The Tron Foundation and its native cryptocurrency TRX have both been active members in the cryptocurrency space, be it in terms of developments, price, or announcements. On Wednesday, November 6, the Justin Sun led cryptocurrency revealed another positive step taken by the company by announcing its new agreement with the Coingaming Group.
Tim Heath, the CEO of the Coingaming Group, had stated:
“We always work hard to put our customers at the centre of the universe, and by adding TRX gaming we are once again at the cutting edge of what is possible in this space. We are particularly excited to offer a low minimum deposit threshold and zero transaction fees, ensuring Bitcasino.io and Sportsbet.io gaming can be enjoyed by even more players for the first time.”
What has excited fans of the cryptocurrency so much is that popular platforms such as BitCasino.io and Sportsbet.io are part of the Coingaming Group, a conglomerate that is bent upon showcasing the use cases of digital assets. Tron has been a leader in the cryptocurrency gambling world. Outperforming its rivals, such as Ethereum and EOS.
The gambling sector is so big that the total transaction volume across all blockchains in the third quarter of 2019 amounted to a whopping $2.03 billion. This, however, was a 40 percent drop from the holdings in the second quarter, but some members of the community claim that the industry needs to be cut some slack because of the recent bear runs.
With the latest partnership between Tron and Coingaming, users will be able to enjoy a low minimum deposit threshold and zero transaction fee. That means BitCasino.io users will now enjoy the industry’s lowest entry levels via Tron (TRX), which, in the long-run, will bring world-class online gaming to an even broader audience.
With a minimum deposit of only 100 TRX (around $2) and no transaction fee, it would be easier and cheaper than ever before for users to bet and play using Tron. This was done in a bid to bring in more first-time players into the field. Justin Sun was not too far in showering praise, with the CEO adding:
“One of the Tron Foundation’s core missions is to support growth by providing engaging, real-world use cases for TRX. We’ve been aware of the market-leading gaming brands operated by the Coingaming Group for some time now; Bitcasino.io and Sportsbet.io are fantastic examples of what is possible when crypto-led products put the customer above everything else.”
TRX holders have been ecstatic after the announcement, and many proclaimed that this was the first step in ”decentralizing the web” and its applications.
Disclaimer: The presented information is subjected to market conditions 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.