Tron [TRX] to get enlisted on KuCoin; works in favour of TVM launch
Tron [TRX] will soon find a place on the trading chart of KuCoin platform which gives much needed impetus before the release of TVM. Justin Sun, Tron CEO and founder has posted on his Twitter account on 26th August about its native currency’s listing on global crypto exchange with its base in Singapore. From 27th August, the exchange platform will support the trading of Tron [TRX] in trading pairs involving TRX/ETH and TRX/BTC.
— Justin Sun (@justinsuntron) August 27, 2018
The trading is commenced two days prior to the launching of TVM or the Tron Virtual Machine. The primary motive of KuCoin, as per its statement, has been seamless transaction of digital currencies and exchange mechanisms. The users can have the option of availing trading pairs that exceeds 350.
KuCoin has also been in recent news due to its declaration of Merculet [MVP] as a segment of tradable currencies. KuCoin gives accessibility to the official cryptocurrency of Merculet, MVP. The trading pairs available in this exchange with respect to Merculet [MVP] are MVP/ETH and MVP/BTC.
Earlier, the Foundation also made an announcement about the trading of the token on CoinSwitch platform. He has also mentioned that on crypto exchange aggregator, the trading volume on a daily basis has touched the mark of $1 million in the 2018 time span. Before the significant event of Tron Virtual Machine launch on 30th August, the Foundation has already made announcements back to back about its partnerships and latest updates.
Opinion of TRON CEO
As per the opinion of Justin Sun, TVM will form a compatibility with Ethereum Virtual Machine. This will facilitate the developers of the latter to go ”almost free” onboard with the former. Furthermore, security, stability, scalability, proper blockchain system, efficiency and security are provided to the developers with the help of this virtual machine. True Virtual Machine will also undergo the application of Bandwidth. Smart contracts or transaction operation is free from the imposition of fee.
Currently, the coinmarketcap shows that the valuation of Tron [TRX] is $0.02 with a market capitalisation of $1.55 billion. The 24 hours trading volume is marked at $96.81 million with a supply of 65.75 billion. This digital currency occupies the 12th position in the list of all cryptocurrencies.
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