The 10th largest cryptocurrency by market capitalization – TRON [TRX] has been making its way upwards with no stops as it added $4 billion to its cap from $1.5 mid March to $5.9 per time of writing. The well formed path is without doubt formed by the news, token airdrops, mainnet launch announcement and the migration of ERC20 token to its blockchain, which are hoisting the attraction to traders and investors even more for the coin.
Founder of TRON – Justin Sun, on May 1st tweeted about the successful airdrop which initiated on April 27 for the complete Ethereum community which is very highlight-material as TRX is a ERC-20 token that runs on the Ethereum platform.
Progress Report: 30M Airdrop to Community, people who didn't get airdrop, please bear with us as we work through congestion issues. Thank you for your patience!
— Justin Sun (@justinsuntron)
As a sign of gratitude and as seen above on Justin Sun’s tweet, a 30 million TRX airdrop took place for the #ETH community. Until now, only 4% has been completed because of the big number of wallets.
Main Net Launch Countdown: 31 days, 744 hours, 44,640 minutes, 2,678,400 seconds!
— Justin Sun (@justinsuntron)
Mainnet Hype – keeping the TRON enthusiasts updated, Mr. Sun declared the countdown to the most important and anticipated Tron-project to date: Mainnet Launch. For starters, the mainnet is the official version of the token’s own blockchain network.
Per time of writing, if you buy a TRX token, you really are purchasing a ERC-20 token which means that as long that TRON’s token does not have its network it will be using Ethereum’s to be supported. On the event of the TRON mainnet launch, all ERC-20 tokens will be swapped with a one-per-one basis for a real TRX token now.
With the launch and token migration, TRON could become a potential competitor of Ethereum as mentioned by Justin Sun on his twitter account.
The bullish run-time at this point with all the good news pouring-in looks like is just about to get started while being very promising on the near and mid term.
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Clearly, the days of all-red are going away and appearing very rarely as a welcoming mid-week trading has taken over the market of cryptocurrencies. One of the top leading coins is standing high above others in gain for the last 24-hours as it rockets with 16.50 percent in the green – IOTA.
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Recently, there were many attempts by the pair MIOTA/USD to overcome the $2.10 or at least close successfully above $2.00 but with no success which eventually ended on the first day of May with a speedy dip. However, as fast as the price dropped, it climbed its way above and clear the important resistance at $2.00 opening gates for more gain in the upcoming days hopefully forming a higher trading ground.
A very strong and confidence filling-up community with a very large share of trading happening on Bitfinex and Binance supports the project of IOTA. The IOTA Foundation, the Berlin-based company behind IOTA technology, announced the launch of IOTA ecosystem platform, on Twitter account on Wednesday morning.
“With a global community of developers, entrepreneurs, corporate executives, government officials, philanthropists, hobbyists, and general enthusiasts contributing to the IOTA project, the IOTA Ecosystem is a platform for this community to meet, collaborate, learn, inspire, develop and build.”
Targeting to unite the community, the new website will attempt to encourage and stimulate further development of the project.
Tangle is the data structure behind a new and novel micro-transaction cryptotoken optimized for the Internet-of-Things (IoT) called, appropriately enough, “IOTA.’ Very different from complex blockchains that are dealing with their era-issues, Tangle was designed to reach the level and the size of the Internet-of-Things ecosystem with tens of billions of devices connected to each other which was required to be supported by the system.
IOTA co-founder Sergey Ivancheglo, posting anonymously as “Come-From-Beyond”, wrote this on Blockchain Forum:
The number of connected devices that will permeate our modern landscape in the coming decade is estimated to be 50 billion(!) Each of these are designed to make the world a better and more seamless place for us. Tied to this fantastic promise are of course a ton of obstacles to be overcome, of which one major one is micro-transactions. These connected IoT devices must be able to automatically pay miniscule amounts to one another in a frictionless manner without having to compromise on product design by introducing additional hardware. This is why IOTA was conceived.
For the system to function properly, there is no need for miners to complete transactions as the network is planned in that way that every time a new transaction is issued, it is confirmed by the next one as the present one confirms two prior itself being requested. The more users, the better the system-network with no problem of overpopulation.
When it comes to Real-Life use, just recently ElaadNL joined up with IOTA to release the first charging station where paying and charging can be done with IOTA.
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In this article I will explain the benefits of a B2B/P2P Marketplace, the differences between them, and the advantages given by utilizing…
Either to avoid the SEC’s scrutiny or because it already made enough money, Telegram decided to pull the plug on its public token sale.
