TRON (TRX) to be Listed on Poloniex, Justin Sun Confirms
TRX will be one of the new offerings after Poloniex shifted to an international business model.
TRON (TRX) will be finally listed on Poloniex, confirmed the project’s co-founder Justin Sun. After a few days of rumors and reports by The Block, the listing was finally confirmed. The TRX digital asset, however, has only been listed after Poloniex spun off as an international exchange, while limiting US-based traders.
The TRX digital coin is listed together with TRON-based Tether (USDT), a stablecoin which brings special incentives for trading or holding. The TRON network now carries more than 850 million USDT, with the potential to bring new liquidity to TRX.
The news immediately lifted the price of TRX to $0.020, up more than 4% in the past day. Still, the asset remains relatively stagnant.
The TRON network now also sees another event unfold, the minting of the DDOS token. The token, which uses the model of simulated mining and uses TRON Energy, has already produced more than 21 million units, with minting going on at the rate of 41 coins per transaction.
At this point, the effect of DDOS issuance will be uncertain, but the token is open for mining in the next 15 months. DDOS mimics EIDOS, a similar asset that has taken over the EOS network. Skeptics see TRON as threatened by the new asset scheme.
So far, the DDOS hype has not caught on, as the token is not listed on exchanges. But if there is the possibility to dump the asset, DDOS mining may start loading the network. So far, the TRON network carries close to its usual transaction load of 1.5 million transactions per day.
The DDOS token Twitter handle has opened up with a price of $0.0038, claiming a growth of 850% in a day.
For now, the only listing for DDOS is on Newdex, a relatively small decentralized exchange. The DDOS token is just picking up, with social media presence yet to grow.