Screenshot from https://tron.network
The Main Net Launch
Tron is set to launch its main net on May 31st, meaning its ERC20 tokens (TRX) will be turned into TRX tokens for the Tron blockchain. As a token holder, all you need to do is hold current TRX tokens on any supported exchange, and the rest will be taken care of seamlessly.
Notable Supported Exchanges
- Bittrex, ranked 21st on coinmarketcap.com with a daily trade volume of $76.575 Million.
- Bitfinex, ranked 4th on coinmarketcap.com with a daily trade volume of $356.9 Million.
- Gate.io, ranked 15th on coinmarketcap.com with a daily trade volume of $95.582 Million
- Binance, ranked 2nd on coinmarketcap.com with a daily trade volume of $1.09 Billion.
- Coinrail, ranked 86th on coinmarketcap.com with a daily trade volume of $3.01 Million
- Coinnest, ranked 98th on coinmarketcap.com with a daily trade volume of $1.7 Million
- Zebpay, ranked 88th on coinmarketcap.com with a daily trade volume of $2.7 Million.
- RightBTC, ranked 25th on coinmarketcap.com with a daily trade volume of $53.74 Million.
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Main Net Version of TRX Advantages
The Tron blockchain has a set of great advantages over competing infrastructures. Below are highlighted some of the major differences that most people can understand.
Network Transaction Fees
Mainnet transactions fees haven’t been officially confirmed, but it is projected to cost no more than 0.00005 USD per transaction.
$1 / 0.00005 = 20000 Transactions for $1 Dollar USD
That’s pretty good.
Faster Transaction speeds
Tron’s new blockchain will support a thousand transactions per second, compared to Ethereums reported 15 transactions per second.
Arguably this can attract blockchain technology developers to use the Tron blockchain for faster and cheaper solutions. Bringing volume and demand to the market and thus increasing price and creating a reliable eco-system.
Smart Contracts Use Java
Tron’s Smart Contracts will use Java-Tron, a Java implementation of the Tron Protocol. Meaning developers will not need to learn specialized languages like for EOS, Ethereum, and Stellar developers.
This will increase the simplicity of developing Tron based DAPPs (decentralized applications), thus increasing the number of developers adopting the Tron blockchain.
The Feared Dump
Most traders are concerned about a potential dump after the Tron main net launch, as most traders will most likely sell the results of all this hype to make a quick profit, and then buy again when the price drops.
So if you do invest in Tron (TRX) before the main net launch then be mindful and alert to the market after the event.
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