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project icon for tron

Tron

TRX
$0.0119
4.53%
Positive delta icon

Overview

Project Stage

Live status icon

Amount Raised

$70,000,000.00

Market Cap

$787MM

Sector

Smart Contract Platform

Blockchain

Native token icon

Tron

Funding Source

Token Sale

Project Profile

tron does not currently have a full profile

Let us know if you are interested in seeing more information about this project by sending us some feedback.feedback.

project icon for tron

Tron

TRX
$0.0119
4.53%
Positive delta icon

Tron does not currently have a full profile

Let us know if you are interested in seeing more information about this project by sending us some feedback.feedback.

Overview

STATUS

MARKET CAP

BLOCKCHAIN

TOKEN TYPE

Live status icon
Live
$787MM
Native token icon

Tron

N/A

FUNDING SOURCE

AMOUNT RAISED

SECTOR

Token Sale

$70MM

Smart Contract Platform

Recent News

The Tron Foundation has launched a stablecoin system, similar to that of MakerDAO.

The Tron Foundation has launched a stablecoin system, named “Djed” that is supposedly decentralized, similar to the MakerDAO project that runs on Ethereum. Justin Sun made the announcement on Saturday. The new system, “Djed” will support a USD-pegged stablecoin called “USDJ” and will be collateralized with TRX, the Tron network’s native cryptoasset. Just like MakerDAO, Djed uses a system of smart contracts, collateralized debt positions (CDPs), stability fees, liquidations, and community governance to maintain itself. Tron hopes that Djed and USDJ will help augment Tron’s efforts to grow its ecosystem of decentralized finance (DeFi) protocols.

March 30, 2020

Sources:

more

Governance issues continue to proliferate at Steem, following the acquisition of Steemit by Tron’s Justin Sun.

Steem, the DPoS blockchain, home to the social media application, Steemit, continues to be subject to a major governance dispute between Justin Sun and a large section of the Steem community. Sun, the founder of the Tron blockchain, acquired Steemit Inc., the entity that owns Steemit as well as a significant portion of Steem tokens on 14th February with a plan to migrate Steemit to Tron. Sun’s share of the total token supply is unspecified but is believed to be enough to drive governance decisions on the network. Although these tokens were already in the hands of Steemit Inc., their voting power had not previously been exercised. The recent acquisition by Sun, however, has led to suspicions by much of the community that this governance power will now be leveraged, which subsequently led to a soft fork, freezing his tokens. Following this Sun introduced new validators to the network, which was then followed by the voting-in of yet more validators, antagonistic towards Sun. This dynamic is still in flux and has been accompanied by the resignation of several Steemit employees, with the majority of the Steem community seemingly in opposition to Sun, while the Tron founder has found the support of both Binance and Huobi.

March 4, 2020

Sources:

CoinDesk

After postponing lunch with Warren Buffet, Tron founder, Justin Sun, apologizes for "excessive self-promotion," fueling suspicions of intervention from Chinese government

July 25, 2019

Sources:

WSJ
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project icon for tron

Tron

TRX
$0.0119
4.53%
Positive delta icon

Tron does not currently have a full profile

Let us know if you are interested in seeing more information about this project by sending us some feedback.feedback.

Overview

STATUS

MARKET CAP

BLOCKCHAIN

TOKEN TYPE

Live status icon
Live
$787MM
Native token icon

Tron

N/A

FUNDING SOURCE

AMOUNT RAISED

SECTOR

Token Sale

$70MM

Smart Contract Platform

Recent News

The Tron Foundation has launched a stablecoin system, similar to that of MakerDAO.

The Tron Foundation has launched a stablecoin system, named “Djed” that is supposedly decentralized, similar to the MakerDAO project that runs on Ethereum. Justin Sun made the announcement on Saturday. The new system, “Djed” will support a USD-pegged stablecoin called “USDJ” and will be collateralized with TRX, the Tron network’s native cryptoasset. Just like MakerDAO, Djed uses a system of smart contracts, collateralized debt positions (CDPs), stability fees, liquidations, and community governance to maintain itself. Tron hopes that Djed and USDJ will help augment Tron’s efforts to grow its ecosystem of decentralized finance (DeFi) protocols.

March 30, 2020

Sources:

more

Governance issues continue to proliferate at Steem, following the acquisition of Steemit by Tron’s Justin Sun.

Steem, the DPoS blockchain, home to the social media application, Steemit, continues to be subject to a major governance dispute between Justin Sun and a large section of the Steem community. Sun, the founder of the Tron blockchain, acquired Steemit Inc., the entity that owns Steemit as well as a significant portion of Steem tokens on 14th February with a plan to migrate Steemit to Tron. Sun’s share of the total token supply is unspecified but is believed to be enough to drive governance decisions on the network. Although these tokens were already in the hands of Steemit Inc., their voting power had not previously been exercised. The recent acquisition by Sun, however, has led to suspicions by much of the community that this governance power will now be leveraged, which subsequently led to a soft fork, freezing his tokens. Following this Sun introduced new validators to the network, which was then followed by the voting-in of yet more validators, antagonistic towards Sun. This dynamic is still in flux and has been accompanied by the resignation of several Steemit employees, with the majority of the Steem community seemingly in opposition to Sun, while the Tron founder has found the support of both Binance and Huobi.

March 4, 2020

Sources:

CoinDesk

After postponing lunch with Warren Buffet, Tron founder, Justin Sun, apologizes for "excessive self-promotion," fueling suspicions of intervention from Chinese government

July 25, 2019

Sources:

WSJ
Load More