Sh*tcoin is a term that is used in the crypto-verse to describe a coin or token that is more or less worthless. The usual story is that they start off as revolutionary blockchain projects that claim to disrupt everything: banking, insurance, online identity et al. They raise funds and then the project fails and disappears into obscurity together with the value of the token or coin. Tron (TRX) was once referred to as a sh*tcoin but it has proved critics wrong with a working Mainnet, a loyal community and a bright future with BitTorrent being its golden goose.
So why is Tron (TRX) a Sh*t-coin in A Good Way?
The Tron foundation has recently announced a partnership wit MOSHROOM which is a leading portable smart toilet supplier in China. As weird as the partnership might sound, it is strategic in the sense that we have to use these facilities a few times a day. Justin Sun announced the partnership via Twitter as can be seen below:
#TRON has formed a strategic partnership with MOSHROOM, a leading portable smart toilet supplier in China. The two partners will work on blockchain technologies, especially cross-border settlement with cryptocurrencies. #TRX $TRX https://t.co/wv7kLloYqY
— Justin Sun (@justinsuntron) August 9, 2018
Investigating further about the partnership, we find that they will work on blockchain technologies, especially cross-border settlements with cryptocurrencies. MOSHROOM has a track record of innovating some of the best smart toilets out there complete with renewable energy and vending machines.
Supported by the Chinese government, MOSHROOM has placed dozens of these portable toilets in the streets of Beijing thereby making this partnership with Tron quite significant. The cooperation will allow MOSHROOM to gain technical support for mobile payments, especially on the cross-border front.
Justin Sun is quoted as saying the following with regards to the partnership:
“TRON hopes to help MOSHROOM improve bathroom experience for more ordinary people in developing countries, with a focus on cross-border payment settlement. We would like to make sure that this project continues in an effective and healthy manner with a good business model.”
The aspect of cross-border transactions was further elaborated by the founder and CEO of MOSHROOM, Cosmos Wu:
“Since currency systems vary from country to country, it’s not an easy job to popularize our portable toilets around the world. Therefore, we are happy to work with TRON, one of the best in the blockchain community, and promote our project with the help of cryptocurrency.”
TRON and MOSHROOM will first promote portable toilets in Southeast Asia and India: regions with a considerably high population. The usage and payment of the toilets will be enabled by blockchain technologies.
So there you have it, ladies and gents. TRX is now a ‘sh*t-coin’ in a good way. The cryptocurrency will be advancing public health and sanitation as well as getting into a new industry of cross-border payments. One is tempted to remember that Justin Sun once worked for Ripple before starting his own project. Therefore, there is some hidden excitement in all this and as to what the final solution will be.
Note: This article was not meant to offend any TRX HODLer and fan. The pun was just too attractive.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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