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Two New Tokens and a blockchain. TRX and USDT TRC-20!

Posted on Jul 6, 2022
Two New Tokens and a blockchain. TRX and USDT TRC-20!

A big important partnership and 3 new integrations! The Plisio team presents you 3 new integrations - the Tron blockchain, TRX cryptocurrency and the USDT token (TRC-20). 

Adding these new cryptocurrencies is not a coincidence. At the moment, these cryptocurrencies are the most popular among crypto investors. 

It means more new opportunities and clients for your business. 

Tron and TRX

Tron is a decentralized blockchain-based platform for entertainment content with the native TRX token. TRON also offers developers tools for dApps creation and launch. The platform was designed by the Chinese entrepreneur Justin Sun in 2017. 

USDT (TRC-20)
USDT is a stable coin, which means that it is pegged with the US dollar (USD) 1:1. You might ask why add USDT if we already have one? The initial USDT operates on the Ethereum blockchain (ERC-20), while the one we’ve just added operates on the Tron TRC-20 blockchain. 

The TRC-20 token standard is a technical protocol used on the TRON blockchain for the creation and implementation of smart contracts that govern the behavior of tokens. It is analogous to the ERC-20 standard on the Ethereum blockchain. The TRC-20 standard enables the issuance and management of fungible tokens within the TRON ecosystem. Here are the key features of the TRC-20 standard:

  1. Fungibility: TRC-20 tokens are fungible, meaning that each token is interchangeable with another of the same type, and they hold the same value. This allows for seamless trading and interchangeability within the TRON network.
  2. Smart Contracts: TRC-20 tokens are built on the TRON network using smart contracts. These contracts define the rules and behaviors of the tokens, such as how they can be created, transferred, and managed.
  3. Interoperability: TRC-20 tokens adhere to a common set of rules, making them compatible with various applications and services within the TRON ecosystem. This ensures that these tokens can be used seamlessly across different platforms and wallets.
  4. Decentralization: Just like other blockchain-based tokens, TRC-20 tokens are decentralized. This means that transactions involving these tokens occur directly between users without the need for intermediaries, enhancing security and transparency.
  5. Token Creation and Management: The TRC-20 standard defines functions for creating new tokens and managing existing ones. This includes functions for minting (creating new tokens), burning (destroying tokens), transferring tokens between addresses, checking balances, and more.
  6. Security and Consistency: TRC-20 tokens are designed to be secure and consistent. The standardized rules and behaviors ensure that token interactions are predictable and that users can trust the validity of transactions.
  7. DEX Support: Many decentralized exchanges (DEXs) on the TRON network support TRC-20 tokens, enabling users to trade these tokens without relying on centralized exchanges.

In summary, the TRC-20 token standard provides a common framework for the creation and management of fungible tokens on the TRON blockchain. It plays a vital role in enabling a wide range of decentralized applications and services within the TRON ecosystem.

We hope that you’re going to like the new update.

Please note that Plisio also offers you:

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