Following his admission that he had invested in Huobi tokens, Justin Sun, founder of TRON announces the TRON and Heco merger.
TRON founder Justin Sun has declared a merger between TRON and the BitTorrent chain ecosystem with Heco after releasing how many Huobi tokens he currently possesses and his investing interest in the exchange. The developer teams from the three ecosystems would collaborate to enhance the Heco network, he noted.
In the past 24 hours, Sun has made headlines for a number of different reasons. Sun claimed in a Friday interview that the number of Huobi tokens (HT) he now owns is in the tens of millions. The price of TRON’s native token has increased as a result of Sun’s statement of a merger with Heco (TRX). The price of TRX increased by more than 4% within an hour of the news.
The Heco Chain
Heco Chain is a public, decentralized, energy-efficient chain that supports developers’ progression from one stage to another. It is compatible with smart contracts and supports high-performance transactions. Given that the Huobi token is the native token of the Heco ecosystem, the combination of Heco and the TRON network makes sense.
Following the TRON founder’s admission of his Huobi token ownership, the price of Huobi tokens shot up dramatically. As one of their main goals is to connect several chains, integration of Heco with TRON has been a long-term goal of the TRON developers.
Following the launch of the BitTorrent Chain testnet, the team declared plans to support the Heco chain. Sun further stated that the TRON network will gather money to pay for all Heco developers’ accommodations so they could work together to establish the TRON and BitTorrent chain.
Reviving Huobi exchange
Justin Sun just joined Huobi Global’s advisory board. He stated that he has intentions to relaunch the well-known cryptocurrency exchange after the announcement. He said that the strategies for rebirth will include corporate collaboration, brand improvement, and empowerment.
Sun added that the key to resurrecting the cryptocurrency exchange is strengthening Huobi’s native token. He continued by saying that the exchange advisory board would bring together all exchange fractions in order to advance the business as quickly as possible. The company has no plans to go back to China, according to the TRON founder, who makes the claim that he is speaking on behalf of the board.
It would aim to develop into a worldwide exchange instead. The execution of this revival strategy has been hastened by recent changes to the Huobi leadership position.
According to the most recent statistics, the Huobi token now trades at $7.56 after rising 1.42 percent the previous day. The same data shows that TRON (TRX) is currently trading at $0.0631, up 2.02% over the last seven days.
