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Tron will launch a second layer network based on Bitcoin

Justin Sun, the founder of Tron, has made an exciting announcement regarding the launch of a second-layer network that will be built on Bitcoin. This initiative aims to bring decentralization and integration of various tokens into the TRON network.

During a presentation of the network’s roadmap, Justin Sun, who is also the head of the HTX exchange, outlined three stages for the project.

The first stage involves integrating a range of tokens from the TRON network into the Bitcoin blockchain. This includes popular tokens such as USDT, TRX, BTT, JST, SUN, NFT, WIN, and USDC. At this stage, TRON DAO plans to invest in Ordinals and second-layer solutions for Bitcoin, as well as the development of a wallet and supporting tools for BRC-20.

In the second stage, Tron will collaborate with second-layer protocols based on Bitcoin. Finally, in the third stage, a network will be launched that will connect TRON, BTTC, and the first cryptocurrency network.

Additionally, Justin Sun has also revealed plans for burning 20 million HT tokens, which are estimated to be worth around $50 million. This burning process will further decentralize HT, transforming it into meme tokens.