Justin Sun, an influential crypto entrepreneur and founder of BitTorrent and Tron, has recently announced funding support up to $1 million and a prioritized listing of meme coins on leading exchanges like Huobi Global and Poloniex. As a part of his interest in increasing the adoption of Tron, Sun is encouraging meme coin developers to join the Tron and BitTorrent networks in order to receive funding support for their trading fees as well as a chance for their meme coins to be listed onto big exchanges.

Sun formed a partnership between Tron and BitTorrent and Huobi Global to launch a Memeverse Carnival and supporting the development and ecological development of memecoins. Upon the achievement of an on-chain trading volume of $1 million for the setting, meme token issuers will be fully refunded of trading fees, and the TronDAO Ecosystem Fund will provide a Memeverse Fund worth of 20 million TRX ($1.36 million) to award popular meme token projects.

The prime feature of this fund will be to help meme tokens looking to gain traction, bring in experiences developers, tokenization of artwork, and fostering the community. For the meme token holders, they will benefit from the appreciation of their tokens, which would come from the constant inflow of users and other related activities. For the exchanges, they will get rewards in the form of listing fees and trading volume.

This move could potentially bring more attention to the Tron network, increase the value of Tron-based meme tokens for investors, provide incentives for developers to switch networks, and potentially translate into more trading volumes. It also allows investors to maintain control over the meme coins and empower them to influence the ecosystem and associated tokens.



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