Tron News Today – Top Headline for Tron TRX December 2nd, 2019

  • Poloniex partnership with TRON (TRX)Poloniex deletes promotional tweet telling followers to Buy TRON

Previously, it was reported that Poloniex, e cryptocurrency exchange platform now has control over the largest decentralized exchange (DEX) on blockchain network Tron (TRX). This development was confirmed by Tron’s CEO Justin Sun, stating that Poloniex will now run the TRX market under the name Poloni DEX. This development came a month after Poloniex left the owner circle to form a new exchange that addressed regulatory issues in the United States.

In an official press release by Poloniex, it stated that “To maintain the development of TRXMarket over the long term, the team has accepted an acquisition offer from Poloniex and will rebrand with the new name Poloni DEX, becoming a decentralized exchange under Poloniex. The official website has now changed to poloniex.org.” TRX Market functions as a non-custodial exchange that does not require users to store funds in a centralized wallet.

Recently, the attention of users of Twitter was drawn to a deleted tweet by a Twitter bot, where the cryptocurrency exchange Poloniex toll all its followers to buy TRON (TRX). Shockingly, the tweet was deleted 28 minutes after being up.

Poloniex deletes promotional tweet telling followers to Buy TRON

The acquisition in the previous month by Justin Sun can be said to be slowly but surely the takeover of Poloniex has seen the platform promoting Tron (TRX) on its Twitter page. In what seems like a promotional move from the exchange platform, a tweet from the page read, “Let’s buy #TRON.” The promotional and endorsement tweet was quickly deleted some minutes after posting.

TRON (TRX) Price Today – TRX / USD

NamePrice
bitcoin
Bitcoin
$7,190.56-0.67%
tron
TRON
$0.014-0.46%

Luckily before the tweet was deleted, @CryptoDeleted already screenshotted the tweet. There are so many speculations going around as to what could have prompted the tweet and why was it deleted. Many users are deducing the tweet as Poloniex hitting rock bottom. The exchange platform went from being acquired by Goldman Sachs-backed Circle in 2018 to shilling one of the most scandalous cryptocurrencies in the whole industry. Some prominent analysts have stated that it is a fall from grace from Poloniex’s previous height in 2017.

There have been speculations, which have to some extent been confirmed by TRON founder Justin Sun planning to acquire Polonies. During a live stream Q&A session held by Poloniex with Justin Sun last month. A partnership between TRON and Poloniex was announced, with prospects of some additional changes in the future. So far, both parties have been mute on this deal. According to Poloniex, it expects to rebrand to Polo Digital Assets in 2020.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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