Tag: Tron (TRX)

Categories
Crypto News

TRON (TRX) Migration To The TRON Mainnet Commenced Yesterday, June 21st, And Will End On June 25th

The migration of TRON (TRX) tokens from Ethereum (ETH) blockchain to TRON mainnet began on June 21st and will continue until June 25th.

The cryptocurrency exchange platforms that will support the migration will have the withdrawals disabled until that date. The deposits will be enabled, so interested parties will only need to send their ERC20 tokens to the cryptocurrency exchange platforms to participate in the migration. TRON (TRX) deposits and withdrawals will be available generally as of June 26th.

In a publication entitled “June 25th, TRON’s independence day,” the TRON Foundation announced that by that date the TRON mainnet would be fully operational, and to celebrate the event, the “burning” of 1 billion TRX, the equivalent of about $48 million will take place.

Keep in mind that on May 31st, 2018, the TRX ERC20 tokens were launched on Ethereum (ETH) blockchain. Of the total 100 billion ERC20 tokens distributed, only 99 billion will be available after June 25th, which could result in an increase in the TRON (TRX) price. Likewise, a total of 33,251,807,524 TRX belonging to the TRON Foundation will be blocked until January 1st, 2020.

TRON (TRX) is on its way to becoming a great cryptocurrency once the migration to TRON mainnet ends

The TRON (TRX) is in the 9th position by market cap, according to the CoinMarketCap, with a market capitalization of just over $3 billion. At the moment of this writing, TRX trades at $0.043, registering a drop of 10.37% in the last 24 hours.

TRON Foundation also published the list of cryptocurrency exchange platforms that will support the migration of TRX tokens, including Binance, Bitfinex, Cryptopia, Huobi, Koinex, and Coinbene.

The schedule of the migration from ERC20 to the TRON mainnet will be published by each exchange platform in part.

To ensure that the launch of the TRON mainnet is secure, the developers offered a reward of up to $10 million in TRON (TRX) to users who find and reports code errors.

Categories
Crypto

Cardano (ADA) Ouroboros May Be Better Than Both EOS (EOS) and TRON (TRX)

Cardano (ADA) is a smart contracts platform established by Charles Hoskinson, CEO of IOHK. It is on the eighth position among the largest cryptocurrencies regarding market capitalization, higher than TRON (TRX) but lower than EOS (EOS). Smart contracts platforms are now available, although not most of them can endorse what they assert. But Cardano (ADA) appears to be among the exceptions. This smart cryptocurrency trading platform is safer, more resilient, and also more scalable. Its management is even more equitable and accountable.

When blockchain technology was introduced into the smart contracts business, a significant challenge was the transparency and equity of these systems. The primary intent of cryptocurrencies is to suppress centralized control and permit a decentralized economic system. Sadly, that’s not exactly what some of the smart contract platforms like Ethereum (ETH) and EOS (EOS) are currently implementing.

This is why Cardano (ADA) Ouroboros may be better than both EOS (EOS) and TRON (TRX)

A finite group of miners is in control of the platform’s future, as the voting power is profoundly focused on a limited number of people. This might be a potential issue with the work test (WTP), mainly if sufficient measures are not in place to secure the majority’s best interests. A number of these ventures have sought to explore the participation test (PfP) but have so far been unsuccessful. Thankfully, Cardano (ADA) has fixed this issue with its Ouroboros algorithm.

Cardano (ADA) Ouroboros algorithms oversee how any and all nodes reach consensus and guarantee that rights to vote are equitably distributed to secure a decentralized and democratic economic system. This is another fact that distinguishes Cardano (ADA) from its rivals including EOS (EOS) and TRON (TRX), because Cardano (ADA) has a practical answer to the voting transparency issue, whereas the other platforms do not.

Cardano (ADA) is renowned for its belligerent movements both against Bitcoin (BTC) and the US dollar (USD) and is now trading at $0.167, while against BTC ADA has increased by over 6%.

Categories
Crypto Markets

TRON (TRX) Dealt With Shift Markets And Made Its Emergence On The Mainstream FOREX Markets

In an early movement, corroborating with the ongoing impetus of the Tron (TRX), Justin Sun, reported on his official Twitter page the significant association of the Tron Foundation and Shift Markets, reported Ethereum World News. This deal will boost TRX’s liquidity even more not just within the cryptocurrencies markets but in mainstream Forex markets trading global fiat currencies, as well.

TRON partnered with @shiftmarkets to introduce $TRX into more currency markets around the world. Stay tuned.

Justin Sun, TRON (TRX) CEO, on Twitter

Justin Sun has also shared a link to the official announcement which also talks about the fact that TRON (TRX) will now be the liaison between cryptocurrencies market and mainstream Forex markets, as TRX will be available for trading from 9 brokers, each from a different country.

The first one to bring TRON (TRX) will be an UK-based exchange, in the forthcoming weeks, and will be closely followed by J.M. Financial, a broker based in India.

TRON (TRX) partnered with Shift Markets and will emerge on mainstream Forex markets

We are delighted to close the gap between the foreign exchange and cryptography markets with a project as popular and exciting as TRON. The demand for FX has been huge, and we anticipate more and more crossover between the two markets.

Ian McAfee, Shift Markets CEO

Shift Markets offers a comprehensive brokerage suite that covers liquidity, trading technology, risk management, sales, marketing, and compliance. Among Shift Markets’ clientele, there are brokers, CFDs, cryptocurrency, as well as mid-market and start-up companies.

The services offered by Shift Markets cover anything from start-up stage of a company to the maturation phase.

On the other hand, at the moment of this writing, TRON (TRX) is traded at $0.060, increasing by about 3.20% in the last 24 hours. TRX is placing on the 10th position on the cryptocurrencies market with a market cap of about $4 billion.

Categories
Crypto

Tron (TRX) Has Been Listed On Indodax, The Biggest Indoneasian Cryptocurrency Exchange Platform

Tron[TRX] is more than its mainnet, lately, as the TRON team is struggling fiercely to get the TRX where it belongs, namely, in the top. After Malta and Eastern Europe, now is the turn of Indonesia to accept Tron (TRX). More specifically, the Indonesian cryptocurrency exchange Indodax has listed Tron (TRX).

However, for the beginning, TRX will only be tradable against Indonesian Rupiah (IDR) and the TRX/IDR transactions will be available starting with tomorrow, June 4th, at 8 AM Indonesian local time. Additionally, the trading operations will commence the next day, June 5th, at 3 PM Indonesian local time.

Indodax cryptocurrency exchange has warmly embraced the TRX’s community members, stating the following:

Selamat Datang Tron (TRX) di Indodax – Welcome to Tron (TRX) at Indodax!

Tron (TRX) joins Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) on Indodax cryptocurrency exchange platform

Indodax operates with the major cryptocurrencies, including Bitcoin (BTC), Ripple (XRP) and Ethereum (ETH), among which Bitcoin (BTC) and Indonesian Rupiah (IDR) are traded in pairs. Indodax holds a market cap of about $23.5 billion, as reported by CoinMarketCap data, while Bitcoin (BTC), Tokenomy (TEN), and Storiqa (STQ) being the most traded crypto on the platform, as they are all paired with IDR.

Justin Sun, the founder and CEO of Tron (TRX) is very optimistic about the TRX addition on the Indonesian cryptocurrency exchange platform, Indodax, and announced the event in his characteristic manner:

#TRON has expanded to #Indonesia and can now trade with #TRX on our first Rupiah pairs $TRX/$Rp. More exchanges are coming! #TRONSR.

Justin Sun, founder/CEO of Tron (TRX), on Twitter

As we speak, Tron (TRX) is being traded and exchanged on 98 cryptocurrency exchange platforms all over the world, including some of the big players in this field such as Binance, Upbit, and Bithumb. However, Justin Sun has just announced that Tron community members should expect even more listings on other big cryptocurrency exchange operators.

Categories
Crypto

Apple Added TRON (TRX) Pricing On Its Stocks App, Next To XRP, BTC, And QTUM, Said Justin Sun, TRX Founder

Justin Sun, the owner of TRON (TRX), has announced this morning on his Twitter account the fact that Apple is backing the TRON Foundation by incorporating $TRX pricing into its stocks listing app.

Apple introduced TRON (TRX) prices to its stocks listing app

Apple has been extraordinarily enthusiastic regarding the expansion of blockchain technology, with the inclusion of cryptocurrencies such as Ripple (XRP) and Bitcoin (BTC).

QTUM crypto is another interesting listing on Apple stocks network. QTUM runs on a mixture of Bitcoin Core infrastructure and a version of Ethereum Virtual Machine (EVM). QTUM is trading at $13.18, at the moment of this article.

So, by introducing TRX, Apple is simply defending a more widely available global digital currency by giving us insight into its prices, market capitalization holdings, and so on. Consumers need to append TRX/USD to Apple’s holdings app.

A Reddit user commented on this topic stating that:

They are certainly doing the right thing to be in the position they are in. Although I don’t like some of their tactics, I’m happy to let them make me money.

However, Justin Sun’s tweet got some very negative feedback, as the TRX’s founder has been accused of misleading the community members because Apple, supposedly, has nothing to do with the before-mentioned crypto’s addition.

Apple has always been a friend of cryptocurrency and now TRON (TRX) is promoted

Steve Wozniak, the co-founder of Apple, declared at the beginning of May that he sees the blockchain technology as a huge IT revolution. In the last 24 hours, TRX has been trading at a market capitalization of $4.62 billion and has experienced a 3.98 percent growth in the past 7 days.

TRX is presently being priced at $0.07 on Upbit, at the time of this article. TRON (TRX) can also be exchanged at Bithumb, Binance, and Bit-Z. The TRON community expects that this will ultimately raise its stocks, as traders will be better acquainted with market fluctuations prior to investing.

Exit mobile version