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:
#TRON is partnering with @Tether_to, officially introducing USDT into the TRON #blockchain. This integration will elevate our dApp ecosystem, increase DEX liquidity, and enhance accessibility for Partners and institutional investors. $TRX $BTT https://t.co/OL6gFK1C0h
— TRON Foundation (@Tronfoundation) March 4, 2019
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.
TRXMarket will soon support trading pairs in $USDT #simpleTrade Dozens of new trading pairs are coming up! @justinsuntron @Tronfoundation @Tether_to https://t.co/E03Ft1DXVL
— PoloniDEX (@PoloniDEX) March 11, 2019
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.
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