The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • 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 Post
    • Press Release
    • Sponsored Post
    • Advertise
  • 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 Guest Post
  • 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 Post
    • Press Release
    • Sponsored Post
    • Advertise
  • 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

  • Coinfest Asia Is Back in 2023 Carrying the Theme of Web 2.5
    March 20, 2023
  • Poolz Security Incident Prompts Rapid Response and Platform Restructuring
    March 16, 2023
  • Sovryn Introduces Decentralized Bitcoin-Backed Sovryn Dollar To Combat Centralized Stablecoins
    March 16, 2023
  • Partnership Announcement – Oraichain x DoraHacks
    March 16, 2023
  • Wemade Announces Partnership With Space and Time To Power Blockchain and Gaming Services
    March 15, 2023
  • DAO Maker’s Degen Zoo Builds the Abandoned Logan Paul Game in 30 Days
    March 10, 2023
  • New Peer-to-Peer Chat Application Launches on the Decentralized Streamr Network
    March 9, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$28,164.55
$28,164.55
0.28%
Ethereum
$1,816.43
$1,816.43
1.99%
Cardano
$0.352171
$0.352171
2.56%
XRP
$0.42878
$0.42878
11.69%
Dogecoin
$0.074818
$0.074818
0.95%

Spotlight

  • Bitcoin Critic Nouriel Roubini Blasts BTC Amid US Banking Crisis, Says Crypto House of Cards Is Collapsing
    March 15, 2023
  • Bitcoin (BTC) Primed for Over 270% Explosion, Predicts Messari CEO Ryan Selkis – Here’s the Timeline
    March 17, 2023
  • Bloomberg Analyst Says Bitcoin (BTC) Undergoing Fundamental Paradigm Shift as US Banking System Faulters
    March 20, 2023
  • Trader Who Nailed Crypto Bottom Says Bitcoin and Ethereum Primed for Massive Rally Following Strong Weekly Close
    March 14, 2023
NBX Warsaw Summit Banner
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.
Featured Image: Shutterstock/Billion Photos

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 | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 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 Guest Post
  • 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 Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl