PVM wrote few articles about $TRX and the changes Justin Sun made on the Tron Blockchain. The last one was published on 30th of October 2023, and the one before on the 22nd of November 2021. Mind the gap!
TRX was the token first token created on the network, but my relationship with Tron was never great! I had a bag of tokens, but beside sending USDT as TRC-20 back in the days... I don't engaged too much. Justin Sun said he created the Ethereum Killer... but he was delusional!
The story so far? I thought that Tron will become better when the SUN exchange was launched, and new open-source smart contracts were implemented. The ecosystem bloomed in 2020 and a plethora of DeFi projects, such as lending, insurance, liquidity and stablecoins where launched.
I moved my $TRX from Binance and staked it all for $SUN rewards and small shares of TRX, JST, WIN, BTT and BTCST. However, I wasn't impressed so moved my stash on JustLend to make residual income.
The supply APY was 3.97%, an absolute joke. I will leave them staked in there until further notice. Meanwhile, something bad happened! My son, not Justin Sun, made me say goodbye to $TRX! He though will be funny to pour a bottle of juice on my laptop, which instantly got fried!
Tron was a cheap alternative back in the hay days of crypto, but in modern days it failed to maintain in the spotlights. I lost my interest in $TRX after my laptop stopped working, because I made a school boy error... and I didn't saved the seed phrase! Whatever!
I wasn't too affected by this, as the main action was happening on Ethereum. The Tron wallet was one of the three that I couldn't recover, along Sui Wallet and Ronin. The value of the crypto held in this wallets was low, so I let it go like Elsa!
I forgot about $TRX for few years, and didn't noticed how Justin Sun's creation defied the perpetual bear run. The price had a steady growth and even made a new All-Time High at $0.43 on the 4th of December 2024. I think it was then when something clicked in my mind!
The TRX price went from 0.0082 to much better values, which made me look back to my lost wallet. The 4280 tokens I supplied on JustLend weren't just $35 as on staking day... their value has gone 30x since then! PVM started researching!
The old laptop was still in a shelf back in Romania, because I am a clairvoyant. All Romanians are engineers, and no device is really dead for someone who knows how things work. Back in 2020 it wasn't financially efficient to try to revive the laptop, but it turned into a quest when the value of my $TRX holdings skyrocketed.
I knew a guy who knew a guy, and he had a look at my battered Lenovo. The motherboard was fried, but the hard was looking untouched by the J20 tsunami. Lots of things can be achieved with a screwdriver! The drive was moved into another Lenovo laptop and with a bit of effort... it started!
Big brains worked together and the browser was restored successfully, along the wallets installed on the device. I had to access some old paper records to find the password... and I succeeded! The wallet was restored and I was able to withdraw the $TRX from JustLend. The beauty of DeFi struck me once again!
The 4280 $TRX I staked nearly five years ago turned into 5,458 tokens, a 25% growth obtained through compounded rewards. Value wise? It went from $35 to $1,323, an mind-blowing 38x growth. The mission was accomplished and everything was sent to Binance for easier swaps! My Tron Network!
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