TRON CEO confirms TRX listing on Poloniex

TRON CEO and founder, Justin Sun, has just confirmed that TRX will finally be listed on a well-known crypto exchange, Poloniex. Rumors of the listing have been circling the crypto space for days now, and many in TRON’s community were glad to see that they are true.

Congratulations to the first 6 winners who actively joined and raised questions in the livestream: @iamcryptologist@HoldTrx@pineappletende1@edogg82@FisayoOyewole1@DxnvxrW
Please DM @Poloniex in 48 hours, our team will send #TRON gift packs afterwards. #Poloniex https://t.co/u99sP4Eq1x

— Poloniex Exchange (@Poloniex) November 13, 2019

However, it should also be noted that the move
likely came after Poloniex became an international cryptocurrency exchange. One
consequence of this particular move is that the exchange will limit traders
located in the US.

TRON-based USDT listed as well

While the news of TRX getting listed dominates
the headlines, this is actually not the only coin that found its way to
Poloniex. Another cryptocurrency that is also listed is the TRON-based version
of Tether (USDT). This version of the world’s largest stablecoin will also
bring special incentives to those who opt to hold it or trade it.

TRON-based Tether also currently contains over
850 million units, and it holds great potential to bring additional liquidity
to TRX.

As for TRON itself, the news of the listing
allowed the coin’s price to grow by nearly 4%, placing it at around $0.020 at
the time of writing. Even so, TRX is still outside of the list of largest
cryptocurrencies by market cap, while its price remains rather stagnant.

DDOS token minting continues

Meanwhile, TRON’s network remains busy as
always, and it is also currently engaged in the minting of the DDOS token. The token attracted a lot of
attention due to the fact that it uses a new model of simulated mining in
combination with TRON Energy. As a result, it produced over 21 million new
tokens, where each transaction mints around 41 new coins.

While the effects of the coin’s issuance
remain to be seen, its minting is scheduled to continue for the following 15
months. In a way, the token is similar to another asset called EIDOS, which is
based on the EOS’ network.

However, the crypto community did not react
positively to these two coins, as they believe that TRON and/or EOS might be
threatened by them.

Anyone holding EIDOS or DDOS tokens are enemies of blockchain.

EOS and Tron are under attack. @bytemaster7 @justinsuntron

— Crystal Rose (@crystalrose) November 7, 2019

However, since DDOS has yet to be listed on
exchanges — apart from a small decentralized exchange, Newdex — there is still
no hype regarding the project. As a result, TRON’s daily transaction load is
still at around 1.5 million transactions each day.