Tron (TRX) is riding the wave at the moment, and it has attracted the attention of big FinTech companies in the world today. The blockchain has also paved the way for innovations and, it is becoming the fastest growing cryptocurrency in the market today. Tron has acquired and produced numerous projects not only to benefit its ecosystem but its community too.
And now, a recent report by Diar says that project squads for the top 5 crypto organizations posses about 2.6 billion USD in their token holdings. The list includes IOTA, Cardano (ADA), Tron (TRX), NEO, and Tezos.
It is important to note that recently, the fifth set of TRX was burnt – about 1 billion ERC20 TRX tokens. After that, Tron CEO Justin Sun even decided to lock 33 billion TRX tokens until 2020.
According to the report by Diar, it has been noted that lots of Initial Coin Offerings that got created this year alone are struggling. The report notes,
“While Initial Coin Offerings (ICOs) have to date raised double in 2018 what they did last year, the controversial fund-raising vehicle is seeing its popularity diminish to select projects. Diar number crunching shows that 70% of tokens are now valued at less than what was raised during their ICO. And with tokens having no equity representation, markets have shrugged off cash-on-hand as part of an enterprise valuation”
Diar has also summarized that the activities of ICOs are to be tamed till the end of this year, with only seventeen of crypto projects finalizing their fundraising in August this year.
Tron Mass Adoption Rate Increases
A new open-source wallet that is built on Tron’s network known as TronWalletMe has just been released. The company that has produced this wallet also decided to run for Tron’s Super Representative. The firm made the following announcement through its official Twitter page:
“We are very excited to announce that TronWalletMe is running for Super Representative on the network of Tron (TRX).”
According to the company, “TronWallet is open-source beautiful, secure, simple, and powerful peer-to-peer digital currency wallet for Tron (TRX).” The wallet can now be used to send, receive, and vote on Tron’s network effectively.
Not too long ago, Tron also got adopted by a gaming platform which also runs on the Tron network: Intergalactic Gaming.
Tron (TRX) Recent Listings
Tron recently got succeeded to get two new trading pairs added to its ecosystem. Furthermore, Binance recently annexed TRX/USD on its platform, and TRX/BNB trading pairs will also begin on the platform.
Subsequently, as GlobalCoinReport reported recently, Bittrex Exchange also listed Tron by adding USD/TRX and USD/LTC pairs on its platform.
Tron has been listed on Kucoin, and TRX/USD trading pairs have also commenced on the platform.
Additionally, another famous crypto exchange BitBay listed Tron on its exchange platform, too. It is important to also note that BitBay boasts more than 80k users worldwide and it has now become the 3rd largest exchange in the crypto market. BitBay will now resume the withdrawals, deposits, and exchange of these trading pairs: TRX/EUR. TRX/USD. TRX/PLN, and TRX/BTC.
Tron is flourishing at the moment as it enjoys more usage and adoption from FinTech companies and notable exchanges in the crypto market.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.
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