Geneva, Switzerland--(Newsfile Corp. - April 29, 2022) - TRON has announced the allocation for the $1,111,111,111 ecosystem fund they revealed in November 2021. The fund was established to foster the growth and development of the TRON ecosystem over 10 years.
TRON Defines the Spend for its $1,111,111,111 Ecosystem Fund
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TRON has been a long-time proponent of the decentralization of the Internet via blockchain technology. Since completing full decentralization in December 2021, the TRON DAO ecosystem continues to thrive with fast speeds, high scalability, and low costs.
$600 million will be devoted to broadening the DeFi landscape by investing in a wide range of unique and innovative DeFi projects on the TRON network.
DeFi continues to be a crucial movement for the crypto space as it enables financial services to operate in an open, accessible, and transparent digital form. As a community-governed DAO, powering the future of DeFi is aligned with TRON's vision of a decentralized future. Thousands of developers worldwide are working towards advancing the DeFi industry, making strides in network security and user experience.
TRON DAO has also established the TRON Grand Hackathon to encourage the evolution of the TRON and BitTorrent Chain (BTTC) ecosystem across the Web3, NFT, GameFi, and DeFi industries. TRON spent $500,000 for Season 1 of...
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