Category Archives: TRX

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ABCC’s Partnership with TRON Bodes Well for the Future with TRX Token Offering

ABCC Partnership with TRON Bodes Well for the Future with TRX Token Offering

Cryptocurrency exchange ABCC, launched in April 2018, is the first true cryptocurrency exchange that could really boast a commission-free trading experience to its users.

Since launching, the exchange has moved from strength to strength, providing a genuinely user-centric trading experience. Its mission to provide open a frictionless blockchain-based trading service has gained ABCC numerous accolades, such as from TRON’s CEO, Justin Sun, who recently wrote: “ABCC Exchange is truly an awesome platform that has witnessed great development. We are glad to partner with #ABCC as it’s the first exchange listing #TRX10 tokens. #TRON #TRX $TRX.”

The new partnership between ABCC and TRON is sure to give the former even greater client volume given TRON’s recent acquisition of peer-to-peer file sharing platform BitTorrent and the subsequent announcement of the BitTorrent Token (BTT).

This is ABCC’s latest coup, and by partnering with TRON (TRX), it becomes the first exchange to gain rights to TRON’s TRC10 technical standard tokens. The exchange has recently announced this support for the BitTorrent (BTT) Airdrop Program for TRON (TRX) holders on the platform, giving users even more options to existing trading.

ABCC exchange is always eager to expand, and innovative campaigns and airdrops, such its latest BTT project, are typical of the platform’s forward-thinking stance within the market, with support for a monthly airdrop program of BTT with a snapshot of TRX balances at 8:00 (UTC+8) on the 11th day of each month. For the first airdrop, ABCC will take snapshot of all TRX balances on ABCC at block height 6,600,000 (estimated to be 11 February 2019) and distribute BTT to TRX holders at a ratio of 1 TRX = 0.11 BTT.

The TRC10 tokens come with some advantages over the TRC20 token protocol, which is the standard that is utilized for smart contracts within the TRON blockchain and the implementation of tokens on the network using the TRON Virtual Machine (TVM). The TRC10 protocol also offers ease-of-access for developers with transaction fees approximately 1,000 times lower than TRC20 tokens, making it ideal for those seeking to issue an initial coin offering.

Despite having launched in an enduring bear market, the ABCC exchange has gone from strength to strength with  24-hour trading volumes of around USD 25 million across 100+ trading pairs. With ABCC continuing to bring cryptocurrencies and blockchain technology into mainstream use, the offering of early access to TR10 tokens has added to its rapidly growing credentials.

 

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Image Courtesy: ABCC

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BitTorrent Fortunes Seek Boost from 11th February Airdrop

BitTorrent Fortunes Seek Boost from 11th February Airdrop

Further details have been released regarding BitTorrent‘s BTT token airdrop scheduled to take place in six days’ time.

The BTT token has been introduced as a medium of exchange for BitTorrent users, enabling the purchase of downloadable media, giving users the opportunity to participate in crowdfunding on the platform. File sharing will also offer rewards to users of the platform. The company explained some of the other benefits:

“Existing BitTorrent clients will implement an optional set of backward-compatible protocol extensions which allow them to bid and receive bids for their bandwidth, working in tandem with a cryptocurrency wallet and bidding engine.”

The firm is airdropping free BTT tokens to TRON (TRX) holders and it has been announced that the airdrop will continue for six years until 11 February 2025. The first snapshot will happen when TRON’s block height reaches 6.6 million. The initial airdrop will be a supply of BTT 10,890,000,000, followed by BTT 990,000,000 each month from 11 March.

No minimum of TRX is required to qualify for BTT airdrops. The following wallets and exchanges will support the airdrop: Kucoin, Binance, OKEx, Huobi, Bithumb, UPbit, gate.io, TrustWallet, Bitpie, Cobo, Bibox, Cointiger, ABCC, WazirX, Atomicwallet, DragonEx, CoinEgg, MBAex, Vena Pi, Livecoin, Ellipal, BitForex, Atomicwallet, Tokenomy, Coinsuper, Bitrue, FCoin, Bit-Z, Tronscan.

According to BitTorrent, “an additional BTT 99,990,000,000 will be airdropped to longtime TRX holders through online and offline events”.

It is widely expected that come 11 February, BitTorrent could come into immediate competition with similar file sharing outfits such as Upfiring, Flixxo, JoyStream, and LBRY, although a boost in funding through the airdrop could be significant for the company’s future.

 

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BitTorrent Will Start Paying Users Crypto For Seeding

The popular peer to peer file sharing site BitTorrent, which has hundreds of millions of users, is launching Project Atlas, where BitTorrent will merge with blockchain technology. BitTorrent will be offering Tron (TRX) as an incentive for seeders, which will create a paradigm shift in the filesharing industry. This follows the acquisition of BitTorrent by Tron, the 13th most valuable crypto with a market cap of USD 1.5 billion, in June 2018.

BitTorrent and other torrenting sites have always had an incentive for seeders to upload faster since they would be able to download more quickly. Now BitTorrent seeders will be paid TRX for seeding files longer, as well as seeding with higher bandwidth and dedicating more of their computer storage to BitTorrent. This is a new and exciting idea for the torrenting industry, never before have users been able to earn money by seeding files. This should re-invigorate the number of seeders and download speeds on BitTorrent.

Further, users will be able to pay TRX for faster downloads. This TRX will be paid towards the seeders, fueling the system where seeders are paid for their services. It’s a win-win situation, downloaders will get their files much quicker, and seeders will earn money for facilitating that.

The CEO of Tron, Justin Sun, says “Project Atlas is the foundation for a new way of content distribution. To start, the product will feature faster downloads, more seeds, no mining, and backward compatibility. It is adapted to the world we live in today: mobile, connected, and transparent. We aim to eventually empower all content creators and their communities by eliminating the middleman and enabling content creators to distribute directly to users”.

As Sun says, BitTorrent users who choose to use old clients that don’t have TRX technology will still be able to use the network, making Project Atlas fully backward compatible. This is a good decision, since torrenters often stick to a client that works for them and generally don’t check for updates, so previous users who like their client will stay on the network. However, due to the exciting prospect of earning money by seeding, it is likely many users will upgrade.

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