Justin Sun, the CEO of the TRON Foundation, has recently pointed out via social media that the TronDice decentralized application (dApp), has paid out over 200 million TRX tokens, at press time worth over $4 million.
The figure, according to the dApps’ website, is now at 243 million TRX, which equals $4.8 million as one TRX token is currently trading at $0.022, according to CryptoCompare data.
— Justin Sun (@justinsuntron) November 2, 2018
The TronDice dApp is notably one of the first ones to have been launched on the TRON blockchain, and is essentially a gambling game that lets users pick a number between 2 and 100. The game’s smart contract randomly generates a number between 1 and 100, and determines whether the player wins or loses according to his choice, based on its odds.
To play, all users need to do is create a TronLink wallet, fund it with TRX tokens, and connect it to the game. The dApp is similar to others found on several other blockchains, as gambling appears to currently be one of crypto’s biggest use cases.
TronDice’s success comes shortly after TrobBet, the first dApp to be launched on the cryptocurrency’s blockchain, managed to surpass the 200 million TRX payout mark. As CryptoGlobe covered, TronBet managed to be played over 10,000 times on the day it was released.
The game was so popular that it help TRON overtake Ethereum in daily transaction volume. The TRON Foundation has last month revealed the number of accounts on the crypto’s mainnet has surpassed 500,000, maintaining a 100,000 per month growth.
As of October 16, the Foundation further claimed that 90 smart contracts had been deployed on the network after it was launched nearly one week before. Earlier, as covered, TRON acquired the popular peer-to-peer file sharing platform BitTorrent for $140 million.
Recently, the TRX token surged after Sun announced a mysterious partnership with an “industry giant.” The partnership turned out to be a simple cloud computing deal with Baidu. The move drew criticism online.