TRON on Jan.15 announced that it would be listing TRX tokens based on the new TRC10 standard on ABCC Exchange, beginning a new partnership in the process. Justin Sun, founder and CEO of Tron, took to Twitter to confirm the news.
ABCC Exchange is truly an awesome platform that has witnessed great development. We are glad to partner with #ABCC as it's the first exchange listing #TRX10 tokens. #TRON #TRX $TRX https://t.co/8VO7Z2jGOY
— Justin Sun (@justinsuntron) January 15, 2019
ABCC Exchange tweeted:-
We are excited to announce our partnership with @Tronfoundation ahead of #niTROn2019! @Justinsuntron#ABCC is the 1st exchange that will list #TRX 10 tokens – We are one of the top exchanges with great security and user interface. Stay tuned!
#Blockchain mass adoption is coming pic.twitter.com/8T5mcgB9jn— ABCC Exchange (@ABCC_Exchange) January 15, 2019
Tron’s CEO had this say on the occasion:-
#ABCC is the 1st exchange to support #TRON ecosystem and we expect more exchanges to come in 2019! #TRX $TRX https://t.co/XN3s6c7hf3
— Justin Sun (@justinsuntron) January 15, 2019
This collaboration is also of first of its kind and has made ABCC the first crypto exchange in the market to list tokens based on Tron’s TRC10 standard.
This comes on back of its announcement a couple days prior to the launch, in which the exchange was stated to be developing support for TRC10 and TRC20 standard tokens.
The two standards seem to differ in the way of their implementations.
The TRC10 tokens supposedly support Tron’s native blockchain without the deployment of the Tron Virtual Machine (TVM).
The TRC20 standard, however, is used for the implementation of smart contracts that make use of tokens through the TVM. In addition to this, it is also said to be compatible with Ethereum’s ERC-20 tokens.
Recently, Justin Sun had said that his company would help Ethereum and EOS developers should their platforms reach the brink of collapse by building a fund to support them.
Tron acquisition of BitTorrent was also met by doubts with former chief strategy officer of BitTorrent arguing that Tron would not be able to handle the heavy transaction volume that would be required in order to completely tokenize the torrent service.
Regardless, Tron had launched a cryptocurrency for use on the platform itself earlier this month, dubbed as the “BTT”.
Tron, currently ranked as the ninth largest cryptocurrency in terms of market cap at $1.6 billion, was reported valued $0.0243 at the time of writing, down nearly 4% from its start of the day trading price.