On June 9th, Justin Sun, the founder of TRON, announced that he, together with the Federal Reserve Bank of Wave and several well-known investment institutions, officially acquired the well-known exchange Poloniex, and at the same time launched TRON Exchange as its Chinese community brand.

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1. Justin Sun’s full ecological layout of TRON

As a star in the encryption field, Justin Sun has never missed the outlet of every blockchain such as DeFi, NFT, GameFi, and Metaverse.

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DeFi

TRON has been increasing its investment in DeFi construction, with a total investment of more than 450 million US dollars, which is used to reward DeFi ecological mining participants to expand its leading edge, adhering to the original intention of inclusive users, so that users can enjoy the dividends of ecological development. At present, the TRON DeFi project has covered more than ten fields, and SUNSwap, which was just upgraded by SUN.io and JustSwap some time ago, has become a hot product in the currency circle. Currently, TRON’s DeFi Lockup Value (TVL) has exceeded $6 billion, making it the most mainstream DeFi protocol in the industry.

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NFT

In terms of NFT, whether it is Picasso's masterpiece "Reclining Nude Wearing a Necklace" for US$20 million, Andy Warhol's "Three Self-Portraits" for US$2 million, and the Swiss national treasure surreal for more than US$78 million. From the art work "The Nose" by the socialist artist Alberto Giacometti to the top art works of Bepple, pak, etc., which rank first and second on the digital artist worth list, it still costs 10.5 million I bought my first NFT avatar for $15 million, bought a new ape avatar with $15 million TRX, and recently bought a full set (12 pieces) of digital zodiac animal head art at a price of nearly 10 million. Justin Sun proved his emphasis on the field of encrypted art with a collection with a bidding value of more than 1 billion yuan.

Since then, Justin Sun has donated most of his collections to the APENFT Foundation, which focuses on NFT and blockchain of artworks, aiming to incubate and support more high-quality NFT projects and promote the development of traditional art to digital art.

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GameFi

Metaverse

Metaverse

At the Metaverse level, TRON is also actively deploying. The TRON ecological buildings were completed in Cryptovoxels, Dreamverse and Decentraland respectively. Among them, the TRON buildings in Cryptovoxels were designed and built by MetaEstate, a well-known real estate developer in the Metaverse. Another ecological display area was established.

On January 14, 2022, TRON announced its entry into the DreamVerse metaverse and built its headquarters on a plot near the famous NBA star McGrady. Since then, the majority of sports fans and fans of the second dimension have a new carnival place.

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Wave Fed and Algorithmic Stablecoin USDD

Recently, Justin Sun established a new generation of decentralized TRON joint reserves and a decentralized super-collateralized stablecoin USDD with a double insurance mechanism, so that the "low-cost, high-efficiency" TRON DAO can be freely transferred. This is also in line with Justin Sun's previous tweet that he will "use mathematics and algorithms to achieve financial freedom".

At present, the Federal Reserve has held 10,500 BTC, 1.9 billion TRX and 240 million USDT reserves, plus the destruction of 8.29 billion TRX in the contract, the total amount is 1.37 billion US dollars to provide mortgage guarantee for 667 million US dollars USDD, the current USDD The total mortgage rate exceeds 200%. As the circulation hits a new high again and is getting closer to the 1 billion mark, Tron USDD officially ushered in an upgrade after its launch, becoming the first decentralized super-collateralized stablecoin, with a mortgage rate ranking first.

Justin Sun said: "As the leader of the stablecoin 3.0 era, the wave field USDD will further enrich its core content after upgrading the hyper-collateralization, and provide the most diversified and strong support for its own stability. The $10 billion promised by the Wave Fed The reserve plan will make USDD the highest pledged and safest decentralized stablecoin in the history of human blockchain.”

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2. Two-wheel drive, self-circulation of web3.0

At the beginning of 2022, Justin Sun officially announced the two-wheel drive plan of "public chain + exchange" at the global staff meeting.

Two-wheel drive refers to the common development of the public chain and the trading platform, and the mutual empowerment model. The public chain, as the core infrastructure of the blockchain, is a basic product with the highest difficulty, the highest threshold, and the highest technical barriers. It includes the following levels: technology, system, ecology, value form, economic model, product operation The work of a system such as , ecological construction, etc. requires a core technical team and a community-based organization. The exchange, as the core position of cryptocurrency, is a financial market that combines platform currency, wallet, DEX, mining, cross-chain, and custody.

This combination of the two has existed for a long time, and the most impressive thing is the grand occasion when the blockchain exchanges get together to launch the public chain.

The trading platform is a battleground for currency owners. From 2009 to 2022, the development process of the encryption market has undergone earth-shaking changes. From the beginning of savage growth to now almost monopolized in the hands of several giants, from the beginning of simple and direct From the collection of handling fees, to the subsequent issuance of their respective platform coins, to the subsequent IEO, and finally to "speaking with technology and ecology" - the competition for the strength of the public chain.

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3. From the public chain to the exchange, the retrograde road of fundamentalist evangelists

The tulip bubble dissipated together with the speculators, and the market returned to its true value, which must be tapped by a few people with ideals and strength.

As one of the world's three major public chains, TRON has been deeply involved in infrastructure and community ecological construction, and has made a lot of progress. The total number of global accounts has exceeded 96 million, the cumulative number of transactions has exceeded 3.3 billion, and the single-day settlement has reached five times that of Paypal.

With the support of the underlying blockchain technology advantages such as high throughput, scalability, and high reliability, TRON is at the forefront of the industry in many fields such as DeFi, NFT, stable coins, and cross-chain.

With Sun Yuchen's forward-looking and re-layout in the blockchain industry and web3.0 field, it is impossible not to know the importance of exchanges to the ecology.

Poloniex was founded in 2014 by American encryption enthusiast Tristan. It is a world-renowned old-fashioned exchange. It is known for its security and has been rated as one of the safest cryptocurrency exchanges. The highest single-day BTC transaction volume once accounted for 50% of the global market share.

At the end of 2019, Poloniex received investment from Justin Sun and officially left Circle. Under Justin Sun’s matchmaking, Poloniex and TRON have cooperated in many fields such as TRC20-USDT stable currency, DeFi decentralized finance, and TRON trading zone. Under the strategic cooperation with TRON, Poloniex's market has moved from North America to globalization. After several years of running-in, Poloniex finally broke the situation of lack of exchanges in the TRON public chain ecology and completed this territory.