Tron Listing announced on Indonesia’s Largest Exchange

Tron has recently made an announcement about the trading start on Indonesia’s largest cryptocurrency exchange platform - Indodax
06 June 2018   1000

Justin Sun (Tron founder and CEO) reaffirmed that presently the company might produce Transactions Per Second (TPS) with the speeds of 2000 TPS. The official announcement also claimed that from June 4 the TRX/ Rupiah trading pair is available on Indodax. Indodax announcement declared that Tron had been chosen to be listed due to the token (TRX) being in the top 50 of CoinMarketCap. 

It does not need to go through a community coin voting process. This is consistent with our mission to always add quality digital assets at
Indodax announcement at Finance Magnates

The listing of Tron on the major Indonesian exchange platform was also mentioned on  Twitter by Justin Sun. He reported that deposits begins from June 4th 2018 at 8:00 WIB while trading with Rupiah will be available from June 5th 2018 at 15:00 WIB.

Indodax, the major Indonesian exchange, was founded in 2013. Primarily it was known as Bitcoin Indonesia. Last month the firm was renamed to Indodax. The exchange operates about $20 million in cryptocurrency trading every day. According to the forecasts of crypto sphere experts, the exchanger is to overtake Indonesia’s primary stock exchange in terms of users by the end of this year.

As for Tron, Indonesia is a very significant market due to the number of population in the country that is presently estimated to be over 261 million citizens. At the same time the use of cryptocurrency is forbidden in the country, but trading and mining are  still staying legal.

Binance to Freeze 12B TRX

12 000 000 000 Tron tokens are the 1/6 of the total circulation
01 October 2019   140

Binance cryptocurrency exchange froze over 12 billion TRX tokens and, having voted for them, came out on top in the list of 27 Tron super-representatives (block manufacturers). It is reported by UToday.

Binance’s voices are believed to have provided user funds that are stored on its staking platform.

The head of the BeatzCoin project (now in third place on the list) Misha Lederman noted that the exchange froze ⅙ of the total volume of TRX in circulation. In his opinion, such a reduction in the supply of coins in the market will strengthen their price.

Binance's sudden entry somewhat disrupts the SR voting system that has been in place since the beginning of the TRON SR voting process that truly began on July 25, 2018. By buying 12 billion votes, freezing them, and voting for themselves, they might be setting a precedent for other large exchanges to follow. However, bringing major players like Binance into the TRON ecosystem will likely also bring closer cooperation between working products built on TRON such as and TronWallet.Me with Binance and other major exchanges likely to make similar moves like Binance just did.

Misha Lederman

Head, BeatzCoin

At the same time, Lederman noted that this Binance move violates the established system of voting in the network. The exchange received 59.2% of the vote, the next in the list of block producer, Sesameseed, only 2.57%, BeatzCoin - 2.27%.