In this case, the ABCC cryptocurrency exchange has formed a partnership with Tron, the ninth largest cryptocurrency encompassing the cryptoverse.
The notification was made via Twitter on 15 January. The founder and CEO of Tron Foundation, Justin Sun, officially confirmed this specific news. Per the announcement, ABCC has turned out to be the first exchange to support tokens based on Tron’s TRC10 technological standard, as a result of this notable partnership.
This information about the partnership followed the official announcement by ABCC providing support for tokens based on TRC10 and TRC20 Standards. The TRC10 token is defined by Tron’s Developer Guide as the technical standard for tokens backed by the native blockchain of the crytpocurrency without using the Tron Virtual Machine.
As far as the TRC20 token is concerned, it is also a technical standard, however for smart contracts deployed with TVM. In addition, it is completely compatible with the ERC-20 standard tokens of Ethereum (ETH) blockchain. Notably, Tron’s President and Chief Executive Officer stated very strongly that it is setting up a fund specifically to rescue Ethereum (ETH) and EOS developers from the so-called disintegration of their platforms.
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
Recently, BitTorrent ‘s previous Chief Strategic Officer argued that Tron will not be able to handle the transaction volume necessary to tokenize the torrent customer. It can be remembered that back in July 2018, Tron purchased BitTorrent.
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
Following the acquisition, Tron unveiled a native cryptocurrency token for the platform, dubbled “BTT,” earlier this month, based on its own protocol.
Tron (TRX), which has a market cap of about $1.62 billion, is classified as the ninth largest cryptocurrency and is trading at $0.02.