This new cryptocurrency just made
some important friends.
ron, a blockchain-based ecosystem
for digital content, might be the latest new kid on the cryptocurrency block —
but with the help of the Chinese government, this latest crypto venture has a
shot at giving bitcoin a run for its money.
On Saturday Tron Labs announced
on its Medium page that a sibling social media company — Peiwo APP — received
official recognition from the Chinese government. Known as the National
High-tech Enterprise qualification, this endorsement will provied Peiwo with
preferential status for research funding, staffing, and more.
Both Tron and Peiwo are part of
the Tron Union, which is owned by the Beijing-based tech entrepreneur, Justin
Sun. This newfound national recognition means that the fusion of social media
and blockchain tech might become more common, but it also might mean a boost in
the value of TRX, the coin used for exchanges in this digital ecosystem.
As far as Sun himself is
concerned, the endorsement of Peiwo represents a larger acknowledgment on the
part of the Chinese government of what the Tron Union is doing.
Tron was originally designed to
give digital media creators total control and ownership of the content they
create. Instead of having to publish the stuff they create on intermediary
sites like Google Play or the Apple Store they have the power to manage their
own content with Tron.
Peiwo is best described as
China’s Snapchat, as it connects users by analyzing 10-second voice recordings.
It also runs on the Tron blockchain environment. Now that it has caught the
interest of the Chinese government it will surely see an influx of improvements
and updates.
This means that the app’s user
base, which has already reached 10 million, will likely increase giving Tron
more exposure and potentially get people more interested in trading TRX.
Just last month the
cryptocurrency was worth less than a penny, but it saw a huge surge during the
first couple of days of 2018 reaching highs of 26 cents. At the time of writing
this TRX is valued at roughly 17 cents, according to Coin Gecko.
While the market doesn’t seem to
be reacting to the Chinese government’s recognition of Peiwo just yet, you can
count on investors keeping on eye out for the chance to hop on the next big
cryptocurrency trend.
Source: https://www.inverse.com
تبصرے
ایک تبصرہ شائع کریں