Tron’s Popular Leader Justin Sun Series of Positive News as TRX Gears Up for Bull Run

Things Looking Up For Tron As TRX Value Rises By 11% As Justin Sun Announces TronChat

Tron, the 11th largest cryptocurrency just increased 11% in value. Their widely popular founder, Justin Sun Tweeted out a series of messages to mark this event and other positive announcements around the community.

Tron has always been in the news as the company seems to be stirring things up constantly. The past few days were no exception. Listed below are some of the notable occurrences that had transpired.

Tron listed on KuCoin

KuCoin is the 53rd largest exchange in terms of daily trading volume. Currently, $17 Million worth of tokens is traded on KuCoin. Tron will be traded in the following pair initially: TRX/BTC, TRX/ETH. The trading will go live from 28th August. The news comes just before the much awaited Tron Virtual Machine (TVM), which is said to release at the end of this month. The news of the listing has already taken the coin up and KuCoin listing should further increase the price, once deposits go live.

TRON Burns $670 Million Worth of Tokens

The TRON foundation also declared that they have burnt $670 Million worth of ERC20 tokens. This is the fourth instance that they have done the same.

Tron Launches TronChat

TronChat is being launched to compete with other social media apps such as Instagram Facebook and Youtube. The new platform will not only satisfy one’s social networking craze but also allow one to earn Tron’s native token, TRX, in doing so. The decision to create TronChat seems to have stemmed from the flaws associated with traditional social media platforms. Ever since Facebook was criticized for insufficient protection over users’ activities and privacy, consumers have been very careful.

TronChat intends to “fix this paradigm, and allows users to make money from their everyday interactions with social media.”

Tipping is going to be the USP of TronChat. Users can fix a rate in TRX as to how much the receiving end should pay in order to view to post. This is also referred to as “content premium”, which is not necessarily mandatory, but up to the content producer.

Tron’s Launch of TVM

TRON is scheduled to launch its TRON Virtual Machine (TVM) on August 30th. The highly anticipated launch will usher TRON into competition with leading dApp development platform Ethereum for market share in the incredibly lucrative dApp development market.

Ethereum’s dApp development platform almost single-handedly gave rise to the ICO boom of 2017. Up until now, no other blockchain platform has had much success in gaining ground on Ethereum.

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