to SR-TRON-Europe. It has also asked the loyal members to remove the SR votes casted on the old account.

Subsequently, the SR further plans to reward its members by doubling the rewards on all votes casted in the new account within the next three days. It also stated that the incentives on the old account would be put to halt in the next pay-round – which has taken place already.

Right from the time when the announcement by Tron Europe got posted, lots of reactions have risen among the members of the TronEuopre community. The thing worth noting is, the majority of the members of the community have proclaimed their long-term support and their solidarity to Tron Europe.

Consequently, it is essential for all Tron members (not just the Tron Europe community alone) to keep themselves updated on the current news and happenings occurring on Tron’s network. And, yeah, you’ve got TronWeekly ‘exactly’ for that. So, keep visiting us.

Image courtesy of Pixabay.

Filed Under: Tron (TRX)

Tron strikes big (again); TRX hits BitMart, exchange with over 540k users

By Waqas Sattar | Edited By Ali Qamar,December 19, 2018, 6:35 AM

It seems like the month-long cruel bearish trend comes to an end as all the cryptocurrencies in the crypto-space are taking the sigh of relief and starting to ascertain what the recent brutal period has affected them in whole.

While all the giants of virtual-sphere struggled to keep themselves from getting thrashed, there were several instances for the rapidly growing blockchain-based decentralized operating system in the world, Tron, to have achieved exemplary landmarks even during that period.

While it achieved a million transactions per day, more than once, it also succeeded in gaining recognition from few of the top-ranked exchanges in the world. Just a few days ago, Tron also broke the record of 2.53 M transactions per day, to name few of the significant developments of the platform. Seems like the tireless efforts, dedication and on-time decisions of the foundation’s authority are paying off well.

The stride to become the leader of the crypto-verse does not just halt there. Just a couple of days ago, the CEO of Tron, Mr. Justin Sun, took to the Twitter for announcing its another, not easy to be ignored, development. According to his tweet, Tron is going to be listed on BitMart, one of the top 15 exchanges, starting from December 18th:

#TRON will be listed on @BitMartExchange, a premier global digital asset trading platform in the cryptocurrency market with over 540,000 users worldwide. can deposit and withdraw #TRX on Dec, 18, 2018(SGT+8), trade TRX/BTC, TRX/ETH, TRX/USDT, TRX/BMX on Dec, 18, 2018(SGT+8). $TRX pic.twitter.com/nafcmgLy3a

— H.E. Justin Sun 孙宇晨 (@justinsuntron) December 17, 2018

From December 18 onwards (yesterday), Tron enthusiasts now will be able to withdraw or deposit TRX on BitMart alongside over a half million users, globally, of the digital asset trading platform where it will be paired with Bitcoin, Ethereum Tether and the BitMart’s native token BMX.

Understandably, the announcement brought considerable excitement in the crypto-community who appreciated the news-bearer as follows:

Oh waoh! That's great

— elohex (@elohex) December 17, 2018

Another Tron lover applauded the efforts of the CEO of their beloved crypto by insisting on the fact that he is doing great work and should continue to do so, says a lot about their excitement on the recent happenings on the platform:

Keep on going, Justin!

— stangg (@stangg0) December 17, 2018

More about BitMart

BitMart is a top-notch digital asset trading platform in the virtual market with over 530,000 users globally. BitMart, at the moment, provides 147 trading pairs at lowest trading fees (competing with some) in the market. Recently, the platform initiated credit and debit card deposit options and is planning to offer full fiat services by the end of this year.

About a couple of weeks ago, BitMart announced that they are going to list TRX on their platform because they believe that it will help them to “reach a consensus in the blockchain community.”

Founder and CEO of the exchange then commented on the development by saying,

“Public chains give developers, and users access to the network with only one entrance and are based on one set of standards. As BitMart’s long-term vision is to help reach a consensus in the blockchain community, our partnership with Tron will undoubtedly facilitate us to achieve this ambition based on our shared goals.”

Tron’s Current Position in the Market

At the time of publishing this piece, Tron is making a positive stride in the market with the price standing at $0.016 by maintaining 11.5% gains in the past 24 hours while having the market cap of $1,069,736,280.

Image courtesy of Pixabay.

Filed Under: Tron (TRX), Tron Exchange, Tron Universe

Justin Sun’s Tron DApp adoption growth prediction becomes half-filled already

By Ali Qamar | Edited By Ali Qamar,December 18, 2018, 10:18 PM

Not too long ago, Tron released its major decentralized exchange called TRXMarket, where the exchange of TRC20 tokens can take place. However, we shouldn’t forget that the exchange of TRC10, which is the major block for the improvement of Tron ecosystem, hasn’t changed on Tronscan.

Both TRC10 and TRC20 token are better advancements to Ethereum’s ERC20 tokens. The TRC10 tokens are tokens that do not need the writings of Smart-contracts. On the other hand, the TRC20 tokens boast the functionalities and the abilities of Smart-contracts.

Undoubtedly, Tron has recorded immerse growth over the past few months despite the bear market. Right now, the cryptocurrency has numerous Decentralized Applications on its network. According to the report released by Tron Foundation itself, it has been revealed that Tron Dapp usage has increased by 50% in the past two weeks.

It is important to know that the Tron Dapp adoption surged and surpassed one million transaction threshold within a day. In an official blog post by Tron last week, it was noted:

“This week, the 24-hour transaction number for Dapps reached 1.04M, a 48% increase compared with last week; the 24-hour trading volume hit 640M TRX, an 151% increase compared with last week.”

We need to recall that Justin Sun himself predicted last month on the growth of Tron Dapp. He twitted last month on his official Twitter page that:

“Today is November 27th 2018. One month after #Tron release #TVM. According to @DappRadar and @dapp_review, there are 20+ dapps built on #TRON. In December, we are expecting 80+ more dapps coming in the pipeline! 400% growth next month! #TRX $TRX.”

And now yesterday, he twitted:

Now we have 39 Dapps built on #TRON. Half way to go! #TRX $TRX https://t.co/d098o9uO3X

— H.E. Justin Sun 孙宇晨 (@justinsuntron) December 17, 2018

Ethereum’s Dapps Are Nowhere near Tron’s Dapps.

Taking a look at the standings given by DappTRACK, you would think that if Ethereum’s Dapps were close to the reach of Tron’s Dapps activities, then they would have recorded a massive upturn.

Indeed, Tron is making sure all hands are on deck so that Ethereum developers migrate totally to Tron platform – and surely, they have recorded extreme success on this.

I'm really excited to join #TRON team as core developer!
Many challenging problems expected 🤯

— Tomasz Zdybał (@tzdybal) December 18, 2018

Additionally, it is necessary also to know that Ethereum’s IDEX, which is one of the most prominent Decentralized Applications worldwide has also been overtaken by TronBet (a gambling application built on Tron network). Tronbet now boasts more users more than IDEX.

Overall, Tron is a futuristic project and has now become a force to reckon with. The main vision of Tron is to create a decentralized internet majorly for the entertainment industry. Tron came to life only last year and has recorded massive success with a market capitalization $950 million, according to CoinMarketCap as we write this article.

Though the current worth of TRX has decreased by a big value against its all-time high due to market trend this year, the developments on Tron has kept on booming despite that.

No doubts, as things stand (and look), more developments will come on Tron platform which will spur its growth and increase the usage of Tron Dapps in the future.

Image courtesy of Pixabay.

Filed Under: Tron (TRX), Tron Universe

Here’s how the bear market uplifted Tron’s network bloom

By Ali Qamar | Edited By Ali Qamar,December 18, 2018, 7:25 AM

About a couple of weeks ago, Justin Sun, Tron’s CEO and founder, published a tweet announcing that the Tron foundation is creating a fund to rescue developers on the Ethereum and EOS networks. There’s a catch though. Said developers can only benefit from that fund if they bring their decentralized apps and project to the Tron Network. That’s a fair twist.

#TRON will build a fund to rescue #ETH and #EOS developers from the collapse of their platform as long as those developers migrate their dapps to #TRON. #TRX $TRX

— H.E. Justin Sun 孙宇晨 (@justinsuntron) December 7, 2018

The bear market has been causing projects to stop functioning.

Mr. Sun’s tweet could have been prompted by another tweet issued by the ETCDEV team. It’s one of the main development teams working on Ethereum Classic. They had to stop working because of lack of funding. Mr. Sun also wrote that one of the team’s developers contacted the Tron foundation in another tweet:

https://twitter.com/mary_janex1/status/1071276170157613056

Projects are taking Justin’s offer seriously, and they will boost Tron’s development. One developer from ETCDEV officially announced his tie with Tron just a little while ago.

I'm really excited to join #TRON team as core developer!
Many challenging problems expected 🤯

— Tomasz Zdybał (@tzdybal) December 18, 2018

The awful bear market we’ve seen for almost a year now has provided the perfect conditions so that Mr. Sun’s invitation for Ethereum and EOS developers to join the Tron network will make the network flourish.

This month, the Betguild team moved the Bitizens gaming app from Ethereum to Tron. Also, we saw how the Tron foundation launched the Tron Accelerator program which will spend a million dollars to support the creation of new decentralized apps for the platform.

That financial advantage makes it a lot more likely that dApp developers will move their projects to Tron, which is a platform that’s been hailed for many good reasons. It can manage 2,000 transactions per second (worldwide, it charges zero fees for processing smart contracts that are within a certain bandwidth, and the option to use zk-SNARKS to enhance privacy. Very few blockchains can offer comparable advantages. The niTron summit will take place next month, in San Francisco, and, it just so happens that Tron is compatible with the Ethereum virtual machine.

Final Thoughts

The recent market conditions pushed many dApp projects to either settle for less or just shut down completely. Mr. Sun and Tron foundation, on the other hand, are trying to persuade them to leave Ethereum and EOS behind so they join Tron, which could allow them to keep their projects alive even as the market keeps going down and they’re even providing financial incentives for them.

Tron’s dApp catalog remains very small when you compare it to Etherum. But 2019 could be the year in which we see it explode as developers take Mr. Sun at face value and join Tron. And that’s not a longshot. Everdragons has already made a move, and many other projects are expected to do the same just because of simple self-preservation.

As we write this article Tron’s TRX is trading at $0.014275. It’s trading in green numbers against the dollar (up by 8.87% in the last 24 hours).

Image courtesy of Pixabay.

Filed Under: Tron (TRX), Market Analysis

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