Justin Sun Plans to Set up a Fund Worth over $1.1Billion to Catalyze TRON Ecosystem’s Growth

SINGAPORE – Media OutReach – 2 November
2021 – TRON founder Justin Sun tweeted his plan to earmark $1,111,111,111
(roughly $1.1 billion) to establish a fund in support of the growth of the TRON
ecosystem. The TRON and BitTorrent-based Frog Nation will be the first project
supported by the fund after its launch. 

It is
understood that TRON will leverage the fund to equip developers with more
efficient and affordable developing tools, while allowing the protocols in the
network to yield more returns. Meanwhile, it can also give users access to
transactions at the lowest costs. 

As one of
the three biggest public chains in the world, TRON now boasts over 59 million
users and more than 2.5 billion transactions. It also leads the game in many
popular fields including DeFi, NFT, DApp, stablecoins, and distributed
storage. 

Available
statistics show that TRON now boasts the biggest DApp ecosystem across the
globe and its DeFi’s TVL has also exceeded $11.7 billion, ranking among the top
three globally. TRON also hosts the most-circulated stablecoin worldwide and
supports the on-chain circulation of major stablecoins including USDC, USDT,
TUSD, and USDJ. Moreover, the daily transfer volume of TRON-based stablecoins
topped $10 billion multiple times already. 

Moreover,
TRON has been active since 2021 in the world of NFT. Besides launching the
first NFT standard TRC-721 in March, it has improved the world’s largest distributed
storage system BTFS, providing a comprehensive and efficient infrastructure for
transforming artworks into NFTs on blockchain. TRON is also proactively making
inroads into GameFi and NFTFi. 

TRON has
grabbed broad attention and won wide recognition thanks to the exponential
growth in its metrics and the constant improvement and innovation of its
ecosystem.

On October
30, TRON and BitTorrent officially launched the cross-chain scaling solution
BitTorrent Chain (BTTC) with its Testnet enabled. As BTTC arrives, TRON will
see the emergence of a closed-loop ecosystem of layer 1 and 2 networks with
sound cross-chain connectivity. By integrating both a robust underlying network
of Global Human Settlement Layer and a heterogeneous, scalable cross-chain network
BitTorrent Chain that features high throughput and full compatibility with EVM,
TRON will unveil a brand-new chapter where all chains are connected. 

As BTTC
goes live, TRON will draw more users from other chains to its increasingly
prosperous and diverse ecosystem, unleashing even greater potential.

#TRON