TRON

TRON was founded by His Excellency Justin Sun in September 2017 and has achieved many outstanding achievements since the mainnet launch in May 2018. In July 2018, the TRON ecosystem completed its integration with BitTorrent, a pioneer in providing decentralized Web 3.0 services with more than 100 million monthly active users. In recent years, the TRON network has performed well. According to TRONSCAN data, as of October 2022, the total number of TRON public chain users exceeded 115 million, the number of transactions exceeded 4 billion, and the total lock-up volume (TVL) exceeded US$13.2 billion. In addition, since April 2021, the circulation of the TRON version of USDT stablecoin has surpassed that of the Ethereum version of USDT, ranking first in the world. The TRON network became fully decentralized in December 2021 and is now a community-governed Decentralized Autonomous Organization (DAO). In May 2022, TRON announced the launch of the decentralized hyper-collateralized stablecoin USDD, which is backed by the industry's first cryptocurrency central bank TRON joint reserve, marking TRON's official entry into the era of decentralized stablecoins. In October 2022, Dominica announced that TRON will be its official national-level blockchain infrastructure, and TRON has thus become the first large-scale public chain to cooperate with a sovereign country to develop blockchain infrastructure. TRON is authorized to issue Dominica’s fan token, Dominica Coin (DMC), in order to enhance the global popularity of Dominica’s natural heritage and tourist attractions. At the same time, the seven major tokens of TRON were granted the status of legal digital currency and legal tender in Dominica.