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Poloniex, BigOne, and KuCoin roll additional support to USDT-TRON airdrop

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According to the latest blog post by Ploniex published on July 12, the exchange offers flexibility by supporting all three networks for Tether (Omni, Eth, and Tron). The exchange claims that this effort is among its best initiatives taken to enhance exchange “as the best possible exchange for crypto traders and enthusiasts.”

Subsequently, the exchange will be converting “a specific number of Tether into TRC-20,” which is currently on the Omni network. As per the earlier announcement, Tron is airdropping approximately 30million worth of USDT-TRON as a daily interest to holders of these tokens. According to the Poloniex Exchange;

The amount of USDT we receive in the airdrop will be based on the amount we convert. Once the airdrop begins, Poloniex customers will be credited based on the amount of Tether they hold on Poloniex.

BigONE And KuCoin Supports USDT-TRON Airdrop

Poloniex is currently supporting deposits as well as withdrawals of USDT on the Tron network and subsequently credit airdrop to eligible holders of USDT. Besides Poloniex, another exchange, BigONE has also announced to support TRC-20-USDT. The official announcement of BigONE reads that the exchange has opened deposit service of TRC20-USDT and it will also support the airdrop of TRC20-USDT.

From now on, users can deposit TRC20-USDT to BigONE. Once the airdrop starts, BigONE will take a snapshot of TRC20-USDT that BigONE users hold at 16:00:00 (UTC) every day, the announcement reads.

In addition to Poloniex and BigONE, KuCoin exchange also published a blog post, detailing its plan of supporting TRC20 based USDT. The exchange states that users from Monday, July 15 can apply for KuCoin “to convert their USDT to TRC 20 based USDT” and obtain the reward. The KuCoin announcement states that;

Due to the limited amount of TRC20 based USDT in circulation on KuCoin and in the market, we recommend that users apply as soon as possible. When the available TRC20 based USDT reaches an insufficient level, users will not be able to apply for a lock.

Disclaimer: The presented information is subjected to market condition 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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Tron Loses Grip on Reddit Community after Subreddit Takeover

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As per the critics, Justin Sun has had many marketing missteps of late. The Tesla controversy paled into comparison to the Liverpool FC mistake, and now the erratic CEO has finally gone after the community that has helped support the fledgling coin gain its quick start, showing that too much power in the hands of a few people can go disastrously wrong.

Tesla and Liverpool: The harbingers

The Tesla marketing ploy was enough to harm any company’s reputation – where a CEO announces that a ‘random’ Twitter user will receive what was pictured to be a Tesla Model S. It was announced with the 20 million dollar airdrop that was supposed to be released in March but has yet to see the light of day.

Sun deleted the tweet and selected a “random” twitter user that people found out was a bot, causing many to believe that the whole marketing stunt was just a ploy that was never intended to be honored. This caused a ripple of discontent in the community and was quickly followed up with a colossal mistake when Justin Sun prematurely announced a partnership with Liverpool FC, one of the world’s largest soccer clubs. It is a soccer club that has a worldwide fanbase in the hundreds of millions.

Having a fanbase that big comes with a lot of scrutinies and that scrutiny was aimed squarely at Sun’s announcement. A spokesperson for Liverpool FC said that there was no partnership and such marketing materials were regularly sent to companies so that Liverpool could understand their businesses and see if there was potential for any type of future partnership status.

“We do regularly engage with lots of companies to understand their business better and we have extended an invitation to Tron—along with many others. To be clear, no discussions have taken place.”

Many think it brought the good feelings in the Tron community to an all-time low and critics think that the Tron Foundation, which Sun leads, has not stopped the hapless CEO from poking his own eyes once again.

Reddit in an uproar

Communities on Reddit are a powerful thing. They can make or break many projects – reviving tv shows that are going off the air, influencing political events and even the odd media publicized witch-hunt. The point is that Reddit has become a driving force of the internet and if Reddit is unhappy with you, you had better watch out.

Last weekend, the subreddit /r/Tronix got taken over fully by the Tron Foundation and the visitors are not happy with the decision. One user claims that when Tron had mods in the mod team, they were censoring critical posts made about the GOC network. They also remove posts that put a negative spin on the Tronscan marketplace.

As per the allegations from a number of users, the incumbent mods removed the foundation affiliated mods for this purposes, but it seems that the foundation has found its way back in. All the top mod positions belong to employees of the Tron Foundation.

This has led to many people saying that they are selling off their Tron assets slowly but surely. Many have said that they will not sell all of their coins, citing the need to be diversified, but that their faith was no longer in the project and that this was the end of their active involvement as evangelists of a coin many thought would push Ethereum to the brink.

Being a neutral observer we think that Tron taking over the official Tronix subreddit is not a cool thing as a whole, but it’s not such severe issue which would force people into selling all their TRX holdings. Let’s see how things unfold.

Disclaimer: The presented information is subjected to market condition 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.

Dapp Success Helps TRON (TRX) Surge in Value

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Binance Research, the crypto trading research arm of Binance, has revealed that Tron is going to have substantial growth ahead. The interest shown in the currency has surged recently, and the number of dapps has risen tremendously, to 402 in total. This puts Tron ahead of Ethereum and EOS and positions it as the ‘de facto’ leader in dapps.

Adding its stable position in the top 10 cryptocurrencies by market cap, it has been drawing the attention of a lot of traders in recent weeks. Binance Research showed that the last 24 hours of trading had shown Tron TRX to be the most influential cryptocurrency with the largest number of users.  This is all due to it being used for a wide variety of purposes.

Variety is key to TRX use cases

TRX currently has over 100 million transactions that are being used for a wide variety of purposes. One important use it the provisioning of services via the Tron network as in the tweet above. TRONBet is the most active dapp on the Tron market right now, and the services are all provision via the Tron network using TRX. There is also the execution of small smart contracts and the issuance of TRX tokens.

In short, Tron is being used for more and more reasons and not as a normal cryptocurrency only. It has managed to shift the goalposts more in its short time than Ethereum has since 2015. The reason Tron has been able to do this is because of the hard work of the CEO in securing meaningful partnerships and eyeing smart mergers. The BitTorrent acquisition was seen as a phenomenal coup for the company by everyone involved in the industry. It will change the way numbers are reported by order of magnitude.

BitTorrent and Stablecoins change the game

Once BitTorrent and its BTT token are on the network, Tron will have a userbase int he hundreds of millions. This will give the company a reach that no other cryptocurrency currently has. It will also cement its place as the go-to blockchain for the entertainment industry. Having sewn up gaming dapps with its negligible transaction fees and fast network, and now the entertainment industry with BitTorrent, the only way forward is getting a regular means of payment between various actors in its network.

Pursuant to that ideology of getting talent paid, it has shifted the focus it has with regards to cryptocurrencies. Tron is now backing more and more stablecoins. The first stable coin to partner with Tron and merge with the Tron mainnet is Tether USDT. The dollar backed stablecoin will allow Tron users to deal with a fiat backed crypto that is tangibly valued. This will allow its soon to be massive userbase an easy way to get paid in real life as well as in the network.

However, the USDT swap has been going slower than initially expected, and the airdrop that was announced has been moved to May the 7th. Exchanges asked for more time to swap the coins so that they are ready when the airdrop finally hits.

Finally, security is being tightened, and this is giving a lot of users and traders more confidence in the long term success of the network. A blockchain startup called swarm is providing these security services and the result according to industry experts is a much more secure Tron.

Disclaimer: The presented information is subjected to market condition 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.

TRON DEX TRXMarket is Hiring CEO, 100 Places for Grabs

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Do you like TRXMarket? Or have you always dreamt about being a chief experience officer?

Then dream no more as your chance is finally with you.

TRXMarket Fulfilling Dreams

The newly launched decentralized exchange (DEX), TRXMarket, has announced opportunities for the TRXMarket users to join the great journey of becoming the world’s best exchange. The platform despite being in the game for merely three months is recruiting chief experience officers (CEO) in a bid to engage its users.

The platform provides Tron enthusiasts as well as crypto traders the opportunity of trading a variety of TRC-20 tokens on its network in a transparent, safe, and convenient way.

The TRXMarket improved on the previous DEX which focused on TRC-10 tokens. It provides eight TRC20 tokens for trade which include Tron Weekly (yes, TronWeekly’s native token), TronFun Token, TRONdice, and DiceBet to name a few.

So, the opportunity is here for TRXMarket users to take their experience within the platform to the next level. The platform must have taken into consideration that with today’s changing world business with a chief experience officer a business ranks better. The role mainly improves the customer experience which is significant to success.

Chances are Limited

As much as the recruitment opportunity sounds pretty good, TRXMarket users have only 100 places for grabs. Sounds a bit harsh, right? But that’s how it is. Therefore, the recruitment process comes down to first come, first consideration.

The process only requires one to fill a questionnaire provided for a chance to be considered after which the qualified individuals will be contacted via an email.

Does being a CEO come with Benefits?

It’s a question that passes the mind for all. A CEO will have many benefits with first having the firsthand experience of the platform’s internal Beta version.

Also, they’ll have a priority in trying the new product features as well as the opportunity of becoming community group admins. Furthermore, a CEO has the chance of giving suggestions about TRXMarket more directly. And, the CEO will also be getting TRX rewards ranging from 1,000 to 10,000 for the accepted suggestions.

Undoubtedly, it’s an experience which a TRON user can’t afford to lose. But, with chances limited, only the first and best will be lucky to narrate the experience of being a TRXMarket CEO.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition 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.

Tron’s TrxMarket to launch new trading pairs with Tether real soon

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Tron, the 10th largest cryptocurrency in the world and its CEO, Justin Sun are always looking to shape new policies to create opportunities to make their vision realize. What is their vision?

We hear you ask. To build the infrastructure for a utterly decentralized world wide web so that the modern day internet users feel safe and consider themselves the absolute owner of their contents should they require to share on the internet.

If we look at the recent past of the Foundation, the developments it has made and landmarks it’s achieved suggest that they are on the right way and probably that day is not so far when Tron will be considered as the major contributor in making a decentralized eco-system.

Tron’s acquisition of a renowned communication protocol for peer-to-peer file sharing, BitTorrent, has brought an enormous amount of prolificacy to the Foundation’s efforts. The users have widely appreciated the BitTorrent token (BTT) launch to boost the platform’s sharing speed and make it rewarding for the community. Yesterday, Tron carried out the second airdrop of the native BitTorrent token, BTT, which rewarded the Tron holders with 990,000,000 BTT.

Last week, On Monday, another significant development broke into the realm of cryptocurrency when Tether, which at the moment occupies the 8th spot on the world charts of cryptocurrency according to the CoinMarketCap, announced that they are going to migrate the stable coin on Tron Blockchain that would be the initiation of the TRC-20 based USDT tokens.

Justin Sun, took to his twitter handle (as always) to speak about the development to be essential for benefitting the entire ecosystem of Tron. The tweet reads:

As one can expect, the news surely caught much attention in the crypto globe. According to the weekly dapp review report, on March 3 and March 5, the transactional volume of Tron was way more than the total volume of Ethereum and EOS (Tron’s closest competitors).

While Tron recorded $43.616 million, the value of Ethereum and EOS noted $4.408 million and $11.617 million respectively. These figures are more than enough to prove the gaining popularity and worth of the Tron’s blockchain platform.

Earlier today, TrxMarket, the first ever decentralized exchange on the Tron network, announced that they are going to support Tether (USDT) trading pairs soon. Although the exact date for the launching has not been revealed yet, this surely signals that some new ‘stable’ trading pairs are soon to pop up on the space for crypto lovers.

At the time of writing, Tron (TRX) is available for trade at $0.022 with a downward change of 2.01% according to the CoinMarketCap.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition 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.

Tron TRXMarket lists three trading pairs as it goes live

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Tron announced that it will launch its new decentralized exchange and will list three trading pairs: BET/TRX, FUN/TRX, GOC/TRX on the platform. That has happened now already. The good news was broke on the official Twitter page of TRXMarket:

Confirming the initial news by TRXMarket, the CEO of Tron Foundation, Justin Sun, also twitted a few hours after that the decentralized exchange is about to be launched and will list the aforementioned trading pairs. The CEO further added to the tweet that this is just the beginning for the decentralized exchange as more developments are set to come up very soon.

According to Tron, TRXMarket will be a decentralized exchange – just like Binance and the rest – where the exchange and trading of Tron-based tokens can be performed. Again, the decentralized exchange will enable the trading on tokens that are produced on Tron’s MaInNet.

Additionally, TRXMarket is also part of Tron Super Representative (SR), as Sun Tweeted a few months ago that TRXMarket will run for Tron Super Representative.

Subsequently, it has also been stated from the company officials that TRXMarket is not controlled by Tron Foundation, due to the fact that the two bodies are distinct from each other. It seems that Sun and his team are poised to maintain a ‘hands-off’ attitude towards the control of whole Tron ecosystem as they aim to make sure it is completely decentralized.

Concerning the tokens that would be listed, as of now, Tron community will now have the opportunity to only trade/exchange BET, FUN, and GOC and as time goes on, more tokens will be added to the exchange.

Nonetheless, there are several positive hints that TRXMarket will also be the decentralized exchange for other digital coins such as Bitcoin, Ethereum, and Ripple in the future. The decentralized exchange will also to be available across the world, thus, playing a vital role on Tron’s aim to decentralize the internet.

Tron seems to be getting close to achieving its goals every day and the TRXMarket is the most-fresh proof. TRXMarket is a big stride for the blockchain platform, as it has the ability to convert 100-billion ERC20 tokens in few days with fewer efforts. The TRXMarket would be a part of the DAG (TrustNote minable Directed Acyclic Graph) public ledger, due to the inclusion of TRC20 tokens and protocol.

DAG helps to remove any type of blockchain issue acquired by traditional blockchain methods. The DAG system is actively protected by TrustNote consensus, ensuring the scalability of the system. No doubt, this is a big development for the future of TRC20 tokens.

Image courtesy of Pixabay.