Tron’s partnerships have never failed to capture the attention of the cryptocurrency market, and bringing on bigwigs to its roster has only helped its case. After the Foundation ensured that TRX gets listed on Poloniex, the cryptocurrency exchange has now announced its plans to run for the Tron Super Representative post.
Poloniex claimed that the strategic partnership is aimed to provide more features while attracting new Tron users to the platform. This, in turn, is expected to impact the blockchain and cryptocurrency world massively.
The Super Representative members are tasked with the responsibility of maintaining the Tron blockchain’s integrity across application and developer spaces. Some members of the Tron community had other questions to ask with Cryptofaith, a cryptocurrency enthusiast asking:
“What about all the other projects all the other senior Representatives the help build tron’s what it is today. How does allowing binance another huge exchanges become top senior representatives and get most of the rewards help Tron the long run.???”
The Tron Foundation has also put its weight behind the SR alliance and even wished Poloniex good luck in their campaign to success. The real-time rank for Poloniex was 79, with an address of TJvaAeFb8Lykt9RQcVyyTFN2iDvGMuyD4M and a total number of 31 transactions. The total available bandwidth on the blockchain was 5000 and held a balance of 1 TRX after transfers.
The Poloniex announcement was also made after the exchange announced that they had no financial interest in Tron. The timing of the partnership fits well into Tron’s plans as they are planning to discontinue its block producer rewards by 2020. This decision was made after the company realized that if steps are not taken, then it will lead to blockchain inflation.
At the time of writing, Tron (TRX) trades for $0.017, with a total market cap of $1.16 billion. The Sun-led cryptocurrency holds a 24-hour market volume of $992.42 million after an 8.95 percent drop in prices over the 24-hour time frame.
Tronscan has said that the exchange currently had 32,626 votes and held the 92nd position in the SR candidates that featured over 200 candidates. TRX was listed on Poloniex on November 12, with Sun tweeting that full trading mode was available for Poloniex. Nomics, a cryptocurrency market analytics platform, informed users that less than 1 percent of all the crypto trading volume takes place on Poloniex.
Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
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