SUNNetwork, USDT/TRON, BTT PRODUCT LAUNCH..
We already knew that April is an interesting month for TRON (TRX) and BitTorrent (BTT), since Sun already stated a few weeks ago that the BTT product, BitTorrentLive will be released in April. April is also the start of a new quarter, a new phase in which the Tron Foundation stated to come with a lot of improvements. And like they promised, one announcement was followed by another…
On the 3th of April Justin Sun announced that the details of the SUNNetwork, the layer 2 solution to achieve 100X scalability for the Tron Network will be released soon. Tron seems to get ready for the next developmental phase with the SUNNetwork to grow the usage of DApps and speed up their transactions. A few hours later Tron reached also a new block height record, with passing 8 million blocks.
But that’s not all. On the 7th of April Justin, already came with a new announcement as a follow up to the interview that he has given with Rachel Wolfson, known under the name “The Crypto Chick” where he explained the details of the USDT-TRON token.
What do we know so far about the USDT/TRON Stable coin?
In February the TRON Foundation partnered with Tether (USDT), which was followed up by a huge giveaway with 2 Tesla’s and a interesting incentive plan for early adopters. After this the USDT/TRX pair was listed on OMNI.
The USDT-TRON Stable Coin, will be TRC20-cased token which will be released on the 9th of April. According to Justin this token will be “Fast, free and Smart” . TRC20 Tokens are growing, because of the possibilities with the smart-contracts, API integration and the supporting of decimals. The new USDT/TRON stable coin will also support smart contracts. At the same time a new function will be introduced, a privacy function. Sun also wants to focus on cross-border payments with this new tokens for costumers.
The release of the USDT/TRON stable coin is necessary to build the infrastructure and the industry, especially for the growing developments of the Tron DAPPS. The reason why now next to the USDT/TRX pair also a own token will be released is also because Omni, struggled with meeting the customer demands with the spike of BTC on the 1th of April. Therefore it’s needed that to move from the Bitcoin -Based protocol to a better network, which is off course Tron.
The announcement of the new token also raised a lot of demand on the market, which will also meets the requests of institutional investors. Since this news has been released, Tron is suddenly climbing up to 0.03 USD again. Let’s hope this way continues, with all the events coming this month!
Announced Tron Events in April
- 1 April 2019 – Sign up BETA testers BitTorrentLive
- 9 April 2019 – Launch of the USDT/TRON stable token
- 11 April 2019 – Montly BTT Airdrop
- 30 April 2019 – Start 20 MILLION USDT/TRON INCENTIVE PLAN
- Release of BitTorrent Live