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0 CommentsTRON founder Justin Sun announced a merger between the TRON network and the Heco Chain. In his words, the TRON and BitTorrent chain network will merge with developers from Heco. Sun made this announcement a day after revealing his Huobi tokens holdings. On Friday, he said that he has up to 10 million Huobi Tokens (HT).
TRON users were happy about the news, as the merge brought some increase in the price of TRON. The cryptocurrency experienced over 4% surge in price within an hour after the announcement.
Heco Chain (HECO) is touted as a high-efficiency, decentralized, and energy-saving public chain, helping developers grow at any stage. It supports high-performance transactions in the ecosystem and is also very good with smart contracts.
Developers have been working on connecting many chains, and the TRON Heco merge initiative could be regarded as a long-term effort from them. The team has already revealed that they want to support the Heco chain during the launch announcement of the BitTorrent Chain testnet in 2021. As Justin Sun claimed, the TRON ecosystem would provide funds to help the incorporation of Heco chain developers into the TRON and BitTorrent chains.
“The TRON and BitTorrent Chain ecosystem will combine with Heco chain. We will raise enough funds to incorporate Heco developers into the TRON and BitTorrent Chain,” Justin Sun tweeted regarding the plan.
Aside from the TRON-Heco merger, Justin Sun also announced that he became one of the members of Huobi Global’s advisory board. Also, he disclosed the committee’s plans to restore the lost glory of the cryptocurrency exchange in areas like business cooperation, brand upgrade, and brand empowerment.
This news followed a change in the Huobi leadership team. The company’s founder Leon Li sold his controlling stake to About Capital Management, a Hong Kong-based investment company.
As of writing, Huobi token price stands at $7.74 up 6.80% in the last 24 hours, according to CoinMarketCap, while TRON (TRX) price stands at $0.06391 up 7.21% in the last 24 hours. TRON investors and traders are still optimistic about the price pump as their analysis is now based on the fundamental news effects.
