Tron has launched an airdrop for the Ethereum network community; the digital asset is still being tested and will be distributed to the Ethereum users soon. The TRX tokens airdrop will introduce 30M TRX project and show the advantages that people using the Ethereum network will get from the project.
If we recall, the Ethereum community has been very supportive to TRON during the ERC20 phase, and the company wishes to show their appreciation to the users by airdropping 30M TRX to them.
#TRON wouldn’t be where we are today without #Ethereum. But we want to solve issues when we see them. Stay tuned for a $TRX airdrop today! Use #TRX to experience our high TPS platform & join the #TRON democracy—#ETH offers neither. https://t.co/zvQjnzO7Zu
— Justin Sun (@justinsuntron) April 21, 2018
However, there is a catch — not an unfair one, though. The beneficially of this offer will be all active users of Ethereum network who will be having a balance of over 1E after 1st January 2018. The 30M TRX is worthy approximately USD$ 1.7M.
Advantages of TRON over Ethereum
Ethereum network has some challenges and limitations that TRON aims at rectifying. The new technology comes at a point when there has been a rivalry between Justin sun and Vitalik Buterin. Justin Sun, the founder of TRON, has recently been quoted claiming that TRON is way much better than Ethereum, but on the other hand, Vitalik Buterin feels that TRON does not have any creativity and is just an idea copied from Ethereum.
Diving into TRON’s 30m TRX airdrop deeper
It is projected that TRON will carry out more transactions than Ethereum, although some people feel that the features of TRON makes it easier and faster but do not take to account the efficiency of transactions. Subsequently, coming back to the TRON airdrop, all distribution of 30M TRX will be done automatically to the users of Etherium, and the customers will not be required to pay or provide any pin — now that’s a hint to users that they must not get trapped by scammers with this news later. The rewards given to the customers will range between 10 to 100 TRX tokens, which users could get converted to primary net tokens later.
Around 600,000 users will benefit from this rewards; this means that a significant portion of the outstanding 65 billion TRX tokens will remain unused. Subsequently, the owners of TRX tokens will have the right to participate in the various decision-making process such as voting of delegates and multiple types of nodes, although it is not entirely clear if the token owners will have interest in this project.
TRX at the moment
In regards to TRX’s current value, the news about the airdrop did not change the recovery of TRX market price much. There is recovery, but the recovery is still quite slow.
Currently, the market price of TRX is just above $0.05 (ranked 13th), but it is predicted that by the end of this year, the amount might rise as high as $1, which is a logic rate that has previously been attained by other projects such as Cardano (ADA) and Stellar (XLM). Indeed, if TRX can achieve the projected price of $ 1, considering it contains 65 billion tokens, it might displace Ripple (XRP). And become even the more successful project than Ethereum; now that’s way too far, right?
For the latest cryptocurrency news, join our Telegram!
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Defence Images via Flickr
Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
One thing that is expected is the approval of Bitcoin ETFs…
Do or Die: 3 Crypto Projects that Really Need to Deliver Soon
Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
Crypto Venture UpStake is Redefining the Industry with a Proof-of-Burn Stable Coin
How Online Casinos Can Adapt to the Growth of Cryptocurrency
Reasons Why 2019 May Be A Great Year For Crypto
Altcoins2 weeks ago
TRON (TRX) Expectations for 2019
Blogs2 weeks ago
Will 2019 be the Year of XRP?
Bitcoin2 weeks ago
What Will Happen First: BTC 2k or 5k?
Don't Miss1 week ago
Wirex adds WAVES to its Platform
Bitcoin1 week ago
Bitcoin Grows Beyond $4,000
Blogs3 days ago
3 Cryptos To Blow Up In The Next Bull Run
Altcoins1 week ago
TRX vs ADA: TRX Overtook ADA for 8th Place
Altcoins1 week ago
TRON (TRX) Surges by 20%