On Thursday, the TronDAO team announced via Twitter the launch of its TronDAO Reserves. According to the team, TronDAO Reserve is the first decentralized reserve in the industry and is designed to guard the broad blockchain market and industry.
TRON is a public blockchain attempting to become the core infrastructure for a decentralized internet. TRON relies on a Delegated Proof-of-Stake (DPoS) mechanism in which 27 Super Representatives rotate every 6 hours to validate blocks and transactions.
TRX is down by up more than 6% so far today and is trading at $0.06761 at press time.