Tron foundation celebrated its one-year anniversary on June 25 and the foundation celebrated it by announcing a $20 million buyback plan to promote community activity and market stability. Over the course of one year, Tron secured partnerships with 110 exchanges and 33 wallets around the world, followed by partnerships with Opera and Tether.
Justin Sun, the Chief Executive officer of Tron and BitTorrent, took this opportunity to share the achievements of Tron and the future of the foundation. He noted Tron’s statistical growth as he said:
“In just nine months the team completed 22 updates of the Tron protocol. we have 3.1 million main net addresses and the process 1.5 million transactions requests a day. “
Sun shared the credit with the 27 Super representatives who played an important role in governing the Tron community by ensuring the basic functions of block generation and bookkeeping and obtaining corresponding earnings, since the beginning.
Apart from Tron’s ecosystem, the team had launched Sun Network’s testnet in June and according to Sun, more developments are expected in its ecosystem by Q3 and Q4. By the end of 2019, he hopes to see many DApps using Sun network as their infrastructure as according to the previous announcement, it would focus on adopting customizable ways to run DApps with low energy consumption, high security, and efficiency.
Lastly while talking about Tron’s vision for the future Sun said:
“We will be founders, builders, and evangelists for a decentralized autonomous ecosystem. As a decentralized and autonomous ecosystem, Tron has already incorporated our resolution into the genesis block.”
Tron’s DApps have largely contributed to the foundation’s success, however, the token was not far behind in the market. As of June 29, Tron successfully overtook Stellar Lumens [XLM] to rest on the eleventh position on CoinMarketCap.
With changes caused due to volatility in the market, Tron was valued at $0.0334 with a market cap of $2.23 billion. The 24-hour trading volume of the coin was $960 million as it reported growth by 2.37% in the past day. In the past seven days, it notes a fall of 4.03% but recovered by a minimal 0.38% within an hour.
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