TRON surges due to smart contract and open source release

TRON token rose 760% within 7 days following the news of partnership with Gifto and news of smart contract and source code Exodus which are to be released
18 December 2017   4940

TRON token is the currency of TRON block-based open source global digital entertainment protocol for digital entertainment. Past week was overwhelmingly successful for the token as TRON has shown the outstanding 760% price rise and for the first time has moved to the 2nd place in the list of tokens ranked by market capitalization.

coinmarketcap list of top tokensList of top tokens ranked by market capitalization

The price of the token increased from $0,007 on December 13 to $0,045 on December 18 while the market capitalization rose from $477 million to $3 billion just within 5 days, thereby moving the token to the second position in the top.

Tron charts december 2017TRON Charts

Such price rally of the token started after the news about TRON partnership with Gifto virtual-gifting platform, which was announced on December 14, in aim to leverage the technology behind TRON to allow for effective transaction facilitation.

At the moment of press, these are main market parameters of TRON:

  • Average price: $0,041
  • Marketcap: $2 719 963 274
  • 24h volume: $338 654 000

Bitfinex to List BCH' Chain Split Tokens

Bitfinex warned that support for BAB and BSV could be temporary
14 November 2018   56

The Hong Kong cryptocurrency exchange Bitfinex has listed the so-called Chain Split tokens for the two implementations of the Bitcoin Cash protocol. Bitcoin Cash hardfork is planned on 15th of November.

BAB [Bitcoin ABC client] and BSV [Bitcoin SV client] tokens will be traded in pairs with Bitcoin and the US dollar. The Token Manager tool will allow users to convert their Bitcoin Cash into one of the tokens. This process is reversible, Bitfinex emphasized. At the same time, marginal trade in tokens will be unavailable.

After snapshot of the network, the corresponding coins will be automatically converted into BAB and BSV onchain tokens, and all current Bitcoin Cash holders will receive an equivalent number of coins. However, if the user has a short BCH position at the time of the snapshot, the margin will be canceled, and the borrower, if he does not have enough tokens, will have to cover the negative balance sheets until December 31.

Bitfinex also warned that support for BAB and BSV could be temporary, and that as soon as all negative balances were covered, the exchange could delist them, allowing limited time for withdrawal.