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Steemit Migrates To Tron’s Blockchain After New Partnership

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Steemit migrates to the TRON blockchain after the extensive strategic partnership with the TRON Foundation as we are reading further in the Tron news today.

According to a Medium post that was published by TRON, the company explained:

‘’TRON and Steemit’s development teams will immediately begin working together to bring Steemit and other Steem blockchain based DApps to TRON blockchain and its community of over 20 million users, products, and services.’’

Steem’s main blogging app and the Steem token will move to the TRON blockchain in the future and all of the dapps will be able to move to TRON as well. However, it is not clear whether this migration will be voluntary or whether the Steem blockchain will continue to exist in the current form. The news also marks a huge shift in the image of the platform since Steemit was created by Dan Larimer who is the creator of EOS. EOS and Steemit were never related but they were kind of related in public perception which is that it could change if TRON manages to reshape Steem’s image.

Steem has a lot to offer and it is best known for its crypto-incentivized blogging app and it supports several other popular dapps as well. The most notable Dapp includes the YouTube-like video sharing platform Dtube, the similar Instagram-like photo-sharing app APPICS and the Steem Monsters trading game. Assuming that the dapp of Steemit migrates to TRON, the partnership will add more than 100 Dapps to the current list of TRON of 700 dapps. It will also add 1 million users to the TRON network with more than 20 million current users and each platform’s daily active user count is lower in practice.

TRON also aims to take an active role in the adoption and it will carry out a Steem token giveaway to gain more users and will offer a speedup program to encourage Dapp development. TRON has built its brand by acquiring other high-profile projects, and it acquired BitTorrent in 2018 which led to the creation of the BitTorrent token and a few other projects. The TRON creator Justin Sun was a part of the investors’ group that purchased a stake in Poloniex in 2019. Poloniex listed TRON on its exchange and it acquired one of TRON’s own exchanges.

TRON’s Steemit acquisition has been underway for a period of time, and the community started to speculate about this possibility in December when Sun hinted a new acquisition.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

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Tron News

Refereum Blockchain Platforms Has Partnered With Tron

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Refereum, a blockchain-based platform that provides rewards for users that play video games and streaming has just partnered with Tron as we are reading in the latest Tron news. The new partnership allows Refereum to pay out the gaming and streaming users in the Tron TRX coin and the BitTorrent’s BTT token according to the statement from the company. Tron purchased BitTorrent back in 2018 which utilizes an associated crypto-asset named BTT which is also built on Tron’s blockchain so Refereum partnered with DLive which is a blockchain streaming service back in 2019 to give video game live streamers potential to collect their rewards with the help of Tron. Looking further into the connective web, Tron made other inroads with DLive via the partnership between DLive and BitTorrent. The CEO of the company Dylan Jones said that the company wants to bring the payment dynamic to game streaming spectators:
"It's our hope that through this partnership with Tron and DLive we can make time at home more interesting for millions of people by offering rewards for watching game streams.’’
The CEO of DLive, Charles Wayn, also commented:
"At DLive, we want to do our part in helping stop the spread and contain the coronavirus. Stay indoors, watch your favorite streamers on DLive, and earn rewards! Let's have some fun and enjoy some great live-streaming content!"
Cryptocurrencies have already found their way into a number of video games and the virtual reality experiences over the past years. Multiple blockchain-based virtual reality platforms made headlines and showed that users are willing to pay real money and to get digital forms of payments. Tron hasn’t commented yet on the new partnership. On March 28, the Tron news showed that the foundation behind the TRX cryptocurrency officially launched a new project which looks very similar to MakerDAO. Tron launches Djed, a platform that is meant to help with collateralized loans and was described by Justin Sun (the founder and CEO of Tron) as “something new.” TRON grows within its decentralized app ecosystem and the things are looking quite good for Ethereum and TRON while EOS doesn’t seem to have the same luck. The daily active unique wallets for TRON increased by more than 33 percent compared to last year and the user base increased by 8 percent only in January, reaching more than 20,000 users.
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Justin Sun Assures Tron Acquired 5 Million Users In 645 Days

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Justin Sun assures that Tron acquired 5  million users in about 645 days according to his latest tweet that we are reading more about in the latest Tron news. Justin Sun tweeted:
 “TRON now has 5 mil users! Took us 645 days to reach this milestone, we’ll continue working hard to get that number even higher, hope to hit 50 mil…then 500 mil…then ultimately everyone on this planet! TRX $TRX.”
The theories about his claim vary since many wonder why would everyone on the planet wants a Tron account? Also, most of the users want to know about what was created by the company for people to choose and make an account with Tron. Some feel that these statements are childish while others cleared their air with multiple analogies, which stated that no one would want to go into an amusement park with only one roller coaster. Despite the disbelief, Justin Sun assures that Tron got all of these users. One of the community members implied that Tron is trying to create an end-to-end ecosystem that is focused on blogging, streaming, and gaming but also aims to create a decentralized content delivery network. Adding more clarification implies that Tron is more significant than the sum of its acquisitions. The crypto expert Sydney Ifergan tweeted:
 “TRON TRX Justin Sun never fails to impress or alarm people with their skyrocketing ambitions. Are the first million registered users already rewarded with TRX tokens for registering on the platform.  5 million users!”
People in the community, according to the latest Tron news, stated that they would do their research to understand TRON rather than listening to the haters. They assure that even the slightest research will help them change their minds and easily understand TRX. However, Justin Sun tweeted after:
 “ALERT: Surprise Flash sell of Ethereum by @VitalikButerin. Great work @justinsuntron on the recent acquisition of the ethereum network at a discount rate. Announcement coming soon. Check. Mate.”
The Tron monthly report for March shows that the altcoin became available on Kraken while the BTT token is available on VSEXpro. Meanwhile, Justin Sun clarified the meaning of his Chinese name and referred to the beginners that it is essential to understand CDP, Djed, USDJ, and DEFI. The DeFi projects are explained in layman terms, and they are easy to understand.
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Tron Launches Djed, A System For Collateralized Loans

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On March 28, the Tron news showed that the foundation behind the TRX cryptocurrency officially launched a new project which looks very similar to MakerDAO. Tron launches Djed, a platform that is meant to help with collateralized loans and was described by Justin Sun (the founder and CEO of Tron) as "something new." Many people criticized this platform on the Internet. It all started when Sun teased the launch on January 16 this year, when he let his fans choose the name of a planned decentralized stablecoin which was initially meant to be backed by TRX and the BitTorrent Token (BTT). The self-described TRX whale and Tron fan Mike McCarthy was the one who proposed the name Djed, hours after Sun's official tweet. The name, as he said, is drawn from an ancient Egyptian word and represents the concept of stability. https://twitter.com/MikeNerdUK/status/1217900225370738693 As Tron launches Djed, we can see that the platform is live under the Tronscan.org domain and shows an interface which has plenty of similarities to several Maker-based websites such as Oasis.app, vote.makerdao.com, cdp.makerdao.com and others. However, while Djed's interface is still a bit modified, the system itself appears to be a clone of the old Single Collateral DAI for Maker. The principle is the same, though Tron users will be committing TRX collateral to mint USDJ instead of DAI. The governance token is called JED (instead of MKR). The cryptocurrency news show that even without looking at Djed's code, we can see that the platform resumes a lot of the terms used within Maker. Djed is a lending platform that is using Collateralized Debt Positions (CDP) where users must pay a Stability Fee as an interest rate on their loan, decided via an Executive Vote helped by assessments of Djed's Interim Risk Team. All of these terms are used to describe the MakerDAO features, too. Even though there are superficial similarities, the smart contract code further nails down and shows that as Tron launches Djed, it is a system that practically resembles a clone of Single Collateral DAI. Even though there is no official source for this, contract calls on Djed have the same names as Maker's too - some of these are named SaiProxyCallAndExecute, DaiFab, MomFab, DadFab and many others.
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TRON Holds Positive Correction During The Day: Analysis

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TRON holds positive correction momentum during the day and is trading at $0.0147 but it still lacks steady support from the 50-day and 200-day moving average as we are reading in the TRON news today. The TRX/USD experienced a major freefall from the $0.0271 price high because of the lack of momentum and the entire market volatility. During the hourly charts, there is a death crossover as the 200-day MA crosses above the 50-day MA so the TRON price crashed to the lowest at $0.0139 during the recent fall and reached a lower 20-day Bollinger Band, breaching the 2-month support over the past two days. The TRON price seems to have a reversal of the momentum of the currency is dropping since the latter half of the previous month. With the overall panic because of the Coronavirus, the markets worldwide have crashed and are far away from profits for quite some time now. Looking at a glance, the 4-hourly price movement of TRON against the US dollar and we can see that the coin faced a major fall compared to the price increase in the early half of the month. The recent hit led the TRX coin to lose the support and the traction from the daily moving averages. The Bearish crossover is still there as the selling pressure became heavier. The immediate support awaits at the $0.0124 level which happens in the 90-day low and a further fall will breach the same level. According to the 20-day Bollinger Bands laid so we are following the volatile days ahead of the bearish note as TRON holds the new level. The technical indicators lay exhibit that is more bullish at the MACD line of the TRX coin which has crossed above the signal line when the prices corrected upside from the upper bottom at $0.0139. The RSI of the coin is at 36 and it is seen rising from the oversold territory of the support line. TRON grows within its decentralized app ecosystem and the things are looking quite good for Ethereum and TRON while EOS doesn’t seem to have the same luck. The daily active unique wallets for TRON increased by more than 33 percent compared to last year and the user base increased by 8 percent only in January, reaching more than 20,000 users.
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