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Home De-Fi How To Add Tron [TRX] Network To Metamask?

The Tron network is an open-source, decentralized proof-of-stake blockchain founded by Justin Sun that allows smart contract functionality, similar to Ethereum.

Tron has its own native token called Tronix (TRX), which is one of the worlds top 20 cryptocurrencies, according to Coinmarketcap.

Apart from being traded on all major cryptocurrency exchanges, the TRX token is also used across its ecosystem for fees when swapping assets on dApps or sending TRC20 tokens such as USDT, collateral, or staking.

Unfortunately, no. Although it is similar to ERC-20 in terms of functionality, the TRC-20 token standard is different and incompatible with Metamask, a wallet that supports only EVM-compatible networks.

To enjoy the functionality of the Tron blockchain, like using SunSwap or other dApps, you should use an alternative compatible with the TRC20 standard, such as TronLink, a wallet available as an Android and iOS app or Google Chrome extension, just like Metamask.

If you are familiar with the Metamask wallet, using TronLink will be easy, as the two wallets have very similar features. The main difference is that TronLink is fully compatible with the Tron network ecosystem, unlike Metamask, which supports only Ethereum and other EVM (Ethereum Virtual Machine) networks.

Users can add the Binance-pegged (BEP-20) TRX version of the token, but that will be on the Binance network and wont actually add the Tron network to Metamask, meaning TRX will lose most of its functionality. Binance-pegged tokens are backed by native tokens. This lets users connect tokens to the Binance Smart Chain (BSC).

These pegged tokens can be created using the Binance bridge and have limited functionality, such as keeping the peg with native tokens, sending or receiving them on the BSC network, or swapping them on BEP-20-compatible dApps. You can always bridge pegged tokens back to native tokens.

To add the Binance-pegged TRX token to your Metamask wallet, you need to follow a few simple steps:

1. Visit https://coinmarketcap.com/currencies/tron and copy the contract address for the token (0x85eac5ac2f758618dfa09bdbe0cf174e7d574d5b).

2. Open your Metamask and make sure your wallet connects to the Binance Smart Chain network.

3. Click on import tokens in the lower section of the menu, paste the Tron BEP-20 token contract address into the field, and click on add custom token.

4.When you see the TRX logo, click the import token button to confirm the action and finish the process.

An important thing to remember when using the Binance-pegged version of the token is not to send any native TRX (TRC20) tokens directly to your Metamask BEP-20 address, as that may cause a permanent loss of funds. To bridge TRX (TRC20) tokens to Binance Smart Chain (BEP-20), you need to use its cross-chain bridge solution found here.

An alternative to bridging TRX (TRC20) tokens to pegged TRX (BEP-20) on the Binance bridge is to buy them on another cryptocurrency exchange platform that supports withdrawing TRX on the BSC BEP-20 network and have them sent to your Metmask Binance Smart Chain (BEP-20) address.

Metamask doesnt work with Tron because it has its own network and token standard (TRC20), even though it started out as an Ethereum-based token. To use the Tron decentralized ecosystem in a similar way you would do so on Metamask, you should download TronLink, one of the leading Tron-compatible wallet solutions on the market.

Although you can use the Binance-pegged TRX token on the BSC network on Metmask, once you bridge your native TRX tokens, you will lose all the security features and functionality offered by the Tron network, and you will have to put your trust in the BSC blockchain and Binance.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

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How To Add Tron [TRX] To Metamask? [What Goes & What Not] - Captain Altcoin

Arbitrum foundation announced the date for the $ARB token airdrop & DAO governance and 12.75% of community allocation to be distributed on March 23. ARB holders will vote on decisions governing Arbitrum One & Nova networks.

Arbitrum announced to launch of its much-awaited DAO governance and its native $ARB token on March 23.

Today The Arbitrum Foundation is extremely excited to announce the launch of DAO governance for the Arbitrum One and Arbitrum Nova networks, alongside the launch of $ARB. https://t.co/TB3wG0QK0v

According to the Arbitrum Foundation, the launch of $ARB marks the evolution of Arbitrum into a decentralized autonomous organization (DAO). Thus, $ARB holders will be able to decide on key decisions governing Arbitrum One and Arbitrum Nova - networks that provide faster and cheaper transactions on the Ethereum blockchain.

The total circulation of $ARB will be 10 billion. A total of 56% of those tokens will be controlled by the arbitrum community - 11.5% will be distributed to the Arbitrum community, and 1.1% will be distributed to DAOs operating in the Arbitrum ecosystem. Arbitrum DAO will control the distribution of the remaining community tokens through a treasury.

The other 44% of Arbitrum's circulation will go to Offchain Labs - the firm that built Arbitrum. All investor and team tokens are subject to a 4-year lockup, with the first unlocking happening in one year and periodic unlocking throughout the next three.

The Arbitrum Foundation and Offchain Labs worked closely with Nansen throughout the past several months to develop eligibility criteria $ARB token airdrop. They developed a point system based on various metrics of network usage.

Users of both Arbitrum One and Arbitrum Nova both received points. Moreover, early users of Arbitrum One (before Nitro) received more points. Users with three or more points are eligible for the airdrop. However, points were also deducted from users who engaged in Sybil-linked usage patterns.

You can check the point system and discover more about the eligibility criteria here.

Users who want to be part of Arbitrum's governance but do not wish to vote on-chain actively can participate passively through delegation.

Furthermore, Arbitrum included a second mechanism in the form of DAO airdrops, as a way of extending token distribution to new and infrequent users. In accordance with this, only Arbitrum projects with DAO treasuries are eligible.

Among the exceptions to the DAO airdrop was the inclusion of the Protocol Guild, an organization that represents the Ethereum core developers and contributors.

The ARB token will only be used for protocol governance, unlike ETH, which is used to pay Ethereum (and Arbitrum) fees.

The DAO governance in Arbitrum is self-executing, which means its votes will directly effect and execute on-chain decisions without the involvement of an intermediary. The voting process requires a minimum of 2137 days to pass before a proposal can be executed, ensuring users are given time to react to any changes.

Additionally, the Arbitrum Foundation established the Arbitrum Security Council, a 12-member multisig of highly regarded community members that would monitor the security of the chains and can act rapidly when a vulnerability is found. At some point, the DAO can also retire the Security Council if it decides the chain no longer needs its protection.

The Arbitrum foundation also announced the launch of Arbitrum Orbit, a platform for developers to easily and permissionlessly create their own Layer 3 (L3) blockchains. Additionally, Arbitrum Orbit L3 chains will support Arbitrum Stylus, which allows developers to build chains in C, C++, Rust, as well as Solidity.

The Arbitrum DAO will be able to authorize additional Layer 2 chains on Ethereum, regardless of whether they are governed by $ARB, ensuring full community control of Arbitrum.

The Arbitrum One platform was upgraded to Nitro in August. Moreover, a few months ago, Arbitrum announced that ten independent institutional validators had signed up to validate the platform.

The community is exited with the recent announcement.

Congrats to the team, this is huge.

You took your time but you delivered.

According to L2 Beat, Arbitrum has $3.63 billion in TVL in its Ethereum rollup network, Aribtrum One.

Arbitrum is an Ethereum layer-2 network that enables developers to build and deploy highly scalable smart contracts at low cost. You can use Arbitrum chains to do all the things you do on Ethereum use Web3 apps, deploy smart contracts, etc., but your transactions will be cheaper and faster. The flagship product for the team, Arbitrum Rollup, is an Optimistic rollup protocol that inherits Ethereum-level security.

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Binance Research Reviews February Crypto Trends: Arbitrum, Blur ... - BSC NEWS

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As a decentralized blockchain platform that boasts fast transaction speeds and low fees, Solana (SOL) has gained significant popularity among crypto investors.

However, recent events have led to concerns about SOL's ability to maintain its position in the market, while other cryptocurrencies like RenQ Finance (RENQ) are gaining momentum.

In this article, we will discuss three reasons why SOL might struggle to recover and how RENQ may take its market share.

RenQ Finance is an AI-driven DeFi platform built on the Binance Smart Chain (BSC). The platform aims to provide users with a high level of security, transparency, and speed while offering a range of financial products and services, including yield farming, staking, and lending. RenQ's native cryptocurrency, RENQ, serves as the governance token and allows users to participate in the platform's decision-making processes.

RenQ Finance has gained popularity in recent times, with several partnerships and collaborations. The platform has also completed its second presale, raising $2.35 million from investors.

Solana, on the other hand, is a high-speed, low-cost blockchain platform that aims to provide a more efficient and scalable ecosystem for developers to build on. The platform has been gaining popularity in recent months, with several high-profile projects choosing to build on it. Solana's unique features, including its fast transaction times and low fees, have made it an attractive option for developers looking to build decentralized applications (dApps).

Additionally, SOL's success is heavily reliant on the success of its dApps and projects built on the platform, which faces stiff competition from other blockchain projects.

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One of the main reasons why SOL might struggle to recover is its recent network stability issues. The network faced a significant problem in February 2022 when a forking event created multiple versions of its transaction history, hindering its functionality, including the trading of cryptocurrencies and the transfer of assets. Although the network's validators and engineers are working to identify the cause of the forking event, the lack of a clear explanation for the incident has led to concerns about the network's stability and reliability.

In contrast, RenQ Finance has not experienced any major network stability issues. This has led to a growing interest among investors in RenQ Finance as a potentially more stable and reliable investment option.

Another reason why SOL might struggle to recover is the recent market downturn. As of the time of writing, SOL is trading at around $19.21, down from its all-time high of $213 in September 2021. The market downturn has affected many cryptocurrencies, including SOL, and it remains to be seen how long it will take for the market to recover.

In contrast, RenQ Finance has been performing relatively well despite the market downturn. After completing its second presale and raising $2.35 million from investors, RenQ Finance is moving to its third stage with a price of $0.03, which is a 50% increase from its initial price of $0.02. Furthermore, RenQ Finance has passed a robust audit by Certik, making it a more trustworthy investment option for investors.

Finally, RenQ Finance has unique features and use cases that could potentially take market share away from SOL. RenQ Finance is an AI-driven DeFi platform that aims to provide users with a high level of security, transparency, and speed. The platform allows users to earn interest on their investments and provides them with access to a range of financial products and services. RENQ serves as the governance token for the platform, giving holders voting rights and the ability to shape the direction of the platform.

In contrast, SOL's unique features are primarily focused on its fast transaction speeds and low fees, which may not be enough to differentiate it from other blockchain platforms in the long run.

Click Here to Buy RenQ Finance (RENQ) Tokens.

Visit the links below for more information about RenQ Finance (RENQ):

Presale:https://renq.ioWhitepaper:https://renq.io/whitepaper.pdf

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3 reasons why Solana (SOL) might struggle to recover and RenQ ... - Cryptonews

Travenis

AMSTERDAM, THE NETHERLANDS , March 14, 2023 (GLOBE NEWSWIRE) -- Travenis is the latest addition to the Play-to-Earn gaming trend, combining blockchain technology and the popular video game, Grand Theft Auto: San Andreas. It operates on the Binance Smart Chain and offers a complete ecosystem for players to interact with each other, explore the Metaverse of Travenis, and earn rewards in cryptocurrency.

Travenis has already gained traction in the gaming community, with its fully audited smart contract and different staking options offering up to 250% APR. The game has been designed to be immersive, offering different paths for players to progress, including becoming a gang member, getting a job, joining the task force, or even gambling on the lottery.

The Metaverse of Travenis is based on Los Angeles and offers a realistic, open-world environment where players can engage in different activities. Players can choose to join one of the many gangs in Travenis, work different jobs such as delivery or taxi driver, or become a police officer. They can also join the taskforce, working together to complete missions and earn rewards.

One of the standout features of Travenis is the use of blockchain technology, allowing for seamless transactions between players and providing a decentralized gaming experience. The game's cryptocurrency, TRV, is the primary currency in Travenisand can be earned by participating in various activities within the game.

Travenis has the potential to revolutionize the gaming industry by providing new revenue streams for players. The Play-to-Earn model allows gamers to earn real money while playing games they love, opening up new opportunities for players, especially those in developing countries where gaming can be a viable source of income.

As the gaming industry continues to evolve, Travenis is leading the way by offering a unique gaming experience that combines the best of blockchain technology and video games. The game's potential for growth and expansion down the road makes it a promising addition to the world of gaming and cryptocurrency.

In conclusion, Travenis is a game that is pushing the boundaries of the gaming industry. By combining blockchain technology with Play-to-Earn gaming.

https://t.me/TravenisPortalhttp://Www.travenis.com

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Travenis: The First Play-to-Earn Metaverse Game Based on GTA San Andreas - Yahoo Finance UK

Avorak AI has recently made crypto news headlines by securing a massive $50,000 USD OTC deal with a Binance chain-focused institution. This is a significant milestone for Avorak AI and it demonstrates the recognition of the projects capabilities.

What is an OTC deal?

Over-the-counter (OTC) trading happens between two parties directly, rather than on an exchange. In an OTC deal, prices are negotiated between the two parties involved, and the trade takes place off-exchange. This type of trading is often used for larger trade sizes, as it allows for more discretion and avoids potential slippage on the exchange. When it comes to OTC trading with Binance, the parties involved are the user who initiated the trade and Binances OTC desk. This allows for a more customized and private trading experience.

What is Binance Chain?

Binance Chain is a blockchain network that enables developers and innovators to build decentralized applications, or DApps. Binance Chain was initially launched as a crypto asset exchange platform, with Binance Coin (BNB) as its native currency. However, Binance Chain and Binance Smart Chain merged to form BNB Chain, an open-source, community-driven ecosystem.

What is Avorak AI?

Avorak is an AI crypto project built on the Binance Smart Chain. Avorak uses artificial intelligence (AI), machine learning, and blockchain technology, to create a powerful and open-source platform with chatbots, trade bots and indicators, generative content modules, and so much more. All of this powered by its native token, AVRK.

AVRK can also be staked in one of its non-inflationary staking pools to earn a passive income with minimum APRs of up to 14.8%. Moreover, a portion of the revenue generated by Avorak AI is shared with all AVRK holders. The rest is used to develop and enhance the platform.

There has been even more hype around Avoraks ICO since its successful phase 1. 2Bit Crypto and Crypto Epoch, in their recent YouTube videos, discussed the potential of Avorak AI and the significant benefits that come with obtaining AVRK tokens through ICO. 1 AVRK is currently $0.105, offering investors on any level a chance to access these advanced solutions.

Avorak gains $50,000 in OTC deal. What does this mean?

Avorak AIs recent acquisition of a $50,000 OTC deal is a clear indication of the projects strong market position and competitive advantages. Avoraks focus on providing a comprehensive solution that stands out from other AI providers in the market is clearly paying off, seeing this OTC deal. The fact that Avorak is the first to market and offers a user-friendly platform with intuitive features has given it a significant edge over its competitors. Its affordability and added benefits like data backup redundancies or cloud storage solutions further reinforce its appeal to businesses and private individuals. This OTC deal is evidence of investors confidence in Avoraks potential for growth.

Conclusion

Avorak AI (AVRK) has made a significant move in the blockchain industry by securing a $50,000 USD OTC deal with the Binance (BNB) chain-focused institution. The partnership signifies the trust and recognition of AVRKs technology and its potential to revolutionize the blockchain industry. It is also indicative of the growing demand for AI cryptocurrencies and the innovative solutions they offer.

For more information on Avorak AI:

Website: https://avorak.aiWhitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/

None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.

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Avorak AI (AVRK) Secures Massive $50,000 USD OTC Deal With Binance (BNB) Chain-Focused Institution - Crypto Mode