Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • 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
  • Email Alerts
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • 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
  • Email Alerts
  • DAILY HODL MIX
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.

[the_ad id="42537"] [the_ad id="42536"]
 
Check Latest News Headlines


 
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

Industry Announcements

  • Swappi’s New Launchpad Feature To Bring IDOs to Conflux
    May 20, 2022
  • First Global Web 3.0 Eco Innovation Summit Comes to Singapore
    May 20, 2022
  • Wombat Soars to $40 Million in Total Value Locked While Still at Beta
    May 20, 2022
  • Babel Finance Used Collateralized eNote on FQX’s Solana DApp via Fireblocks
    May 19, 2022
  • Top Solana Play-to-Earn Contender DeFi Land Launches Its First Play-and-Earn Game
    May 18, 2022
  • Sneakmart Announces a Collaboration With StockX on Its First Metakicks Drop
    May 18, 2022
  • Everyrealm and Storyverse Partner To Create Interactive Stories for NFT Communities
    May 18, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$30,305.00
$30,305.00
0.96%
Ethereum
$2,062.48
$2,062.48
1.98%
Cardano
$0.547986
$0.547986
0.88%
XRP
$0.424614
$0.424614
1.11%
Dogecoin
$0.0873
$0.0873
0.54%

Spotlight

  • Ethereum Whales Pick Up Chainlink and Three Additional DeFi Altcoins As Crypto Markets Stabilize: WhaleStats
    May 17, 2022
  • Venture Capital Giant Andreessen Horowitz Launches New $600,000,000 Metaverse Fund
    May 20, 2022
  • Bitcoin in ‘Deep Value’ Area as One Metric Hints at BTC Bottom, Says Macro Expert Lyn Alden
    May 16, 2022
  • Top Analyst Forecasts What’s Ahead for Ethereum, Solana (SOL) and One More ETH Rival As Crypto Markets Bounce
    May 18, 2022

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 •
Futuremash •
Industry Announcements

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

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • 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
  • Email Alerts
  • DAILY HODL MIX

© 2022 The Daily Hodl