TRON (TRX): 3 new products coming soon
TRON (TRX): 3 new products coming soon
Blockchain

TRON (TRX): 3 new products coming soon

By Alfredo de Candia - 22 Jul 2020

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The CEO of the TRON Foundation, Justin Sun, has announced the next products that will become part of this blockchain’s ecosystem.

As can be read from the tweet, the details relate to three different projects:

  • JUSTswap, which is called TRON’s Uniswap;
  • USDJ and JST yield farming, which are techniques for obtaining more tokens by providing liquidity and borrowing tokens;
  • An official TRON oracle.

These are interesting tools which could be used widely, something that can already be seen on several other blockchains.

The launch of JUSTswap is scheduled for August 17th. This should have the same dynamics as Uniswap, allowing to exchange several tokens with each other in a completely decentralized way. In addition, anyone can list their token.

As a matter of fact, one of the major operators to list TRON tokens, whether TRC-10 or TRC-20, is Poloniex, but the listing has to pass a series of checks in order to be approved.

As far as yield farming is concerned, this is scheduled for the end of August, both for USDJ, the stablecoin pegged to the US dollar and for JST, the protocol’s governance token of which today there will be the third airdrop.

It is difficult to predict how the project will evolve, who knows whether it will involve the creation of a third token. It could also use a system like that of Compound and thus distribute tokens among users who interact with these tools.

Finally, little is still known about the decentralized oracle, whose official name is still missing, for now it is referred to as JUSToracle. Some members of the community suspect it is Bridge Oracle.

Obviously criticism of this announcement has not been lacking and the tweet has several negative comments about Justin Sun simply copying what is already on the market.

Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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