Tron Launches Million-Dollar Accelerator Program

HodlX Guest Post Submit Your Post

Tron (TRX) is launching a new accelerator program designed to give developers building decentralized apps and products on the network a big boost.

Tron Foundation announced on Twitter,

“We are empowering developers by releasing #TRON Accelerator, a $1 million USD program aiming to foster innovation within the #blockchain industry. Build your DApp on #TRON, shape the future! $TRX.”

The main idea of this initiative is to support consumer adoption of the blockchain through Tron’s ecosystem.

This year, the blockchain startup has closed the deal to buy the file-sharing service BitTorrent. TechCrunch reported the price of the deal at over $130 million in cash.

In addition, Tron successfully bought other platforms such as Project Atlas and the payment service Poppy app. This means Tron’s network currently processes more than one million transactions.

Registration for the accelerator program will open in December and the winners will be announced at Tron’s internternational summit in January 2019. A total of 56 winners are expected to be chosen with the first, second and third positions to receive $200,000, $100,000 and $50,000, respectively.

TRX is currently trading at $0.018885 with a total market capitalization of over $1.2 billion.

Follow Us on Twitter Facebook Telegram

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

The post Tron Launches Million-Dollar Accelerator Program appeared first on The Daily Hodl.