1inch partners with TRON for JustSwap and Mooniswap integration
We’re thrilled to announce a partnership with TRON, one of the world’s most popular blockchains.
Under the partnership deal, 1inch will fully integrate with JustSwap, TRON’s decentralized trading protocol for automated liquidity provision, and our AMM, Mooniswap, will integrate into TRON’s blockchain.
“Thanks to the partnership, Mooniswap and 1inch users will enjoy the best-in-class advantages that come standard with TRON’s blockchain,” said Sergej Kunz, co-founder of 1inch Network. “These include faster, cheaper service, high-throughput scalability, huge developer community and a massive social media following.”
Support of the TRON blockchain in 1inch will enable 1inch users to get the best rates for TRON assets.
Meanwhile, the addition of Mooniswap to the TRON blockchain will help improve TRON’s DeFi ecosystem, contributing to the overall growth of DeFi space on TRON.
In turn, liquidity providers on the TRON blockchain will benefit from Mooniswap’s “virtual balances”, which slow down price changes, preventing arbitrage traders from earning up to 100% of the swap slippages and therefore dramatically increasing liquidity providers’ earnings.
Thanks to Mooniswap, TRON’s regular users will get an extra level of protection from front running attacks.
TRON expects that the partnership will improve JustSwap’s access to a greater audience, enhance its price accuracy and enable it to speed up its growth. Since the launch of the JustSwap platform last month, it has achieved a $100 mln 24-hour volume.
TRON also plans to reward liquidity providers on Mooniswap with TRON tokens as an additional incentive and reward.
TRON was founded in September 2017 by Justin Sun. TRON’s mainnet was launched in May 2018, followed by network independence the following month and the TRON Virtual Machine release in August 2018. July 2018 also marked the acquisition of BitTorrent, a pioneer in decentralized services boasting approximately 100 mln monthly active users.