TRON founder Justin Sun announced earlier today on Twitter that TRON’s cryptocurrency TRX will be listed on popular cryptocurrency exchange KuCoin.
Singapore-based KuCoin is one of the world’s largest cryptocurrency exchanges offering over 300 trading pairs. The addition of TRX on its platform will no doubt give the coin a much-needed boost ahead of it’s Tron virtual machine (TVM) launch on August 30th.
KuCoin plans to start trading TRX on its platform from tomorrow, August 28th, with trading pairs for Bitcoin (BTC) and Ethereum (ETH).
While KuCoin is a popular and generally trusted exchange, it has been in the news lately following speculation over why its Hong Kong offices are empty. The exchange made an official announcement clarifying the confusion on its website.
KuCoin’s own token, KCS, is ranked the fifth highest exchange token with a market cap of $124 million.
— Justin Sun (@justinsuntron) August 27, 2018
The Tron Virtual Machine
In the lead up to the TVM launch, Tron has been seeing increased transactions on its network lately. Recent reports show that daily transaction rates are almost half of the second-largest cryptocurrency, Ethereum.
The TVM is a custom-built blockchain designed to increase TRON’s overall reach and availability. It has been developed to be compatible with Ethereum’s similar virtual machine (EVM) and will be able to import smart contracts from the Ethereum network.
TRX is fighting to regain its place in the top 10 cryptocurrencies on CoinMarketCap. It’s currently in 12th position trading at $0.02 with a market cap of $1.5 billion.
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