TRON (TRX) Foundation came up with yet another community program that will keep this crypto’s enthusiasts busy. The new plan is called $20k Incentive Plan and is the latest one on the ever-expanding list of community engagement projects. Additionally, TRON is preparing for the token migration, with only a few hours left before the official coin lockdown.
$20k Incentive Plan
TRON (TRX) has become known as a cryptocurrency that keeps its community busy at all times. So far, the Tron Foundation organized several programs for the fans of the coin to participate in. Those included a bug bounty program, a programming contest, and even coreTronicss call-up. The new plan, called the $20k Incentive Plan, is designed to keep TRON’s community engaged, as well as to help them achieve a collaborative effort within the coin’s ecosystem.
— Justin Sun (@justinsuntron) June 20, 2018
Basically, the plan is to deliver a reward of $20,000 to the projects similar to TRON’s blockchain browsers and wallet. That way, the community will remain engaged, while their efforts will actually help the crypto’s ecosystem. And best of all, the projects will be rewarded instantly, and all the developers will have to do is wait for the tech committee to pass it.
By using the community’s efforts, TRON wishes to enhance the MainNet, and improve the user experience for the other users. According to the foundation, giving instant rewards is expected to inspire more developers to join in on the new program, as opposed to giving “loans” like they did during “TRON Acceleration Loan” program. This time, the developers will be inspired to create new and enhanced products and to do it as quickly as possible.
Token lockdown starts today
Another very important event for TRON is its token migration, which has finally come. It is scheduled in only a few hours when the coins will enter the state of lockdown after the exchanges close their wallets. The real migration will happen on June 24, which will be followed by the Super Representatives election on June 26.
TRON’s founder, Justin Sun, took this opportunity to remind users that around 30 crypto exchanges will support the migration, which means that those exchanges can be used for swapping the tokens. The exact time when the exchanges will stop receiving new tokens will depend on each individual exchange, but the users are advised to deposit their tokens as soon as possible, even in these final hours.
Another interesting development includes the long-awaited awakening of TRON’s market price. This is something that the users have been waiting for weeks now, and TRX has hit many milestones during that time. From the launch of the MainNet, through multiple partnerships with various exchanges, and now even the token migration is about to start – the value of TRX could not wait anymore. The increase is small, but the price is still rising.
The community knows that this rise will be slow and steady, but that it will be a long-term trend, which means that patience is the biggest virtue right now. With that in mind, the top levels which the coin might reach can only be speculated right now, especially with many more partnerships that TRON has planned.
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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.
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What Changes May the Crypto Space Experience in 2019
After the crypto hype of 2017, a lot of newly-arrived crypto enthusiasts were caught off-guard by the price crash and bear market that took over in 2018. One month after another, investors were waiting for things to change, and for another bull run to take place. Unfortunately, this did not happen in 2018, and while the year’s final days were seemingly stable, the rally everyone wanted to see has failed to arrive.
However, crypto investors remain optimistic, with many of them hoping to see some changes arrive in 2019. There are rather great expectations of this year, especially since the last one failed to deliver. However, many are interested in what exactly is to be expected in this year, which is what we will talk about today.
Bitcoin ETF approval
The US SEC’s decision regarding Bitcoin ETFs was one of the most anticipated events throughout 2018. Sadly, the decision constantly got delayed, and the SEC never actually provided an answer. The last delay has pushed the decision into 2019, and it is now expected to arrive on February 27.
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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.
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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…
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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.
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