TRON (TRX) merges with Heco and revolutionizes blockchain ecosystem
Justin Sun announced the merger of TRON and Heco after publicizing his investment in Huobi tokens.
The Huobi stock exchange, on whose advisory board Sun now also sits, is to be revived.
After disclosing the amount of Huobi tokens he owns and his investment interest in the exchange, TRON CEO Sun has announced a merger between TRON and the BitTorrent ecosystem with Heco. The development teams should work together to improve the Heco network.
In an interview last Friday, Sun said its current Huobi tokens (HT) are in the tens of millions. Sun’s announcement of the merger with Heco has had a positive impact on the price of TRON’s native token (TRX). Within an hour of the announcement, TRX’s price surged more than 4%.
The Heco Chain
The Heco-Chain is a decentralized, energy-efficient and effective public blockchain. Not only does it support fast transactions, but it is also compatible with smart contracts. The merger of Heco with the TRON network is a logical development as the Huobi token is the native token of the Heco ecosystem.
The Huobi price rose massively after TRON founder Sun disclosed his Huobi token holdings. The integration of Heco with TRON was a long-term goal of the TRON developers, since connecting as many chains as possible is one of their main goals.
In 2021, the team announced that they wanted to support the Heco chain after the BitTorrent chain test network was launched. Sun added that the TRON network will provide the means to host all Heco developers to build the TRON and BitTorrent chain together.
Revival of the Huobi exchange
Justin Sun recently became a member of the Advisory Board of Huobi global. He has plans to revitalize the crypto exchange and strengthening the Huobi token is key. The Exchange Advisory Board now unites all factions within the exchange and is intended to advance the company in the shortest possible time. Justin Sun has since ruled out the company returning to China.
Instead, they now want to become a global stock exchange. The recent changes in Huobi’s leadership illustrate the fresh start.
The latest data shows that the price of the Huobi token has increased by 1.42% in the last 24 hours and is now at $7.56. TRON (TRX) is up 2.02% over the same period and is trading at $0.0631.
