Social media giant LINE announced the creation of an in-house crypto-to-crypto exchange going by the name of BitBox. In LINE’s original announcement, the firm stated that it would offer the trading of thirty cryptocurrencies at a 0.1% fee, with the press release only mentioning the largest cryptocurrencies offered. Additionally, it was noted that BitBox’s crypto-to-crypto service would be open globally, offering exchange options to consumers in all countries but Japan and the U.S.
Since our original report, BitBox has officially launched and is now home to tens of thousands, if not hundreds of thousands of individuals looking to trade cryptocurrencies through an easy-to-use mobile platform. But with today’s announcement, LINE has now launched support for Tron (TRX) and an unexpected $10 million token venture fund. Tron, which was recently confirmed by BitBox’s listing committee, will now be available for trading on BitBox via multiple new trading pairs, such as TRX/BTC and TRX/ETH. To celebrate the listing of TRX, the Asian social media giant has partnered with Tron to airdrop nine million TRX tokens to all BitBox users “in a promotional event running until August 22nd.”
Tron (TRX) traded down 4.2% over the past 24 hours and is currently trading at $0.019316 USD.
Tron had a 24 hour low of $0.01918698 and a high of $0.02069352
Tron is the 13th largest cryptocurrency by market cap size.
Tron currently has a marketcap of $1,271,330,220 USD
Its 24 hr trading volume is approximately $133,214,587 USD.
It has a circulating suppy of 65,748,111,645 TRX.
About Tron (TRX): TRON is a blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology. The protocol allows each user to freely publish, store and own data, and in the decentralized autonomous form, decides the distribution, subscription, and push of contents and enables content creators by releasing, circulating and dealing with digital assets, thus forming a decentralized content entertainment ecosystem. TRON is one of the largest blockchain-based operating systems in the world. It has extremely high throughput. The high throughput is achieved by improving the TPS in TRON, which has surpassed Bitcoin and Ethereum, to a daily use practical degree. It’s very scalable. Applications are given a wider variety of ways to be deployed in TRON because of its scalability and highly effective smart contract. It can support enormous numbers of users. It’s highly reliable. Its reliable network structure, user asset, intrinsic value and a higher degree of decentralization consensus come with an improved rewards distribution mechanism. Tron was founded in September 2017 by a Singapore based non-profit organization called the Tron Foundation. It is headed by CEO Justin Sun, and has a dedicated in-house development team that includes renowned technology stalwarts.
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