TRON is becoming a hot topic with each passing day. This time, the world’s 9th largest cryptocurrency has partnered with ABCC cryptocurrency exchange, according to the tweet posted on January 15th, 2019 by Justin Sun.
TRON’s CEO and founder, Justin Sun has subsequently confirmed this news through a Twitter post.
According to the announcement, the partnership has made ABCC exchange the first cryptocurrency exchange to list the tokens depending on TRON’s TRC10 technical standard.
The announcement was made a few days ago by ABCC exchange that it’s in the process of adding support for the tokens and list ‘TRC-20 and TRC-10’ on their platform.
The day this announcement was made, the same day it was noticed that TRX dethroned Tether hitting the 8th spot in terms of total market capitalization.
The price of #TRX has been rising rapidly!
This is testament to the good news we have been hearing from @Tronfoundation recently. We are currently working with Tron to list TRC-20 and TRC-10 on ABCC Exchange!
More details will be shared with you shortly. Stay posted! pic.twitter.com/xZGAaoIydW
— ABCC Exchange (@ABCCExOfficial) January 10, 2019
As indicated by the TRON’s guide for developers, TRC10 is a technical standard for tokens which are supported by their native blockchain without the deployment of the TVM (TRON Virtual Machine).
Currently, TRON’s average trading volume is $209,237,871 over the last 24 hours. Nevertheless, Binance, Bithumb, Huobi, Bit-Z, Upbit and OKEx are the top market players which are contributing to the huge volume of trading to TRON cryptocurrency.
On the other side, TRC20 is a technical standard, particularly used for smart contracts that utilize tokens with the TVM machine. Also, it is fully compatible with Ethereum’s (ETH) ERC-20 standard tokens.
The announcement was brought into the light when ABCC cryptocurrency exchange hit social media revealing the partnership with TRON foundation. The cryptocurrency exchange seems as the first trading platform to list TRC10 tokens.
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.
After the announcement was made, the website of ABCC exchange pops up an unambiguous notice that shows system upgrade. As such, the platform expresses deposit, visits, withdrawals, and trades are off from 04:00 PM to 10:00 PM 15 Jan (UTC+8), resulted by the website down for users.