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Tron Weekly Report: Team announces BTT airdrop date; verifies TRC20-USDT query on Shasta

Namrata Shukla

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Tron Weekly Report: Team announces BTT airdrop date; verifies TRC20-USDT query on Shasta
Source: Pixabay

Tron Foundation has been working towards the development of Tron’s ecosystem for a long time. Tron’s weekly report informed the community that the Foundation is currently testing a deferred transaction, along with developing an anonymous transaction for the wallet. It also highlighted that the team is testing the latest version of the solidity compiler.

Tron’s team also successfully enhanced the success rate of transaction broadcast and improved documents in multi-signature. As for the developer’s community, it informed that the TRC20-USDT query was verified on Shasta, a private test network, for Block parser. In last week’s report, it was noted that the devs had started working on version 1 of the BitTorrent File System [BTFS]. This week, the devs created smart contract integration demonstration and MVP [Minimum viable product] DApp using TronWeb API library and Tron Link.

The devs also created an outline of Hash Gallery DApp. The team announced the conclusion of the USDT-Tron -Tron USDT audit and scored 93/100. The report also informed the community about the BTT airdrop taking place on November 4. Apart from the airdrop, the report stated that the newly launched token was listed on 42 exchanges and BitAsset will soon list BTT on its digital trading platform.



Tron, the eleventh largest coin on CoinMarketCap, noted a 2.43% growth after being attacked by the bear. The cryptocurrency was valued at $0.0271 with a market cap of $1.81 billion. The 24-hour trading volume of the coin was noted to be $357.07 million, and it plunged by 7.73% over seven days.

OKEx traded highly in Tron via the TRX/USDT pair, noting a volume of $42 million. HitBTC took the second spot and the third place, noting high trade volumes via TRX/USDT and TRX/BTC pairs. TRX/USDT recorded $39 million in volume, while TRX/BTC noted $28 million in volume.





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Altcoins

Binance Chain’s first project Mithril to launch with MITH/USDT trading pair

Namrata Shukla

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Binance Chain's adds Mithril as its first project followed by MITH/USDT trading pair
Source: Pixabay

Binance launched its blockchain protocol on April 18 and it already has its first project launch on its network. Mithril, a decentralized social media platform will migrate to Binance Chain. The company’s MITH token, that ranks 121st on CoinMarketCap will transfer from ERC20 to Binance’s BEP2 standard.

Binance Chain has been a highly anticipated project in the crypto world since its announcement and with its launch, the community provided ample support to the move. According to reports, Binance is luring companies into migrating to their new native chain and leave Ethereum.

According to Mithril’s blog post, the migration commenced after the mainnet launch of the Binance Chain and informed the MITH holders that the deposit and withdrawals on Binance.com will be halted for the initial 12-hour migration period, however, trading will continue. The post added:



“Once the initial migration of ERC20-based MITH to BEP2 MITH is complete, Binance users will be able to withdraw MITH to BEP2 wallets, such as the Ledger Nano S, and begin trading on Binance DEX. ERC20 versions of MITH held in private ETH wallets or on other exchanges will not be impacted.”

As Mithril announced about its migration to Binance chain, the price of MITH, Mithril’s native coin saw a surge. The coin also saw a 70% hike,  followed by a market correction. At press time, MITH was valued at $0.0782 with a market cap of $40 million. The 24-hour trading volume of the coin was $108 million as it pumped by 67.10% over the past day. In the past seven days, the coin noted a surge of a massive 81.47%, which started to dip by 0.84% over the past hour.

Following the addition of the project, Binance announced the listing of MITH/USDT trading pair, which will start trading on April 19, 10 AM UTC.





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