Tron (TRX) Is Now Available On The Ethereum Network

On Jun 2, 2023

Justin Sun confirmed that the TRX coin is fully accessible on the second-largest crypto network “Ethereum”.

Tron is a popular Proof-of-stake (PoS) blockchain network. This crypto blockchain was founded by crypto entrepreneur Justin Sun in Sep 2017, just a few days before China’s Crypto ICOs ban law. Justin is also known for his involvement in the Sun coin, Jst coin, BTT coin, and Wink coin. This Chinese crypto entrepreneur is also the owner of the Poloniex exchange and Huobi exchange.

On 2 June 2023, Justin Sun informed the crypto community that Tron’s native coin TRX is now fully accessible on the Ethereum blockchain network.

To bring TRX to Ethereum, the Tron project team utilised BitTorrent Bridge.

#TRON (#TRX) has now expanded its reach by going live on the #Ethereum blockchain by leveraging the #BitTorrent bridge . With the contract address 0x50327c6c5a14dcade707abad2e27eb517df87ab5, #TRX is now fully accessible within the Ethereum ecosystem.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) June 2, 2023

In late 2021, Justin announced that he stepped down from the Tron project and said that the Tron blockchain & community is now highly decentralised & will be able to run smoothly without any external guidance but still, he remains active in the crypto sector to promote the crypto projects he founded & push crypto adoption.

Last month, Justin announced that he will trade in the popular old & new meme coins and further will donate all the profit to charity.

Recently this Crypto entrepreneur said that WeChat, a popular Chinese social media messaging platform, provides real-time Bitcoin price updates, despite the crypto ban in the Mainland of China.

WeChat, a widely-used chatting app serving billions of users in China🇨🇳, just supports #Bitcoin! You can conveniently search for Bitcoin within the app and stay updated with real-time price display! pic.twitter.com/VngJJfRK9Z
— H.E. Justin Sun 孙宇晨 (@justinsuntron) June 1, 2023

WeChat, China, & Hong Kong

The WeChat platform is not limited to messaging services. A huge Chinese population uses WeChat as a payment app. The services of WeChat are available globally, including in the crypto-friendly jurisdiction of Hong Kong.

Hong Kong is a special administrative region of China but still here crypto is fully legal.

On 1 June 2023, Hong Kong regulators released new guidelines to confirm that all the regulated crypto firms are allowed to provide retail crypto trade services, which was banned over the last couple of years.

Read also: US presidential candidate Kennedy Jr says Bitcoin has an intrinsic value