Tron (TRX) Unveils Major Update: Project Atlas, DApps, Gaming, Wallet and 97 Billion Token Burn

Tron just wrapped up an in-depth live stream update on the platform’s progress.

Founder and CEO Justin Sun began by comparing Tron’s network activity to other blockchains, noting the Tron network now boasts more unique addresses than EOS. In addition, Sun says Tron gained more unique addresses in the first 95 days after its mainnet launch than Ethereum did during its initial launch back in July of 2015.

Sun also announced that Tron has now burned 98% of all its ERC20 Ethereum-based TRX tokens, which are no longer needed now that Tron has migrated off the Ethereum blockchain. The process has essentially locked up about 97 billion tokens that are no longer needed, throwing away the key.

The Tron team also highlighted a number of DApps, including the updated Tron Wallet for iOS and Android and two new gaming DApps built on the Tron network.

As for Project Atlas – the code name for Tron’s integration with the legacy file sharing platform BitTorrent – Tron revealed a number of announced on how the two platforms will merge.

• Integration of a new Tron-based TRX20 token is designed to incentivize users to share files and increase overall download speed
• Users will have the option to take part in the tokenization, or can continue to use BitTorrent without any modifications if they like
• Mobile, desktop, and third party torrent clients will all have the option to enable the new tokenization features
• BitTorrent will remain free and continue to allow users to upload any and all types of files


Source
Author: Daily Hodl Staff
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Tron Foundation Burns 4.9 Billion ERC20 Tokens

The Tron Foundation burnt over four billion ERC20 Tron tokens on Thursday. This is the fifth batch of old tokens burnt by the Foundation.

As the Tron mainnet is working smoothly across the world, Tron Foundation has burnt yet another set of tokens to facilitate its transition from the Ethereum blockchain. On Thursday, Sept. 13, the Foundation burnt 4,917,487,036.059613 TRX. These were the old ERC20 tokens used by the blockchain before shifting to its mainnet. The burn is essential to avoid confusion and help all Tronics move smoothly to the mainnet and utilize the unique Tron blockchain assets.

Fifth Token Burn Event

This is the fifth time Tron has burnt its old ERC20 tokens. The Tron mainnet was launched on June 25 this year, with new TRX tokens that could be used on the mainnet. The Foundation then continued to burn the old tokens. A total of 4,917,487,036.059613 ERC20 TRX tokens were burnt during the process. The company has also made the record available publicly.

Tron Price Shoots Up Post Burn

Tron prices experienced a boost after the coin burn as one token sold for $0.020384, registering an 8.73-percent rise. The price gain has helped the market capitalization of the company shoot up to $1.3 billion. It is currently the 13th largest digital currency in the world, per CoinMarketCap data.

The Foundation is finding new ways to promote its token and create a smart economy that runs on the TRX tokens. Bringing uTorrent customers to its network has paid off as millions of users got added to the mainnet. The acquisition by Tron and its founder Justin Sun is considered one of the turning points of the blockchain project.

Recently, Tron also partnered with a crypto lifestyle store called “Crypto & Proud,” where it sells standardized apparel and accessories to crypto enthusiasts. Tron’s original cryptocollection will also be available on the store soon. A basic Tron collection, including T-shirts and phone cases, is already available on the store, and the Foundation will soon collaborate to bring out unique merchandise to the store.

Source
Author: Viraj Shah
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