— Justin Sun (@justinsuntron) May 24, 2018
We are now less than one week away from the launch of the TRON MainNet. This upgrade will see the TRON system migrate from the Ethereum blockchain, onto its very own MainNet. In doing so, the current TRX token, based on Ethereum’s ERC-20 token, will be transferred to a brand new native TRX currency. The great thing about this is that the majority of TRON’s wallets and exchanges will support the migration, meaning that essentially, ERC-20 TRX tokens will be directly and automatically traded for the new TRX token. Nobodies assets should be affected and moreover, investors, holders, buyers and sellers shouldn’t have to do anything out of the ordinary to ensure this.
Justin Sun, founder of TRON has recently tweeted two Medium posts which offer guidance to both exchanges and TRON Super Representatives about what will happen during the upgrade, including timings and of course, advice about what each entity needs to do, and which point in the upgrade. You can see TRON’s guidance for yourself, at the following locations:
Guidance for Exchanges- https://medium.com/@Tronfoundation/guidance-for-exchanges-after-tron-mainnet-launch-869f8a33ab54
Guidance for TRON Super Representatives- https://medium.com/@Tronfoundation/guidance-for-srs-after-tron-mainnet-launch-832e394b8730
How is TRON performing in anticipation for this?
Well, with the markets on a steep downward slope, we should report that TRON isn’t performing as well as it should be. However, with that in mind, because of the anticipation leading up to this, the decline of TRON is not as bad as it could be.
At the time of writing, TRON is valued at $0.07, down 1.55%. At this point we should note that TRON’s neighbours are both down by significantly greater amounts. Cardano at the time of writing, is down 7.92%. IOTA at the time of writing is down 6.17%. Likewise, the top end of the market is seeing a similar drop, Bitcoin is down 6.16% at the time of writing, Ethereum is down 8.82% at the time of writing.
With these figures in mind, we can see that TRON are having far less of a worse time than many other major currencies, for the moment at least.
As anticipation builds, we could see TRON start to climb again soon. Whilst it is unlikely to skyrocket any time soon, we do expect to see TRON rack up some value as the MainNet launch nears. What will happen after then of course depends on the success of the MainNet launch. We still believe TRON has great potential and can see some very big things happen for this currency. For the time being, we will simply just have to wait and see what happens.