Dx.Exchange is a cryptocurrency exchange which prides itself in being the first whole crypto community that enables both institutional and individual investors to buy cryptocurrencies using fiat currencies, trade them, and convert them back to fiat.
It’s built using Nasdaq’s market matching technology which is considered to be one of the world’s leading technologies when it comes to trading in the stock market.
It’s based out of Estonia (don’t be surprised, it’s one of the world’s most wired and technological savvy countries). It has a reputation for transparency and ethical behavior.
Tron, on the other hand, is one of the cryptosphere’s most interesting and ambitious projects. It’s barely eighteen months old, and, in that short period of time it’s managed to become the world’s largest decentralized network, one of the busiest blockchains in the world in terms of completed transfers, and one of the most credible projects in crypto.
Tron’s mission is to utilize blockchain tech to decentralize the whole web. It’s an incredibly ambitious project. The idea is for the internet to become decentralized and free from the influence of any central authority in a way that content producers won’t need big corporations (think Google, Yahoo, YouTube, Facebook, Microsoft, Comcast, etc.) to publish their material or to monetize it.
Tron was founded and is led by Justin Sun whose credibility as a technology tycoon has been well established for years as the founder of China’s most popular messaging app. Mr. Sun is also famous as Jack Ma’s protegé and former student (yes, that Jack Ma, the man who founded Alibaba).
In a year that’s been terrible for crypto, with most coins going down like a led balloon, Tron has managed to keep securing strategic partnerships, to make the project grow, to deliver milestones on time and to be one of the most solid coins in the market.
That last point is very well illustrated by one simple fact: as most other digital assets keep receding, Tron has managed to grow and to become the world’s tenth cryptocurrency by market capitalization.
It’s one of the very few blockchain projects that has consistently been reporting good news as most of the rest just try to avoid disaster in the currently bearish market
There’s even more good news in the works for Tron. While this is not an official announcement yet, DX.Exchange’s CEO has confirmed (if informally) that the exchange platform is working towards adopting Tron’s Tronix (TRX) in their platform.
This is an important development for both parties. From Dx.exchange’s point of view, it’s a good idea to adopt one of the tokens that has created more interest over the last 18 months. For Tron, and Tron aficionados, this is important because it means that they will be able to buy TRX using fiat currency, which is not as straightforward as you could think.
So far, most of TRX’s trading happens on Binance, the huge and influential Chinese crypto exchange, and all that trade is paired against Bitcoin. In other words, if you have a Binance account, you can’t buy TRX using your local fiat currency. You have to get some bitcoins first (or Satoshis) and then trade them for TRX.
So both projects keep growing and gaining relevance in the cryptosphere as the new year keeps moving. Keep an eye on both.
Image courtesy of PixaBay.