Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => TRON (TRX) Forum + Ecosystem => Topic started by: Henrikbliss on June 22, 2018, 05:18:13 PM
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The Tron community are full of expectations as their independence comes close to reality with the TRX token migration which is currently underway.
The token migration has become an integral part of the Tron network, even though the original roadmap did not include a token swap or the creation of the Tron mainnet.
The founder and CEO of Tron, Justin Sun made the decision to abandon the Ethereum blockchain due to “network issues”, according to a Medium post released last Month. Once the token migration is over, the TRX token will become fully independent from the ethereum blockchain. Sun posted a letter to the community dubbing the 25th of June, “TRON Independence Day,” promising to burn a billion TRX tokens (worth over $50 billion according to current price) for the celebration
Read More: https://news.bitzamp.com/tron-foundation-to-burn-1b-trx-tokens-in-celebration-for-independence-day/ (https://news.bitzamp.com/tron-foundation-to-burn-1b-trx-tokens-in-celebration-for-independence-day/)
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I wish Tron and it's team well on the new found technology, the TRON’s main net. A blockchain can be characterized by various parameters – security, transaction fee, scalability, network speed and many more. Tron addressed all shortcomings of Ethereum based on these parameters while creating its own platform.
I wish Tron & it team a successful platform lunch.
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Price has stayed up a bit higher than I would have imagined after such a runup.. maybe Tron's reputation as just a twitter hype driven pump and dump are in the past!
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It's a shame $50,000,000 in TRX will barely affect the price at all, I saw people talking about this coin burn as if it was going to make TRX go all the way to $1 per TRX. But $50 million in TRX isn't even 0.25% of the total supply lol.
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But $50,000000 may have great impacts on prices and note that CoinMarketCap ranks TRON (TRX) at 9 with a market capitalization of $3,415,519,977.00 and the token is trading at $0.041803 today- 23/06/18 06:48 pm GMT. Let watch out how this competition play out l.
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But $50,000000 may have great impacts on prices and note that CoinMarketCap ranks TRON (TRX) at 9 with a market capitalization of $3,415,519,977.00 and the token is trading at $0.041803 today- 23/06/18 06:48 pm GMT. Let watch out how this competition play out l.
$50,000,000 worth of coins being burned will affect the price, but only by about 1 or 2 percent. And that is estimating on the high side, it's likely going to do next to nothing.