Justin Sun on Twitter announced the addition of TRX to another exchange, LBANK.info today. TRX, till the time the main net is announced, will be dependant on ERC20.
Tron’s official Twitter account, Tron Foundation mentioned in their post,
“The deposit and withdraw of #TRX and TRX/ETH will be opened on 18:00 February, 28, 2018 ( GMT+8 )”
LBANK is an exchange platform with a concentration on the Asian markets. In comparison to a lot of other Asian exchanges, LBANK offers one of the lowest trading fees at 0.10%. The exchange currently has approximately 50 tokens listed and TRX would be one of the bigger tokens listed to trade.
TRON [TRX] has been in the limelight for the past few days with his followers awaiting TRON main net’s release. It is touted to be an important update as it won’t rely on Ethereum anymore and it would open doors to faster, cheaper transactions. The network according to sources could handle more than 1000 transactions at a time which will be more than what Ethereum and Bitcoin are offering right now.
Markets still await the Main Net release as it would remove the ETH dependancy and would then according to TRON believers open doors for it to get listed on Coinbase and a few other exchanges.
Brad a Twitter follower says,
“After Tron completes their Mainnet, they will be off the ERC-20 and can look to be added to Coinbase. However that all depends on what Coinbase decides to add. Probably @RobinhoodApp first.”
Yuan Xing, a regular trader at LBANK spoke to AMBCrypto and says,
“Have been waiting for this, its a good news for LBANK. Not sure of the impact it will have for TRON but yea, sure, I’ll take it”
Replying to earlier criticisms like the one above by Twitter followers of Justin, Crypto [J.W.P.] a blockchain enthusiast says,
“Its called transparency. All part of the process and development
#TRX is undergoing. I like the way how they communicate”
Sanket Shah, another TRX supporter from Kanpur says,
“Says the guy who doesn’t even have a profile picture on his Twitter account. Stupid FUDders. This TRX trading at LBANK is great news, expect a bull run”
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Whale Alert: Massive $300 million transfer takes place on Binance Chain; funds SAFU, says CZ
Binance, one of the world’s largest cryptocurrency exchanges, has been having a wonderful year in terms of new developments, such as their new Binance DEX and the massive growth of Binance Coin [BNB]. Binance’s native token has grown by approximately 500 percent in 2019 alone.
The exchange also recently announced the launch of BTCB, with an objective to provide a crypto-asset pegged to BTC’s value for trading purposes on Binance DEX, with the assets being backed by Binance itself.
Binance’s ecosystem is progressively active and it was recently observed and reported by Whale Alert, an online cryptocurrency-transaction tracker, that a sum of approximately $302 million, equivalent to around 8 million BNB coins, was transferred on the Binance Chain.
The transaction took place of 26th January 2019, with a time stamp of 07:52:56 UTC. It was sent from an unknown address, bnb1jkvrjawcd8wlugk8455wqjggxecyxj9uf0g7uy, to another unknown wallet, bnb13wmeg7ypkcr39wnzy2q02mku2qemnrm4kclezs, for a transaction fee of 0.000375 BNB. The block height of the transaction was #15820220, and it was deemed a successful one.
Following the massive transfer, Changpeng Zhao, CEO of Binance, responded on Twitter regarding the transfer and claimed that the current movement was a rotation of funds between some cold wallets.
CZ suggested with a linked tweet that the movement of funds should not necessarily raise any alarms as the funds were SAFU.
In another tweet, CZ stated that there were currently 4 addresses that were holding 8 million BNB coins each. A total of $32 million BNB was unlocked for the Binance team. However, it was understood that the tokens were not spent and saved in the addresses themselves.
It is speculated that CZ took the initiative to list the reason for the massive transfer as previously, huge BTC transfers, which included a Coinbase wallet transfer, was accused of market manipulation.
At press time, BNB coin was priced at $37.30, experiencing a hike of 1.87 percent over the past 24 hours.
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