Tron [TRX] gets another boost for Main Net with Binance announcing support
Published Tweet
With a train of companies and exchanges coming forward to stand along with Justin Sun, the Founder of Tron for the upcoming main net launch, Binance, the world’s leading cryptocurrency exchange platform announced their support.
After a short wait and the other top exchanges announcing their support to Tron’s main net and migration of tokens, Binance has finally opened up to declare the news to the Tron community earlier today.
Justin Sun tweeted:
“Another famous exchange @binance will support #TRON #TRX blockchain upgrade and token migration.”
Binance also confirmed the same:
“#Binance Will Support #Tron $TRX Main Net Token Swap. When the swap occurs, we will handle all technical requirements involved for all users holding #TRX.”
With the scheduled date for the upgrade and migration approaching soon, the superior digital asset trading platform has finally announced its helping hand for the same.
By this date, users have to deposit TRX’s ERC-20 tokens to Binance and they will later receive the equivalent TRX token. Binance currently has an exchange with multi-language and multi-currency support placing it on the top.
Jroolcoinz, a Twitterati says:
“OK, I bought some more TRX. This time I AM ALLOWING a Major BullRun all the way past Mainnet! Let’s do this $TRX #TRON #BULLRIUN.”
Kevin Steele, a Tron enthusiast says:
“@Tronfoundation $TRX is truly leading the way in innovation and I believe with their strategic partner @OdysseyOCN $OCN, great things are coming to the decentralized web 4.0 and the sharing economy.
”
Tron [TRX] is currently priced at $0.08 with a continued fall of 4.91% since yesterday with the market cap standing at $5.2 billion.
Supporters are hoping the Binance news will bring some fortune to them.
Additionally, Justin tweeted addressing the project submissions:
“#TRON does not accept any project fundraising requests in the form of a white paper or slide deck. Projects must have an MVP. The product will always be more convincing than flashy endorsements. Please attach product link/program installation package with your submission.
$TRX.”
Joey Stubblefield says:
“So project must have mvp….BUT project is more convincing than flashy endorsement? that makes NO SENSE” Sthuthie Murthy
Sthuthie Murthy is a full-time reporter at AMBCrypto.
She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto’s news reporting team. She does not hold value in any cryptocurrencies currently. Continue Reading Your email address will not be published. Required fields are marked * Comment Decision taken to fork Stellar Lumens [XLM] in an attempt to scale Kin
Published Aman Swami Source: Pixabay
Netanel Lev, the Vice President of Research and Development at the Kin Ecosystem Foundation, explained Kik Messenger’s decision to fork Stellar and develop a proprietary blockchain for its cryptocurrency.
He said:
“Kin needs to be scaled now.”
The decision to fork Stellar, announced on Tuesday, is the culmination of a months-long struggle on the part of Kin’s developers to find a platform that can reliably scale to accommodate Kik’s several million active users.
Ted Livingston, Founder, and CEO of Kin and Kik, in a statement, said:
“Most crypto projects to date have been technology-driven first and product-driven second.
Kin has always been the opposite. After working heads down alongside the best minds in the industry we came to the conclusion that a hybrid solution of Ethereum and our own fork of Stellar would benefit the Kin Ecosystem both short and long-term.”
Originally, Kik had planned to structure Kin as an ERC-20 token, but developers were disappointed with Ethereum’s scalability and transaction speed. A frustrated Livingston compared Ethereum to ‘dial-up’ internet during a live stream and announced that the token would transition to the Stellar network.
Later, developers announced a hybrid design in which the token would run in parallel on the Stellar and Ethereum networks, allowing users to benefit from the speed of Stellar and the liquidity of Ethereum.
However, Lev told CCN:
“At present, stellar suffers from business scale issues, in part because the Kin Foundation has specific goals for its platform that do not entirely mesh with the goals of the Stellar Foundation.”
Under the new plan, Kin will still feature bidirectional blockchain support, though consumer-facing applications will utilize the proprietary Kin network instead of Stellar. Ultimately, the developers hope to eliminate transaction fees on the Kin network, erasing a pain point for users seeking to use the platform for microtransactions.
Since the Kin blockchain will use Stellar as a foundation, the two development teams intend to continue their partnership, which the former beliefs will benefit both projects over the long-term.
Livingston concluded:
“Our goal is for Kin to be the most used cryptocurrency in the world and this will help get us there sooner.” IOTA [MIOTA] Foundation recruits Community Liaison – Andrew Greve
Published Joel Mathew Source: Pixabay
According to the blog by IOTA, the IOTA Foundation has recruited ‘Andrew Greve’ for the position of Online Community Liaison [OCL]. The role of OCL is to provide benefits for the community as well as the IOTA Foundation.
In an attempt to show a keen interest in its social community, it’s trying to be more responsible towards the feedback from the social networks.
The company has announced that decision of the OCL position is to further broaden the curvature for social investment in the community. The community includes enthusiasts, developers, and the rest of the IOTA [MIOTA] community.
OCL is a designation that requires the individual to regulate and manage the social media network as well as the intricacies of the internal community.
Andrew Greve was the former Senior Director of Supply Chain Management at Atlice, U.S.A. as mentioned on his LinkedIn profile. Atlice is a company based in America and is a provider of services regarding cable television, telephone, and other telecommunication.
According to IOTA’s blog post, he holds a degree in History from Rowan University and is currently finishing his Ph.D. in Political Science from Rutgers University.
He has gratified his thoughts on joining the company.
IOTA [MIOTA] is currently trading at a price of $2.3 with a market capitalization worth $6.4.
In the last 1 hour, the price has dropped by 0.1%. The market for IOTA is still bearish although, in the 7-day period, it depicts a 13% hike. The crypto-market is highlighting red lights for most of the currencies, yet MIOTA price has fallen just by 0.
7% in the last 24-hour marker.
A Redditors says:
“I had seen this job posting and thought, “As a person with few technical skills, this might be the one way that I could work for the IF!” Did not apply, and Andrew sounds more qualified anyway, but I’ll admit there’s a bit of jealousy!”
Another Redditor says:
“It is great to see the IF recognizes that this position was needed. Technology will drive the development of the project but the project, in turn, rn will fill the needs of people without technical skills for the most part.”
A Twitterati says: .
