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Tron Mainnet is Now Supported by imToken Wallet, Justin Sun Plans to Launch Privacy Coins

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Mon, 01/06/2020 - 15:38
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Yuri Molchan
Tron has found a new partner right after the recent purchase of the DLive streaming app; meanwhile, Justin Sun promises to launch Tron-based privacy coins
Tron Mainnet is Now Supported by imToken Wallet, Justin Sun Plans to Launch Privacy Coins
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Not much time has passed since the Tron chief Justin Sun announced the acquisition of the DLive app and wrote that it would begin migrating to the Tron network. Now, the CEO of the company has more news to share.

Tron was added to imToken wallet

Sun tweets that the imToken wallet now supports the Tron mainnet and allows its customers to hold all Tron-based coins (TRC10 and TRC20 standards), as well as TRX, on it.

Apart from Tron, the imToken wallet now also works with such coins as Litecoin (LTC), Bitcoin Cash (BCH) and NERVOS. This has turned the wallet into a multi-chain platform, since now it supports eight coins.

At the end of 2019, Tron with its native coin TRX, as well as all Tron-based tokens, was added by McAfeeDEX.

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Tron-based privacy coins

In a recent tweet, Tron’s chief executive Justin Sun spread the word that Tron is about to launch some privacy coins. Justin Sun asked the community for ideas regarding future names. No serious ones have emerged in the comment thread so far, though.

During the recent live stream, Justin Sun stated that the Tron team does not plan to sell any of the 33 bln TRX they hold in order not to push the coin’s price down.

Besides, the company still plans to initiate a buy-back plan for TRX in order to reduce the circulating amount of these tokens. Justin Sun said Tron is doing it since he believes that TRX is underrated.

 

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.