TRON gets $10m partnership deal

[notMeNahh]

According to https://www.cryptotimes.io/2024/12/19/bitget-tron-lock-in-10m-deal-for-blockchain-growth/ and https://cointelegraph.com/press-releases/bitget-announces-strategic-collaboration-with-the-tron-blockchain-including-the-acquisition-of-10m-of-trx

Tron blockchain has partnered with an exchange, and they sealed the deal by purchasing $10 million worth of TRX.

We know TON also had something similar like this when they partnered with some exchanges months ago, and they did see an increase in popularity, and more projects run on TON more and more these days

Well TRON is already one of the most popular and fastest blockchains, it remains to be seen the effect of this partnership on the network

[TastyChillySauce00]

yeah bitget seems to be really active in making partnership, probably trying to beat binance, but I think $10 million acquisition of TRX is nothing, i've seen whales buying TRX by the millions previous rally and market cap already doubled by 10 billion more compared to the beginning of the year, I don't think this partnership means anything.

it's a good partnership, but i wouldn't expect it would affect the price that much though.

[MAAManda]

It's great to see this industry growing, I think it won't be long before Bitget becomes one of the giants in this industry with all the tips they are making for the advancement of the industry. Talking about Bitget, their native token is now around $4. It has increased by more than 200% since a month ago. BTW, do you think their native token can be on par with Binance’s native token in the future?

[Lida93]

It's great to see this industry growing, I think it won't be long before Bitget becomes one of the giants in this industry with all the tips they are making for the advancement of the industry. Talking about Bitget, their native token is now around $4. It has increased by more than 200% since a month ago. BTW, do you think their native token can be on par with Binance’s native token in the future?

Indeed, I am impressed with the various steps Bitget exchange is taking to making sure they find a ground to expand in the industry despite having other giants like Binance . What has really given some popularity to Bitget lately is their partnership with some of these play to earn telegram app airdrop games which has led many persons to have to hold their native token. But having to make a comparison with Bitget native token to that of Binance (BNB) I do think it's unfit for now despite the growth in value Bitget token has seen lately there are still millions of investors who will prefer hodling BnB to Bitget token when both exchanges market volume is placed side by side.

[MAAManda]

But having to make a comparison with Bitget native token to that of Binance (BNB) I do think it's unfit for now despite the growth in value Bitget token has seen lately there are still millions of investors who will prefer hodling BnB to Bitget token when both exchanges market volume is placed side by side.

I made a comparison to Binance's native token because Bitget made almost the same steps as Binance before Binance became as famous as it's today, maybe Bitget is the main challenger for Binance in the future, no one knows, right?

Maybe you need to follow more about Bitget & their projects so you can know them better, imagine 200% increase in their native token since the last month, that's a massive increase. Don't know if they can go to $10 next year, but I've definitely put their native token in my portfolio.

[NotATether]

I made a comparison to Binance's native token because Bitget made almost the same steps as Binance before Binance became as famous as it's today, maybe Bitget is the main challenger for Binance in the future, no one knows, right?

Tron doesn't need Bitget or another partnership. They already have all of Justin Sun's exchanges supporting it.

[coin-investor]

it's a good partnership, but i wouldn't expect it would affect the price that much though.

I was so bullish on Tron 7 years ago. I used to hold a lot of this back then, thinking that it was a good investment besides Ethereum, but after 7 years the price is not something that will excite you; you should be better investing in other coins.
I don't know why its not moving; the profitability is not good whether Justin Sun is on board or not. its a good coin, with fast transactions and with very low fees. I used to promote it to my friends as worthy of anyone's portfolio.

[pakhitheboss]

Well TRON is already one of the most popular and fastest blockchains, it remains to be seen the effect of this partnership on the network

The only reason why Tron becoming a blockchain for everyone to do transaction was because of the fee. Every ISDT transaction was cheaper than its counterparts in term of transaction fees.

Transaction on Tron blockchain were easy and the fee in terms of TRX was very less if compared with other blockchains. The next factor was that it never got congested, wherein other big blockchains are always congested.

The only issue with Tron is that it couldn't create an ecosystem like others and that is why I think this deal will help Tron to go further and create a user base bigger than the those competing with it.

It is an opinion of mine and I do accept I use their blockchain to transaction in USDT.

[sunsilk]

According to https://www.cryptotimes.io/2024/12/19/bitget-tron-lock-in-10m-deal-for-blockchain-growth/ and https://cointelegraph.com/press-releases/bitget-announces-strategic-collaboration-with-the-tron-blockchain-including-the-acquisition-of-10m-of-trx

Tron blockchain has partnered with an exchange, and they sealed the deal by purchasing $10 million worth of TRX.

We know TON also had something similar like this when they partnered with some exchanges months ago, and they did see an increase in popularity, and more projects run on TON more and more these days

Well TRON is already one of the most popular and fastest blockchains, it remains to be seen the effect of this partnership on the network

This is nostalgic for me. And that's because TRON have been doing this type of hype on 2017 and it's able to give the idea to everybody that they've been good in PR.

Anyway, it's not that important anymore and this amount of money looks nothing to Justin when even purchased a $6M worth of banana art that he just ate easily.

And even it's also one of the most popular blockchains out there, releases and partnerships like this doesn't have any significant effect anymore IMO at these times.

[TastyChillySauce00]

I made a comparison to Binance's native token because Bitget made almost the same steps as Binance before Binance became as famous as it's today, maybe Bitget is the main challenger for Binance in the future, no one knows, right?

Tron doesn't need Bitget or another partnership. They already have all of Justin Sun's exchanges supporting it.

exactly this, if any it's bitget that gets the partnership deal LOL . tron is too big, justin sun could easily shell out tens of millions easily, even him staking on some LST project already putting hundred millions of dollars in risk of volatility and he seems to be doing fine.

his exchange also got quite the volume and TRON is listed every where, and the fact that justin sun routinely create fuss with those banana arts and all. it doesn't need any partnership at all.

[Iamcrypticguy]

yeah bitget seems to be really active in making partnership, probably trying to beat binance, but I think $10 million acquisition of TRX is nothing, i've seen whales buying TRX by the millions previous rally and market cap already doubled by 10 billion more compared to the beginning of the year, I don't think this partnership means anything.

it's a good partnership, but i wouldn't expect it would affect the price that much though.

It's a good collaboration, earlier this year they made partnership with TON and tbh the ecosystem is growing at a good pace, for Tron I'll say the price trend hasn't really been positive over the years .lets hope this partnership reflects positively in that aspect..

It's great to see this industry growing, I think it won't be long before Bitget becomes one of the giants in this industry with all the tips they are making for the advancement of the industry. Talking about Bitget, their native token is now around $4. It has increased by more than 200% since a month ago. BTW, do you think their native token can be on par with Binance’s native token in the future?

It's nice to see them have positive impact in web3.. BGB Hit ATH of $4.9. I don't think it could rival Binance BNB just yet because of obvious factors. But I'm thinking it could get to $10 in no time..

[hugeblack]

Well TRON is already one of the most popular and fastest blockchains, it remains to be seen the effect of this partnership on the network

The only reason why Tron becoming a blockchain for everyone to do transaction was because of the fee. Every ISDT transaction was cheaper than its counterparts in term of transaction fees.

Compared to many blockchains, fees are not the cheapest^[1], there is an average of $1.5 for some blockchains, but compared to the past, the average was $0.7 and we rarely see transaction fees above $1. If ERC20 fees drop below $1, it will be the end of TRON.

[1] https://www.cropty.io/wallets/usdt-wallet/fees

[pakhitheboss]

snip..

As of now when I am trying to transfer TRX from one exchange to another I pay 0.1 TRX. Which I consider very less when I compare fees of native tokens. If I want to transfer USDT then I will use Binance exchange for it and use BSC wherein within the exchange and sending USDT to another exchange that support  BSC I will not be paying any fee.

With respect, my above reply was solely based on transaction fees when using the native token. Binance exchanges is still accepting $1 as fee for USDT transaction on Tron blockchain. Furthermore almost every exchange local or international allows USDT deposit on Tron.

[bettercrypto]

yeah bitget seems to be really active in making partnership, probably trying to beat binance, but I think $10 million acquisition of TRX is nothing, i've seen whales buying TRX by the millions previous rally and market cap already doubled by 10 billion more compared to the beginning of the year, I don't think this partnership means anything.

it's a good partnership, but i wouldn't expect it would affect the price that much though.

In your tone of voice, the 10M$ that was put into Trx is also worthless, for example, you are the dev or creator of TRX, and someone partnered with TRX that you made worth 10 million dollars, can you still say that that 10 million$ is worthless in supporting your TRX token? So for you, it didn't help you at all, this is if for example you created Trx.

Then why do you compare it to other blockchain networks, like BNB, Bitget, they have different concepts from a different angle. Sorry friend but I don't agree with what you said. Because 10 million$ is a big amount and it can still help TRX a lot if you are the one who created it, this is just an example that you invented Trx I mean its just an assume.

[aioc]

Tron blockchain has partnered with an exchange, and they sealed the deal by purchasing $10 million worth of TRX.

Well TRON is already one of the most popular and fastest blockchains, it remains to be seen the effect of this partnership on the network

Nothing really new on this; they have made a lot of partnerships, and their developers even stirred up a lot of controversies, but still, Tron is one of the coins that cannot pump the way other unpopular coins did, like Doge, Shiba, and Solana.
Its one of the coins that you want to recommend because of its speed and low transaction fees, but not when it comes to profitability; its one of my options to use on casinos and for paying stuffs, but not for hodling.

[hugeblack]

snip..

As of now when I am trying to transfer TRX from one exchange to another I pay 0.1 TRX. Which I consider very less when I compare fees of native tokens. If I want to transfer USDT then I will use Binance exchange for it and use BSC wherein within the exchange and sending USDT to another exchange that support  BSC I will not be paying any fee.

I didn't know that TRX had use cases apart from USDT/TRC20, are you using that blockchain for other uses like DEX, smart contract bridges or anything.

[pakhitheboss]

I didn't know that TRX had use cases apart from USDT/TRC20, are you using that blockchain for other uses like DEX, smart contract bridges or anything.

Yes, I am using TRX for staking using a wallet known as Tronlink, If you want to know the benefits of holding TRX on that wallet then please check this article. TRX is a hidden crypto that did not have any hype until the day it got pumped in the recent bull run. It is a hidden gem that is better than other native tokens of a blockchain, it did not get any hype because Tron blockchain does not have any big projects within its ecosystem.

[Hagart]

Tron has been a disaster for a long time and from my point of view it doesn't need investment, it needs development. They haven't done anything new to increase the project's popularity in a while, and it's not for lack of funds. What ends up happening sooner or later, when things go wrong, is that (large) investors can end up selling their bags and causing the market to collapse. Everything has a limit, and Tron has been on the brink of the abyss for years without adding new features to the product.

[hero_the_bossman]

Tron blockchain has partnered with an exchange, and they sealed the deal by purchasing $10 million worth of TRX.

Well TRON is already one of the most popular and fastest blockchains, it remains to be seen the effect of this partnership on the network

Nothing really new on this; they have made a lot of partnerships, and their developers even stirred up a lot of controversies, but still, Tron is one of the coins that cannot pump the way other unpopular coins did, like Doge, Shiba, and Solana.
Its one of the coins that you want to recommend because of its speed and low transaction fees, but not when it comes to profitability; its one of my options to use on casinos and for paying stuffs, but not for hodling.

They seek attention - they would get it.
The question is would they be able to sustain and work with the things they start.
Lots of work ahead for TRON still, that's for sure.