TRON has been making waves in the Cryptocurrency space and continues to do so in its latest partnership with ABCC Exchange. Justin Sun, the CEO of TRON has recently reaffirmed his belief that the future of Cryptocurrency is “promising” in his interview with CNBC. ABCC stands to make a significant increase in its user base with this TRON partnership.
To launch this partnership, ABCC Exchange recently listed 5 TRX trading pairs, with TRX becoming a new base trading pair on the Singapore-based exchange. Following the completion of the latest technical integration, users can look forward to more TRC10 and TRC20 tokens being listed on ABCC Exchange.
What Are TRC10 and TRC20 Tokens?
To achieve its vision of an “Advanced Decentralized Blockchain Platform”, TRON has issued TRC10 and TRC20 tokens.
TRC10 tokens are widely available, with a standard that makes it really easy to carry out an Initial Coin Offering (ICO), whereby users can create their own custom TRC10 tokens. Whereas TRC20 tokens can implement extra logic, with the TRON protocol enabling Ethereum smart contracts, giving developers the chance to port over their Ethereum contracts to TRON.
The most notable TRC10 token is the BitTorrent (BTT) token, following the USD $125 million TRON acquisition of BitTorrent. BTT tokens are expected to be used by 100 million users and allow content creators to directly connect with their audience without a middleman.
More About This Partnership
ABCC Exchange first announced the news on 16 March, 2019 that 5 TRX trading pairs will be listed, together with the news that TRX will be a base trading pair on the exchange. This was followed by a retweet by Justin Sun confirming the news.
To launch this new development, the following 5 TRX trading pairs will be listed- BTT/TRX, IGG/TRX, SEED/TRX, TERC/TRX and VENA/TRX. TRON projects that are interested in listing on ABCC Exchange can apply here.
About ABCC Exchange
ABCC is a cryptocurrency exchange headquartered in Singapore, with subsidiaries in Malta and Gibraltar. Launched only in March 2018, it has achieved high volume in a short span of time, the highest global ranking in volume being fifth overall and first in ether trades. It has a global community worldwide and operates in 12 languages.
Headed by Calvin Cheng, a technology and media magnate, 2019 has seen ABCC Exchange moving towards complying with regulators, by moving their operations to Singapore. As reported by Business Insider, the exchange has recently been acquired by a consortium of investors led by Eric Cheng, a serial entrepreneur and Calvin himself.
In addition to this partnership with TRON, ABCC Exchange is expected to have more partnerships to come with recognized projects. The exchange is currently listing ERC20, TRC10/TRC20 and EOS tokens and is looking to expand its token offerings of projects with strong fundamentals.
Current developments of ABCC Exchange include the launch of their referral program (up to 70% commission) and an Initial Exchange Offering (IEO) slated to happen at the end of March. Users who are interested in their developments can visit https://abcc.com/en
Head, Global Marketing and Communications