TRX/USD gears up for growth as Tron leverages South Korean gaming market
|- Tron to leverage on the $2.34 billion South Korean gaming industry.
- Tron technology to be used to track donations and spread awareness for ALS.
Tron recently ran a successful token issue for its BitTorrent Token (BTT). The token was released to leverage the torrenting space. Moreover, Tron as an achiever on the market is already looking forward to harnessing the gaming industry following a memorandum of understanding (MoU) that was signed recently.
The MoU is reported to have been signed between Tron and the Korean Mobile Game Association (KMGA) and Korea Blockchain Contents Association (KBCCA). While the partnership is still at its early stages it is viewed as a big step for the network that only launched its blockchain mid last year.
According to the agreement, the Korean-based partners will assist Tron to find potential clients in the region. Besides, Tron has held several meetings with various gaming forms in the country. The South Korean gaming industry comes in the fourth position in the world with sales of up to $2.34 billion mainly for the local mobile-based gaming platforms.
Tron will, in turn, provide the two South Korean organizations with the technology to track donations at the same time spread the awareness for ALS, otherwise referred to as Lou Gehrig’s disease.
At press time, Tron is trading at $0.023 following a 2.92% decline in the last 24 hours. Tron sits in the 8th position on the market with a market share of $1.5 billion and a 24-hour trading volume of $130 million.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.