A new acquisition for TRON
Blockchain

A new acquisition for TRON

By Marco Cavicchioli - 19 Nov 2019

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Justin Sun has announced a new acquisition for TRON. He has not revealed any details of this acquisition, not even the name or type of the entity acquired and there does not seem to be any rumours that could provide some indication about it.

 

A hypothesis could be linked to the Poloniex exchange, which after losing 1,800 bitcoins in June and having been abandoned to its fate by the new holding (Circle), has entered into a partnership with TRON a few days ago, becoming one of its Super Representatives. 

Justin Sun himself has invested in the exchange, which may well now be assumed to have been fully acquired by the TRON Foundation, as happened in the past with BitTorrent

Poloniex has also announced that it will expand into the Chinese market, while TRON has announced that it will become a preferred channel for Tron-based TRX10 and TRX20 tokens. 

In addition, the exchange announced a few days ago the launch of three new TRX pairs: TRX/BTC, TRX/USDT and TRX/USDC. 

Meanwhile, the TRON Foundation has announced that it has exceeded 800 million transactions on the TRON blockchain, achieved in just 18 months. 

With this milestone, TRON has far surpassed both Ethereum, which is at 584 million, and BTC, which is at 475 million. 

There is still no news of the date on which the charity lunch should take place between Warren Buffett, Justin Sun and other exponents of the crypto world, which has cost the founder of TRON 4.6 million euros

Over the last few days, the price of TRX has not undergone any particular changes, following the general trend of the crypto market. 

At the end of October, it had reached $0.022, while now it has dropped to around $0.017. 

Justin Sun’s announcement does not seem to have had any significant repercussions so far. 

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 11 thousand subscribers.

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