Tron [TRX] has been in the news multiple times lately with the announcement of several developmental updates and partnerships. The excitement on the network comes in the wake of an intense bear market which has seen many cryptocurrencies fall to yearly low prices.
Recently, Justin Sun, the Founder and Chief Executive Officer [CEO] of the Tron Foundation, gave Tronics another reason to celebrate when it was announced that Huobi Wallet will now officially support the TRX token.
Users and holders of the cryptocurrency were also told that a bug bounty program would follow the partnership. The news has certainly reached a lot of ears, which was evidenced when Changelly, another cryptocurrency exchange stated on Twitter:
“Congrats to @HuobiWallet and @Tronfoundation! We are proud to work with you both through these uncertain times together”
Huobi was also in the news recently when it was announced that the digital asset provider was going to expand into Indonesia. Li Huo, the Vice President of Huobi Global, had said:
“Huobi Cloud’s entry to the Indonesian market will be able to help drive change in the traditional financial marketplace by providing a channel for small to mid-size enterprises to integrate into the broader financial marketplace. New legislation will come into play that brings cryptocurrencies and the blockchain into the regulatory field.”
The Huobi Wallet also announced that users can now store TRX on it to share up to 400,000 TRX bonus. The cryptocurrency exchange has also said that the snapshot will be taken on November 25th and the bonus will be based on the size of the user’s TRX asset.
Alongside the rest of the crypto market, Tron has also been in a ‘tight’ bear hug lately, but that hasn’t stopped Sun and his team to keep striving forward. The developments of the blockchain project are a hint that it is a genuinely serious crypto project that means business. You should not worry about current TRX price and instead focus on its long-term potential and real-life usability, the price will follow sooner or later eventually.
Image courtesy of Pixabay.