TRON announced that they have allocated $1,111.111.111 to the ecosystem fund in November 2021. It was created to encourage the development and growth of TRON’s ecosystem for 10 years.

TRON has long been an advocate for decentralization via blockchain technology. TRON DAO continues to flourish since December 2021 when it achieved full decentralization. It has a fast speed, low cost, and high scalability. The TRON DAO ecosystem has a record-setting performance, with over 89,000,000 users using the blockchain and more than $3 billion of total transactions (TVL) as of April 28, 2022.

Sun V2.0 (with $24.899m in liquidity mining rewards) and JustLend are the initial recipients of this ecosystem fund. An additional $150 million will go to mining and stake reward through other ecosystem competitive protocols. The remaining $600million will go towards expanding the DeFi ecosystem by investing in unique, innovative DeFi projects via the TRON network.

DeFi remains a pivotal movement in crypto, enabling financial services to work in an open, transparent, and accessible digital form. As a community-governed DAO, powering the future of DeFi is aligned with TRON’s vision of a decentralized future. DeFi is advancing worldwide thanks to the efforts of thousands of developers, who are making great strides in security and user-experience.

TRON DAO also created the TRON Grand hackathon in order to promote the development of TRON and BitTorrent Chains (BTTC) across all industries, including the Web3, GameFi and NFT. TRON paid $500,000 to host Season 1 and allocated $1 Million for Season 2. In the months ahead, more details will become public.

Compatible with EVM. BTTC allows for seamless asset transfers across major public chains including TRON and BNB Chain. BTTC is a DeFi platform that acts as a bridge between industry-leading DeFi platforms, increases asset liquidity by billions, and provides value to end-users. BTTC features include confirmations within 3 seconds and transactions at up to 7,000 transaction per second (transactions per sec).

Most recently, a brand new algorithmic stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.

TRON DAO – Information

TRON is dedicated in accelerating decentralization via the Internet using blockchain technology, decentralized applications (dApps), and other technologies. H.E. Justin Sun has been a key figure in the TRON network’s impressive accomplishments since MainNet launched in May 2018. BitTorrent was integrated into the ecosystem in July 2018. BitTorrent is a leader in distributed Web3 services with over 100,000,000 monthly active users. In recent years, the TRON network gained immense popularity. It has more than 89 million user accounts, more that 3.1 billion transactions and $8 billion of total value locked (TVL) as of April 2022. TRON has the highest circulating USD stablecoin supply in the world, exceeding USDT’s Ethereum over the past year. TRON, now a community-governed Dao (DAO), has completed decentralization in December 2021. Most recently, the algorithmic stablecoin USDD was announced on the TRON blockchain, backed by the TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.

Website: https://tron.network/Telegram: https://t.me/tronnetworkENMedium: https://medium.com/tron-foundationTwitter: https://twitter.com/TronfoundationYoutube: https://www.youtube.com/c/TRONDAOofficial

Media Contact

Anjali Georgesupport@trondao.org

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