Tron (TRX) has all its eyes on decentralizing the internet, or rather content-sharing to ensure that creatives, artists, musicians, and authors can all release their content without the need of middle companies. As it seems, Tron’s founder hopes that the coin will challenge the globe’s major content providers like Facebook and YouTube.
The coin has undoubtedly made progress since its launch from a coin offering on the Ethereum ledger platform to now a native coin present on the official Tron Mainnet. If you think launching the independent MainNet is all Tron wanted to achieve, you are mistaken.
The aim is towards mass adoption as well as creating a decentralized web. Yeah, it is a fact that in the past weeks TRX has experienced price declines, but currently, the cryptocurrency is riding 5.37% hike against the USD in the last 24 hours (remember most of the other top coins including Bitcoin are in red).
It’s also continued succeeding in attaining quality listings such as the Bittrex (to name one of the most recent ones). Therefore, it seems as every step TRON makes is a sign of progress to make the decentralized web a reality.
How TRON (TRX) is Making Mass Adoption a Reality
The primary objective for TRON (TRX) is to create a decentralized web which will be a representation of the internet’s next generation. Therefore, in making that a reality, the largest file-sharing platform, BitTorrent that has over 100M global users should be part of the vision. We all know TRON owns it now, right? In that way, all users on the BitTorrent platform belong to the TRON community.
This mass adoption objective is clear on the response that Sun made when replying to Buterin‘s (the Ethereum founder) comments about crypto asset’s mass adoption that they won’t see another 1000% increase. TRON founder made it clear that he believes soon the world’s wealth will only turn into cryptocurrencies. He thinks that there will be mass adoption just like a black hole and inevitably suck the entire world’s wealth.
What Does Sun’s Statement Mean?
Clearly, by TRON’s founder replying that the entire world’s wealth will be sucked into cryptocurrencies, means that he has the vision of mass adoption and sooner TRX might skyrocket (given that he succeeds in his mission, of course). He even states that the crypto will reach 10 trillion dollar market cap ahead of Amazon or Apple.
A New (USD) Trading Pair on Bittrex
Yes, Bittrex has been supporting to TRON even from its migration from ERC20. But the crypto exchange adding TRX/USD trading pair for the coin perhaps is yet another critical step towards TRX mass adoption.
It means that TRX is available to trade and exchange against US dollars, which more likely will only gain more accessibility in the cryptocurrency market that is US-oriented. And, this move opens the doors for similar trading pairs on other leading crypto exchanges.
Going into a little more flash-back, the addition of Seedit that will enable TRX payments to be integrated on Twitter means it will get an additional use for TRX and Twitter users to send payments. Therefore, TRON will get more chances as well for mass adoption. Besides, Justin Sun announced 1M followers on Facebook meaning Tron ticks all boxes for more followers in every step.
TRON use cases essential
Different use cases are also crucial for TRON with their objective of decentralizing the internet. After the activation of Tron Virtual Machine, Dapps developers are good to start creating decentralized applications on TRON blockchain, which is a strong use case. Sun added to this that soon they’d launch a Meta Mask equivalent contributing to more Dapp development.
Perhaps the blockchain project has its eyes set on revolutionizing the web, thanks to the BitTorrent as well as the continuous TRX mass adoption. All the right steps and signs are there for TRON (TRX) to be a prominent blockchain project (if it isn’t at all, currently) in the 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. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
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The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
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