The recent bear market has been nothing short of a massacre for the cryptocurrency market with several coins seeing multiple support breaks and deteriorating market cap. Tron, which has also suffered under the bear’s wrath has continued its progress towards mainstream adoption, which has been supported by officials of the Tron Foundation as well as Justin Sun, the Founder and Chief Executive Officer of the Tron Foundation.
In a recent tweet, Mr. Sun informed users that Tron had added another feather to its already burgeoning cap. The CEO announced that Tron has officially become one of the first round projects to receive Binance’s Gold label tag. In an official blog post, Binance had stated:
“Today, Binance Info is launching the Gold Label Project! TRON has officially joined this and has become one of the first round invitations that got verification from Binance Info. Now users or TRX holders can learn more about TRON’s team members, real-time trading, distribution of tokens, TRON news, etc. on Binance Info.”
According to the update, the first 100 cryptocurrency projects that will be a part of the initiative will be tasked to provide the most accurate, transparent and trustworthy project information for investors. Binance Info has also gone ahead and stated that as more users join the initiative, the movement for maintaining the accuracy of projects on the network only increases.
Sun was also in the news recently, when he suggested that users on the Ethereum network should move to the Tron network. He had tweeted:
“In bear market, #Ethereum developers should migrate your token to #TRON immediately. 1. 0 transaction fee, no gas in #TRX. 2. Compatible to #ETH, 0 migration cost. 3. 2000 TPS. 4. #TRON dex listing. You can easily increase your token value 100% with High liquidity. $TRX”
The market crash was also brought into notice by the chief Tron official, confidently stating that Tron will overcome all obstacles. In his words:
“In today’s blood bath, we must remember that nothing has ever changed. #blockchain #bitcoin #DAPP is the future and #TRON will decentralize the Internet. Check out #TRON 6 month data, we haven’t seen such amazing increase before. Plz check after 2 years! #TRX $TRX”
Image courtesy of Pixabay.