Justin Sun Announces New Tron and Steemit Partnership in Push for Decentralized Social Networking

The Tron Foundation is expanding its ecosystem with today’s announcement of a new partnership with Steemit Inc., the largest decentralized blockchain-based social media and blogging platform.

Steemit will begin its migration to the Tron network, adding to Tron’s base of users and platforms that includes strategic partnerships with Samsung, Poloniex, Opera and DLive.

Strategic acquisitions and partnerships with platforms that deliver large userbases have positioned Tron to expand its products and services to over 20 million users, according to the company’s estimate.

Tron ecosystem

  • Live streaming – World’s Largest Blockchain-Based Live Streaming Platform Hosting PewDiePie Begins Migration to Tron
  • Smartphones – Tech Giant Samsung Now Supports Tron (TRX) on Its Blockchain Keystore App
  • Web browser – Popular Web Browser Goes Full Crypto, Adds Bitcoin (BTC) Payments and Support for Tron (TRX)
  • File sharing – Tron (TRX) Reveals Secret Crypto Project and Big Plans for BitTorrent
  • Crypto exchange – Poloniex

With the migration of Steemit, which powers a stack of blockchain-based social media platforms including YouTube alternative D.Tube, Instagram alternative APPICS and fitness Dapp Actifit, Tron’s network is poised to gain over one million users.

Old Steem tokens will be converted to new Tron-based Steem tokens.

According to the announcement,

“This partnership further empowers TRON’s title as the blockchain industry’s leader in distributed ledger technology with over 800 Dapps now in its ecosystem.”

While Ethereum remains the largest ecosystem for decentralized applications that leverage smart contracts, driving the majority of the DeFi movement, Tron has carved out its niche as the second-largest ecosystem through a mix of gaming, gambling and social media applications.

The Steemit partnership will emphasize the use of cryptocurrencies, a new accelerator program and giveaways to users who hold Tron’s native cryptocurrency TRX.

Says Ned Scott, former CEO, chairman and founder of Steemit,

“Steemit is the original conception of forums meeting cryptocurrency to achieve mass adoption — where cryptocurrency could be distributed as easily as ‘likes’ and ‘upvotes’ and this high powered distribution mechanism would bring adoption and appreciation to the currency and the social network.”  

Check Latest News Headlines




Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/sdecoret

The post Justin Sun Announces New Tron and Steemit Partnership in Push for Decentralized Social Networking appeared first on The Daily Hodl.

About the author

Leave a Reply

Your email address will not be published. Required fields are marked *