Tron’s Ecosystem Has Surpassed 2.3 Million Accounts, 246 Decentralized Applications

The creators of TRON have released their latest Weekly Dapp Report which summarizes the key developments related to the platform’s decentralized applications (dApps) ecosystem.

As noted in the report, there are now more than 2.3 million TRON accounts that have been created and there are 246 different dApps that have been launched on the TRON (TRX) network. In the past week, 10 new dApps that went live on TRON's platform. This, according to the smart contract-enabled dApp creation network’s weekly progress summary which also revealed that there are presently 71 gambling-related dApps launched on TRON.

246 dApps Launched On TRON's Blockchain

Notably, there are 54 gaming-related dApps that have been built and deployed on TRON, 86 “high-risk” dApps, 14 exchange-related dApps, and at least 21 others were introduced so far. According to TRON’s estimates, there are about 70,000 “daily active users” on the network, an average of 750,000 daily TRX transactions (appr. $337,875 in 24-hour TX volume), and 519 smart contracts.

Other notable information shared in the report revealed that TRON Bird, “a simple collectibles game” in which players receive a “bird egg with 300 TRX to hatch” has become fairly popular.

As explained in TRON’s blog, TRON Bird is “conceptually similar” to Ethereum’s CryptoKitties in “the sense that users buy, sell, or rent pets” in order to earn TRX tokens.

FlashDEX, A Decentralized Digital Asset Exchange

FlashDEX, a decentralized cryptoasset exchange (DEX) built on the TRON network, will reportedly “support the TRC-20 standard token USDT-TRON” which was developed and jointly released by Tether Ltd. and the developers of TRON.

As mentioned in the Weekly Dapp Report, the FlashDEX platform “manages user orders and freezes assets” in an automated manner - as these transactions are handled by smart contracts. Because the trading process is managed by contracts, users and operators need not conduct the “transfer operation” by themselves (manually). Moreover, the FlashDEX has been created to function as a “service platform that efficiently manages buyers and sellers” in order to settle crypto transactions, TRON’s blog states.

On April 2, 2019, Justin Sun, the head of the TRON Foundation, announced that the platform’s developers would soon be releasing the details of the Sun network. According to a tweet regarding the announcement, the SUN Network is TRON’s version of the "layer 2" crypto payment solution to "achieve 100X scalability.”

Although unconfirmed, Sun noted: “#TRON’s dapp usage is poised to scale from the current millions to hundreds of millions after launch.”

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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