Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Binance Releases Institutional-Grade Report on Tron As Crypto Exchange Huobi DM Lists TRX for Derivatives Trading

by Daily Hodl Staff
April 29, 2019
in Altcoins
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
‎‎‎ ‏‏‎

Binance Research has released an in-depth report on Tron, a public blockchain that serves as the infrastructure for a decentralized internet. Its native cryptocurrency TRX is the 10th largest cryptocurrency by market cap.

While the report pegs the current count of DApps on Tron at 394, that number has swelled to 402 as the platform continues to see an influx of blockchain developers who are joining and building up the ecosystem.

Tron has excelled at cornering the market for blockchain-based gaming and betting DApps, with TRONbet ranking as its most successful with 2,300 users in the past 24 hours.

Ranking as the No.1 #TRON dapp with more than 2.3k users in the last 24 hours, @TRONbet keeps going strong and has just launched its new game platform – TRONbet LIVE!🔥
Here's everything you need to know about the game>> https://t.co/UF3DZEjY07 pic.twitter.com/ArhcUh75wk

— Dapp.com (@dapp_com) April 28, 2019

According to the Binance report, TRX has exceeded 100 million transactions and is used for several purposes.

Examples of TRX use cases

  • Payments for services and goods provided by service providers and merchants on the Tron network
  • Payments for fees and commissions for running native smart contracts
  • Exchanging for 3rd party issued Tron Classic (“TRC”) network tokens
  • Freezing TRX to delegate energy towards running smart contracts or voting for Super Representatives

Tron’s collaborations include a partnership with global blockchain-based developer MixMarvel to build a suite of games, and Tron’s 2018 acquisition of the file sharing protocol BitTorrent, which has allowed the company to leverage the BitTorrent user base of over 100 million.

In addition to gaming, Tron has established a number of strategic moves to extend its reach into finance.

Says CEO Justin Sun,

“We’re getting lots of interest from these institutional investors. I think we’ll do everything to fulfill their requests because when the institutional investor gets into this industry they have lots of requests.” 

The company has partnered with blockchain tech startup Swarm to bridge the gap between crypto and traditional finance through the issuance of fully compliant security tokens on the Tron blockchain, and it has secured a new listing on Singapore-based Huobi DM, the digital asset derivatives trading platform of Huobi.

Tron also partnered with Tether (USDT) to launch a new USDT stablecoin on the Tron network in order to entice institutional investors with a less volatile trading environment. Sun now says he’s watching the news cycle closely in the wake of the recent allegations by the New York Attorney General’s office that Bitfinex-Tether (USDT) engaged in fraud.

Sun says they’re postponing their $20 million USDT incentive plan.

We’re closely following events with @Tether_to. We’re however seeing amazing demand for #TRON based #USDT and will postpone our 20M Incentive plan till May 7th 0:00(UTC+8), so exchanges have more time to complete the swap. New Incentive plan schedule: https://t.co/y7uYFu0XZf pic.twitter.com/TAifoqB8WY

— Justin Sun (@justinsuntron) April 29, 2019

You can check out the full Binance Research report here.

Follow us on Facebook            Join us on Telegram            Follow us on Twitter


Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
  • Student Coin Found New Ways to Use Crypto
    February 24, 2021
  • Everest Receives Crypto Custodian Approval
    February 23, 2021
  • Here’s How Traders Are Staking Crypto Assets Without the Hassle
    February 18, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$45,578.00
$45,578.00
9.94%
Ethereum
$1,438.90
$1,438.90
12.1%
Binance Coin
$218.60
$218.60
12.25%
Polkadot
$29.50
$29.50
12.3%
Cardano
$1.02
$1.02
2.94%
XRP
$0.429534
$0.429534
9.78%
ADVERTISEMENT

Spotlight

  • $8.7 Trillion Asset Titan BlackRock Has Officially Entered Bitcoin Market
    February 18, 2021
  • North American Bitcoin ETF Erupts, Analyst Says It Could Soon Shatter $1 Billion in Assets Under Management
    February 22, 2021
  • Dash Isn’t a Privacy Coin, According to Andreas Antonopoulos
    February 19, 2021
  • Public Companies Will Mirror Tesla’s Bitcoin Investment, Says Wealth Management Exec – Here’s Why
    February 23, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.