The company known as Peiwo Hunale Technology Co. is a highly popularized company for introducing several large apps into the Chinese tech market. The company also happens to be one of the partners to the company that released the coin in the cryptocurrency world known as Tron. This has helped to grow the coin significantly in a market that can often be harsh to these types of currencies. The National High-tech Enterprise is a government initiative in China to help promote the growth of various high-tech enterprises for the economic benefit of the state.
Recognition from this company has been extremely exclusive given the stringent regulation by the country overall. Companies that are all to qualify benefit from tax relief, preferential staffing policies and the help of funding for research endeavors. This recognition is fantastic for the coin, which helps to mark a major milestone for the Tron initiative. Users of the coin have been eager to gain such a recognition, so it is quite a large deal now that it has come to fruition. We must be clear in emphasizing that this is not a recognition of cryptocurrency itself, but rather a recognition of the underlying company that produces this coin.
TRON is a relatively new network in the cryptocurrency space that got off to quite a rocky start at first. When the company first released its coin, it happened to be around the same time that China put in place the massive amount of restrictions for initial coin offerings back in February. The hopes are high that this coin can continue to reach barriers outside of the country, offering investors a new way at investing in currency that has never before been seen in a market that is often closed off to most.