ABCC exchange partners with the Tron Foundation in order to start listing TRX 10 tokens. The information was released by ABCC Exchange on January 15 and confirmed by Justin Sun on Twitter.
We are excited to announce our partnership with @Tronfoundation ahead of #niTROn2019! @Justinsuntron#ABCC is the 1st exchange that will list #TRX 10 tokens – We are one of the top exchanges with great security and user interface. Stay tuned!
#Blockchain mass adoption is coming pic.twitter.com/8T5mcgB9jn
— ABCC Exchange (@ABCC_Exchange) January 15, 2019
With this partnership, it will be possible for the exchange to add support to tokens that are based on Tron’s TRC10 standard.
Furthermore, a few days ago, the exchange informed that they were working so as to offer support to these tokens and also TRC20 tokens.
The price of #TRX has been rising rapidly!
This is testament to the good news we have been hearing from @Tronfoundation recently. We are currently working with Tron to list TRC-20 and TRC-10 on ABCC Exchange!
More details will be shared with you shortly. Stay posted! pic.twitter.com/xZGAaoIydW
— ABCC Exchange (@ABCC_Exchange) January 10, 2019
The exchange has been performing improvements to its platform to add the necessary support for these tokens. They were upgrading the system on January 15 for a few hours.
The TRC10 standard was created for tokens that are supported by the Tron blockchain without having to use the Tron Virtual machine (TVM). TRC20 tokens are those that are implemented through the TVM. These coins are also compatible with the ERC-20 standard from Ethereum (ETH).
Tron has been working in order to create a more scalable, easy to use and fast platform for developers working on Ethereum and EOS to move to Tron. In the future, Tron aims at surpassing Ethereum in the crypto market.
Nevertheless, not everything is so positive for Tron. Indeed, a former chief strategy officer at BitTorrent said that the Tron network is not able to handle the number of transactions required by the platform. A few weeks ago, the BitTorrent Foundation announced that they were going to launch a new token called BitTorrent Token (BTT).
At the time of writing this article, Tron is the 9th largest digital asset in the market. It has a market capitalization of $1.62 billion and each coin can be purchased for $0.024 dollars. In the last 24 hours, Tron lost 4.12% of its value. The largest price drop among the top 19.