{"id":18534,"date":"2021-11-02T10:00:00","date_gmt":"2021-11-02T10:00:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/11\/02\/justin-sun-plans-to-set-up-a-fund-worth-over-1-1billion-to-catalyze-tron-ecosystems-growth\/"},"modified":"2021-11-02T10:00:00","modified_gmt":"2021-11-02T10:00:00","slug":"justin-sun-plans-to-set-up-a-fund-worth-over-1-1billion-to-catalyze-tron-ecosystems-growth","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/11\/02\/justin-sun-plans-to-set-up-a-fund-worth-over-1-1billion-to-catalyze-tron-ecosystems-growth\/","title":{"rendered":"Justin Sun Plans to Set up a Fund Worth over $1.1Billion to Catalyze TRON Ecosystem&#8217;s Growth"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>SINGAPORE &#8211;\u00a0<a href=\"https:\/\/www.media-outreach.com\/\">Media OutReach<\/a>\u00a0&#8211; 2 November&#13;<br \/>\n2021 &#8211;<b> <\/b>TRON founder Justin Sun tweeted his plan to earmark $1,111,111,111&#13;<br \/>\n(roughly $1.1 billion) to establish a fund in support of the growth of the TRON&#13;<br \/>\necosystem. The TRON and BitTorrent-based Frog Nation will be the first project&#13;<br \/>\nsupported by the fund after its launch.\u00a0<\/p>\n<p style=\"text-align: center;\"><img src=\"https:\/\/images.media-outreach.com\/Thumb\/500x0\/192936\/Tron.jpg#image-192936\" width=\"500\"\/><\/p>\n<p>It is&#13;<br \/>\nunderstood that TRON will leverage the fund to equip developers with more&#13;<br \/>\nefficient and affordable developing tools, while allowing the protocols in the&#13;<br \/>\nnetwork to yield more returns. Meanwhile, it can also give users access to&#13;<br \/>\ntransactions at the lowest costs.\u00a0<\/p>\n<p>As one of&#13;<br \/>\nthe three biggest public chains in the world, TRON now boasts over 59 million&#13;<br \/>\nusers and more than 2.5 billion transactions. It also leads the game in many&#13;<br \/>\npopular fields including DeFi, NFT, DApp, stablecoins, and distributed&#13;<br \/>\nstorage.\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Available&#13;<br \/>\nstatistics show that TRON now boasts the biggest DApp ecosystem across the&#13;<br \/>\nglobe and its DeFi&#8217;s TVL has also exceeded $11.7 billion, ranking among the top&#13;<br \/>\nthree globally. TRON also hosts the most-circulated stablecoin worldwide and&#13;<br \/>\nsupports the on-chain circulation of major stablecoins including USDC, USDT,&#13;<br \/>\nTUSD, and USDJ. Moreover, the daily transfer volume of TRON-based stablecoins&#13;<br \/>\ntopped $10 billion multiple times already.\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Moreover,&#13;<br \/>\nTRON has been active since 2021 in the world of NFT. Besides launching the&#13;<br \/>\nfirst NFT standard TRC-721 in March, it has improved the world&#8217;s largest distributed&#13;<br \/>\nstorage system BTFS, providing a comprehensive and efficient infrastructure for&#13;<br \/>\ntransforming artworks into NFTs on blockchain. TRON is also proactively making&#13;<br \/>\ninroads into GameFi and NFTFi.\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>TRON has&#13;<br \/>\ngrabbed broad attention and won wide recognition thanks to the exponential&#13;<br \/>\ngrowth in its metrics and the constant improvement and innovation of its&#13;<br \/>\necosystem.<\/p>\n<p>\u00a0<\/p>\n<p>On October&#13;<br \/>\n30, TRON and BitTorrent officially launched the cross-chain scaling solution&#13;<br \/>\nBitTorrent Chain (BTTC) with its Testnet enabled. As BTTC arrives, TRON will&#13;<br \/>\nsee the emergence of a closed-loop ecosystem of layer 1 and 2 networks with&#13;<br \/>\nsound cross-chain connectivity. By integrating both a robust underlying network&#13;<br \/>\nof Global Human Settlement Layer and a heterogeneous, scalable cross-chain network&#13;<br \/>\nBitTorrent Chain that features high throughput and full compatibility with EVM,&#13;<br \/>\nTRON will unveil a brand-new chapter where all chains are connected.\u00a0<\/p>\n<p>As BTTC&#13;<br \/>\ngoes live, TRON will draw more users from other chains to its increasingly&#13;<br \/>\nprosperous and diverse ecosystem, unleashing even greater potential.<\/p>\n<p>\u00a0<\/p>\n<p>#TRON<\/p>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/2021-11-02\/102277\/justin-sun-plans-to-set-up-a-fund-worth-over-1-1billion-to-catalyze-tron-ecosystems-growth\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE &#8211;\u00a0Media OutReach\u00a0&#8211; 2 November&#13; 2021 &#8211; TRON founder Justin Sun tweeted his plan to earmark $1,111,111,111&#13; (roughly $1.1 billion) to establish a fund in support of the growth of the TRON&#13; ecosystem. The TRON and BitTorrent-based Frog Nation will be the first project&#13; supported by the fund after its launch.\u00a0 It is&#13; understood that &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/18534"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=18534"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/18534\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=18534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=18534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=18534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}