Huobi is the 3rd largest cryptocurrency exchange in the market right now, based on the trade volume. Besides, Tron is the 11th largest crypto in the world by market cap.
Thus, both Huobi and Tron are quite influential players to affect the current sentiment of the market. The combination of these two has something positive to bring in the crypto space.
The Bounty Program :
Huobi, the leading crypto exchange has declared that it is offering 400,000 TRX in terms of bounty. It states that the bounty amounts will be based on the amount of the number of cryptos held by the user.
Notably, the accounts will be assessed on November 25th at midnight (GMT +8). The declaration of the rollout was made via the company’s official Twitter account. The move is going to boost TRX’ expansion, undoubtedly.
The tweet reveals, “Huobi Wallet is officially supporting TRX. Download Huobi Wallet from http://bit.ly/2QUCNhZ. The bounty program is on the way.”
About TRX :
Now, TRX is trading around $0.014 in market value, following a significant decrease of 8 percent. However, since Huobi listed the cryptocurrency TRX on its platform, it has gained more popularity. Also, TRX has witnessed major consolidations, having more massive exposure on the market base with the support of the exchange Huobi.
About the Huobi Wallet :
The Wallet from Huobi is the product, built and developed by the Huobi Group. The interface used in the wallet DAM (Digital Asset Management) provides easy and secured service to the user. The wallet is available for download on Android and iOS devices. Along with TRX, Huobi’s wallet supports around a thousand cryptocurrencies such as Ethereum, Bitcoin, Bitcoin Cash, Ethereum Classic, EOS and so on, providing direct access and control to the users over their funds.
However, most of the market is indicating a downward trend. The energizing announcement from an exchange like Huobi was much awaited. With that, Huobi is in the powerful enough position to trigger the market to roar.