Tron is on a roll. The decentralized platform has disclosed that it is planning the launch of a decentralized stablecoin.
It will be backed by both TRX and BTT. Popular “hype king” and CEO of Tron, Justin Sun, hinted at the launch via a Twitter post.
The tweet reads, “TRON community will launch a new decentralized stablecoin backed by TRX & BTT.”
Backed by TRX and BTT, the launch of this stablecoin will add more value to Tron’s network development.
Sun also asked the Tron community to suggest names for the stablecoin. He begged the question, “What’s the best name for this stablecoin?”
Twitter is on fire
In response to his tweet, the twitter community has put forward several name suggestions. In total, over 900 hundred replies were provided. A lot of critics voiced unfriendly names like Shitcoin, Garbage coin, Zerocoin etc. However, some suggested more friendly ideas like the name sTRONgcoin.
Popular twitter user Mike McCarthy suggested the name DJed. An old Egyptian symbol for stability, immutability, and permanence.
His tweet reads: “How about Djed? It’s an ancient Egyptian symbol for stability and with a deeper meaning of a firm footing, immutability and permanence.”
50 Million TRX giveaway comes to an end
The network via twitter also disclosed that Tron recently completed its 50 million TRX giveaway. All 20 Super Representatives (SR) have received their 50 million TRX. The giveaway was based on the performance of SPs on the Tron network.
Sun described the giveaway as a means of appreciating active and outstanding SRs. He also disclosed that any organization, individual or institution interested in joining the Tron network is welcome. All contributions directed towards building a stronger network and boosting development will be greatly appreciated.
The network also partnered with Poloniex.
Tron is currently trading at $0.017180, with a 3.05% price uptrend in the last 48 hours. It is also the 10th coin according to CoinMarketCap.