The CEO of Tron Foundation, Justin Sun has hinted that a partnership could occur between the cryptocurrency firm and English footballing giants, Liverpool Football Club.
Tron Could Partner Liverpool FC
Tron has been one of the best performing cryptocurrencies since the start of the year, and it could continue its upward trend. According to a Twitter post by Justin Sun, the chief executive of Tron and BitTorrent, they could be exploring a partnership with Liverpool FC, a soccer giant in England.
The soccer club sent him an invitation which he describes as both unique and innovative. He explained that he is looking forward to exploring a partnership between Tron and the soccer club. In the Twitter thread, Sun added that the invitation was for an official partnership and he will provide more details to the community soon.
Tron which acquired BitTorrent has been making progress in the adoption of its cryptocurrencies and blockchain. A collaboration with Liverpool could see Tron gain more followers as the soccer club has one of the most extensive fan base in the world.
The Tron community are also eagerly anticipating more details, with excitement displayed via the comment section of the thread. Liverpool would not be the first soccer institution to venture into the cryptocurrency space.
Last year, French-based soccer club Paris Saint-Germain (PSG) announced a partnership with a Malta-based blockchain startup called Socios. The collaboration will see PSG develop its cryptocurrency, which is expected to be launched in the spring of this year.
USDT Now Live on Tron
Last week, the Tron Foundation revealed that the Tether stablecoin, USDT is now live on its blockchain. According to the official blog post, the Tron-based USDT token is an upgrade from the OMNI protocol based USDT.
The Tron-USDT now enables users to hold and transfer value via smart contracts on the Tron network. These transactions are completely free and transparent with instant delivery also assured.
Starting from April 30 to August 7, Tron said it would reward TRC20 based USDT holders with 20 million Tether tokens. It is an attractive reward that could have an annual interest rate of 20 percent, and users would pay nothing to get this reward.
The TRC20 USDT token paves the way for interoperability with TRON-based protocols and dApps. It also enables users to transfer and exchange stablecoins across the Tron blockchain.
Ledger Nano S Now Supports TRC20 Tokens
Cryptocurrency wallet supports Tron (TRX). However, the support has now been extended to tokens present on the Tron network. In a tweet by Ledger, the wallet revealed that TRC20 tokens could be stored on the Ledger Nano S wallet. Meanwhile, it could soon add support for the TRC20 USDT token.
The TronLedger desktop wallet and Ledger Nano S will enable users’ access their assets on the Tron blockchain while also keeping their private keys safe. The requirements on how to go about using the wallet were described in a post by CryptoChainBrazil.
With this latest development, Tron users can send and receive TRX, TRC10, and TRC 20 tokens on Ledger Nano S wallet.
TRX Technical Analysis
From the chart below we can notice how the price against BTC started retracing after hitting the 0.786 Fibonacci level. The TRX price broke all the levels and the 200 Moving Average, resulting in a 48% loss in the last 86 days. The RSI also shows us how the price went all the way down in the oversold area at the current moment.
We’d love to hear your views on that, please share your opinion using the comment section below.
Please take also a moment to complete our online survey, it will be just a few minutes for you, but for us, it will mean a lot and will help us to adjust and make better articles for our readers.
We are coming out with one daily news every day of the week for our loyal followers, so don’t forget to follow us on our social media channels like Twitter, Facebook and Reddit.We also have a Telegram channel where we post our daily articles.
Hassan is a cryptocurrency and stock market writer and enthusiast. The financial world has become his primary interest, with movies and books being some of his favourite pastime activities. He is an investor in many blockchain projects including Bitcoin, Stellar Lumens, Cardano, VeChain, Gifto, and Cindicator. Hassan also writes for important outlets like Blokt.com