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TRON (TRX) Token Migration is Underway – Don’t Miss your Chance to Move the Coins

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TRON
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After months and months of announcements, waiting, and wondering what consequences the move will have, TRON (TRX) has finally launched its MainNet – Odyssey 2.0 on May 31. It has been two weeks since the launch, and the token migration is happening right now. Do not miss your chance to transfer your coins while you still can.

Odyssey 2.0 has arrived

May 31st was the date that many of the TRON (TRX) enthusiasts were waiting, which is the day when TRON’s MainNet will finally go live. It finally happened, and Odyssey 2.0 can now be downloaded from TRX’s Github page. This was a big achievement for the TRX token, since it marks the beginning of the token migration which will see this crypto going ‘home’, to its own blockchain, while leaving its birthplace – Ethereum’s blockchain.

The MainNet has done a lot, and that includes merging 547 forks, accumulating over 2,150 revisions, adding 102 additional features, as well as releasing up to 15 software iterations. However, the most important thing for TRON itself seems to be the migration itself, since the crypto is eager to ‘shed off its ERC-20 identity’. This is mostly due to the fact that the team is excited to see their own scalability and decentralization solutions in action.

The new network will be capable of offering an amazing speed, which will be up to 400 times faster than what Ethereum can offer. With that in mind, it is no surprise that the coin can’t wait to find itself in a new environment.

Switch your tokens while you can

The token migration has already started, and it is expected to end on June 25. The TRON community has started calling this date an ‘Independence Day’. When it comes to the switch itself, it will be done automatically, but only if the coins are in those exchanges and wallets that are supported. The transactions will be handled by the third party, and the token holders will have their coins converted into their new form.

In case that someone misses the migration, the manual switch to the new blockchain will not be possible. Instead, those who did not allow their coins to migrate will have to wait for the next switch date. It is not known when it will be scheduled, nor which exchanges will have the ability to do it, which is why it would probably be best if token holders can ensure that the migration can happen now.

The switch and the token migration are being supported by various large platforms, including Bit-Z, Coinrail, BITKOP, Bitfinex. Bithumb, Okex, Bitpie, Binance, DragonEx. Coinnest, Liqui, Bittrex, Gate.io, Bixin, UpBit, RightBTC, Huobi Pro, and ZebPay.

Another important thing regarding the Independence Day is that this is also when TRON will announce its Super Representative election results. The top 25 of them will become the network’s primary nodes, and they are being chosen by community voting right now.

TRON was the main topic for days

The launch of the MainNet was a long-expected development, and in the days following the launch, there has been a rather impressive amount of hype on social media. TRON’s founder, Justin Sun, has stated that the internet is talking about TRON more than Bitcoin or Ethereum. Twitter has seen an incredible amount of TRX-mentioning, while the community and TRON enthusiasts, critics, holders, and everyone else involved with this crypto posted over 1500 TRX-related videos on YouTube per day.

What’s more, TRON has more token holders than any other crypto. The current number of them is at around 1.04 million, and none other crypto comes even remotely close to this. The second place in token-holders is reserved for EOS, which only has 360,000 of them.

Additionally, Sun has announced a large bug bounty program shortly after the launch. Its goal is to find all potential flaws in the MainNet, fix them, and make it as perfect as it can get.

There is only one part of TRON that doesn’t seem to thrive in the current conditions, and that is the price of TRX. Many have expected that the price will spike with the launch of the MainNet, and some have probably even counting on it to do so. However, no such event was triggered by Odyssey’s launch. Still, the price has been relatively steady recently, currently being at $0.042394, which might indicate the market’s confidence in the new network.

Since the launch, TRON has entered over half a dozen new partnerships with various exchanges and other entities, which is just another sign that this crypto is continuing on its way to market domination.

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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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Altcoins

Analyzing The Best-Performing Cryptos

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Over the nebulous first half of this year, some tiny cryptos were able to grow by more than 1000% and reach the desired top 100, while others that were already in the top 50 bastions simply zeroed. What factors led them to perform like this? Luck, external factors or well-made decisions?

First of all, it is important to clarify that it would be unwise to analyze them disregarding the market context (crypto and non-crypto) of the period, so we’re using a holistic approach.
In our timeframe, considering the traditional market cycle of emotions, in contrast to the standard chart below, the euphoria quadrant had a much larger peak and a much shorter duration, starting in the middle of 2017 and ending at the beginning of 2018, while we were stuck in the period of “excitement” since, maybe, 2015. The emotions in red passed in a rush and at the end of July, we were already in deep “despondency”.

Source: https://russellinvestments.com/ca/insights/the-market-cycle-of-emotions

Besides to the fact that the market completed half of the cycle in less than half a year, some very relevant things, besides the usual phenomena expected of an investment market, happened during this period. In addition to the hype the period enjoyed and the fact that bad, inexperienced investors were frantically joining the crypto market, we…

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Is Tether (USDT) really a stable coin?

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Tether
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Tether is one of the top digital assets in the crypto-sphere. The coin was launched in November 2014 after it changed its name from Realcoin so that the crypto community doesn’t associate it to the altcoins. It is important to know that Tether is a currency that helps to convert fiat currencies into digital currencies.

Moving forward, there have been lots of FUDs around Tether these days as regards to whether it is going to be a truly stable coin as the market has seen dips lately. Also, the FUDs around Tether have raised questions on whether there are any backings to the digital asset.

It is crucial to know that other factors have been attributed, and one of them was a report from last month that stated that Tether and Bitfinex, had gone their separate ways with Noble Bank. The separation made Bitfinex suspend fiat wire deposits – without no reason or whatsoever.

Tether, in regards to market worth, comprises about 92 percent of the market capitalization of stable coins. Also, this stable coin offers two purposes: to stabilize the volatility of Bitcoin, and also to preserve the amount of money purchasing power investors have at hand when the value of larger cryptocurrencies such as BTC drops.

The coin is a good alternative for traders when trying to cash-in on fiat currencies, as we do know that trying to move money from different exchanges to fiat…

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Blogs

TRON Partnership Involves Cloud Computing

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TRON partnership
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It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.

Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.

Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.

However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.

Baidu to…

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