September 13, 2022 – Geneva, Switzerland
Blockchain.com has listed TRON’s native utility token TRX on its platform. Several incentive programs are offered, including one that allows users to earn up to eight percent in annual rewards for users who hold their TRX in a Blockchain.com rewards account.
TRX is available to send, receive, buy, sell, trade, and earn rewards on the Blockchain.com wallet, as well as deposit, trade, and withdraw on the Blockchain.com exchange, making TRX more accessible to people worldwide.
With this addition, Blockchain.com aims to expand the Web 3.0 landscape by attracting more notable Tier 1 public blockchains.
Blockchain.com is one of the original cryptocurrency companies, starting in 2011 as the first bitcoin blockchain explorer and later creating a cryptocurrency wallet and exchange. In addition to its consumer offerings, they offer a one-stop shop for institutional clients that includes OTC trading, custody and lending.
With its solid balance sheet, technology and market expertise, the company works with institutional clients to develop bespoke solutions that address specific goals. The oldest crypto platform has a track record of increasing liquidity for newly listed tokens when available to millions of users.
Over 37 million verified users worldwide and 84 million wallet holders use Blockchain.com products, making TRX accessible to a large user community. The platform has millions of dollars worth of volume every day and several different features including rewards accounts where users holding their TRX at Blockchain.com can earn up to eight percent in annual rewards.
TRX is a TRC-20 utility token that enables the authority of the TRON protocol and its DApp ecosystem. TRON aspires to become a framework for the decentralized web. By providing users with fast and inexpensive transactions, the network is optimized for speed and scalability.
As TRON’s mainnet-native token, TRX is used to power smart contracts, pay transaction fees, and serve as a unit of account across the TRON ecosystem.
The listing of TRX on Blockchain.com and other major platforms has been a common theme for TRON DAO throughout the year. Staking rewards, improved liquidity, and an expanded user reach have all helped expand the TRON ecosystem and become much mainstream.
The efficient delegated proof-of-stake consensus mechanism and its wide range of utilities for businesses and developers to build on its network have helped TRON become one of the largest public chains in the world with 2,000 TPS, over 110 million accounts and more to become 3.8 billion transactions. This latest listing makes TRX more accessible to the public to use on TRON DApps to further expand the ecosystem.
About TRON DAO
TRON is dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (DApps). Founded in September 2017 by SE Justin Sun, the TRON network has continued to achieve impressive success since mainnet launched in May 2018.
July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web 3.0 services with over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of August 2022, it has a total of over 110 million user accounts on the blockchain, more than 3.8 billion total transactions, and over $13.2 billion in total locked value (TVL), as reported on TRONSCAN.
Additionally, TRON hosts the world’s largest circulating supply of USD Tether (USDT) stablecoin, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-managed DAO.
Recently, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industryTRON DAO Reserve, marks TRON’s official entry into decentralized stablecoins.
TRON Network | TRON DAO | Twitter | YouTube | Telegram | discord | Reddit | GitHub | Medium | Forum
Feroz Lakhani, TRON network
This content is sponsored and should be considered promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinion of The Daily Hodl. The Daily Hodl is not affiliated with or owned by any ICO, blockchain startup or company advertising on our platform. Investors should do their due diligence before making high-risk investments in ICOs, blockchain startups, or cryptocurrencies. Please note that you invest at your own risk and any losses you suffer are your responsibility.
follow us on Twitter Facebook Telegram