Tron Includes Senior Developer from Alibaba in the Team

Tuesday, 26/12/2017 | 12:37 GMT by Arnab Shome
  • Tron token surged 1750 percent in December, becoming the 19th largest coin.
Tron Includes Senior Developer from Alibaba in the Team
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Chinese Blockchain firm Tron is aiming big with its free content entertainment platform. Today, Tron founder Justin Sun announced on Twitter that Tron welcomed another senior developer from Alibaba.

Tron is aiming to develop a worldwide free content entertainment system with blockchain and distributed storage technology. The platform will give fundamental ownership of data to the users.

Discover credible partners and premium clients in China's leading event!

As Tron’s website describes: “...aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology. The protocol allows each user to freely publish, store and own data, and in the decentralized autonomous form, decides the distribution, subscription, and push of contents and enables content creators by releasing, circulating and dealing with digital assets, thus forming a decentralized content entertainment ecosystem.”

Tron is the brainchild of Justin Sun, a 26 year old Chinese entrepreneur who has made it tono the Forbes 30 under 30 list twice. He is the former chief representative of Ripple in Greater China and CEO of Peiwo, which is the leading audio content community in China. In 2015, Justin also became the only millennial attendee of Hupan University founded by Jack Ma, Chairman of Alibaba, so he is well known as a protégé of Jack Ma.

Tron recently announced its partnership with Singapore local bike sharing operator oBike. oBike will launch its own cryptocurrency in 2018.

Tron also had a very successful ICO this September, in which it raised $70 million.

Tron’s own token TRX has encountered a huge surge in its prices recently. After its launch in September ‘17, TRX is gaining popularity and attracting investors attention. In December alone, the token surged 1750 percent as the value went up from $0.002 to the current trading value of $0.037. This also made TRX the 19th largest coin in the market with a market cap of above $2.4 billion.

Chinese Blockchain firm Tron is aiming big with its free content entertainment platform. Today, Tron founder Justin Sun announced on Twitter that Tron welcomed another senior developer from Alibaba.

Tron is aiming to develop a worldwide free content entertainment system with blockchain and distributed storage technology. The platform will give fundamental ownership of data to the users.

Discover credible partners and premium clients in China's leading event!

As Tron’s website describes: “...aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology. The protocol allows each user to freely publish, store and own data, and in the decentralized autonomous form, decides the distribution, subscription, and push of contents and enables content creators by releasing, circulating and dealing with digital assets, thus forming a decentralized content entertainment ecosystem.”

Tron is the brainchild of Justin Sun, a 26 year old Chinese entrepreneur who has made it tono the Forbes 30 under 30 list twice. He is the former chief representative of Ripple in Greater China and CEO of Peiwo, which is the leading audio content community in China. In 2015, Justin also became the only millennial attendee of Hupan University founded by Jack Ma, Chairman of Alibaba, so he is well known as a protégé of Jack Ma.

Tron recently announced its partnership with Singapore local bike sharing operator oBike. oBike will launch its own cryptocurrency in 2018.

Tron also had a very successful ICO this September, in which it raised $70 million.

Tron’s own token TRX has encountered a huge surge in its prices recently. After its launch in September ‘17, TRX is gaining popularity and attracting investors attention. In December alone, the token surged 1750 percent as the value went up from $0.002 to the current trading value of $0.037. This also made TRX the 19th largest coin in the market with a market cap of above $2.4 billion.

About the Author: Arnab Shome
Arnab Shome
  • 6425 Articles
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About the Author: Arnab Shome
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
  • 6425 Articles
  • 85 Followers

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