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

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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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Reasons Why 2019 May Be A Great Year For Crypto

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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.

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…

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3 Coins with the Largest Potential in 2019

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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.

  1. Bitcoin (BTC)

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…

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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

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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?…

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