As you may or may not know already, the TRON (TRX) main net is being launched on May 31st, 2018. What does this mean for TRON?
To put it simply, the launch of the TRON main net means that TRON will be eliminating its ERC20 identity and moving off of the Ethereum platform. Justin Sun, the founder of TRON, recently tweeted about this process:
Thanks for @Nasdaq. On May 31st, #TRON main net will be launched, #TRX plans to shed its ERC20 identity and migrate from the #ETH platform. It will be a serious challenge for ethereum. $TRX https://t.co/LlNqIyJNck
— Justin Sun (@justinsuntron) April 9, 2018
Some people responded with questions about why Sun bothered to drag Ethereum down, with his “serious challenge” comment. This may swing back to the recent Twitter brawl between Sun and Ethereum’s co-founder Vitalik Buterin. Overall, however, the TRON fans were united and responded positively with their excitement.
Not too long ago, the TRON test net launched. On the day of the launch, TRON’s price actually fell, although leading up to the test net, TRX had been growing. Will a similar pattern happen with the TRON main net launch? We’ll have to wait and see – only a few more weeks now!
Where is TRON (TRX) right now?
Like much of the crypto market, TRON is currently down. At the time of writing, TRX is selling for $0.035216, which puts the coin down 6.78% in the past 24 hours.
A few weeks ago, TRON had moved its way up in the crypto rankings, landing as the 10th largest cryptocurrency by market cap (which was then at $3.2 billion). Now, TRX has slid back down to the 13th spot, with a market cap of $2.3 billion. Will the TRON main net launch help to bring TRX’s market cap back up?
Are you excited about the TRON main net launch? How do you think this will affect TRX?
Featured image: koinciler