DeFi projects are due to be built on the TRON Network. TRON and BitTorrent are in a strategic alliance in the process of facilitating DeFi as BTT will be one of the collateral tokens.
Justin Sun tweeted: “#BitTorrent finally on #Defi! @BitTorrent reached strategic alliance w/ @DeFi_JUST to build best Defi projects on #TRON. #BTT will be one of the collateral tokens on #JUST & $JST yield farming! JUST will get 2 Billion users from $BTT! WIN WIN! More to be announced!”
For those who are not clear about too many token names like TRX, BTT and JST, a bit of clarification helps. We well know that TRON is a blockchain-based decentralized platform and that it focuses on building a free global digital content entertainment system based on the distributed storage technology permitting easy and cost-effective sharing of digital content.
JUST is a decentralized lending platform where users will be able to stake TRX using the JUST CDP portal. By staking TRX users will be able to generate USDJ. USDJ is a stable coin which is pegged to the USD at a ratio of 1:1.
In simple terms the tweet has to state that you can deposit your BTT and get a loan for it.
Sydney Ifergan, the crypto expert tweeted: “Waiting for more to happen with TRON (TRX) and the strategic partnerships in the world of DeFi.”
One of the community members stated, and just now, many are beginning to see the vision Justin. Thank you Justin, you will get the respect that is befitting someone who is building something so great, #Tron. I’m not the only one, many of us, never doubted you. Now they will begin to recognize your genius! Respect!!
Reiterating on similar facts about the BitTorrent Strategic partnership JUST tweeted: “Great news: @BitTorrent on #DeFi! Happy to announce that @BitTorrent will be a collateral token on #JUST. Welcome to the #DeFi family, @BitTorrent!”
Lot of Defi promotions happening on the TRON network. We will expect to see a breakthrough in DeFi from the TRON Network and the bunch of tokens and platforms under the TRON umbrella.
Justin Sun recently expressed his excitement over No.1 now. @DeFi_JUST #TRON #TRX $TRX.
When Sun talks, it is never only about TRON, only about BitTorrent, or only about JUST, he tends to strategically interlink them all and there is lot of cross marketing happening. This is one reason for why traffic tends to increase in all of the projects under the TRON Foundation umbrella.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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