Has Justin Sun Of TRON (TRX) Bought Over BitTorrent?
TRON (TRX) is undergoing what can arguably be described as the biggest chain of projects since its launch. Over the last couple of weeks, the TRON ecosystem has been flooded by loads of positive news.
One of the biggest news the TRON community was faced with was the possibility of Justin Sun purchasing BitTorrent.
On May 25th, 2018 TorrentFreak reported that the founder of TRON, Justin Sun is in the process of acquiring BitTorrent (renamed Rainberry Inc. in 2017), developers of Torrent. According to the initial release, the pursuit to purchase BitTorrent has been ongoing since September 2017.
Over the last couple of weeks, there have been a lot of misleading information on the internet as regards the purchase. Although renamed Rainberry Inc., there is no official website with that name, and all employees of the company still list BitTorrent Inc. as their employer (Rainberry is also not found on Linkedin).
Justin Sun had earlier in the year sued BitTorrent for reportedly violating a No shop clause and requested a restraining order for BitTorrent to cease communication with other potential buyers. Although TorrentFreak reported that the acquisition had not been finalized, Sun had registered a holding company under the alias “Rainberry Acquisition”.
TRON Foundation Hits Another Huge Partnership
TRON Foundation has announced a groundbreaking deal with Shift Markets, a brokerage startup, and builder platform. The aim of the partnership is to bring TRX tokens to different currency markets. TRON’s partnership with Shift Markets marks its entry into the FX markets.
According to the official PR from Shift Markets, TRX can currently be traded across nine different countries by brokers, and over the next couple of weeks, TRX will be offered for trade in the UK and India. The partnership would see the already established TRON network expand even further.
Market Performance of TRON (TRX)
Many crypto enthusiasts expected the value of TRX to skyrocket immediately after the MainNet launch, but that has not been the case. TRON just like a large percentage of other cryptocurrencies in the market have been affected by the frequently occurring bearish trend.
The declining crypto market saw the value of TRON (TRX) plunge as low as $0.056 on June 1. With the crypto market in green, TRON is slowly picking up the pace, with a 2.85% value rise over the last 24 hours, and the TRX is now valued at $0.597. TRON’s market cap of $3.927 billion USD makes it the 10th largest cryptocurrency.
TRON (TRX) Token Migration is On
TRON has successfully launched its MainNet, what follows now is the migration of TRON’s current ERC20 tokens to the MainNet tokens. TRON’s public blockchain upgrade is scheduled for June 21, 2018. All transactions with the ERC20 tokens will be frozen from June 22 – June 23, and all ERC20 tokens will be invalid from June 24.
For TRON HODLers, the process would be automatic if you have your TRX tokens in an exchange platform that have confirmed support for TRON blockchain upgrade and token migration. Confirmed exchange platforms include; Binance, Bitfinex, Bitpie Wallet, Bittrex, Bixin, Coinnest, Coinrail, Gate.io, OTCBTC, RightBTC and Zebpay.