Justin Sun, the immensely gifted, especially in the area of marketing, self-promotion, and hype raising, but somewhat controversial tech entrepreneur from China/Singapore founded TRON (TRX) in 2017. It is a cryptocurrency that powers the blockchain-enabled decentralized protocol.
In a nutshell, the TRON platform offers vast benefits to the developers of decentralized applications for the gaming and gambling industries. Among those advantages is the capability for creating provably fair blockchain-based casino games.
To about its market performance, TRON occupies the 14th position on CoinMarketCap with a total market capitalization of $1,14 billion and the circulating supply of 66 billion TRX, as of writing.
DApp developers and content creators get rewarded with TRX for their contribution in handsome amount daily as this cryptocurrency is widely used as a betting and payment vehicle in numerous online gambling platforms. Among such platforms is 1xBit, a fully crypto-minded sportsbook, and online casino. Of course, 1xBit is not the only way to bet online using TRON as there are other options, too, but it is one of the most trustworthy ones.
$5 billion worth of Tron (TRX) to fuel the casinos in 2019
Naturally, TRON has been taking the world of online gambling by storm lately. According to a recent study, conducted by bestTRONcasinos, the outlet that provides comprehensive reviews of online casinos that incorporate TRX, the overall volume of TRX that is being gambled on a daily basis across dozens of platforms amounts to the equivalent of $14 million.
Judging from this statistical data, TRX has already outperformed Ethereum, not to mention the other less significant cryptocurrencies, with regards to the popularity among gamblers. Although the leading position still belongs to Bitcoin, TRON continues to gain momentum. The same study claims that a total of $5 billion TRX is going to be gambled away over the current year.
The representative of the analytical website said that 2019 has been overwhelmingly successful for TRON so far, as it continues to gain unparalleled traction among crypto players throughout the world.
Also, the fact that many TRON-based blockchain games introduced a profit-sharing model, with dividends being paid in TRX, works in favor of this cryptocurrency. And although the gambling industry, in general, had been somewhat reluctant to incorporate TRX in the past, this situation is starting to shift before our eyes.
1xBit greets TRX holders with a treat
1xBit is among online gambling platforms that had welcomed TRX with open hands and included this young, yet already well-established cryptocurrency, in the list of its 20+ accepted cryptographic coins. And to make the playing experience of its users even more prolonged and captivating, 1xBit offers an incredible welcome package of up to 7 BTC.
All registered players who deposit a minimum of 5 mBTC will be eligible for this fantastic bonus that applies to both sports and casino betting. Feel free to deposit TRX, or any other accepted cryptocurrency, to become a member of the ever-growing crypto gambling community.
Affiliate Disclosure: We have used the affiliates links of 1xBit in this post. Should you decide to get started with 1xBit using the links in this article, we may earn a little commission at no extra cost to you (that will help us keep the site running well).
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.