Tron is gaining attention among global investors and crypto traders alike. The 16th most valuable crypto is fast becoming a sort of magnet among crypto holders, as investors cash in on the Ethereum based crypto.
Data retrieved from Whales Alert, an advanced crypto tracker revealed that a large entity moved 306,935,072 TRX (7,808,068 USD) from Poloniex to an unknown wallet.
Beginning on Ethereum, it migrated onto its own blockchain in the following year.
According to the foundation, the July 2018 purchase of BitTorrent further cemented TRON’s leadership in pursuing a decentralized ecosystem.
In 2019, Tron and Tether announced a partnership to launch Tether Tron Whale transfers 306 million TRX on the blockchain as a TRC-20 token, the protocol’s equivalent of an ERC-20 designed to improve liquidity on crypto exchanges.
According to the project’s whitepaper, the network is based on a proof-of-stake system, in which 27 ‘super representatives’ or SRs, produce blocks for the network. A total of 336,384,000 TRX are awarded annually to the SRs.
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