TRON Update: HackaTRON Season 6 Winners and Season 7 Preview, Importance of USDT on TRON in Emerging Markets!

Hello TRONics!

Welcome to this week’s edition of our newsletter. We are delighted to share several significant updates and achievements within the TRON ecosystem. Let's dive into the latest developments:

Celebrating the 6th Anniversary of TRON Independence Day! 🚀

On June 25, we celebrated TRON Independence Day. Since the mainnet launch on June 25, 2018, TRON has evolved into one of the largest decentralized open-source blockchain protocols. This remarkable progress wouldn't have been possible without the unwavering support of our dedicated community. Thank you, TRONics, for being part of every step of the journey!

HackaTRON Season 6 Winners and Season 7 Preview

The winners of HackaTRON Season 6, co-hosted by HTX DAO, BTTC, and JustLend DAO, have been announced. This season saw over a thousand participants creating innovative projects within the TRON ecosystem, culminating in a highly successful season. The prize pool of $650,000 was distributed across various tracks, including Web3, DeFi, Artistry, Integration, and Builder. The prize amounts awarded were as follows: 1st Place received $25,000, 2nd Place received $15,000, 3rd Place received $10,000, 4th Place received $8,000, and 5th Place received $6,000. For the complete list of winners and additional details, please view the full announcement here.

HackTRON Season 7 Preview

As HackaTRON Season 6 concludes, TRON DAO is gearing up for an even more dynamic Season 7, with new sponsors, judges, and co-hosts. The tracks for HackaTRON Season 7 will remain consistent with those of Season 6. See below for Season 7 key dates!

HackaTRON Season 7 Key Dates

• Jul 25 - Oct 8, 2024: HackaTRON S7 Submission Period

• Oct 9 - Oct 23, 2024: Pre-selection Period

• Oct 24 - Oct 31: Judging & Community Voting Period

• Nov 13: Qualifiers & Winners Announcement

Stay updated and get involved by following TRON DAO on X and visiting the HackaTRON official page for the latest news and participation opportunities. Get ready to integrate, innovate, and inspire with HackaTRON Season 7!

TRON on CryptoQuant: Empowering Users with Enhanced Analytics!

TRON data is now available on CryptoQuant! CryptoQuant offers expanded capabilities for both novice and seasoned blockchain enthusiasts, providing in-depth data and trends about the TRON ecosystem. Users can access a comprehensive range of metrics and analytics tools designed to deliver detailed insights into the TRON blockchain. Start exploring TRON on CryptoQuant!

TRON is #1 in P2P Transfers: Insights by Artemis!

With over 240 million accounts and leading in peer-to-peer (P2P) transfers across all blockchains, TRON empowers underserved communities globally by providing resources that support their daily lives.

According to Artemis, which classifies P2P transfers as transactions from one externally owned account (EOA) to another, TRON leads all blockchains in this metric. TRON consistently has 2-3 times the P2P transfer volume of Ethereum, indicating its significant role in facilitating payments and money transfers.

The Importance of USDT Payments on TRON in Emerging Markets by Orbital

According to a post from Orbital, a payments platform combining both traditional and blockchain rails built for global businesses, USDT payments on the TRON blockchain have become essential in emerging markets. In regions where traditional payment systems like Visa and MasterCard have minimal penetration, stablecoins provide a reliable alternative. USDT on TRON offers low fees, instant settlement, and accessibility without the need for a bank account, making it an attractive option for consumers in countries with volatile currencies and limited financial infrastructure.

The post also states that for merchants, integrating USDT payments on TRON simplifies the payment process across multiple emerging markets. This approach reduces costs, eliminates chargebacks, and ensures faster transactions. Orbital's data shows that close to 98% of their stablecoin transactions occur on the TRON blockchain, highlighting its dominance and effectiveness in these regions. Orbital concludes by stating that USDT on TRON is a crucial tool for global businesses aiming to tap into the growing market of blockchain payments in emerging economies.

Exploring Token Standards on the TRON Blockchain

On the TRON blockchain, similar to Ethereum, multiple token standards facilitate the creation of various token types, each with unique features and use cases. The main token standards on the TRON blockchain are TRC-10, TRC-20, TRC-721, and TRC-1155. These standards differ in their use cases, technical complexity, and whether they are fungible or non-fungible. To learn more, check out this X post!

That concludes our update for this week! Thank you for reading and stay tuned for further updates as we continue to navigate and shape the future of blockchain technology together.

Warm regards,

The TRON DAO Team