TRON Posts Solid Gains On Strong Demand

Apr 25, 2018 at 16:08

Demand for TRON (TRX) has surged over the past 24 hours as trading volume soared past the $2-billion mark.

CoinMarketCap showed TRX is trading at $0.075077, up 27.86 percent, while most of the major cryptos are in the red.

Volume reached $2.02 billion in the last 24 hours driven mostly through UpBit, cornering 32.81 percent of the total trades, followed by Binance at 21.35 percent and Bithumb at 18.57 percent.

TRON   ( ) has been active and in the news in the past week.

Today, TRX was listed on crypto exchangeCoinBene, opening up TRX/USDT trading. TRON founder Justin Sun this effective expands TRX to Malaysia.

Over the weekend, TRON announced it will airdrop 30 million TRX worth $1.7 million to the Ethereum community “for support during TRON’s ERC20 phase” as it migrates to its own blockchain.

“Ethereum played a vital role in TRON’s early stage development, and we want to express our appreciation through this airdrop event,” it said.

TRON said each account will receive random TRX amount between 10 TRX — 100 TRX.

This as it prepares for the MainNet launch at the end of May, becoming a competitor of Ethereum.

TRON is also holding its first Super Representative Election on June 26. Sun said 27 Super Representatives will be elected by 65,748,111,645 TRX in the community.

Sun also announced on his Twitter account that they will be opening new offices in Taiwan and will be participating in the Taiwan Blockchain Self-Regulatory Organization.