The hype surrounding Tron has really been impressing the market after to recent announcements by CoinSwitch, which are now supporting Tron (TRX) on its platform for purchase.
CoinSwitch is a platform created to trade cryptocurrencies across all exchanges at the best prices with support for more than 300 currencies and 45,000 pairs. Currently, it is one of the highest in the world This is another huge step in Tron’s (TRX) history and a great announcement for its
community while they wait for the main net launch.
Tron’s (TRX) Main Net countdown
There is probably no way anybody in the crypto-world will miss the main net launch scheduled on May 31st with all the hype and publicity being created by Justin Sun and his team.
The main net launch will eliminate the ERC20 network reliability. This had raised serious questions about why Justin tried to drag Ethereum down stating “serious challenge” in his earlier tweet, resulting in the massive Twitter Brawl between Sun and Vitalik Buterin, Ethereum’s Co-Founder.
What is TRON (TRX)
Tron (TRX) is an ambitious project dedicated to building the infrastructure for a truly decentralized Internet. The Tron Protocol, one of the largest blockchain based operating systems in the world, offers scalable, high availability and high-throughput support that underlies all the decentralized applications in the tron (TRX) ecosystem.
Tron (TRX) Protocol and the TVM allow anyone to develop DAPPs for themselves or their communities, with smart contracts making decentralized crowdfunding and token issuance easier than ever. Tron DAPP projects already include Peiwo, Obike, Uplive, game.com, Kitty live and Mico, with 100M+ active users from more than 100 countries and regions around the world.
As stated in its whitepaper, Tron’s goal is to create a worldwide free content entertainment ecosystem. They plan to accomplish this by cutting out the giant corporate “middle men” and putting all the profit earning potential back into the content creator’s hands.
The team behind the coin
Tron’s (TRX) team members are followers of Sir Tim Berners-Lee, who are convinced that protocol, from the moment of its invention, is an asset for human beings, rather than a profit-making tool for small groups. Hence, tron (TRX) has established the Singapore-based Tron Foundation, a nonprofit organization that mainly engages in operating the tron (TRX) network in the principles of openness, fairness and transparency and supporting tron (TRX) development team.
The Tron Foundation is set up with the approval of the Accounting and Corporate Regulatory Authority (ACRA) and under supervision and regulation of the Company Law of Singapore. It is run by the Board of Trustees or the Board of Governors formed by eligible trustees for independent management and operation, which is also independent from the government’s administration.
Justin Sun, Tron’s CEO.
The former University of Pennsylvania student is one of the most vocal crypto- founders on the platform, from hosting a one-hour livestream about the coin to announcing partnerships to announcements of a new San Francisco office to promoting a vote for the coin to be accepted by new digital exchanges. He has even engaged in a back-and- forth with the famous founder of Litecoin, one of the top four cryptocurrencies, Charlie Lee, on Twitter.
Tron’s (TRX) price has seen a steady climb during the past few weeks which is great to get everyone talking about it. During days where the market corrected Tron seemed to be impervious to these events and kept on climbing. Currently it sits around $0.09 USD having almost doubled in the last month alone, which shouldn’t be a surprise considering almost every altcoin rose greatly. I personally expect that Tron will continue this trend for at least the duration of the Mainnet Countdown but by currently sitting at #9 I don’t see it rising much further at least in market quota, for the foreseeable future.