TRON Acquires 'Very First' Blockchain App Store, CoinPlay

The developers of Tron (TRX), one of the world’s largest networks for building and deploying decentralized applications (dApps), have made what appears to be their most significant long-term acquisition since acquiring BitTorrent last year.

As explained in an official blog post published on March 28th, 2019, TRON has acquired the “very first global blockchain app store,” called CoinPlay. Explaining why the deal was made, Tron’s official blog first states that the crypto platform’s team members remain committed to their initial mission statement: “building the infrastructure for a truly decentralized Internet.”

Sizing Up The Current Market For Blockchain Apps

Going on to describe how CoinPlay will play a key role in fulfilling the objective of creating a peer-to-peer (P2P) technology-based web, Tron’s blog notes: 

CoinPlay positions itself as a blockchain application store that aims to offer the most comprehensive, suitable and updated blockchain apps. Currently, popular [distributed ledger technology (DLT)-based] apps are often hard to find at conventional app stores, and it is difficult to screen the source for safe download.

In order to offer a better “user experience” for blockchain enthusiasts, TRON (the main organization focused on the development of the Tron platform) and CoinPlay are planning on building the core technologies required for providing a secure ecosystem for accessing DLT-based apps.

TRON’s management claims that with its $140 million acquisition of BitTorrent during the summer of 2018, the Justin Sun-backed Tron platform has effectively “become the world’s largest decentralized Internet ecosystem.” With TRON’s most recent acquisition of CoinPlay, the smart contract platform’s management believes it is now in a position to “further [help] advance the development of the blockchain community.”

As mentioned in the announcement, CoinPlay currently provides a “wide range of blockchain apps and dApps” - which are reportedly accessible with “one-click downloads.” Included in CoinPlay’s online store are proprietary DLT-based software, gaming apps, and also practical guides that users can read to learn more about decentralized technologies.

Working On Creating A “Multi-Platform, Multi-Currency” Network

CoinPlay’s platform also features intuitive “browser navigation,” a built-in ratings system - in addition to “indices of major currencies,” Tron’s blog post noted. At present, CoinPlay’s team is working on developing a “multi-platform, multi-currency” network that will provide “real-time quotes” and also a “multi-platform transaction volume/transaction price” system. Additionally, CoinPlay users will have access to advanced “Github query” features.

Some other key features of CoinPlay (with some under development) are as follows:

  • “comprehensive use of graphic tutorials for new users,”
  • “high-quality content of the crypto industry,”
  • “links to more high-quality projects and cryptocurrencies.”

TRON’s Justin Sun Giving Away $1.2 Million for UBI, 50,000 TRX to Telegram Group

Michael LaVere
  • TRON's Justin Sun is supporting US presidential candidate Andrew Yang's UBI by giving $1.2 million to 100 people in 2020.
  • Sun and the TRON Foundation also announced a 50,000 TRX ($75K) giveaway through the official TRON telegram group.

TRON founder Justin Sun has announced that he will be giving away $1.2 million to 100 people next year to support U.S. presidential hopeful Andrew Yang’s universal basic income (UBI) program, in addition to kicking off a 50,000 TRX ($75K) giveaway for users of the cryptocurrency’s Telegram group. 

Sun Supporting Andrew Yang’s UBI

Sun, who paid $4.6 million earlier in the year to host a charity lunch with Warren Buffett, has now pledged to give $1.2 million to 100 people in 2020. TRON's founder also announced that one of the 100 selected for the giveaway will be invited to his charity lunch, which was originally postponed after Sun came down with kidney stones. 

Sun has asked U.S. presidential candidate Andrew Yang for assistance in the selection process. Yang, who has a background in entrepreneurship, has built his campaign upon the idea of universal basic income (UBI), which would guarantee U.S. citizens a monthly stipend. In addition to championing the idea on the campaign trail, Yang has pledged to distribute $1,000 per month to 10 people for the next year. 

Sun has taken the movement a step forward, by pledging to support 100 people at $1000 per month for the entirety of 2020.

TRX Telegram Giveaway

In addition to promoting UBI and Andrew Yang’s cause, Sun also announced the start of a 50,000 TRX giveaway, worth $75K, for community members using TRON's telegram channel. According to tweets published by Sun and the TRON Foundation on Sept. 16, TRON supporters can gain TRX by joining and inviting others to the coin’s official Telegram group. 

In order to qualify for the promotion, users will need to engage in a conversation with the @TRONEnBot through the telegram application. From there, the TRX payout will be tied to the number of invited users who join the Telegram group. The first and second place prize are worth 5000 and 2500 TRX, respectively, with the remaining 32,500 TRX being split among the rest of users.

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