TRON protocol has added a new EVM-based chain to its ecosystem. Released in 2020, Heco is a public chain that is decentralised, highly efficient, and energy-efficient with the goal of assisting developer evolution at every stage. It provides high performance transactions and is compatible with smart contracts.
Following the disclosure of his Huobi Token stake, Justin Sun made another announcement on the Tron Heco merger. The founder of Tron announced that the Heco developers will now collaborate with the Tron and BitTorrent chain ecosystem.
According to the announcement the Tron Heco merging initiative was the result of the developers’ long-term effort to join numerous chains. The team made plans to support Heco chain public when the BitTorrent Chain testnet launched last year.
Justin Sun stated that the ecosystem will pool funds to bring all Heco developers together to build on the TRON and BitTorrent chain in this context. The Heco acquisition announcement received a favourable response from the community.
Sun stated he presently holds tens of millions of Huobi Tokens earlier on 14th Oct.
TRON Boss Revealed Of Holding “Tens Of Millions” of Huobi Tokens
The founder of Tron, also claimed to hold “tens of millions” of Huobi Tokens and that he plans to work to promote the latter now that he serves as an adviser to its associated cryptocurrency exchange.
“I would see myself as one of the biggest holders” of Huobi Tokens in the world, Sun told in a Bloomberg Television interview with Emily Chang on Thursday,
He noted that he started gathering the Huobi cryptocurrency exchange token in 2013. Since Sun joined the exchange’s advisory board, the coin has increased in value by nearly 80% in the past week.
According to CoinMarketCap, Huobi is one of the top 10 cryptocurrency exchanges worldwide with around $879.5 million in volume over the last day. Sun claimed he hasn’t bought a stock in the company.
If laws permit, Sun said he will also concentrate on expanding Huobi internationally and perhaps even bringing it back into China.
In other recent developments, Sun informed that his team has examined the assets of the bankrupt cryptocurrency lender Celsius Network, but hasn’t made a decision regarding an offer. In the Caribbean island nation of the Commonwealth of Dominica, the national token of Tron has just been recognised as money.