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When did the Tron ecosystem start (Has the Tron ecosystem collapsed)?

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When did the Tron ecosystem start? When did the TRON ecosystem start? When did

When did the Tron ecosystem start (Has the Tron ecosystem collapsed)?

When did the Tron ecosystem start? When did the TRON ecosystem start? When did the Tron ecosystem start? In the world of blockchain, we all know a term called consensus. But in the cryptocurrency circle, this concept doesn’t exist, such as Ethereum for EOS, Bitcoin for Litecoin, and so on. So, I think this statement is not accurate. Because in many cases, what you see is some form of information or something, if this statement refers to something, it means that it is an information system, and this system is the so-called decentralized network. This is the distributed ledger in the world of blockchain, which is a network system composed of numerous nodes. These nodes can freely build any application or protocol, including payment, cryptocurrency transactions, and smart contracts. There are already many development teams for Tron’s underlying technology, and they have been continuously improving their technical roadmap and products to provide better services to the industry!

From the Tron whitepaper, it can be seen that the “super public chain of Tron” was actually launched in May 2019, and it was also led by a well-known investment institution, Multicoin Capital. According to the official announcement, more than 20 investment funds have been established on Tron, such as the Multicoin Capital DeFi project fund, and many Tron Foundation funds have been launched to support the development of the Tron ecosystem. Many other investors have also joined Tron, such as Bifrost, BitTorrentChain, APENFT Foundation, and Gate.io Labs.

In addition, there are many popular DApps on Tron, such as the decentralized digital advertising platform JUST, Tron-based game studio JustSwap, and Tron’s financial platform TronLink. Of course, some people are not optimistic about the price of TRX and feel that “there is no need to buy”. So now many people are speculating whether to buy Tron tokens.

But in fact, the price of TRX has indeed increased many times. In March of this year, WaveLink announced that it would issue the stablecoin USDD within six months. At that time, the price of USDD was still hovering around $1. By early August, due to the price of USDD rising to around 2 cents, the circulation of Tether increased by nearly one million.

Has the Tron ecosystem collapsed?

According to CCN news, has the Tron ecosystem collapsed?

According to Bloomberg, in a live broadcast on July 30th, the “Tron Foundation” announced the termination of support for the Tron-based token project “TRONDAO”. This means that the protocol will share a piece of the pie from TRX (a cryptocurrency issued on the blockchain) and other stable assets like USDX. Previously, TRX was once called “digital gold” because it could provide a borderless and fully decentralized way of storing value. However, as all tokens on Tron were traded through TRX and sold in US dollars, “TRONDAO” encountered a crisis. According to Bloomberg, since mid-May, due to market doubts about Tether, many exchanges, including Bitfinex, have also gradually stopped supporting the Tron network, causing some exchanges to have to close.

In fact, the Tron Foundation is not the only one abandoning this plan, but compared with Bitfinex and other major stablecoin platforms, Tron is more competitive. “TRONDAO” has become a major trend indicator in the industry, and in the past few months, more and more users have started to choose Tron as collateral. At the same time, some well-known companies have also entered the Tron ecosystem, such as OneOf, a virtual world game platform owned by Wemade, a large online game company in Japan, and Square.com, a payment service provider focusing on the NFT field. In addition, Goldman Sachs, the American investment bank, recently launched a new plan called “Bitcoin Mining Fund” aimed at investing in the mining process and workflow of Bitcoin. It is not yet clear whether this will continue to affect the development prospects of the Tron public chain.

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