Blockchain App Store CoinPlay Acquired By TRON

News | March 29, 2019 By:

Blockchain startup TRON has acquired blockchain app store CoinPlay for an undisclosed amount.

TRON is dedicated to accelerating the decentralization of the Internet through blockchain technology and decentralized applications. Since its inception in 2017, the company has delivered a series of achievements, including mainnet launch on May 2018, network independence on June 2018, and TRON Virtual Machine launch on August 2018. The firm is now connecting thousands of developers across the world through its consumer-focused ecosystem based on blockchain, cryptocurrency, dApps, and peer-to-peer file sharing products, respectively TRON, Peiwo, BitTorrent and µTorrent.

CoinPlay is a blockchain application store that aims to offer the most comprehensive, suitable and updated blockchain apps. It provides one-click downloads of a variety of blockchain software and games, as well as practical guides, browser navigation, ratings, and indices of major currencies. It also provides high-quality content of the crypto industry, links to more high-quality projects and cryptocurrencies.

“TRON recently completed its MainNet upgrade v. 3.5. As a blockchain-based entertainment ecosystem, we will continue focusing on content and entertainment,” said Justin Sun, founder of TRON. “The recent acquisition of CoinPlay aims to better serve the blockchain industry. The year 2019 will be the year of exponential growth for the TRON ecosystem.”

The acquisition came after TRON announced its partnership with Tether to introduce the USDT stablecoin to the TRON blockchain.

“We believe that with a faster, more economic and concrete stablecoin payment experience, more ordinary people will start to pay attention and use DAPPs,” TRON said. “In addition, we will offer attractive incentives for early adopters, totalling the equivalent of 100 million RMB, to get existing USDT holders to transition to TRC20-based USDT and advance the potential of decentralized finance.”