TRON has made three exciting decisions for its ecosystem to speedily progress. Justin Sun, in an update to the crypto community, highlighted three tangible decisions capable of bringing a complete change into the TRON ecosystem and community.
Justin said the TRON’s version of Uniswap, named JUSTswap, will launch on the 17th of August, 2020.
Uniswap, a protocol existing on the Ethereum blockchain, is being used to swap ERC20 tokens without the sellers or buyers creating a sell or buy order.
The idea, invented on the Ethereum blockchain, solves decentralized liquidity issues on the network. The same manner is being employed by TRON, as Justin Sun is trying to solve the same liquidity issue on the TRC20 network.
The Uniswap idea is not in semblance with exchanges where fee is being requested, Uniswap, usually do not require any form of money and has no middlemen.
The idea was a creation of Hayden Adams who got an inspiration to make the design after Ethereum co-founder Vitalik Buterin made a post signaling the absence of such thing. TRON’s JUSTswap will take the same method to solve liquidity issues on the TRC20 network.
Of the three exciting decisions made today, Justin Sun said the USDJ and JUST yield farming will also launch on 31st August, 2020.
Justin Sun unveiled the JUST DeFi in April 2020. Formally DJed, the DeFi platform was rebranded to JUST. The project was first announced in March by founder Justin Sun.
At that time, Justin Sun said the JUST project would be TRON’s new United States’ dollar-backed stablecoin project and will be a center of focus in the TRON’s DeFi project.
Meanwhile, the official launch of TRON blockchain oracle is coming soon, Justin Sun concluded.
The TRON ecosystem has been deprived of development after the launch of TRON 4.0 until recently. What is known about the network are the myriads of innovations it showcases almost every time.
Meanwhile, in a new report by the blockchain network, the total accounts on TRON have exceeded 6.8 million, denoting that the network is a few steps away from reaching 7 million accounts milestone.
As the world gradually moves out of the lockdown, there is a high expectation that the crypto space will see huge progress.
Today, for example, Bitcoin and some other cryptocurrencies are maintaining a high pace in terms of price, and this is expected to keep on, provided countries ease lockdown.