Topic: DeFi - Tron Financial Ecosystem (September 2020) (Read 418 times)

That's certainly true, mate. Most "De-Fi" projects on the TRON blockchain are simply an exact copy of those available on Ethereum. While the vast majority are a scam, there are some that are quite legitimate. What TRON needs is prominent developers working on it to provide new "De-Fi" platforms for the mainstream world to use. The blockchain may be scalable but it lacks mainstream adoption. Ethereum is still the winner in the "De-Fi" space because of its widespread use worldwide. As long as this is the case, TRON will remain as an alternative than a replacement of the Ethereum blockchain.

I'd expect new "De-Fi" projects to come up eventually on the TRON blockchain. At least, we have a much more scalable version of Uniswap on TRON dubbed "Justswap". With TRON's little to no fees and near-instant transactions, exchanging one token from another becomes a seamless task. I personally find Trontrade and Justswap to be extremely convenient for exchanging tokens without middleman. TRON's scalable design, allows these platforms to be far superior than their ETH counterparts. They can also become comparable as centralized exchanges in terms of performance. If mainstream adoption grows for "De-Fi" on TRON, expect prices to explode on the market. Otherwise, everything will remain the same. Just my opinion

All these copy-cats DEFI projects on Tron won't end well, some of them are obvious scam. The issue I have with Tron developers is that he wants to become jack of all trade, if you want to be a blockchain be one and try to be the best chain in the space, not just jump on anything in vogue. I imagine Vitalik offering Vital Defi, people will jump on it but he will lose the narrative with time

Let's be honest investing with ETH is not as bad as people make it out to be. You could basically pay about 2-3 dollars and get it done, considering it saw as high as 12 dollars that is not bad at all. And frankly if you can't pay from 2 to 10 dollar range for just investment cost, what are you even investing?

You probably shouldn't invest to begin with, we are in crypto world, we are not trying to make 3% profit and leave, we are here talking about investing into something brand new called defi that is high risk asset that could either go down and be zero or even turn out to be a scam but with an upside if it is good it could x10 and more, I rather not care about the few bucks I spend while I am investing into something so majorly risky to begin with, this is not an exchange.

The Tron shows us how fast a decentralized ecosystem should work.
The Ethereum ecosystem is now paralyzed by high fees and this frightens off many investors, because there is no point in buying tokens for $ 100-500.
Because commissions for buying and selling can be anywhere from $ 50 to $ 150.
In the coming year, we definitely do not expect Ethereum 2.0 with support for smart contracts, so the situation will not change, and Tron has every chance of luring other projects to itself.

But enthusiasts of the Tron network are still inferior to the Ethereum blockchain network, look at now that many DeFi projects have sprung up using the Ethereum network even though gas costs are out of control but there are many enthusiasts compared to the Tron network and are developers really not thinking about costs even though Tron is cheaper and faster than Ethereum?
However, DeFi's development will continue to increase and now there are several projects that use the Tron network which is a good sign also with the intense competition in the DeFi industry.

I think TRON base Defi projects is a good alternative because the Ethereum Network gas problem is out of control and also its good for the Industry to promote healthy competition between different Blockchains since Tron Network has stable transaction speed and cheaper fees I believe it's a wise choice it doesn't matter if the ideas already exist in some point for me all that matters is the reliability of the Network to confirm any transaction with minimal speed and cheaper transaction fees. 

i am not pessimistic, they have a good community, but there are no unique ideas in the ecosystem, just copying and using of Ethereum ideas into practically copied ecosystem
of course, this could be a good tactic, having in mind that Ethereum ecosystem is great one, and Tron community is a loyal one, so copying good ideas to loyal community could provide sufficient development

I have been very pessimisstic about Tron right from the start but I have to say that the creator Sun is turning it around and has implemented multiple projects and increasing the users consistently.

TRON works wonders when you do day trading due to its inexpensive fees and fast transaction settlement times. But it still has a long way to go in order to become a true rival against Ethereum. The latter blockchain may have high fees and slow transaction confirmation times, but it still dominates the smart contract industry. There are many "De-Fi" projects available on ETH that are not available on TRX.

Luckily, developers are starting to create similar projects on the TRON blockchain. I have personally enjoyed staking my TRX on the SUN pool for some nice passive income. The results have been amazing. With JustSwap and the SUN project combined, TRON could become extremely popular (hopefully) in the mainstream world. People just haven't noticed its true benefits yet. While I'm not quite fond with the higher level of centralization found within the TRON blockchain, its high TX capacity makes it pretty convenient for "De-Fi" applications. In a world where convenience matters most, TRON could take the world by storm in the future. As an investor of both TRON and Ethereum, I'll keep an eye on their on-going developments. They could make crypto land a better place by decentralizing everything. Just my opinion

https://www.binance.com/en/support/announcement/2e71a1586f0b445280024d8b4358ef62
Binance Launches New Innovation Zone and Lists SUN (SUN)

"Binance has added an Innovation Zone, a dedicated trading zone where users are able to trade new, innovative tokens that are likely to have higher volatility and pose a higher risk than other tokens.
The first new token to be listed in the Innovation Zone is SUN (SUN), and we will open trading for SUN/BTC and SUN/USDT trading pairs at 2020/09/21 2:00 PM (UTC). Users can now start depositing SUN in preparation for trading."

Many people thought that the price would start to rise, but everything went the other way
https://www.binance.com/en/trade/SUN_USDT

New projects have been launched on the site
https://sun.io/#/home

A few weeks ago, I didn't know anything about TRON, but after studying this ecosystem, I liked it. I am still disappointed with the SUN project, because there is nothing there yet but stupid farming.
Today I did arbitrage operations between exchanges and wallets, and I did it on the TRON coin. The TRON exchange rate was unchanged, and this saved me 99% of commission losses.
I paid 50 dollars for sending ETH tokens today   I'm starting to hate ETH.

It's true that Tron has faster and cheaper transactions than Ethereum itself. But this comes at a cost. And that is Tron's higher level of centralization than Ethereum. It explains why many developers are continuing to build their "De-Fi" apps on the Ethereum blockchain. I guess that high fees and slow transaction confirmation times aren't an issue if decentralization is put in mind. Still, Tron makes a great competitor to traditional smart contract platforms. If developers start building "De-Fi" apps on the Tron blockchain, people might choose TRX on top of ETH because of the low fees and near-instant transactions. Convenience is what people really want in the mainstream world. The number of "De-Fi" apps on the Tron blockchain may be low, but it could increase in the future if Ethereum continues with the high network congestion.

We now have Justswap and Definition Network on the Tron blockchain. With Tron's extremely low fees (often free), people can seamlessly swap one token to another using Justswap. Or they could participate in "De-Fi" with the Definition Network. Decentralized exchanges like Tron Trade and Poloni DEX are also convenient on the Tron blockchain. Despite all of this, Tron lacks mainstream adoption which often leaves it under the radar of many investors and traders on the market. Technically speaking, Tron is superior than Ethereum. But since it's all about decentralization and mainstream adoption, Ethereum ultimately wins. We'll have to see how the "De-Fi" industry grows over time, in order to determine if Tron will be a huge success or not. At least, the technology for scaling is there. Adopting it in the mainstream world is another story. Let's hope "De-Fi" developers migrate from ETH to the Tron blockchain for added convenience. Just my thoughts

Can someone give me the short version of why reverse pairs are not working on SSWAP right now,

For instance you can swap from USDT to TRX (or anything to TRX), but TRX to USDT always fails ?.. when is it getting fixed ?

On telegram they said this was discussed at length yesterday, but it's like 10,000's of messages, so getting a summary of the current situation would be great here...

https://twitter.com/justinsuntron/status/1305141665682739201
"(1/3) We would like to announce an Observation List of $SUN Улыбaющeecя coлнцeMining Pool Community. The observation list of SUN mining pool community serves as a reference for mining pool listing.
 
Candidates vary from TRC10/20 to non-TRC10/20 assets."

https://medium.com/@TronFoundation/observation-list-of-sun-mining-pool-community-b4133015d5bd

"The open-minded SUN mining pool community selects premium assets globally to form mining pools. Candidates vary from TRC10/20 to non-TRC10/20 assets. The SUN community will cooperate with JUST team and major exchanges to implement cross-chain bridge, bringing forth the unprecedented unity among global crypto communities. With the upcoming launch of SUN community self-governance, the community will be fully governed by users as they will vote with SUN for setting up new mining pools. SUN token will then become a transit center within the TRON DeFi ecosystem, serving as a cross-chain channel between TRON and external assets."

SUN is growing rapidly
I don't know how long this fun will last, but I bought SUN

the AMA is disappointing since Justin just copypaste whats in the whitepaper. it should reallt be a good show if he did the AMA live with a crypto influencer so that there will be more questions clarified for the DEFI platform.

WIN and BTT staking will soon follow next week? this is what i have read in the telegram. i tried 10k TRX, i'm already mining. i hope to see spikes of prices but it dips below $20.

Yeah, Uniswap accounts have dropped 75% this week and mostly from sushiswap. Everyone has run away from this project. A new trend is that users switch to a copy of uniswap called justswap. I noticed they tried to make PEARL from $ 400 to $ 6600 in a few days. Show at PEARL only accounts 900 $. I did a casino switch from Uniswap to Justswap and I find it comforting that the gas run out on the ethereum network is decreasing.

Due to scalability issues like high transaction fee the defi trend has slowed down a bit but it is good to know that now tron based projects are coming up and the other day i was also reading about cosmos based defi project which looks really good, with all these developments I am sure the trend will pick up again.

Recently, gas fees on Ethereum have decreased significantly, along with DEFI farming projects have decreased in attractiveness as well as a few projects have quickly decreased in price. The TRON network is currently smoother and has a lower cost than Ethereum. But that would also be the next dump for pumping and dumping. The casino switched from Uniswap to Justswap.

Tron copied Ethereum network to produce their smart contract platform, now they want to copy DeFi "success" on Ethereum platform and announce project on Tron network, and it is understandable that their community will take part, but doubt that it will be near that "successful" as Ethereum DeFi projects

of course, it is good to take part at the beginning, and probably skip later on, when parabolic rise start, if ever, then it will be too late

https://twitter.com/Poloniex/status/1304016529881792513
"We're excited to welcome $SUN to #Poloniex as soon as it launches tomorrow Улыбaющeecя coлнцe $SUN/USDT will be listed in our #DeFi Innovation Zone
More details on our $SUN listing coming soon"

Poloniex is owned by Justin Sun, so some fun is expected tomorrow.
Some SAN tokens can be withdrawn from sun.io