TRON Acquires CoinPlay, Launches 1 Million TRX Bounty

The acquisition will see all of CoinPlay’s features merged into the TRON ecosystem — potentially opening up the extensive library of TRON DApps to a much larger audience through the CoinPlay mobile app.

As it stands, CoinPlay functions as a blockchain app store, essentially allowing users to download blockchain-based games and applications directly from their mobile device. Beyond this, the app also includes guides, cryptocurrency indices, and browser-based navigation — though TRON has indicated more focus will be placed on the cryptocurrency indices in future, with the addition of multi-platform multi-currency real-time quotes and multi-platform transaction volume/transaction prices planned.

In celebration of the event, TRON has also pledged a total of one million TRX worth around $23,000 to a bounty campaign for those who download the CoinPlay app. To participate, you’ll need to scan the QR code present on the CoinPlay website, which will take you to the download page for the app on your device.

In a recent tweet, TRON founder Justin Sun remarked on the acquisition, reaffirming the long term goals of the project.

Fellow #Tronics: I'm proud to officially announce that #TRON has successfully acquired CoinPlay. From now on, @CoinPlayShop becomes part of TRON ecosystem, together with #BitTorrent, making TRON one of the largest decentralized ecosystems in the world.#TRX https://t.co/1Sufen2aVh

— H.E. Justin Sun 🍌 (@justinsuntron) March 28, 2019

This is reportedly just a step in TRON’s masterplan, which has the ambitious goal of eventually producing a truly decentralized internet infrastructure, which hopes to support world-scale decentralized applications via high throughput and the availability of the underlying blockchain technology.

TRON (But Everywhere)

This is the latest in a series of high-profile acquisitions for the company, which recently acquired global peer-to-peer file sharing protocol BitTorrent last year before spinning out a new product known as BitTorrent Live — a decentralized social media app looking to go head-to-head with Snapchat.

In other news, social multi-asset trading platform eToro recently listed TRON, allowing the platform’s more than one million traders to get to grips with the popular cryptocurrency.

Yesterday #TRON’s Total number of transactions was 5 times higher than @Ethereum. According to the latest data from @TRONSCAN_ORG, TRON reached 3,306,472 transactions when Ethereum only had 625,948(@etherscan ). For TRON, this means that more people are involved in our ecosystem! pic.twitter.com/AAAxVWJKwv

— TRON DAO (@trondao) March 28, 2019

Together, the recent torrent of announcements from the platform appears to be doing well for TRON’s adoption, with it apparently managing to achieve more than five times the daily transactions of Ethereum (ETH) yesterday while hitting over 3.3 million transactions per day — an average of 38tps.

What is your opinion on TRON (TRX)? Does it have any long term potential, or will it fail to deliver on its promises? Let us know your thoughts below!