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Tron News Today – Top Headline for Tron TRX December 2nd, 2019

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  • Poloniex partnership with TRON (TRX)Poloniex deletes promotional tweet telling followers to Buy TRON

Previously, it was reported that Poloniex, e cryptocurrency exchange platform now has control over the largest decentralized exchange (DEX) on blockchain network Tron (TRX). This development was confirmed by Tron’s CEO Justin Sun, stating that Poloniex will now run the TRX market under the name Poloni DEX. This development came a month after Poloniex left the owner circle to form a new exchange that addressed regulatory issues in the United States.

In an official press release by Poloniex, it stated that “To maintain the development of TRXMarket over the long term, the team has accepted an acquisition offer from Poloniex and will rebrand with the new name Poloni DEX, becoming a decentralized exchange under Poloniex. The official website has now changed to poloniex.org.” TRX Market functions as a non-custodial exchange that does not require users to store funds in a centralized wallet.

Recently, the attention of users of Twitter was drawn to a deleted tweet by a Twitter bot, where the cryptocurrency exchange Poloniex toll all its followers to buy TRON (TRX). Shockingly, the tweet was deleted 28 minutes after being up.

Poloniex deletes promotional tweet telling followers to Buy TRON

The acquisition in the previous month by Justin Sun can be said to be slowly but surely the takeover of Poloniex has seen the platform promoting Tron (TRX) on its Twitter page. In what seems like a promotional move from the exchange platform, a tweet from the page read, “Let’s buy #TRON.” The promotional and endorsement tweet was quickly deleted some minutes after posting.

TRON (TRX) Price Today – TRX / USD

NamePrice
Bitcoin$7,278.21-0.58%
TRON$0.015-4.12%

Luckily before the tweet was deleted, @CryptoDeleted already screenshotted the tweet. There are so many speculations going around as to what could have prompted the tweet and why was it deleted. Many users are deducing the tweet as Poloniex hitting rock bottom. The exchange platform went from being acquired by Goldman Sachs-backed Circle in 2018 to shilling one of the most scandalous cryptocurrencies in the whole industry. Some prominent analysts have stated that it is a fall from grace from Poloniex’s previous height in 2017.

There have been speculations, which have to some extent been confirmed by TRON founder Justin Sun planning to acquire Polonies. During a live stream Q&A session held by Poloniex with Justin Sun last month. A partnership between TRON and Poloniex was announced, with prospects of some additional changes in the future. So far, both parties have been mute on this deal. According to Poloniex, it expects to rebrand to Polo Digital Assets in 2020.

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Tron Boasts New Milestones While Its Rivals Aren’t Doing So Well

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The Tron Foundation keeps expanding and attracting more users to its ecosystem, while Justin Sun calls on Ethereum devs to join Tron as well Tron reports its new milestones after the recent incident with DigiByte getting delisted from Poloniex while some in the DGB community accuse the CEO Justin Sun of initiating it.

Total number of user accounts on Tron surges over 100,000

The official Tron account on Twitter cites data provided by Tronscan, saying that over the last two weeks there has been a significant increase in Tron user accounts. This shows an evident growth trend, the tweet states.

The Tron Foundation invites more users and developers to join it. This sounds in unison with the recent Justin Sun’s tweet in which he invites Ethereum dev teams to migrate to Tron.

The tweet came as a response to the news that next year the Ethereum Foundation plans to cut off funding for its internal dev teams starting from young projects.👉MUST READ

More dApps added to Tron over last week

Over last seven days, the amount of dApps made on the Tron chain has grown from 636 to 643. Tron claims that in comparison with other blockchains, assumingly Ethereum and EOS, the network is growing at the highest speed.

Tron 2

Image via Twitter

Recently, the Poloniex trading platform ditched by Circle has acquired the TRXMarket dex and renamed it as PoloniDEX. Now, it intends to add all Tron-based assets free of charge.

How Tron’s rivals are doing

Ethereum

On December 8, Ethereum conducted its long-expected Istanbul hard fork which many believe to solve the current difficulties with scalability and push it towards the Proof-of-Stake algorithm.

Analysts are expecting the ETH price to surge to around $423 after June next year.

EOS

As reported by U.Today recently, since early November, the EOS chain (or rather its users) have been suffering from congestion caused by the EIDOS dApp airdrop with transaction fees rising tremendously. Now, users need to have at least 100 EOS staked in order to transact.

Besides, the Weiss Ratings agency has decreased the EOS techno score from B to C.

Still, Justin Sun reports that Tron comes third after Ethereum and EOS as per CCID’s 15th global public blockchain technology assessment index.

Tron

Image via Twitter

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BitTorrent To Dole Out 990 Million in BTT To Various Tron (TRX) Holders

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BitTorrent, one of the world’s most used file-sharing platforms, has recently revealed a planned project of rewarding the platform’s users with 999 million in BTT tokens. This new reward program will be initiated on the 11th of December and will reward various Tron (TRX) holders with the coins.

Tron Holders Earn Free BTT

As was revealed in a prior publication, the BitTorrent Foundation has already started the first round of airdrops to Tron holders. This December marks the last reward airdrops of BitTorrent to Tron holders across the globe. The publication stated that the snapshot would take place when the Tron blockchain reaches a block height of 6.6 million.

Using this snapshot, the BitTorrent Foundation started the first airdrop in February this year, and it equaled to 10.89 million BTT or 1.1% of the total supply of BitTorrent tokens. A further 11.88 BTT was given twelve months later in December, diminishing the total amount by an additional 1.2%

Next year, the Foundation promised to push more BTT coins to Tron holders, this time totaling in 12.87 million in BTT, or around 1.3%. The plan is to do the same in the next six years, adding a 0.1% increase to the giveaway until 2025, where it will total to a 1.7% giveaway.

To further pump out BTT, BitTorrent has promised to airdrop a whopping 99.99 million in BTT to various Tron users through various online and offline events. Crunching the numbers, it’s another 10% of the BTT supply the BitTorrent Foundation is going to give away.

TRON Price Analysis March 16
Source: Bitcoin Exchange Guide

A Brief History of BitTorrent

BitTorrent itself was acquired by Justin Sun back in June of 2018. BitTorrent was one of the first decentralized networks of the world, allowing users to share files across the globe. The site is rather famous for its use as a convenient way to download pirated software through the use of Peer-to-Peer (P2P) technology. While the exact terms of the acquisition are up in the air, speculations of the final price for BitTorrent ranges from $126 million to $140 million.

BitTorrent was founded all the way back in 2004, but the platform has only been growing. It now boasts over roughly 100 million active users across the world and is one of the top-rated apps on the Google Play store. BitTorrent also hosts products like the uTorrent Web desktop client for both PC and Mac, as well as BitTorrent Play for the iOS.

Tron Vs. Tate

More recently, Justin Sun has acquired Poloniex, shutting down trading for its US customers. In response to this, Jared Tate, the creator of DigiByte, took the Tron Foundation on as a whole. In an 8-piece tirade on Twitter, Tate accused Tron of being a wholly centralized network. In response to this, Poloniex suddenly did a “careful review” of the Digibyte coin and promptly booted it from the exchange.

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Tron News Today – Headlines for December 7

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  • Poloniex announces the delisting of DigiByte (DGB)
  • Justin Sun accused of influencing the delisting of DGB on Poloniex
  • Poloniex resumes the listing of coin on the platform

Tron News Today – The digital currency community on Twitter is talking about the tweet Poloniex deleted, in which the digital currency trading platform urged the community to buy TRX. Moments after the tweet, a member of the DigiByte team accused the trading platform of promoting the native currency of Tron – TRX. Poloniex Exchange responded to the tweet with a decision to delist DigiByte (DGB). After the tweet of the trading platform, some crypto buffs in the community are now accusing Justin Sun, who recently became an investor in the exchange, of forcing the platform to make such a decision.

Justin Sun Rejects Accusations about Influencing the Delisting of DigiByte

In response to the accusations, Sun released a tweet stating that the Poloniex team made all decisions separately. He pointed out that he is just one of the investors in the firm. Sun also said that he prefers to work with mainstream trading platforms. Nevertheless, he said that he respects and supports the decision of the trading platform.

The following tweets show that this post was meant to be a reply to the community talking about the DigiByte situation and probably blaming the delisting of the coin on Justin Sun.

Poloniex Resumes Listing

According to a tweet by Poloniex Exchange on Friday, the trading platform has resumed the listing of digital currencies on the platform. Any project team that wants their digital currency to be listed on the platform have to fill out a Google Form. The tweet got many comments and some users are pleading that the trading platform should relist DGB. One of the users, pleading for the relisting of DGB, also addressed Justin Sun.

Nevertheless, the digital currency trading platform has not said anything regarding the relisting of the coin. Chances are the Poloniex Exchange team might change their mind, but the exchange is not showing any sign in favor of that.

Binance Rejected DigiByte (DGB)

Recently, Jared Tate – the CEO of DGB – tried to get his digital currency listed on Binance, the world’s largest digital currency trading platform, but was rejected. In response, the DGB CEO started a scandal, accusing the CEO of Binance Changpeng Zhao and his team of being corrupted and ignoring DigiByte. In response, the CEO of Binance said:

I think he (himself) specifically does NOT want DGB listed on Binance. Not gonna waste any time on these types of guys. There are more interesting things to do in life.”

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