Home De-Fi How To Add Tron [TRX] Network To Metamask?

The Tron network is an open-source, decentralized proof-of-stake blockchain founded by Justin Sun that allows smart contract functionality, similar to Ethereum.

Tron has its own native token called Tronix (TRX), which is one of the worlds top 20 cryptocurrencies, according to Coinmarketcap.

Apart from being traded on all major cryptocurrency exchanges, the TRX token is also used across its ecosystem for fees when swapping assets on dApps or sending TRC20 tokens such as USDT, collateral, or staking.

Unfortunately, no. Although it is similar to ERC-20 in terms of functionality, the TRC-20 token standard is different and incompatible with Metamask, a wallet that supports only EVM-compatible networks.

To enjoy the functionality of the Tron blockchain, like using SunSwap or other dApps, you should use an alternative compatible with the TRC20 standard, such as TronLink, a wallet available as an Android and iOS app or Google Chrome extension, just like Metamask.

If you are familiar with the Metamask wallet, using TronLink will be easy, as the two wallets have very similar features. The main difference is that TronLink is fully compatible with the Tron network ecosystem, unlike Metamask, which supports only Ethereum and other EVM (Ethereum Virtual Machine) networks.

Users can add the Binance-pegged (BEP-20) TRX version of the token, but that will be on the Binance network and wont actually add the Tron network to Metamask, meaning TRX will lose most of its functionality. Binance-pegged tokens are backed by native tokens. This lets users connect tokens to the Binance Smart Chain (BSC).

These pegged tokens can be created using the Binance bridge and have limited functionality, such as keeping the peg with native tokens, sending or receiving them on the BSC network, or swapping them on BEP-20-compatible dApps. You can always bridge pegged tokens back to native tokens.

To add the Binance-pegged TRX token to your Metamask wallet, you need to follow a few simple steps:

1. Visit https://coinmarketcap.com/currencies/tron and copy the contract address for the token (0x85eac5ac2f758618dfa09bdbe0cf174e7d574d5b).

2. Open your Metamask and make sure your wallet connects to the Binance Smart Chain network.

3. Click on import tokens in the lower section of the menu, paste the Tron BEP-20 token contract address into the field, and click on add custom token.

4.When you see the TRX logo, click the import token button to confirm the action and finish the process.

An important thing to remember when using the Binance-pegged version of the token is not to send any native TRX (TRC20) tokens directly to your Metamask BEP-20 address, as that may cause a permanent loss of funds. To bridge TRX (TRC20) tokens to Binance Smart Chain (BEP-20), you need to use its cross-chain bridge solution found here.

An alternative to bridging TRX (TRC20) tokens to pegged TRX (BEP-20) on the Binance bridge is to buy them on another cryptocurrency exchange platform that supports withdrawing TRX on the BSC BEP-20 network and have them sent to your Metmask Binance Smart Chain (BEP-20) address.

Metamask doesnt work with Tron because it has its own network and token standard (TRC20), even though it started out as an Ethereum-based token. To use the Tron decentralized ecosystem in a similar way you would do so on Metamask, you should download TronLink, one of the leading Tron-compatible wallet solutions on the market.

Although you can use the Binance-pegged TRX token on the BSC network on Metmask, once you bridge your native TRX tokens, you will lose all the security features and functionality offered by the Tron network, and you will have to put your trust in the BSC blockchain and Binance.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

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How To Add Tron [TRX] To Metamask? [What Goes & What Not] - Captain Altcoin

Avorak AI has recently made crypto news headlines by securing a massive $50,000 USD OTC deal with a Binance chain-focused institution. This is a significant milestone for Avorak AI and it demonstrates the recognition of the projects capabilities.

What is an OTC deal?

Over-the-counter (OTC) trading happens between two parties directly, rather than on an exchange. In an OTC deal, prices are negotiated between the two parties involved, and the trade takes place off-exchange. This type of trading is often used for larger trade sizes, as it allows for more discretion and avoids potential slippage on the exchange. When it comes to OTC trading with Binance, the parties involved are the user who initiated the trade and Binances OTC desk. This allows for a more customized and private trading experience.

What is Binance Chain?

Binance Chain is a blockchain network that enables developers and innovators to build decentralized applications, or DApps. Binance Chain was initially launched as a crypto asset exchange platform, with Binance Coin (BNB) as its native currency. However, Binance Chain and Binance Smart Chain merged to form BNB Chain, an open-source, community-driven ecosystem.

What is Avorak AI?

Avorak is an AI crypto project built on the Binance Smart Chain. Avorak uses artificial intelligence (AI), machine learning, and blockchain technology, to create a powerful and open-source platform with chatbots, trade bots and indicators, generative content modules, and so much more. All of this powered by its native token, AVRK.

AVRK can also be staked in one of its non-inflationary staking pools to earn a passive income with minimum APRs of up to 14.8%. Moreover, a portion of the revenue generated by Avorak AI is shared with all AVRK holders. The rest is used to develop and enhance the platform.

There has been even more hype around Avoraks ICO since its successful phase 1. 2Bit Crypto and Crypto Epoch, in their recent YouTube videos, discussed the potential of Avorak AI and the significant benefits that come with obtaining AVRK tokens through ICO. 1 AVRK is currently $0.105, offering investors on any level a chance to access these advanced solutions.

Avorak gains $50,000 in OTC deal. What does this mean?

Avorak AIs recent acquisition of a $50,000 OTC deal is a clear indication of the projects strong market position and competitive advantages. Avoraks focus on providing a comprehensive solution that stands out from other AI providers in the market is clearly paying off, seeing this OTC deal. The fact that Avorak is the first to market and offers a user-friendly platform with intuitive features has given it a significant edge over its competitors. Its affordability and added benefits like data backup redundancies or cloud storage solutions further reinforce its appeal to businesses and private individuals. This OTC deal is evidence of investors confidence in Avoraks potential for growth.

Conclusion

Avorak AI (AVRK) has made a significant move in the blockchain industry by securing a $50,000 USD OTC deal with the Binance (BNB) chain-focused institution. The partnership signifies the trust and recognition of AVRKs technology and its potential to revolutionize the blockchain industry. It is also indicative of the growing demand for AI cryptocurrencies and the innovative solutions they offer.

For more information on Avorak AI:

Website: https://avorak.aiWhitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/

None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.

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Avorak AI (AVRK) Secures Massive $50,000 USD OTC Deal With Binance (BNB) Chain-Focused Institution - Crypto Mode

From identifying new investment opportunities to gaining a deeper understanding of the crypto ecosystem, there are many perks that come with sticking with BSC News.

BNB Chain is quickly becoming one of the most popular blockchain networks for decentralized finance (DeFi) applications, and as such, investors need to stay informed about the latest news and trends related to this network.

Here are a few reasons why staying up-to-date with BSC news is so important:

As more and more projects launch on BSC, investors need to know which ones are worth their time and money. By following BSC news sources, you can stay up-to-date on new project launches and token listings, allowing you to make informed investment decisions.

As with any blockchain network, BSC is constantly evolving and changing. By staying informed about updates to the network, you can ensure that you're taking advantage of new features and optimizations that could benefit your investments.

By keeping an eye on BSC news sources, you can also stay informed about potential risks to your investments. For example, if a new project on BSC is found to be a scam or a security risk, you can take steps to protect your funds before it's too late.

BSC is home to a rapidly growing ecosystem of DeFi applications and projects. For example, you might learn about a new yield farming protocol or a promising new decentralized exchange like biticodes that you can invest in early.

Finally, staying up-to-date with BSC news can help you gain a deeper understanding of the BSC ecosystem as a whole. By following news and analysis from reputable sources, you can learn more about how BSC works, what its strengths and weaknesses are, and how it fits into the broader crypto landscape.

One great source is Bsc.news, a website dedicated to providing up-to-date news and analysis on everything related to BSC. The site covers everything from new project launches and token listings to network updates and market trends, making it a one-stop shop for all your BSC news needs.

In addition to Bsc.news, you can also follow BSC-related social media accounts, such as those run by the Binance team, to stay informed about the latest news and developments. By staying up-to-date with BSC news, you'll be better equipped to make informed investment decisions and stay ahead of the curve in the fast-paced world of cryptocurrency.

Therefore, staying informed about the latest BSC news is essential for any crypto investor looking to stay ahead of the curve. By following reliable news sources like Bsc.news, you can stay up-to-date on new projects, network updates, market trends, and more. This can help you make more informed investment decisions, identify potential risks, and discover new opportunities for growth and profit in the exciting world of crypto.

Now that we've established why it's important to stay informed about BSC news, let's talk about how you can do it. Here are a few tips to help you stay on top of the latest developments:

As mentioned earlier, Bsc.news is a great source of BSC news and analysis. Follow BSC-related social media accounts: In addition to Bsc.news, you can also follow BSC-related accounts on social media platforms like Twitter and Telegram. These accounts can be a great source of real-time updates and news, as well as community-driven insights and analysis.

By joining BSC-related communities on platforms like Reddit or Discord, you can stay informed about the latest news and developments while also connecting with like-minded individuals. Due to the global pandemic, many BSC-related events have gone virtual. Attending these events can be a great way to learn about new projects and network updates directly from the source. Keep an eye out for virtual events hosted by the Binance team or other reputable organizations.

By using these strategies, you can stay informed about the latest BSC news and trends, allowing you to make more informed investment decisions and stay ahead of the curve in the fast-paced world of crypto.

It is important for crypto investors to remember to do their own research before making any investment decisions. While staying informed about the latest news and trends can be helpful, it's also important to take the time to thoroughly investigate any project or token you're considering investing in. This includes researching the team behind the project, analyzing the project's whitepaper, and checking for any red flags or warning signs. By combining your own research with the latest BSC news and trends, you can make more informed investment decisions and minimize your risk in the volatile world of cryptocurrency.

Subscribing to Bsc.news can provide numerous benefits for BNB Chain investors. By subscribing to their newsletter, investors can receive regular updates on new project launches, token listings, network updates, and market trends. This information can help investors make informed decisions about their investments, identify potential risks, and discover new opportunities for growth and profit in the fast-paced world of crypto.

Additionally, Bsc.news provides in-depth analysis and expert insights on the BSC ecosystem, giving investors a deeper understanding of how it works, its strengths and weaknesses, and how it fits into the broader crypto landscape.

Overall, subscribing to Bsc.news can be an excellent way for investors to stay up-to-date with the latest BSC news and trends, allowing them to make more informed investment decisions and stay ahead of the curve in the ever-evolving world of cryptocurrency.

In conclusion, staying informed about the latest Binance Smart Chain (BSC) news is essential for any cryptocurrency investor who wants to stay ahead of the curve. From identifying new investment opportunities and potential risks to gaining a deeper understanding of the BSC ecosystem, keeping up with the latest news and trends is vital for making informed decisions.

Fortunately, there are several ways to stay up-to-date with BSC news, such as bookmarking Bsc.news, following BSC-related social media accounts, joining BSC-related communities, and attending virtual events.

It's also about staying engaged with the vibrant and growing community of investors, developers, and enthusiasts who are driving innovation on this exciting blockchain network. So don't hesitate to get involved and stay informed about the latest BSC news and trends.

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Top Five Decentralized Exchanges Built on Core Network - BSC NEWS

Welcome to the latest edition of Cointelegraphs Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights.

In this weeks newsletter, read about why Meta decided to wind down its nonfungible token (NFT) tools on Instagram and Facebook, and check out the metaverse greenhouse full of dynamic, breedable NFT flowers. Find out more about Binance NFTs addition of Polygon network support to its marketplace and, last but not least, Nifty News highlights the new artificial intelligence (AI) tools that can bring security and transparency to the NFT market, and why German regulators are considering a case-by-case approach to NFTs.

Tech giant and Facebook parent company, Meta, said its scrapping its NFT features across its social media platforms, Facebook and Instagram. This comes only 10 months after the integrations first launched.

Stephane Kasriel, the head of commerce and financial technologies at Meta, revealed the news in a tweet on March 13. He said the company is winding down its NFT support and will focus on other ways to support creators, people, and businesses while prioritizing monetization and connecting with fans.

Continue reading

On March 8, the Heterosis project introduced collectible, breedable and dynamic NFTs of digital flowers. After the initial mint of the NFT flower, users can look into the greater catalog of flowers available and breed flowers to create a hybrid species.

According to the projects announcement, when a new flower trait is discovered, it spreads across the entire population, just like the diversification in nature works. All flowers will be held in a metaverse greenhouse, designed as a digital rendition of Londons National Gallery.

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Binance NFT the NFT arm of the cryptocurrency exchange announced that it had added support for the Polygon network to its marketplace.

The move continues the expansion of Binances NFT ecosystem. The new integration allows Binance NFT marketplace users to trade NFTs on various blockchains, including Ethereum, BNB Smart Chain and Polygon, via their Binance accounts.

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The Federal Financial Supervisory Authority of Germany (BaFin) said its not yet ready to assign a classification to NFTs and suggests classifying them on a case-by-case basis.

The regulators said NFTs dont meet the criteria to be considered securities, though they could be in the future. However, regulators also gave the example of an NFT containing documentation of exploitation rights or ownership, like a distribution commitment, which could be considered an investment.

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Fragmentation and the lack of standardization in the NFT space have led to confusion for users between different marketplaces. Diverse collections and inconsistent pricing methods complicate transactions.

As AI and machine learning become more available, they could benefit users in the NFT space by detecting security threats, providing users with a safer and more trustworthy experience.

Continue reading

Thanks for reading this digest of the weeks most notable developments in the NFT space. Come again next Wednesday for more reports and insights into this actively evolving space.

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Meta scraps NFTs on Instagram and Facebook: Nifty Newsletter, March 814 - Cointelegraph

Ethereum is one of the most popular platforms in the world of cryptocurrency. However, several projects have emerged that are aiming to overtake Ethereum as the leading smart contract platform. These projects, which are often referred to as Ethereum Killers, aim to offer more advanced features, better scalability, and improved security compared to Ethereum.

The term Ethereum killers emerged in 2016/2017 as blockchains such as Cardano rose with the potential to compete with Ethereum. When EOS emerged in 2018, it brought forth something new fast speed and efficiency and an astonishing $4.1 billion raised in funds during the EOS Initial Coin Offering, which was the highest amount ever amassed by a single ICO offering until that time.

Today, EOS is one of the foremost competitors for Ethereums dominance of blockchain technology.

Can there be an Ethereum Killer? The short answer is yes, but its complicated. Despite Ethereum being a powerful platform, it has some major limitations in scalability and transaction fees.

As the popularity of Ethereum continues to grow, these problems become more and more pronounced, leading many developers to look for alternatives that could offer better performance than Ethereum.

Ethereum killers include projects such as EOS, Cardano, Solana, and TRON. Each of these platforms has its own unique features that outshine Ethereum. For instance, EOS has faster transaction times and higher performance than Ethereum.

The blockchain trilemma of scalability, security, and decentralization is something that Ethereum Killers will have to tackle.

The trilemma states it is impossible to optimize all three aspects on a blockchain. Ethereum Killers must prioritize one or two of the aspects and sacrifice the other (s), as there is no way to make all of them work together.

As the technology continues to grow, we can expect projects to continue emerging with the potential to overtake Ethereum as the leading smart contract platform.

It remains to be seen which project or projects will emerge victorious in this race for blockchain supremacy.

There are several factors that set Ethereum apart from its competitors, which make it the most popular smart contract platform in the world. These include:

1. CommunityEthereum has the largest and most active community in the world of cryptocurrency, with millions of users around the globe who have a passion for the project.

2. Developer SupportEthereum has a large, vibrant development community that is pushing forward advancements and innovations to improve the platforms capabilities.

3. Smart contract pioneerEthereum was the first platform to harness smart contract technology, which has revolutionized the way we run applications and opened up a world of possibilities.

4. PopularityEthereums popularity has surged in recent years, with many enterprises and startups building their applications on the platform.

5. ResilienceEthereum has shown its ability to withstand market volatility and is still one of the most valued cryptocurrencies in the world.

These factors, combined with its robust network and wide-reaching community, make Ethereum a formidable opponent for any up-and-coming challenger.

Here are some of the most prominent Ethereum Killers:

Cardano is a third-generation cryptocurrency launched by none other than Charles Hoskinson, one of Ethereums original co-founders.

Differentiating itself from its predecessors, Cardano has taken a research-intensive approach to development, allowing for detailed peer review and intensive testing prior to implementation.

With smart contract capabilities, the platform is primed and ready to become a major player in the crypto space. Whats more because of its tech stack, its believed that Cardano offers enhanced scalability compared to Ethereum. It looks like an exciting time ahead for this impressive crypto project.

Solana is a new but promising smart contract platform that has boasted impressive theoretical speeds, scalability, and low transaction costs since its launch in 2020.

While the project remained stable since its launch, the blockchain has suffered network-wide outages.

However, the incidences have not shaken investors confidence in the platforms scalability claims. This is an indicator of Solanas viability in extreme scenarios; there are few other projects can show similar elasticity amidst technical difficulties of such magnitude.

Avalanche is an impressive fresh development in the blockchain technology world. Combining three chainsX, P, and Cit has created a powerful tool that fulfills the same functions as Ethereum but much more quickly and at lower costs.

This trio of burly assassins allows for token creation, handling of smart contracts, and proof-of-stake validation all within the same system.

Avalanche is a revolutionary force in blockchain technology, allowing users to benefit from faster speeds and more cost efficiency.

Polkadot (DOT)s ability to link different blockchains together and make them communicable makes it stand out among competitors in the crypto space.

Making communications easier across blockchains means developers dont need to start from scratch when transferring value on them.

This accessibility enables investors to make more informed decisions, rather than trading on the currency itself; investors will now be able to trade on technology, its longevity, scalability, and cost savings capabilities.

Polkadot looks set to take over from Ethereum as the go-to blockchain technology, given claims it can solve scalability and cost issues.

Tezos has made a tremendous splash in the world of blockchain technology, making its mark as a major player.

Its smart contract capabilities make it a great venue for issuing projects and digital assets, and its dApp development potential puts it on the map.

With notable projects launched on Tezos in areas like fashion, music, gaming, and art, the platform shows no signs of slowing down soon. Unlike other networks which rely on proof-of-work consensus mechanisms, Tezos was one of the first to employ the more efficient proof-of-stake (PoS) system. Tezos remains at the forefront of innovation for years to come.

Binance is one of the leading cryptocurrency exchanges in the world. It has made a name for itself by introducing innovative technology and features.

One such innovation is its Binance Smart Chain, which is built on similar foundations to Ethereums blockchain but comes with extra functions more suited to advanced crypto traders.

The blockchain allows developers to connect with their audience and potential investors via the Binance trading platform. Of course, because of its centralized system, Binance has seen its fair share of criticism but it continues to be one of the most popular platforms.

Fantom is a very new and innovative smart contract platform. It uses a unique consensus mechanism, called the Lachesis Protocol, that allows for high-throughput transactions, making it one of the fastest networks available today.

The networks throughput can handle up to 10,000 transactions per second, which makes it an ideal option for decentralized applications. Fantom is also notable for its low transaction fees, allowing developers to create dApps and apps at a fraction of the cost compared to other platforms.

The platform has already seen significant success, with prominent projects such as Klaytn launching on it. Fantom looks set to remain an important player in the crypto space for years to come.

Aptos, also known as Aptos Labs, is a web3 startup focused on building a powerful layer-1 blockchain.

Far from being a new entity, developers who worked on Diem found the company, Metas prior blockchain initiative. This provides their project with an invaluable base of experience and knowledge.

To achieve their goal, the team is using elements that were developed for the former Diem chain and Move language, a unique Rust-based programming language developed by Meta. The network also implements Block-STM (parallel execution engine), to process more than 130k transactions per second with low costs for usersmaking it one of the most efficient and cost-effective projects in the space.

Algorand is one of the leading smart contract platforms available. It is famous for its scalability, security and decentralization. Unlike other networks, Algorand does not require miners for verification of transactions, which makes it a much faster network than others.

The platform also uses an innovative consensus algorithm called Pure PoS (Proof-of-Stake) which is far more energy efficient than other networks.

Algorand has seen a lot of success with projects such as Synthetix, Kava, Chainlink, and many others launching on the platform. The network continues to be one of the top contenders in the space and looks set to remain so for years to come.

There can be an Ethereum killer. Ethereum is one of the few blockchain platforms that has gained traction in the mainstream market. However, its scalability and transaction fees are becoming problematic.

For now, Ethereum will remain one of the most popular blockchain platforms in the world. But, the future is unpredictable and new projects will challenge Ethereums dominance. Only time will tell which platform will become the ultimate Ethereum killer.

Until then, we can only wait and see how it plays out.

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Ethereum Killer: How Do Projects Outshine Others for Top Spot ... - Cryptopolitan