BTC Wires

TronWatch Releases Demo Of New Decentralized Market

TronWatch, the wallet that has been built for Tron, has recently tweeted out to their followers, a demo version of its decentralized exchange, which is going to be called TronWatch Market.

TronWatch is the opensource wallet of Tron and its exchange is going to be one of the first platforms to be built on the TRON blockchain. Just hours after the TronWatch Market ICO closed, the team released the DEX demo, to allow users to try out their platform and make trades with fake coins and tokens.

The TRON Foundation appreciated the launch of the platform publicly on Twitter:

This demo release is currently running on a testnet via the use of smartcontracts. Once it reached its softcap, the developers of TronWatch Market began working on the quick launch of the demo version of the platform.

“This means that although it’s not real currency yet, what you see will function on Mainnet in the same way.”

Once the users download the demo of the decentralized exchange, they will need to create a “custom node.” The DEX will offer TRON, TRX10, and TRX20 tokens. The format for the market has been kept simple and familiar and uses limit orders. When an order is placed, the  TRON browser extension TronLink, will ask for a confirmation. According to TronWatch, the results outperform a generation 1 DEX like EtherDelta.

Tron’s blockchain has recently been in news for overtaking ethereum in terms of the daily transactions it receives. TRON’s founder Justin Sun has made big claims regarding the future of the digital currency on twitter.

TRON’s TVM was upgraded on October 12, 2018. Since then, TRON’s blockchain has 49 dApps at different stages of development and release. TRON is being accepted at a much greater rate.

This launch of the TronWatch Market is expected to further strengthen TRON’s positon in the market and give it a boost.