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Tron (TRX) is riding the wave at the moment, and it has attracted the attention of the big FinTech companies in the world today. The blockchain has also paved the way for innovation 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 was 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. The report notes,
"While Initial Coin Offerings (ICOs) have been given double in 2018 what they did last year, the controversial fund is raising its popularity. Diar number crunching shows that 70% of tokens are now valued at less than what was raised during their ICO. And with no equity representation, markets have shrugged off cash-on-hand as part of an enterprise valuation"
Diar has also summarized the activities of ICOs to be tamed to 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 the 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). " Tron's network effectively.
Not too long needle, Tron also got adopted by a gaming platform which also runs on the Tron network: Intergalactic Gaming.
Tron (TRX) Recent Listings
Trading added to its ecosystem. More, Binance recently annexed TRX / USD on its platform, and TRX / BNB trading pairs will also begin on the platform.
Subment, 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 been released on the platform.
More famous crypto exchange BitBay listed Tron on its exchange platform, too. It is important to note that BitBay has 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.
It is now being used for more than one month.
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Disclaimer: This article should not be taken as an 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 holdings in some of the coins or tokens they cover. The author is long Bitcoin. Please conduct your own research before investing in any cryptocurrency and read our full disclaimer.
Photo by rawpixel on Unsplash
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