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TRON (TRX) Sets New All-Time High in Daily DApp Users

TRON TRX DApp User Volume 2019

Despite slipping prices for the crypto markets, TRON has managed to set a new all-time high for daily DApp users.

On May 16, TRON based decentralized applications registered over 100,000 users, smashing the previous record in client volume. While the currency still trails behind EOS in terms of daily user volume, it still outpaces Ethereum by a wide margin. On May 16, TRON Dapps recorded 102,000+ daily users, with EOS registering 135k. Ethereum managed only 14,500 users during that same timeframe.

According to Misha Lederman, and advisor to DappEvolution,

#TRON just smashed its own record in daily active DApp users on May 16:

102,497 DApp users

100k users is a major achievement for TRON since TVM launch Oct 2018, but will be a blimp on the chart in the coming months as more sophisticated DApps attract #TRX users in the millions

TRX prices may still be recovering from midweek news that brought the departure of TRON’s Chief Technology Officer Lucien Chen over concerns related to centralization, but the DApp marketplace for the currency still appears to be going strong. In addition, the TRX currency recorded over 1 billion transactions during the 24-hour period May 14, marking a milestone for the currency and network volume not seen since mid-2018.

Despite holding nearly 100 percent of the market share for Decentralized Applications just a year ago, Ethereum’s grip on the industry has slowly been slipping. EOS has largely become the market leader in both applications and clients, with TRON posting a sizable amount of growth during its emergence onto the scene with the TRON Virtual Machine launch in October 2018.

Given the stalling in adoption for cryptocurrencies as means of transactions, DApp marketplaces have become both a source of innovation and developmental interest. Similar to other app stores, TRON’s DApp marketplace allows for the creative implementation of games, tools and more, all through the lens of blockchain and decentralization. Earlier in the week it was announced that EDF, the world’s fifth largest electrical company, was using the Ethereum DApp iExec to test simulation software–giving some indication on high-profile the space of decentralized applications have become.

With Justin Sun’s announcement that Opera will be offering seamless support for TRX, TRON has managed to position itself to millions of potential new users. That, combined with the rapidly growing DApp marketplace could lead to TRON, as opposed to Ethereum, being recognized as a primary cryptocurrency in the space of network features.

While the coin is still contending with the abrupt and testy exit of former CTO Lucien Chen, TRX is building the type of positive adoption and development that has been characteristic of the industry of cryptocurrency throughout 2019. Combined with the efforts of Justin Sun and the TRON Foundation, the increasing integration of BitTorrent and the BTT could further lead to TRX becoming an industry leader both in terms of use-case features and daily network volume.

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TRON Supports Crackdown of Gambling DApps in Japanese Markets

TRON TRX Gambling DApps Japan

TRON, the eleventh largest cryptocurrency by market capitalization and one of the leading networks for Decentralized Applications, has announced support for the removal  of gambling DApps from Japanese marketplaces, and suggests that developers steer away from creating new ones.

According to a publication by the TRON Foundation, the network-based cryptocurrency heavily implied that it would support the removal of currently gambling DApps in addition to encouraging developers to avoid promoting gambling material in Japanese markets where laws prohibit such actions. The move comes following pressure from Japanese regulatory agencies over the presence of the cryptocurrency-backed gambling applications.

TRON, which accounted for 30 percent of new DApp creation in January 2019, reports that it has a responsibility to both promoting blockchain technology and the industry of DApps, while upholding local laws and regulations. Accordingly, the Foundation issued new guidelines for applications launched in Japanese market, specifically stating that it would conform “strictly” to the relevant laws and regulations.

Among the new guidelines, TRON makes it clear that the platform will not “encourage or recommend any gambling DApps regarding the Japanese market,” and that the company suggests “Japanese DApp developers not develop any gambling DApps on TRON’s platform.” The TRON Foundation also issued a plea to current developers to avoid publishing any gambling-based DApps through Japanese IP addresses–giving some indication of an alternative for continuing their development–while also stating an intention to collaborate with the Japanese government regarding how the TRON network may be violating current laws and regulations.

While the decision by TRON represents a diplomatic move to comply with existing laws, it also owes to the growth of the network in an abbreviated period of time. Despite launching in the latter half of 2017, TRON’s network has scaled to challenge even that of Ethereum, with Bloomberg running a recent piece on the waning market share for ETH in the face of TRX and EOS.

However, some community members–particularly cryptocurrency diehards–will find disappointment in the TRON Foundation’s announcement to adhere to local regulations. TRON’s network follows the same by-lines of decentralization as cryptocurrencies, which provides a level of freedom some would hope to see operate separate from the influence of political organizations.

Nonetheless, the TRON Foundation walked a tight line between making nice with Japanese government authorities and still appealing to the decentralized development of their network. As opposed to initiating an effort to remove gambling DApps–which would be difficult from the standpoint of a decentralized network–the Foundation merely appealed to its development base to comply with their local laws and guidelines.

As of writing, the price of TRX is up over 4 percent, outpacing the slight slump in value for top cryptocurrencies after the weekend rally. Some investors may be reacting to several news articles floating the web in relation to TRON Founder Justin Sun, which have suspiciously gained traction on April Fool’s Day.

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TRON (TRX) Announces Partnership with Tether (USDT)

The TRON Foundation has announced a strategic partnership with stablecoin company Tether to issue the USDT coin on Tron’s network.

First announced on Mar. 4, the partnership involves bringing Tether’s USDT coin, which is pegged to the value of a single U.S. dollar, onto the TRON network by the end of the second quarter of 2019. The token will represent one of the first major crossovers in cryptocurrency onto TRON’s establish network. With the issuing of the TRC20-based USDT, Tether’s seventh largest cryptocurrency by market capitalization will be fully compatible with TRON’s existing protocols including decentralized applications (DApps).

With the integration of USDT, TRX and Tether users will be able to transact with the coin on TRON’s blockchain, broadening the existing use of the network to now allow access to a price-stable cryptocurrency. Given the severe price volatility of cryptocurrency throughout the last year, a period which is now being referred to by some as the “crypto winter,” the advent of a stablecoin will be a welcome addition to TRON merchants and developers looking for more peace of mind in their transactions.

According to the press release, TRON and USDT’s intention is to improve the experience of “enterprise-level partners and institutional investors,” giving them more flexibility in how they operate on the variety of features offered through TRON’s growing network.

Similar to the adoption of BitTorrent and subsequent issuing of BitTorrent Tokens (BTTs), TRON is looking to expand its sphere of influence by integrating existing protocols onto its blockchain and network service. BTT, in particular, proved to be a substantial windfall for the currency, with the 50 billion tokens issued through Binance’s Launchpad selling out in under 15 minutes (worth $7.1 million).

The move represents an interesting partnership for Tether. While the USDT coin has been met with controversy over the last two years, as various groups of investors have questioned the exact holding of Tether and the 1:1 U.S. dollar backing that the company claims, the currency has been quiet in the news of late. Partnering with TRON is both a way for Tether to regain some relevance in the space of cryptocurrency while expanding its influence in the industry.

Given a series of announcement by major institutions, such as Facebook and J.P. Morgan, to create stablecoins for their various services, Tether is beginning to look embattled in the landscape of maintaining stablecoin dominance. As previously reported by EWN, research published two weeks ago found that stablecoins would become the most “tokenized liquid asset” over the next 24 months, accounting for a substantial amount of growth in the industry of cryptocurrency.

At present, Tether holds the majority stake in stablecoin use and transaction volume, but that market share could erode over the next year as more institutions enter the sphere. Particularly given the influence of Facebook and it’s rumored WhatsApp messaging coin, Tether could be in a position of intense competition as digital assets continue to find favor among mainstream audiences. For TRON, USDT represents another tool in growing its brand of extensive digital services. 

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TRON Gaming Should Lead the Way for TRX in 2019

Cryptocurrency, TRON (TRX)–With the crypto markets showing a moderate amount of price stability in the final week of 2018, after falling nearly $700 billion in market capitalization throughout the year, coin projects are consolidating and focusing on growth for 2019.

TRON, in particular, is in the position to expand beyond its current limitations through the industry of gaming.

Since first gaining traction through a strategic partnership with blockchain gaming portal, the TRON Foundation and the TRX currency have been the premier project for advancing the interest of gaming through cryptocurrency. The white paper for TRON, while controversial and criticized, outlined the project as a platform that would tackle the landscape of digital entertainment, with gaming being one of the more prominent and approachable avenues for cryptocurrency to infiltrate.

The potential for TRON gaming increased midway through the year, with the announcement that TRON founder Justin Sun had acquired BitTorrent in a wholesale purchase of Rainberry, Inc., giving the budding TRX Main Net access to the 170 million user base affiliated with the filesharing service. While BitTorrent is not as direct of a route to gaming as the partnership, it does present a significant overlap in consumer bases, with the torrenting crowd finding a like-minded interest in the decentralized money of cryptocurrency. Project Atlas, which is being designed to further integrate BitTorrent on the TRON platform while providing greater incentive for torrenters to participate on the network, could also deepen the relationship between the two platforms.

However the announcement of TRON Arcade, as reported by EWN at the end of November, gives a clear indication of the direction for the TRON Foundation in next year and beyond, or at least provide some focus for the currency’s development and investor base. According to the press release at the time, the TRON Foundation will be paying out $100 million over the next three years to spur innovation in blockchain gaming on the TRON platform, while also providing a strong incentive for gaming developers to integrate TRX into their creations.

Justin Sun characterized the announcement as “crucial” for the growth of the currency and crypto gaming, going on to expand upon TRON’s role in the broader sphere of digital entertainment,

“TRON strives to tackle existing issues faced by the gaming industry by leveraging the open, transparent, and immutability of blockchain technology. TRON Arcade will play a crucial role in encouraging developers to join in our mission and provide the best blockchain gaming experience to users around the world.”

With the market still reeling from the deep bear correction of 2018, gaming provides an outlet for TRON to hinge upon and expand in the interim period of recovery. The TRON Foundation and Justin Sun may seek to tackle the megalith of digital entertainment, but with gaming, it may not be necessary to reinvent the wheel. TRON only has to find a way to improve upon the current landscape through the TRX coin in order to incentivize greater investment interest and development for the coin. E-sports, in particular, are projected to surpass $1 billion in global revenue next year, showing an industry that is both experiencing explosive growth and ripe for the input of a technology like crypto.

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TRON (TRX) Price Slipping Despite TVM and BitTorrent Addition

TRON (TRX)–As the cryptocurrency markets continue to shed billions of dollars, TRON is the latest coin to suffer from a decrease in value despite positive development for the project.

Last week, the TRON Foundation dropped a bombshell of an announcement that the cryptocurrency would be partnering with one of the world’s most popular torrenting services: BitTorrent. While the news was anticipated ahead of the official confirmation, considering Justin Sun has been tied to the purchase of the peer-to-peer file sharing service since early January, it represented a milestone for the project in terms of what the coin’s community could anticipate on Main Net.

While most of the TRON community appreciates the official announcement linking the cryptocurrency to Sun’s purchase of BitTorrent, the market has yet to reflect the acquisition in terms of value. Despite adding over 170+ million users via the decentralized, file sharing application, investors have not flocked to TRON in the way such a high profile merger would seemingly constitute. Instead, TRON’s price has continued to fall with the majority of the market, seeing only a modest bump in price following last week’s announcement, which has already been eroded by the price fall of the last several days.

In addition, TRON’s update of TVM, the TRON Virtual Machine to assist in the creation of smart contracts and independent blockchains, has had little impact upon the price. Despite accompanying an announcement on Monday of Project Atlas, a proposed improvement of TRON’s Main Net to function more efficiently with BitTorrent, the positive development action out of the coin is seeing little reflection in market value.

While most investors in cryptocurrency, particularly those who invest in projects they hope to hold long-term for appreciation, have grown accustomed to the inverse price movement accompanying new development, it does characterize 2018 as a more bizarre year for cryptocurrency. Despite the tanking value of the industry’s market capitalization, 2018 has far and away been a massive year in terms of crypto development and new adoption–across the board of many coins.

Given the reckless investing that capitalized the final quarter of 2017 and opening weeks of this year, total industry fatigue may be leading to investors having less concern over what projects are improving or forming new partnerships, and instead create the conditions for a massive exodus to try and catch the market cap bottom. Bitcoin has continued to hold its sway over industry price movement, with a small rally forming in response to anticipation over an SEC approved ETF. However, following last week’s dismissal of a bid by the Winklevoss twins to form a BTC ETF, the market has taken a decidedly negative stance on crypto in the short-term, again contributing to Bitcoin-imposed volatility on the industry.

Despite the lack of return on value for TRON and TRX investors, the infusion of BitTorrent onto the currency’s network can only be beneficial for the long run. While 2018 represents the piquing interest for crypto projects and blockchain, the latter half of the year and next might transition into a search for legitimate reasons to use crypto. Sun and the TRON Foundation have yet to outline their plan for torrenting on the cryptocurrency’s platform, but  they have proposed an intention to incentivize participation. Given the substantial overlap between crypto and torrenting, it seems like there is legitimate room to grow via the BitTorrent merger. 


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TRON (TRX) Unveils Secret Project, Introduces Atlas

TRON (TRX)–Following up on last month’s promise of a “secret project” to be released on July 30th, founder Justin Sun and the TRON Foundation have announced Project Atlas, a system designed to strengthen the foundations of TRON and make the currency more efficient in relation to the new BitTorrent acquisition.

In June, during a live stream event to commemorate the Independence Day for TRON, Founder Justin Sun expanded upon the TRON Virtual Machine (TVM), in addition to teasing a new project announcement for July 30th. While most of the TRON community assumed the announcement would be in relation to Sun purchasing BitTorrent, thereby integrating the 100+ million users onto the TRX Main Net, news broke last week that the merger was taking place ahead of the July 30th announcement. Instead, the TRON Foundation provided a twist on the currency’s update, revealing details on Project Atlas, a program designed to improve upon the existing framework of Main Net and the cryptocurrency.

While details surrounding the project are sparse, Sun outlined on his Twitter that the new TRON protocol will work in conjunction with the BitTorrent merger, allowing a “great future for both.” In addition, the Open Letter published today to accompany the Beta Launch of the TRON Virtual Machine, states that the acquisition of BitTorrent will allow for TRON to grow exponentially in the cryptocurrency space,

“The acquisition enables TRON and BitTorrent to become the largest decentralized ecosystem in the world.”

Again, details are scant, but the aforementioned improvement to TRON’s network efficiency that Atlas will bring about likely seems tied up in improving the function of torrenting on the platform. TRON has yet to outline the exact way BitTorrent will function in conjunction with TRON’s Main Net, in addition to what the cryptocurrency plans to implement in order to scale to levels necessary to handle the volume of torrent based transactions. In a section of the letter addressing the TRON Secret Project and BitTorrent merger (which was announced last week), the TRON Foundation had this to say,

“Currently, we are exploring the possibility of using the TRON protocol to improve the BitTorrent protocol, in order to make BitTorrent protocol faster and lengthen the lifespan of BitTorrent swarms. I hope the integration of TRON and BitTorrent will allow both parties to work better as one in the future.”

TRON does mention their intention to provide incentives for network users to continue to seed files following their download, thereby infusing greater resources into the torrenting ecosystem and improving the experience and utility of the system. If nothing else, TRON intends BitTorrent to be their major differentiating factor from other network currencies on the market, while focusing on how cryptocurrency can improve the overlapping, decentralized world of torrenting,

The TRON network will serve as the underlying protocol of the Secret Project. Hundreds of millions of BT users across the globe will become a part of the TRON ecosystem. BT will be the largest application on the TRON network, which will allow TRON surpass Ethereum on daily transactions and become the most influential public blockchain in the world.


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One Week Away from TRON (TRX) ‘Secret Project’ Announcement

TRON (TRX)–On July 30th, TRON will reveal its long-anticipated ‘secret project’ that will mark the next step in TRX growth and innovation.

In June, during a celebration live-stream to commemorate TRON’s Independence Day (the official diversion of the TRX genesis block away from its ERC-20 roots), Justin Sun tantalized fans and investors with news of a ‘secret project’ that would be coming at the end of July. While the conversation was framed in praising the TRON development team for delivering on its promises and meeting deadlines, Sun also touted July 30th as a substantial date in the growth of the TRX currency.

“I think one of the most important values of Tron is we delivering our products and mission on time. So as you see, we delivered our testnet on the March 31st, our mainnet on may 31st, and officially are launching our mainnet on June 25th. The next very important milestone is July 30th- we will deliver our official virtual machine. All the decentralised exchanges and applications on the Tron platform are plugged into the Tron ecosystem. July 30th we will launch one of our secret projects

Much like the Exodus update in March, which saw the launch of TRON’s test net, and the official release of Main Net in June, TRON has been characteristically prompt on achieving deadlines and following through with development outlines. TRON Virtual Machine, which Sun mentioned would accompany the release of the mysterious project news, first saw its alpha version launch on May 25th, just days ahead of Main Net. TVM, which the TRON Foundation has described as a “cornerstone of [the] TRON ecosystem,” will provide a protocol for user-friendly blockchain generation that will drive new coin creation on the TRON Main Net and paving the way for smart contracts (in addition to contributing to the TRX coin burn system).

TRON Virtual Machine (TVM), is a lightweight, Turing complete virtual machine developed for Tron’s ecosystem, aimed at providing millions of global developers with custom-built blockchain system which is efficient, convenient, stable, secure and scalable.

While Sun has been quiet on any hints surrounding the TRX-based secret project to be announced next week, there are a few avenues worth speculating. The most obvious concerns the high profile purchase of BitTorrent for $140 million by Justin Sun, a deal that started at the beginning of the year and was only finalized last month.

While it’s possible Sun’s intends to keep the 170+ million BitTorrent user-base separate from TRON, it seems more likely that the outspoken founder will find a way to integrate the service onto Main Net. Monday’s reveal could be information on the merger of the two products, or at least the introduction of torrenting or torrenting-like features onto TRON’s recently established network. Keep in mind that Sun, the TRON Foundation and TRON whitepaper have outlined the currency as a technology to disrupt the modern entertainment industry. While the roots of such a claim are not in the malicious pirating of media, it could still find substance in the peer to peer file sharing function of torrenting, as well as providing immediate use for participants on TRON’s network.


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Founder Justin Sun Wins Bid for TRON (TRX) Super Representative

TRON (TRX)–Barely a day after announcing his candidacy in the TRON Super Representative election, founder Justin Sun has accumulated the necessary votes to hold such a distinction.

Just one of 27 nodes, “Super Representatives” on TRON’s network function to validate transactions and guide the network operation, in addition to collecting rewards, which constitutes a major part of the TRX-based Main Net that was hyped throughout the first half of 2018. While any TRON developer is free to run for election (with over 60 candidates vying for the remaining spots as of writing), TRX holders are the ones who ultimately make the decision through a voting process that involves their coins. One TRX is worth one vote, with the ability to cast for candidates occurring in a regular cycle. In order to become a Super Representative, a candidate must obtain a minimum of 100 million votes (backed by the TRX of actual investors). Previous candidates to achieve the hallowed status of Super Representative have taken weeks to accumulate the massive number of votes required to win the election.

It took TRON Founder Justin Sun just twenty-four hours. 

Sun first announced his candidacy to run for Super Representative election on Wednesday to mixed reviews by the community. While Sun has been an ardent figure for TRON, regularly promoting and informing the TRX investment base through his Twitter account, some found fault with the optics of a coin founder–who holds a disproportionate amount of the total TRX supply–participating in a process that should be democratic. However, Sun did his best to alleviate community concerns by reiterating that his funds, along with those of the TRON Foundation totaling 33 billion TRX, are locked in escrow for the foreseeable future. In addition, Sun made a bid that his position as a Super Representative was one of twenty-seven voices, as opposed to being looked upon as the leader of the representatives.

As the founder as well as a candidate, I am determined to go through the selection process like everyone else, which displays TRON’s inclusiveness and openness as a decentralized and autonomous community. I sincerely hope that members of the TRON community could vote for me. As one of the firmest believer of TRON, I am excited to witness more miracles coming along our way, and I hope everyone in the community can execute their rights to vote for the SR candidates.

Following his election, Sun continued to draw mixed opinions from the TRON community over how the elections have been handled. While Sun maintains that his candidacy, and subsequent election, is a justification for the efficacy of the TRX-based voting process, other voices in the community contend with the perception of the situation. Justin Sun has been the vocal leader of TRON since launching the currency in September 2017. He has grown to a Steve Jobs-esque persona through his promotion on Twitter, and is one of the more active and vocal founders in the space of cryptocurrency. Add to that his high profile purchase of BitTorrent, which has only increased the magnifying glass on the young creator, and some are beginning to worry he his gaining too much authority over what should be a decentralized cryptocurrency in TRON.

However, others find little fault in Justin Sun’s bid for SR election, and actively encouraged it. For one, news of Sun running in the election was not new–he informed the community of his intention to run in a Medium post back in April. Another: Sun was fairly elected, albeit in a much shorter time frame, through the same democratic voting process as any other candidate. Yes, Sun is extremely high profile, particularly when compared to his competition. It is also possible that Sun could have negotiated support from heavy TRX bag holders to pump his voting count. But given his position with TRON and regular appeals to the community and investment base, it’s no surprise the charismatic founder was able to garner 100 million votes in barely a day.

Sun becoming a SR is a natural progression for him to participate with the currency while not holding the centralized authority as a CEO or founder. Now Sun is beholden to the same rules and process as all other 26 reps, creating a theoretically level playing field for the position.


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State of TRON (TRX) Post Independence Day

TRON (TRX)–Despite the plummeting cryptomarket over the past two weeks (down nearly 60 billion USD in market capitalization), TRON has managed to push forward with the development of the currency. Monday June 25th marked the official genesis block of TRX on Main Net, signifying the moment that TRON officially distanced itself from Ethereum’s ERC-20 token to establish an independent public blockchain. While Main Net has been a successful launch for several months now, the critical beginning to TRON’s digital platform has officially started, allowing for founder Justin Sun and the TRON team to work towards the creation of a new media landscape.

As opposed to Bitcoin, which is currently struggling to find a way around the crippling miner fees and slow transaction times that have characterized periods of peak use, TRX (the native currency to TRON), has been established with the ability to scale. As outlined by Justin Sun in early May, TRX on Main Net has the utility to be a top of the market currency. Transactions using TRON consume 0.00001 TRX, which means a single coin purchased today for 3 ½ cents could provide a user 100,000 TRON based transactions. In addition to negligible fees, TRON has a network capable of handling 10,000+ transactions per second, which eclipses that of even Ripple’s Xrapid banking system. In addition, similar to the format of Ethereum with ERC-20 token creation, TRON has designed a system for developers to produce their own cryptocurrency on Main Net, thereby allowing for near-infinite innovation outside the parameters of TRX. This gives inherent value to the TRX coin (1024 TRX = one new cryptocurrency), while also allowing developers the freedom to expand away from TRON’s native currency if they so choose–and still retain the benefits of Main Net.

Despite being less than a week into the official start of TRON’s independent blockchain, it has become clear that the TRON team has prioritized two features in their currency: overcoming the issues of scale ahead of an influx of users, and giving developers the tools to expand in a multitude of directions. Given the currency’s position as re-defining the digital landscape of entertainment media, both are necessary for long-term development.

Speaking on a livestream to commemorate Monday’s Independence Day, TRON founder Justin Sun lauded his team for their poignancy in meeting deadlines related to the development of the currency, including March’s Test Net launch and the most recent creation of the genesis block. He also alluded to July 30th being the next major date in TRON’s development, with the release of the TRON Virtual Machine (TVM–a user-friendly tool for the creation of blockchains) and also hinting at a “secret project.”

While Sun has yet to give further details on what the TRON team has in the works, the days following the launch of the independent blockchain saw TRON making substantial partnerships in the industry of online adult entertainment. Pornhub, the world’s number one porn site in terms of traffic and the 31st largest website overall, has established a program to start accepting TRX for payments (in addition to ZenCash and the previously announced Verge). To accompany this monumental partnership, the TRON team produced a tongue in cheek video playing on the future of money and other cultural references:

TRON followed up on the Pornhub announcement with another X-rated partnership in the form of Brazzers. While TRON has been a vocal pursuant of gaming, social media, publications and even education on Main Net, clearly adult entertainment is going to factor in as a feature. As of now, these websites are not publishing content on TRON’s network, but instead accepting TRX as a form of payment for premium services.

While the rest of the market reals from double-digit losses to extend the bear cycle, the TRON community has new outlets for adoption to sift through, in addition to the upcoming announcement of Justin Sun’s “secret project.”


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TRON (TRX) Providing a Model for Top-Down Decentralization

TRON (TRX)–Yesterday TRON celebrated a milestone in the currency’s development, by claiming June 25th as Independence Day. While the coin’s Main Net was launched at the end of last month, Monday marked the official start of TRON’s independent blockchain (migrating away from its ERC-20 roots), with the creation of the TRX genesis block. The event saw a coordinated effort between founder Justin Sun and the various members of the TRON team, conducting a live feed event in addition to highlighting upcoming projects for the currency. In particular, Sun hinted at the next major date for TRX as July 30th, with the release of TRON’s Virutal Machine (TVM) and a to be announced “secret project.”

For those investors and industry enthusiasts who have been paying attention to cryptocurrency for the past year, TRON has had one of the most storied journeys to its current position as 11th in total market capitalization. The coin was first released to the market in September 2017, amidst the crackdown and rumored ban being imposed by the Chinese government on cryptocurrency and ICOs. While the coin struggled to gain price traction through its first three months on the market, December brought one of the largest pumps in all of cryptocurrency history. TRX started the final month of 2017 trading at 0.002 USD and peaked in the first week of January 2018 at 0.30 USD, constituting a price increase of 14900% (to put that figure in perspective, BTC experienced 1900% price growth from the beginning of 2017 to its peak in December). The subsequent fallout in price, which hit 0.025 USD at its lowest point, brought both media and investor backlash in the form of FUD and other frustrations.

However, Justin Sun and the TRON team continued moving forward with their project, meeting the March 31st deadline for the launch of Test Net (the precursor to Main Net), in addition to community-based projects such as the bounty program, TRON loans and the 2 billion USD Project Genesis reward fund.

Sun has been on the receiving end of harsh criticisms, at times unfairly, for his forthright approach to marketing. In December, his frequent twitter updates were viewed by some as attention grabbing ploys to pump the price of TRX. However, Sun and the TRON Foundation have been at the forefront for handling the conundrum of top-down decentralized currencies.

The most powerful feature of cryptocurrency is the decentralized protocol of the technology and ethos of the community. Yet investors have clearly given preference to the familiarity of central authority figures. Litecoin struggled in the aftermath of founder Charlie lee selling his stake in LTC, but has overall benefited from his steady presence in the industry. Bitcoin Cash is almost entirely at the mercy of Roger Ver and his divisive tactics. Ethereum, despite having a broad base of GitHub commits, takes its cues from Vitalik Buterin.

TRON has received significant benefit from the guiding hand of Justin Sun and the Tron Foundation, which outweighs any implication of control. Yes, the founder and team behind TRON control nearly 34 billion coins. But thus far, they have used their funds to further the TRON brand with the 1 billion TRX coin burn (which amounted to the destruction of 50 million USD) in addition to the aforementioned community programs. The core TRON team is driving the decentralized growth of TRX, despite their appearance of authority. Through their focus on currency utility (high tps, negligible fee transactions, and limitless growth on Main Net) the TRON foundation has created the impetus for TRX adoption and greater investor interest. They have utilized the features of their coin to pivot in the direction of incentives that reward Main Net development and projects that will drive users to TRON’s burgeoning network. 

While TRX prices may not reflect what the coin has accomplished over the last 4 months, the groundwork is being laid for a usable currency with near-infinite possibilities through Main Net. The excitement for TRON’s growth is palpable among the investor base, almost entirely thanks to the effort of Sun and the TRON team.